Civitas Resources (CIVI) Beats Q3 Earnings Estimates

Core Viewpoint - Civitas Resources reported quarterly earnings of $1.93 per share, exceeding the Zacks Consensus Estimate of $1.34 per share, but down from $1.99 per share a year ago, indicating an earnings surprise of +44.03% [1][2] Financial Performance - The company posted revenues of $1.17 billion for the quarter ended September 2025, missing the Zacks Consensus Estimate by 1.09% and down from $1.27 billion year-over-year [2] - Over the last four quarters, Civitas has surpassed consensus EPS estimates two times, but has not beaten consensus revenue estimates [2] Stock Performance - Civitas shares have declined approximately 43.7% since the beginning of the year, contrasting with the S&P 500's gain of 15.6% [3] - The current Zacks Rank for Civitas is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.35 on revenues of $1.14 billion, and for the current fiscal year, it is $5.44 on revenues of $4.62 billion [7] - The trend of estimate revisions for Civitas was unfavorable prior to the earnings release, which may impact future stock movements [5][6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently in the bottom 21% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8]