A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
Item 1. Business When we use the terms “Civitas,” the “Company,” “we,” “us,” or “our,” we are referring to Civitas Resources, Inc. and its consolidated subsidiaries unless the context otherwise requires. We have included certain technical terms important to an understanding of our business under “Glossary of Crude Oil and Natural Gas Terms” above. Throughout this document, we make statements that may be classified as “forward-looking.” Refer to “Information Regarding Forward-Looking Statements” above for an explanation of these types of statements. Civitas is an independent exploration and production company focused on the acquisition, development, and production of crude oil and associated liquids-rich natural gas in the DJ Basin in Colorado and the Permian Basin in Texas and New Mexico.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | % of Total |
|---|---|---|---|---|---|---|
Crude Oil, Natural Gas, And Natural Gas Liquids | — | — | $3.79B | $3.47B | $5.20B | 50% |
Crude Oil Derivatives (volumes in Bbl/day and prices in $/Bbl) | — | $615M | $2.54B | $2.78B | $4.37B | 42% |
Natural Gas Liquids (NGL) | — | — | $560M | $393M | $667M | 6% |
Natural Gas | — | — | $692M | $306M | $225M | 2% |
Midstream operating expense | — | — | $4M | $5M | $4M | 0% |
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 4.7B | 5.2B | 3.5B | 3.8B | 931M | 218M |
| Net Income | 638M | 839M | 784M | 1.2B | 179M | 104M |
| EPS | $6.89 | $8.46 | $9.02 | $14.58 | $2.09 | $4.95 |
| Free Cash Flow | 0 | 2.9B | 2.2B | 2.5B | 275M | 158M |
| ROIC | 0.0% | 12.1% | 10.6% | 30.0% | 4.0% | 4.4% |
| Gross Margin | 92.4% | 33.9% | 38.6% | 48.3% | 35.1% | 36.7% |
| Debt/Equity | 0.77 | 0.68 | 0.77 | 0.08 | 0.11 | 0.03 |
| Dividends/Share | $2.21 | $4.97 | $7.60 | $6.29 | $0.76 | $0.00 |
| Operating Income | 0 | 1.5B | 1.2B | 1.7B | 261M | 45M |
| Operating Margin | 0.0% | 29.6% | 34.0% | 44.5% | 28.1% | 20.6% |
| ROE | 9.5% | 13.1% | 12.7% | 23.2% | 3.8% | 9.9% |
| Shares Outstanding | 85M | 99M | 87M | 86M | 80M | 21M |
CIVITAS RESOURCES, INC. passes 5 of 9 quality checks, suggesting mixed fundamentals.
CIVITAS RESOURCES, INC. trades at 3.2x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average ROIC is 12.2% with a gross margin of 38.5%. Total shareholder yield (dividends + buybacks) is 28.6%. At current prices, the estimated annualized return to fair value is +11.0%.
CIVITAS RESOURCES, INC. (CIVI) has a current P/E ratio of 3.2, compared to its historical median P/E of 15.0. The stock is currently considered Cheap based on its historical valuation range.
CIVITAS RESOURCES, INC. (CIVI) has a 5-year average return on invested capital (ROIC) of 12.2%. This indicates solid capital allocation.
CIVITAS RESOURCES, INC. (CIVI) has a market capitalization of $2.3B. It is classified as a mid-cap stock.
Yes, CIVITAS RESOURCES, INC. (CIVI) pays a dividend with a trailing twelve-month yield of 8.08%. The company also returns capital through share buybacks, with a buyback yield of 20.53%.
Based on historical P/E analysis, CIVITAS RESOURCES, INC. (CIVI) appears cheap. The current P/E of 3.2 is 78% below its historical median of 15.0. The estimated fair value CAGR (P/E method) is 11.0%.
CIVITAS RESOURCES, INC. (CIVI) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
CIVITAS RESOURCES, INC. (CIVI) reported annual revenue of $5.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
CIVITAS RESOURCES, INC. (CIVI) has a net profit margin of 16.1%. This is a healthy margin.
CIVITAS RESOURCES, INC. (CIVI) generated $2.9 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CIVITAS RESOURCES, INC. (CIVI) has a debt-to-equity ratio of 0.68. This indicates moderate leverage.
CIVITAS RESOURCES, INC. (CIVI) reported earnings per share (EPS) of $8.46 in its most recent fiscal year.
CIVITAS RESOURCES, INC. (CIVI) has a return on equity (ROE) of 13.1%. This indicates moderate shareholder returns.
CIVITAS RESOURCES, INC. (CIVI) has a 5-year average gross margin of 38.5%. This indicates decent pricing power.
The Ledger Terminal provides 13 years of financial data for CIVITAS RESOURCES, INC. (CIVI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CIVITAS RESOURCES, INC. (CIVI) has a book value per share of $66.86, based on its most recent annual SEC filing.