💨 Abstract

Civitas Resources, Inc. (CIVI) reported first-quarter earnings of $186 million, exceeding Wall Street expectations with $1.99 per-share net income and $1.77 per-share adjusted earnings. However, revenue of $1.19 billion fell short of analyst forecasts, which had anticipated $1.2 billion. The oil and gas company's performance highlights a mixed financial outcome for the quarter.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖