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0:00 / 0:00I. Business Strategy and Operations
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Civitas Resources Surges Production 63% with Permian Acquisitions

CIVI10-KFiling Date: 2/24/2025
Civitas Resources, Inc.
Description

What this story covers

Civitas Resources reported $839M net income in 2024, up from prior year, driven by 63% production growth to 345 MBoe/d via Permian expansions like Vencer acquisition. Reserves rose 14% to 798 MBoe, with $1.3B free cash flow funding dividends, repurchases, and $1.9B capex amid commodity volatility and regulatory risks.

Story snapshot

CompanyCivitas Resources, Inc.
TickerCIVI
VariantStandard detailed
Duration13:45
Filing type10-K
PeriodAnnual 2024
IndustryEnergy
Accession0001509589-25-000009

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