Civitas Resources Inc. (CIVII) Financial Statements (2025 and earlier)

Company Profile

Business Address 555 - 17TH STREET, SUITE 3700
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments75,8261,124,797768,032254,45424,74311,008
Cash and cash equivalent75,8261,124,797768,032254,45424,74311,008
Receivables646,290505,961343,500362,26232,67343,714
Inventory, net of allowances, customer advances and progress billings    12,3869,1857,726
Inventory    12,3869,1857,726
Prepaid expense  9,55229,604   
Derivative instruments and hedges, assets66,51735,1922,4903,3937,4822,884
Other undisclosed current assets199,685468,910184,80487,44218,32245,184
Total current assets:988,3182,144,4121,328,430719,93792,405110,516
Noncurrent Assets
Operating lease, right-of-use asset  78,26624,12539,88529,48638,562
Property, plant and equipment13,794,35811,820,2166,611,1055,944,842997,3111,053,575
Derivative instruments and hedges17,0378,233794  121
Deferred income tax assets    22,28460,520 
Other noncurrent assets144,40729,8526,94514,0852,8713,544
Other undisclosed noncurrent assets  16,340  219 
Total noncurrent assets:13,955,80211,952,9076,642,9696,021,0961,090,4071,095,802
TOTAL ASSETS:14,944,12014,097,3197,971,3996,741,0331,182,8121,206,318
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:560,893565,708295,297246,18837,42557,638
Accounts payable35,43755,75031,78319,6231,93117,117
Accrued liabilities160,25380,42377,50719,0771,7932,187
Other undisclosed accounts payable and accrued liabilities365,203429,535186,007207,48833,70138,334
Deferred revenue  4,501    
Debt      11,690
Derivative instruments and hedges, liabilities22,17818,09646,334219,8046,4026,390
Asset retirement obligation58,63631,11625,55724,000  
Other liabilities118,168     
Other undisclosed current liabilities1,445,2191,232,466810,739629,51430,65729,021
Total current liabilities:2,205,0941,851,8871,177,9271,119,50674,484104,739
Noncurrent Liabilities
Long-term debt and lease obligation4,493,5314,785,732393,293513,10817,978107,540
Long-term debt, excluding current maturities4,493,5314,785,732393,293491,710 80,000
Liabilities, other than long-term debt1,322,691914,386613,610221,2741,330921
Deferred revenue  43,889    
Asset retirement obligations399,002305,716265,469201,315  
Deferred income tax liabilities800,554564,781319,618   
Other liabilities110,119     
Operating lease, liability   11,32421,39817,97827,540
Derivative instruments and hedges, liabilities13,016 17,19919,9591,330921
Other undisclosed noncurrent liabilities294,058363,993412,650232,14743,76856,428
Total noncurrent liabilities:6,110,2806,064,1111,419,553966,52963,076164,889
Total liabilities:8,315,3747,915,9982,597,4802,086,035137,560269,628
Equity
Equity, attributable to parent6,628,7466,181,3215,373,9194,654,9981,045,252936,690
Common stock5,0065,0044,9184,9124,2824,284
Additional paid in capital5,095,2984,964,4504,211,1974,199,108707,209702,173
Retained earnings1,528,4421,211,8671,157,804450,978333,761230,233
Total equity:6,628,7466,181,3215,373,9194,654,9981,045,252936,690
TOTAL LIABILITIES AND EQUITY:14,944,12014,097,3197,971,3996,741,0331,182,8121,206,318

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues5,206,8083,479,2403,791,398930,614218,090313,220
Gross profit:5,206,8083,479,2403,791,398930,614218,090313,220
Operating expenses(3,727,404)(2,339,760)(1,807,358)(608,551)(229,235)(207,662)
Operating income (loss):1,479,4041,139,4801,984,040322,063(11,145)105,558
Nonoperating income (expense)(396,709)(140,026)(330,262)(70,284)54,126(38,491)
Other nonoperating income (expense)24,67033,66121,217(2,006)4,107127
Interest and debt expense(456,303)(182,740)(32,199)(1)(864)(2,650)
Income from continuing operations before equity method investments, income taxes:626,392816,7141,621,579251,77842,11764,417
Other undisclosed income from continuing operations before income taxes456,303182,74032,19918642,650
Income from continuing operations before income taxes:1,082,695999,4541,653,778251,77942,98167,067
Income tax expense (benefit)(243,972)(215,166)(405,698)(72,858)60,547 
Income from continuing operations:838,723784,2881,248,080178,921103,52867,067
Income before gain (loss) on sale of properties:✕✕✕✕178,921103,52867,067
Net income available to common stockholders, diluted:838,723784,2881,248,080178,921103,52867,067

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:838,723784,2881,248,080178,921103,52867,067
Comprehensive income, net of tax, attributable to parent:838,723784,2881,248,080178,921103,52867,067

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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