Civitas (CIVI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Financial Performance - For the quarter ended June 2025, Civitas Resources reported revenue of $1.06 billion, a decrease of 19.5% compared to the same period last year [1] - Earnings per share (EPS) was $0.99, down from $2.06 in the year-ago quarter [1] - The reported revenue was below the Zacks Consensus Estimate of $1.11 billion, resulting in a surprise of -5.19% [1] - The company experienced an EPS surprise of -11.61%, with the consensus EPS estimate being $1.12 [1] Key Metrics - Average sales volumes per day for crude oil were 149 million barrels, slightly below the six-analyst average estimate of 149.63 million barrels [4] - Average sales volumes per day for crude oil equivalent were 317,000 million barrels, compared to the average estimate of 324,369.3 million barrels [4] - Average sales volumes per day for natural gas were 524 million cubic feet, below the six-analyst average estimate of 562.27 million cubic feet [4] - Average sales prices for natural gas were $1.00 per Mcf, significantly lower than the five-analyst average estimate of $1.53 [4] - Product revenue from natural gas was $48 million, compared to the $99.18 million average estimate, representing a year-over-year change of +411.4% [4] Stock Performance - Shares of Civitas have returned -10.4% over the past month, while the Zacks S&P 500 composite increased by +0.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]