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Civitas Resources Past Earnings Performance
Past criteria checks 2/6
Civitas Resources has been growing earnings at an average annual rate of 27.4%, while the Oil and Gas industry saw earnings growing at 24% annually. Revenues have been growing at an average rate of 38.6% per year. Civitas Resources's return on equity is 9.5%, and it has net margins of 13.5%.
Key information
27.41%
Earnings growth rate
15.52%
EPS growth rate
| Oil and Gas Industry Growth | 33.67% |
| Revenue growth rate | 38.56% |
| Return on equity | 9.54% |
| Net Margin | 13.53% |
| Last Earnings Update | 30 Sep 2025 |
Recent past performance updates
Recent updates
Narrative Update • Jan 19
CIVI: SM Energy All Stock Merger Will Reshape Future Cash Flow Profile
Analysts have nudged their price target for Civitas Resources slightly lower to about US$36.92 from US$37.31, reflecting updated assumptions on growth, margins, discount rates and future P/E multiples in light of recent sector target cuts and the planned all stock merger with SM Energy. Analyst Commentary Recent research on Civitas Resources clusters around the implications of the planned all stock merger with SM Energy and how that could influence the company’s valuation, growth profile and execution risks over the next few years.
Narrative Update • Jan 04
CIVI Will Seek Re Rating As SM Energy Merger Drives Scale
The analyst price target for Civitas Resources has been reduced by a few dollars per share, as analysts factor in softer long term growth and margin assumptions, alongside merger related valuation uncertainty and a sector wide shift in preference toward gas focused names. Analyst Commentary Recent Street research reflects a more nuanced stance toward Civitas Resources, with price target reductions framed less as company specific setbacks and more as part of a broader recalibration across the North American energy complex.Seeking Alpha • Dec 30
Civitas Resources: The Merger Gets A Green Light On My Part
Summary Civitas Resources is rated a Strong Buy, driven by compelling valuation and a transformative merger with SM Energy. CIVI trades at a P/E of 4.19 and EV/EBITDA of 2.24, with a staggering 36.5% FCF yield, reflecting deep value. The SM Energy merger targets $200–$300M in annual synergies, $1.4B+ FCF, and potential credit rating upgrades but raises leverage to 1.5x net debt/EBITDA. Dividend yield will drop to 3.8–4.2% post-merger, with near-term focus on debt reduction and asset sales to enhance the balance sheet. Read the full article on Seeking Alpha
Narrative Update • Dec 20
CIVI: Merger With SM Energy Will Shape Cash Flow And Risk Outlook
Analysts have trimmed their price targets on Civitas Resources by about $3 per share, reflecting a more cautious sector view, the valuation overhang from the pending all stock merger with SM Energy, and updated forecasts that incorporate slightly slower revenue declines, improved margins, and lower future earnings multiples. Analyst Commentary Bearish analysts have reiterated a cautious stance on Civitas Resources, pointing to a combination of merger related uncertainty, commodity price headwinds, and questions around the company’s long term capital efficiency.Narrative Update • Dec 06
CIVI: SM Energy Merger Will Drive Cash Flow Scale Despite Recent Downgrade
Analysts have nudged their average price target for Civitas Resources lower by a few dollars per share to roughly the mid $30s, citing recalibrated forecasts around the all stock merger with SM Energy, updated 2025 to 2026 guidance, and a more cautious stance on oil relative to gas within the broader E&P sector. Analyst Commentary Street research following the SM Energy merger announcement reflects a more balanced, wait and see stance on Civitas, with targets drifting lower but views diverging on how quickly the combined platform can translate scale into shareholder returns.Narrative Update • Nov 22
CIVI: Merger With SM Energy Will Unlock New Scale And Market Opportunities
The analyst price target for Civitas Resources has decreased from approximately $41 to $37 per share. Analysts cite updated guidance, merger-related valuation changes, and mixed energy sector sentiment as key factors behind the lowered expectations.Analysis Article • Nov 13
Civitas Resources' (NYSE:CIVI) Dividend Will Be $0.50
Civitas Resources, Inc. ( NYSE:CIVI ) has announced that it will pay a dividend of $0.50 per share on the 29th of...Narrative Update • Nov 04
CIVI: All-Stock Merger With SM Energy Will Drive Permian Expansion
Analysts have lowered their price target for Civitas Resources from approximately $42.73 to $40.79 per share. They cite the upcoming SM Energy merger and a shifting financial outlook as key factors in their revised valuation.Analysis Article • Oct 24
Here's Why Civitas Resources (NYSE:CIVI) Has A Meaningful Debt Burden
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Oct 13
Efficiency Gains And ESG Pressures Will Shape Permian Production
Analysts have raised the price target for Civitas Resources from $41.80 to approximately $42.73. They cited revised outlooks on company performance and industry developments as the reasons for the adjustment.Narrative Update • Sep 17
Efficiency Gains And ESG Pressures Will Shape Permian Production
Analysts have modestly reduced Civitas Resources’ price target from $42.13 to $41.80, reflecting improved production and cash flow offset by cautious views on long-term asset development. Analyst Commentary Bullish analysts cite improved production guidance and stronger-than-expected quarterly results as key drivers for raising targets.Analysis Article • Aug 31
Civitas Resources, Inc. (NYSE:CIVI) Surges 28% Yet Its Low P/E Is No Reason For Excitement
The Civitas Resources, Inc. ( NYSE:CIVI ) share price has done very well over the last month, posting an excellent gain...Analysis Article • May 09
Civitas Resources, Inc. Just Beat EPS By 18%: Here's What Analysts Think Will Happen Next
Civitas Resources, Inc. ( NYSE:CIVI ) shareholders are probably feeling a little disappointed, since its shares fell...Seeking Alpha • Mar 10
Civitas Resources: Buy The Dip On This High Yield
Summary Civitas Resources offers a compelling value opportunity, supported by strong fundamentals, low-cost structure, and robust free cash flow generation. CIVI's peer-leading cost structure and substantial development runway in the Permian and DJ Basins position it well for future growth despite temporary setbacks. CIVI carries a 6% dividend yield, a low forward P/E of 4.2x, and a historically high free cash flow yield of 27%. Read the full article on Seeking AlphaAnalysis Article • Feb 28
Earnings Working Against Civitas Resources, Inc.'s (NYSE:CIVI) Share Price Following 26% Dive
Civitas Resources, Inc. ( NYSE:CIVI ) shareholders that were waiting for something to happen have been dealt a blow...Analysis Article • Feb 27
Civitas Resources, Inc. Just Missed EPS By 5.2%: Here's What Analysts Think Will Happen Next
One of the biggest stories of last week was how Civitas Resources, Inc. ( NYSE:CIVI ) shares plunged 22% in the week...Seeking Alpha • Feb 26
Civitas Resources: Sound Management After A Risky Start
Summary Civitas has formed from bankrupt and troubled companies. Civitas has demonstrated impressive growth in both cash flow and free cash flow, which indicates tight management. Civitas's cash flow growth confirms genuine financial health. The company's ability to "whip the combined company into shape" and maintain financial growth is rare and noteworthy for investors. Operating costs are declining. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Civitas Resources makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 4,712 | 638 | 214 | 0 |
| 30 Jun 25 | 4,816 | 757 | 222 | 0 |
| 31 Mar 25 | 5,072 | 849 | 232 | 0 |
| 31 Dec 24 | 5,207 | 839 | 241 | 0 |
| 30 Sep 24 | 5,041 | 991 | 243 | 0 |
| 30 Jun 24 | 4,805 | 835 | 222 | 0 |
| 31 Mar 24 | 4,152 | 758 | 195 | 0 |
| 31 Dec 23 | 3,479 | 784 | 163 | 0 |
| 30 Sep 23 | 3,167 | 763 | 143 | 0 |
| 30 Jun 23 | 3,139 | 1,029 | 143 | 0 |
| 31 Mar 23 | 3,630 | 1,359 | 136 | 0 |
| 31 Dec 22 | 3,791 | 1,248 | 132 | 0 |
| 30 Sep 22 | 3,488 | 1,130 | 131 | 0 |
| 30 Jun 22 | 2,670 | 765 | 108 | 0 |
| 31 Mar 22 | 1,674 | 271 | 95 | 0 |
| 31 Dec 21 | 931 | 179 | 73 | 0 |
| 30 Sep 21 | 483 | 76 | 46 | 0 |
| 30 Jun 21 | 352 | 38 | 41 | 0 |
| 31 Mar 21 | 232 | 25 | 34 | 0 |
| 31 Dec 20 | 218 | 104 | 36 | 0 |
| 30 Sep 20 | 235 | 40 | 35 | 0 |
| 30 Jun 20 | 251 | 73 | 37 | 0 |
| 31 Mar 20 | 301 | 153 | 39 | 0 |
| 31 Dec 19 | 313 | 67 | 40 | 0 |
| 30 Sep 19 | 300 | 176 | 42 | 0 |
| 30 Jun 19 | 299 | 183 | 43 | 0 |
| 31 Mar 19 | 285 | 147 | 43 | 0 |
| 31 Dec 18 | 277 | 168 | 43 | 0 |
| 30 Sep 18 | 261 | 56 | 45 | 0 |
| 30 Jun 18 | 231 | 17 | 47 | 0 |
| 31 Mar 18 | 204 | 106 | 47 | 0 |
| 31 Dec 17 | 192 | -2 | 65 | 0 |
| 30 Sep 17 | 189 | -64 | 44 | 0 |
| 30 Jun 17 | 193 | -103 | 50 | 0 |
| 31 Mar 17 | 204 | -246 | 56 | 0 |
| 31 Dec 16 | 195 | -199 | 77 | 0 |
| 30 Sep 16 | 205 | -705 | 67 | 0 |
| 30 Jun 16 | 228 | -783 | 73 | 0 |
| 31 Mar 16 | 264 | -774 | 85 | 0 |
| 31 Dec 15 | 293 | -746 | 86 | 0 |
| 30 Sep 15 | 359 | -214 | 89 | 0 |
| 30 Jun 15 | 443 | -54 | 82 | 0 |
| 31 Mar 15 | 504 | -11 | 87 | 0 |
Quality Earnings: CIVI has high quality earnings.
Growing Profit Margin: CIVI's current net profit margins (13.5%) are lower than last year (19.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CIVI's earnings have grown significantly by 27.4% per year over the past 5 years.
Accelerating Growth: CIVI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CIVI had negative earnings growth (-35.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (-15.5%).
Return on Equity
High ROE: CIVI's Return on Equity (9.5%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/29 05:53 |
| End of Day Share Price | 2026/01/29 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Civitas Resources, Inc. is covered by 21 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jason Smith | BofA Global Research |
| Stephen Berman | Canaccord Genuity |
| Bradley Carpenter | Cantor Fitzgerald & Co. |