BUZZ-Civitas Resources falls after missing Q4 estimates

Reuters

Feb 25

BUZZ-<a href="https://laohu8.com/S/CIVI">Civitas Resources</a> falls after missing Q4 estimates

** Civitas Resources falls 4.7% to $46.99 in extended trade

** Company reports Q4 adj. EPS of $1.78 vs. est. of $1.98 - data compiled by LSEG

** Operating expenses rise 23.7% from year-ago quarter

** Roth MKM analysts note company's 2025 oil output forecast was 4.4% below consensus, 2025 capex guide was 3.7% below consensus - production est of 325,000 to 335,000 boepd was 3.6% below consensus of 342,400 boepd

** Company also plans to expand Permian Basin position with a $300 mln bolt-on transaction, expected to close at end of February 2025

** Plans to fund the purchase price through additional borrowings on its revolving credit facility

** Also looks to execute new divestment target of $300 mln

** Aims to reduce 10% of workforce across all levels of organization

** Up to last close on Monday, CIVI up ~7.5% YTD

(Reporting by Seher Dareen in Bengaluru)

((Seher.Dareen@thomsonreuters.com;))

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EPS of $1.78 vs. est. of $1.98 - data compiled by LSEG</p><p>** Operating expenses rise 23.7% from year-ago quarter</p><p>** Roth MKM analysts note company's 2025 oil output forecast was 4.4% below consensus, 2025 capex guide was 3.7% below consensus - production est of 325,000 to 335,000 boepd was 3.6% below consensus of 342,400 boepd</p><p>** Company also plans to expand Permian Basin position with a $300 mln bolt-on transaction, expected to close at end of February 2025</p><p>** Plans to fund the purchase price through additional borrowings on its revolving credit facility</p><p>** Also looks to execute new divestment target of $300 mln</p><p>** Aims to reduce 10% of workforce across all levels of organization</p><p>** Up to last close on Monday, CIVI up ~7.5% YTD</p><p> (Reporting by Seher Dareen in Bengaluru)</p><p> ((Seher.Dareen@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CIVI","symbol_name":"Civitas Resources","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250224:nL3N3PF1V6:1","article_id":"2514700306","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514700306","pubTimestamp":1740439736,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Civitas Resources falls after missing Q4 estimates ** Civitas Resources falls 4.7% to $46.99 in extended trade** Company reports Q4 adj. EPS of $1.78 vs. est. of $1.98 - data compiled by LSEG** Operating expenses rise 23.7% from year-ago quarter** Roth MKM analysts note company's 2025 oil output forecast was 4.4% below consensus, 2025 capex guide was 3.7% below consensus - production est of 325,000 to 335,000 boepd was 3.6% below consensus of 342,400 boepd** Company also plans to expand Permian Basin position with a $300 mln bolt-on transaction, expected to close at end of February 2025** Plans to fund the purchase price through additional borrowings on its revolving credit facility** Also looks to execute new divestment target of $300 mln** Aims to reduce 10% of workforce across all levels of organization** Up to last close on Monday, CIVI up ~7.5% YTD  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CIVI":"Civitas Resources","BK4213":"石油与天然气的勘探与生产"},"translate_title":"BUZZ-Civitas Resources因未达到第四季度预期而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CIVI":0.9},"content_text":"BUZZ-Civitas Resources falls after missing Q4 estimates ** Civitas Resources falls 4.7% to $46.99 in extended trade** Company reports Q4 adj. EPS of $1.78 vs. est. of $1.98 - data compiled by LSEG** Operating expenses rise 23.7% from year-ago quarter** Roth MKM analysts note company's 2025 oil output forecast was 4.4% below consensus, 2025 capex guide was 3.7% below consensus - production est of 325,000 to 335,000 boepd was 3.6% below consensus of 342,400 boepd** Company also plans to expand Permian Basin position with a $300 mln bolt-on transaction, expected to close at end of February 2025** Plans to fund the purchase price through additional borrowings on its revolving credit facility** Also looks to execute new divestment target of $300 mln** Aims to reduce 10% of workforce across all levels of organization** Up to last close on Monday, CIVI up ~7.5% YTD (Reporting by Seher Dareen in Bengaluru) ((Seher.Dareen@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}