DENVER (AP) — DENVER (AP) — Civitas Resources, Inc. (CIVI) on Thursday reported third-quarter earnings of $295.8 million.
The Denver-based company said it had net income of $3.01 per share. Earnings, adjusted for non-recurring gains, were $1.99 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The oil and gas company posted revenue of $1.27 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.34 billion.
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