DENVER (AP) — DENVER (AP) — Civitas Resources, Inc. (CIVI) on Thursday reported first-quarter net income of $175.8 million.
On a per-share basis, the Denver-based company said it had profit of $1.74.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share.
The oil and gas company posted revenue of $1.33 billion in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $1.27 billion.
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