$CIVI
CIVITAS RESOURCES, INC. Stock $civi

$civi Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000150958924000020 Filed on May 02, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$1.313B	$1.329B	$656.0M
YoY Change	98.73%	102.62%	-19.78%
Cost Of Revenue	$138.5M	$145.0M	$55.90M
YoY Change	114.64%	159.44%	33.95%
Gross Profit	$1.174B	$1.184B	$600.1M
YoY Change	97.01%	97.32%	-22.67%
Gross Profit Margin	89.45%	89.09%	91.48%
Selling, General & Admin	$153.6M	$146.8M	$104.0M
YoY Change	54.76%	41.19%	24.89%
% of Gross Profit	13.08%	12.4%	17.32%
Research & Development	$1.340M	$11.53M	$571.0K
YoY Change	145.42%	1919.96%	8.14%
% of Gross Profit	0.11%	0.97%	0.1%
Depreciation & Amortization	$521.1M	$466.8M	$201.3M
YoY Change	123.85%	131.91%	8.89%
% of Gross Profit	44.38%	39.42%	33.54%
Operating Expenses	$925.8M	$902.4M	$415.0M
YoY Change	178.38%	117.46%	-0.21%
Operating Profit	$248.3M	$281.8M	$185.2M
YoY Change	-5.72%	52.2%	-48.6%
Interest Expense	-$107.3M	$109.8M	$7.449M
YoY Change	2704.99%	1373.84%	-17.84%
% of Operating Profit	-43.22%	38.96%	4.02%
Other Income/Expense, Net	-$103.9M	-$216.0M	$26.49M
YoY Change	-1391.3%	-915.28%	-109.23%
Pretax Income	$283.0M	$210.8M	$267.6M
YoY Change	54.09%	-21.2%	132.65%
Income Tax	$67.00M	$35.00M	$65.10M
% Of Pretax Income	23.68%	16.6%	24.33%
Net Earnings	$216.0M	$175.8M	$202.5M
YoY Change	55.07%	-13.16%	120.93%
Net Earnings / Revenue	16.45%	13.23%	30.86%
Basic Earnings Per Share	$2.17	$1.75	$2.48
Diluted Earnings Per Share	$2.15	$1.74	$2.46
COMMON SHARES
Basic Shares Outstanding	100.1M shares	101.0M shares	80.21M shares
Diluted Shares Outstanding	100.2M shares	101.3M shares	82.43M shares

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$91.88M	$52.07M	$556.1M
YoY Change	-96.6%	-90.64%	260.3%
Cash & Equivalents	$91.88M	$52.07M	$556.1M
Short-Term Investments
Other Short-Term Assets	$74.93M	$72.87M	$61.96M
YoY Change	-81.65%	17.6%	183.05%
Inventory
Prepaid Expenses
Receivables	$559.7M	$602.0M	$222.4M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$953.8M	$954.9M	$956.2M
YoY Change	-72.06%	-0.14%	41.85%
LONG-TERM ASSETS
Property, Plant & Equipment	$13.96B	$14.00B	$6.679B
YoY Change	106.83%	109.55%	5.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$129.4M	$132.9M	$5.691M
YoY Change	1281.32%	2235.09%	-55.74%
Total Long-Term Assets	$14.09B	$14.13B	$6.719B
YoY Change	108.46%	110.29%	5.65%
TOTAL ASSETS
Total Short-Term Assets	$953.8M	$954.9M	$956.2M
Total Long-Term Assets	$14.09B	$14.13B	$6.719B
Total Assets	$15.04B	$15.08B	$7.675B
YoY Change	47.88%	96.53%	9.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$229.8M	$303.3M	$97.92M
YoY Change	124.46%	209.75%	232.76%
Accrued Expenses	$695.1M	$767.6M	$14.10M
YoY Change	26.72%	5345.26%	-73.7%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.290B	$2.580B	$1.058B
YoY Change	87.52%	143.82%	-20.78%
LONG-TERM LIABILITIES
Long-Term Debt	$4.890B	$4.438B	$393.7M
YoY Change	60.39%	1027.18%	-20.0%
Other Long-Term Liabilities	$109.8M	$118.5M	$756.0M
YoY Change	-75.34%	-84.33%	34.34%
Total Long-Term Liabilities	$4.999B	$4.556B	$1.150B
YoY Change	43.1%	296.29%	8.99%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.290B	$2.580B	$1.058B
Total Long-Term Liabilities	$4.999B	$4.556B	$1.150B
Total Liabilities	$8.455B	$8.449B	$2.573B
YoY Change	65.0%	228.34%	7.39%
SHAREHOLDERS EQUITY
Retained Earnings	$1.263B	$1.227B	$1.123B
YoY Change	16.44%	9.22%	156.36%
Common Stock	$5.050M	$5.067M	$4.869M
YoY Change	3.72%	4.07%	-0.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$6.586B	$6.635B	$5.102B
YoY Change
Total Liabilities & Shareholders Equity	$15.04B	$15.08B	$7.675B
YoY Change	47.88%	96.53%	9.12%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	$216.0M	$175.8M	$202.5M
YoY Change	55.07%	-13.16%	120.93%
Depreciation, Depletion And Amortization	$521.1M	$466.8M	$201.3M
YoY Change	123.85%	131.91%	8.89%
Cash From Operating Activities	$359.6M	$812.6M	$538.8M
YoY Change	6.64%	50.79%	1.18%
INVESTING ACTIVITIES
Capital Expenditures	$533.1M	$571.6M	$281.8M
YoY Change	-16.96%	102.8%	-150.26%
Acquisitions		$833.9M	$0.00
YoY Change
Other Investing Activities	$43.24M	$0.00	-$536.0K
YoY Change	-873.89%	-100.0%	152.83%
Cash From Investing Activities	-$489.9M	-$1.313B	-$275.6M
YoY Change	-24.36%	376.26%	-46.62%
FINANCING ACTIVITIES
Cash Dividend Paid		$148.4M	$173.4M
YoY Change		-14.38%	67.36%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	170.1M	-$574.6M	-$475.2M
YoY Change	-93.08%	20.92%	308.4%
NET CHANGE
Cash From Operating Activities	359.6M	$812.6M	$538.8M
Cash From Investing Activities	-489.9M	-$1.313B	-$275.6M
Cash From Financing Activities	170.1M	-$574.6M	-$475.2M
Net Change In Cash	39.81M	-$1.075B	-$211.9M
YoY Change	-98.15%	407.1%	111.7%
FREE CASH FLOW
Cash From Operating Activities	$359.6M	$812.6M	$538.8M
Capital Expenditures	$533.1M	$571.6M	$281.8M
Free Cash Flow	-$173.5M	$241.0M	$257.0M
YoY Change	-43.07%	-6.24%	-76.49%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1329203000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	656022000	usd
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	100084095	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	100084095	shares
CY2024Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	131465000	usd
CY2023Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	45838000	usd
CY2024Q1	us-gaap	Production Tax Expense ProductionTaxExpense	101906000	usd
CY2023Q1	us-gaap	Production Tax Expense ProductionTaxExpense	52362000	usd
CY2024Q1	us-gaap	Exploration Expense ExplorationExpense	11534000	usd
CY2023Q1	us-gaap	Exploration Expense ExplorationExpense	571000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	466840000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	201303000	usd
CY2024Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	22720000	usd
CY2023Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	482000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	11199000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	7380000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	57878000	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	36858000	usd
CY2024Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	7566000	usd
CY2023Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	138000	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	902371000	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	414965000	usd
CY2024Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-109680000	usd
CY2023Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	25160000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	109786000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	7449000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-1430000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-241000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	4904000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	9023000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-215992000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	26493000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	210840000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	267550000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	35019000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	65089000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	175821000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	175821000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	202461000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	202461000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.75
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.48
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.74
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.46
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	100546000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	81719000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	101293000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	82430000	shares
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	6181321000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	488918000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	2000	usd
CY2024Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	7070000	usd
CY2024Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	66936000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	11199000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	1.45
CY2024Q1	us-gaap	Dividends Cash DividendsCash	148327000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	175821000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	6634928000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	5373919000	usd
CY2023Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	2118000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	440000	usd
CY2023Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	303455000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	7380000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	2.15
CY2023Q1	us-gaap	Dividends Cash DividendsCash	176878000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	202461000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	5101749000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	175821000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	202461000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	466840000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	201303000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	11199000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	7380000	usd
CY2024Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-109680000	usd
CY2023Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	25160000	usd
CY2024Q1	civi	Cash Settlement Gain Loss Net CashSettlementGainLossNet	-11155000	usd
CY2023Q1	civi	Cash Settlement Gain Loss Net CashSettlementGainLossNet	-10550000	usd
CY2024Q1	civi	Amortization Of Debt Issuance Costs And Deferred Business Combination Consideration AmortizationOfDebtIssuanceCostsAndDeferredBusinessCombinationConsideration	12345000	usd
CY2023Q1	civi	Amortization Of Debt Issuance Costs And Deferred Business Combination Consideration AmortizationOfDebtIssuanceCostsAndDeferredBusinessCombinationConsideration	1150000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-1430000	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Oil And Gas Property GainLossOnSaleOfOilAndGasProperty	-241000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	29994000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	45953000	usd
CY2024Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	1035000	usd
CY2023Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	8000	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-17433000	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-116079000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	812552000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	538849000	usd
CY2024Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	833902000	usd
CY2023Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2024Q1	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	0	usd
CY2023Q1	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	30824000	usd
CY2024Q1	civi	Payments To Explore And Develop Oil And Gas Properties And Other Properties PaymentsToExploreAndDevelopOilAndGasPropertiesAndOtherProperties	571577000	usd
CY2023Q1	civi	Payments To Explore And Develop Oil And Gas Properties And Other Properties PaymentsToExploreAndDevelopOilAndGasPropertiesAndOtherProperties	250389000	usd
CY2024Q1	civi	Proceeds From Sale Of Oil And Gas Property And Equipment And Other Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipmentAndOtherPropertyAndEquipment	92862000	usd
CY2023Q1	civi	Proceeds From Sale Of Oil And Gas Property And Equipment And Other Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipmentAndOtherPropertyAndEquipment	5700000	usd
CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	usd
CY2023Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	94000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1312617000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-275607000	usd
CY2024Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	300000000	usd
CY2023Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	0	usd
CY2024Q1	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	650000000	usd
CY2023Q1	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	0	usd
CY2024Q1	civi	Payments Of Financing Costs And Deferred Business Combination Consideration PaymentsOfFinancingCostsAndDeferredBusinessCombinationConsideration	1368000	usd
CY2023Q1	civi	Payments Of Financing Costs And Deferred Business Combination Consideration PaymentsOfFinancingCostsAndDeferredBusinessCombinationConsideration	0	usd
CY2024Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	148439000	usd
CY2023Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	173376000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	66936000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	300107000	usd
CY2024Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	usd
CY2023Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	440000	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	7070000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2118000	usd
CY2024Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	763000	usd
CY2023Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	0	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-574576000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-475161000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1074641000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-211919000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1126815000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	768134000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	52174000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	556215000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	2000000	usd
CY2024Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	22700000	usd
CY2023Q1	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	500000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	602000000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	506000000	usd
CY2024Q1	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	108150000	usd
CY2023Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	55750000	usd
CY2024Q1	civi	Drilling And Completion Costs Current DrillingAndCompletionCostsCurrent	227475000	usd
CY2023Q4	civi	Drilling And Completion Costs Current DrillingAndCompletionCostsCurrent	149520000	usd
CY2024Q1	civi	Accrued Crude Oil And Natural Gas Operating Expense Current AccruedCrudeOilAndNaturalGasOperatingExpenseCurrent	167414000	usd
CY2023Q4	civi	Accrued Crude Oil And Natural Gas Operating Expense Current AccruedCrudeOilAndNaturalGasOperatingExpenseCurrent	149483000	usd
CY2024Q1	civi	Accrued General And Administrative Cost Current AccruedGeneralAndAdministrativeCostCurrent	20876000	usd
CY2023Q4	civi	Accrued General And Administrative Cost Current AccruedGeneralAndAdministrativeCostCurrent	30095000	usd
CY2024Q1	civi	Accrued Merger Transaction Costs Current AccruedMergerTransactionCostsCurrent	3462000	usd
CY2023Q4	civi	Accrued Merger Transaction Costs Current AccruedMergerTransactionCostsCurrent	8796000	usd
CY2024Q1	civi	Accrued Interest Current AccruedInterestCurrent	108198000	usd
CY2023Q4	civi	Accrued Interest Current AccruedInterestCurrent	141401000	usd
CY2024Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	24273000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	30663000	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	659848000	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	565708000	usd
CY2024Q1	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	62376000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	64268000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	4437624000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	4785732000	usd
CY2024Q1	civi	Business Combination Cash Consideration Liability Current BusinessCombinationCashConsiderationLiabilityCurrent	525627000	usd
CY2023Q4	civi	Business Combination Cash Consideration Liability Current BusinessCombinationCashConsiderationLiabilityCurrent	0	usd
CY2024Q1	civi	Long Term Debt Including Business Combination Liability Current LongTermDebtIncludingBusinessCombinationLiabilityCurrent	4963251000	usd
CY2023Q4	civi	Long Term Debt Including Business Combination Liability Current LongTermDebtIncludingBusinessCombinationLiabilityCurrent	4785732000	usd
CY2024Q1	civi	Interest Expense Debt Including Capitalized Interest InterestExpenseDebtIncludingCapitalizedInterest	109800000	usd
CY2023Q1	civi	Interest Expense Debt Including Capitalized Interest InterestExpenseDebtIncludingCapitalizedInterest	7400000	usd
CY2023Q1	civi	Impairment Of Proved Properties ImpairmentOfProvedProperties	0	usd
CY2024Q1	civi	Impairment Of Proved Properties ImpairmentOfProvedProperties	0	usd
CY2023Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	336832000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	2871000	usd
CY2024Q1	civi	Asset Retirement Obligation Liabilities Incurred From Acquisitions AssetRetirementObligationLiabilitiesIncurredFromAcquisitions	40157000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	14148000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	5913000	usd
CY2024Q1	civi	Asset Retirement Obligation Discharged With Retirements And Divestitures AssetRetirementObligationDischargedWithRetirementsAndDivestitures	3949000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	367676000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	31116000	usd
CY2024Q1	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	336560000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	175821000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	175821000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	202461000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	202461000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.75
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.48
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.74
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.46
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	100546000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	81719000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	747000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	711000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	101293000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	82430000	shares
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	138448	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	138049	shares
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	25400000	usd
CY2024Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	25400000	usd
CY2024Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	594800000	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	564800000	usd
CY2024Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	1100000	usd
CY2023Q4	us-gaap	Prepaid Taxes PrepaidTaxes	9600000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	35000000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	65100000	usd
CY2024Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2023Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	5550000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2758000	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	130394000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	1328000	usd
CY2024Q1	civi	Changes In Working Capital Related To Drilling Expenditures And Property Acquisition ChangesInWorkingCapitalRelatedToDrillingExpendituresAndPropertyAcquisition	-77955000	usd
CY2023Q1	civi	Changes In Working Capital Related To Drilling Expenditures And Property Acquisition ChangesInWorkingCapitalRelatedToDrillingExpendituresAndPropertyAcquisition	14099000	usd
CY2024Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	412900000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.45
CY2024Q1	us-gaap	Dividends Common Stock DividendsCommonStock	148327000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	2.15
CY2023Q1	us-gaap	Dividends Common Stock DividendsCommonStock	176878000	usd
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001509589-24-000020-index-headers.html	Edgar Link	pending
0001509589-24-000020-index.html	Edgar Link	pending
0001509589-24-000020.txt	Edgar Link	pending
0001509589-24-000020-xbrl.zip	Edgar Link	pending
civi-20240331.htm	Edgar Link	pending
civi-20240331.xsd	Edgar Link	pending
civi-20240331_g1.jpg	Edgar Link	pending
civi-20240331_g2.jpg	Edgar Link	pending
civi-20240331_cal.xml	Edgar Link	unprocessable
civi-20240331_def.xml	Edgar Link	unprocessable
civi-20240331_htm.xml	Edgar Link	completed
ex31120240331-doyle.htm	Edgar Link	pending
ex31220240331-foschi.htm	Edgar Link	pending
ex32120240331-doyle.htm	Edgar Link	pending
ex32220240331-foschi.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
civi-20240331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
civi-20240331_lab.xml	Edgar Link	unprocessable

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$CIVI
CIVITAS RESOURCES, INC. Stock $civi

2024 Q2 Form 10-Q Financial Statement

#000150958924000020 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CIVI CIVITAS RESOURCES, INC. Stock $civi

2024 Q2 Form 10-Q Financial Statement

#000150958924000020 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CIVI
CIVITAS RESOURCES, INC. Stock $civi