Bonanza Creek: Q2 Earnings Snapshot

August 3, 2022 GMT

DENVER (AP) _ Civitas Resources, Inc. (CIVI) on Wednesday reported second-quarter net income of $468.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Denver-based company said it had net income of $5.48. Earnings, adjusted for one-time gains and costs, came to $4.63 per share.

The oil and gas company posted revenue of $1.15 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $977.9 million.

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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