DENVER (AP) — DENVER (AP) — Civitas Resources, Inc. (CIVI) on Wednesday reported first-quarter net income of $202.5 million.
On a per-share basis, the Denver-based company said it had profit of $2.46. Earnings, adjusted for non-recurring gains, were $2.25 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.
The oil and gas company posted revenue of $656 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $669.6 million.
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