CIVI · As filed with the SEC
Civitas Resources income statement, by fiscal year
The statement as Civitas Resources presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD thousands, except per-share amounts; shares in thousands
| USD thousands, except per-share amounts; shares in thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Apr 28, 2017 |
|---|---|---|---|---|---|---|---|---|
| Operating net revenues: | ||||||||
| Crude oil, natural gas, and NGL sales | 5,206,808 | 3,479,240 | 3,791,398 | 930,614 | 218,090 | 313,220 | 276,657 | — |
| Midstream operating expense | 4,400 | — | — | — | — | — | — | — |
| Crude Oil, Natural Gas, And Natural Gas Liquids | 5,202,408 | — | — | — | — | — | — | — |
| Operating expenses: | ||||||||
| Lease operating expense | 577,837 | 301,288 | 169,986 | 52,391 | 21,957 | 25,249 | 34,825 | — |
| Midstream operating expense | 48,038 | 45,080 | 31,944 | 17,426 | 14,948 | 12,014 | 10,788 | — |
| Gathering, transportation, and processing | 377,678 | 290,645 | 287,474 | 64,507 | 16,932 | 16,682 | 9,732 | — |
| Severance and ad valorem taxes | 377,388 | 276,535 | 305,701 | 65,113 | 3,787 | 25,598 | 18,999 | — |
| Exploration | 14,322 | 2,178 | 6,981 | 7,937 | 596 | 797 | 291 | — |
| Depreciation, depletion, and amortization | 2,056,427 | 1,171,192 | 816,446 | 226,931 | 91,242 | 76,453 | 41,883 | — |
| Abandonment and impairment of unproved properties | 0 | 0 | 17,975 | 57,260 | 37,343 | 11,201 | 0 | — |
| Abandonment and impairment of unproved properties | — | — | — | — | — | — | 5,271 | — |
| Unused commitments | — | — | — | — | — | — | 21 | — |
| Contract settlement expense | — | — | — | — | — | — | 0 | — |
| Unused commitments | — | — | — | — | 0 | 0 | — | — |
| Unused commitments | — | — | 3,641 | 7,692 | — | — | — | — |
| Bad debt expense (recovery) | — | — | (950) | 607 | 818 | — | — | — |
| Transaction costs | 31,419 | 84,328 | 24,683 | 43,555 | 6,676 | — | — | — |
| General and administrative expense | 226,965 | 161,077 | 143,477 | 65,132 | 34,936 | 39,668 | 42,453 | — |
| Other operating expense | 17,330 | 7,437 | — | — | — | — | — | — |
| Total operating expenses | 3,727,404 | 2,339,760 | 1,807,358 | 608,551 | 229,235 | 207,662 | 164,263 | — |
| Income (loss) from operations | — | — | — | — | — | — | 112,394 | — |
| Other income (expense): | ||||||||
| Derivative gain (loss), net | 37,490 | 9,307 | (335,160) | (60,510) | 53,462 | (37,145) | 30,271 | — |
| Interest expense, net | — | — | — | (9,700) | (2,045) | — | — | — |
| Interest expense | — | (182,740) | (32,199) | — | — | (2,650) | (2,603) | — |
| Interest expense | (456,303) | — | — | — | — | — | — | — |
| Gain (loss) on property transactions, net | (2,566) | (254) | 15,880 | 1,932 | (1,398) | 1,177 | 27,324 | — |
| Reorganization items, net (note 15) | — | — | — | — | — | 0 | 0 | — |
| Gain on termination fee | — | — | — | — | — | — | 0 | — |
| Other income | 24,670 | 33,661 | 21,217 | (2,006) | 4,107 | 127 | 800 | — |
| Total other expense | (396,709) | (140,026) | (330,262) | (70,284) | 54,126 | (38,491) | 55,792 | — |
| Income from operations before income taxes | 1,082,695 | 999,454 | 1,653,778 | 251,779 | 42,981 | 67,067 | 168,186 | — |
| Current income tax benefit (expense) (note 9) | — | — | — | — | — | 0 | 0 | — |
| Deferred income tax benefit (note 10) | — | — | — | — | — | — | 0 | — |
| Income tax expense | (243,972) | (215,166) | (405,698) | (72,858) | 60,547 | — | — | — |
| Net income, basic | 838,723 | 784,288 | 1,248,080 | 178,921 | 103,528 | 67,067 | 168,186 | — |
| Net income, diluted | 838,723 | 784,288 | 1,248,080 | — | — | — | — | — |
| Comprehensive income | — | — | 1,248,080 | 178,921 | 103,528 | 67,067 | 168,186 | — |
| Earnings per common share | ||||||||
| Basic (in dollars per share) | 8.48 | 9.09 | 14.68 | 4.82 | 4.98 | 3.25 | 8.20 | — |
| Diluted (in dollars per share) | 8.46 | 9.02 | 14.58 | 4.74 | 4.95 | 3.24 | 8.16 | — |
| Weighted-average common shares outstanding: | ||||||||
| Basic (in shares) | 98,865 | 86,240 | 85,005 | 37,155 | 20,774 | 20,612 | 20,507 | — |
| Diluted (in shares) | 99,176 | 86,988 | 85,604 | 37,746 | 20,912 | 20,681 | 20,603 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.