DENVER (AP) — DENVER (AP) — Civitas Resources, Inc. (CIVI) on Thursday reported third-quarter earnings of $177 million.
The Denver-based company said it had net income of $1.99 per share. Earnings, adjusted for non-recurring gains, came to $1.93 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The oil and gas company posted revenue of $1.17 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $1.18 billion.
_____
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
