Civitas: Q4 Earnings Snapshot

DENVER (AP) — DENVER (AP) — Civitas Resources, Inc. (CIVI) on Tuesday reported fourth-quarter net income of $302.9 million.

The Denver-based company said it had profit of $3.20 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share.

The oil and gas company posted revenue of $1.13 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.2 billion.

For the year, the company reported profit of $784.3 million, or $9.02 per share. Revenue was reported as $3.48 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIVI at https://www.zacks.com/ap/CIVI