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Sep 30, 2025
Civitas Q3 2025 Earnings Report
Civitas Resources reported strong third quarter 2025 financial and operating results, exceeding expectations with higher production and lower cash operating expenses.
Key Takeaways
Civitas Resources delivered a strong third quarter in 2025, surpassing expectations with a net income of $177 million, operating cash flow of $860 million, and Adjusted Free Cash Flow of $254 million. The company saw increased oil and total production, alongside a five percent reduction in cash operating expenses per BOE. Strategic divestments of non-core assets were completed, and the company significantly reduced net debt while repurchasing a substantial amount of its stock.
Net income reached $177 million, with operating cash flow at $860 million and Adjusted Free Cash Flow at $254 million, exceeding expectations.
Oil production increased by six percent to over 158 MBbl/d, and total production rose to 336 MBoe/d, compared to the previous quarter.
Cash operating expenses decreased by five percent to $9.67 per BOE, driven by production increases and lower fuel/power usage.
The company reduced net debt by $237 million and repurchased $250 million of its stock, representing approximately 8% of outstanding shares.
Forward Guidance
Due to the pending merger with SM Energy, Civitas has discontinued providing quarterly and annual guidance. Investors are cautioned not to rely on previously disclosed forward-looking statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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