DENVER (AP) — DENVER (AP) — Civitas Resources, Inc. (CIVI) on Wednesday reported first-quarter earnings of $186 million.
On a per-share basis, the Denver-based company said it had net income of $1.99. Earnings, adjusted for non-recurring gains, were $1.77 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The oil and gas company posted revenue of $1.19 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.2 billion.
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