Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Civitas Resources, Inc. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-35371 (State or other ...

Exhibit 99.1 Civitas Resources, Inc. Reports First Quarter 2025 Results Implementing cost optimization and operational efficiency initiatives to deliver over $100 million in annualized free cash flow DENVER — May 7, 2025 - Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its first quarter 2025 financial and operating results. A webcast and conference call to review the Company's results is planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. Participation details ...

LOS ANGELES, May 7, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Civitas Resources, Inc. ("Civitas" or "the Company") (NYSE: CIVI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics ...

诉讼案件概述 - 律师事务所Robbins Geller Rudman & Dowd LLP宣布针对Civitas Resources Inc的集体诉讼 涉及2024年2月27日至2025年2月24日期间购买或收购该公司证券的投资者 [1] - 诉讼指控Civitas Resources及其高管违反1934年证券交易法 案件编号25-cv-03791 新泽西地区法院受理 [1] 公司业务与运营 - Civitas Resources是一家勘探与生产公司 专注于从科罗拉多州Denver-Julesburg盆地及得克萨斯州和新墨西哥州的Permian盆地获取、开发和生产原油及富含液体的天然气 [2] - 2024年公司保持稳定的石油产量 并加速了"投产井"(TILs)数量 即在运营并被计入总井数的新钻井 [2] 诉讼指控内容 - 指控公司在整个诉讼期间作出虚假或误导性陈述 未披露2025年石油产量将因DJ盆地产量峰值后下降及2024年底TIL数量低而大幅减少 [3] - 指控公司增加产量需收购额外土地和开发位置 导致承担重大债务并通过出售资产抵消收购成本 [3] - 指控公司财务状况将迫使其采取包括大幅裁员在内的破坏性成本削减措施 [3] - 指控公司业务/财务前景及运营能力被夸大 [3] 财务与运营数据 - 2024年第四季度及全年财报显示收入12.9亿美元 低于共识预期344万美元 非GAAP每股收益1.78美元 低于预期0.21美元 [4] - 2025年展望包括平均日产油量15-15.5万桶 同比下滑约4% [4] - 计划以3亿美元收购Permian盆地1.9万英亩土地及130个未来开发位置 同时设定3亿美元资产剥离目标以抵消交易成本 [4] - 产量下降主因DJ盆地自然衰减 2024年底及2025年第一季度TIL数量低 以及恶劣天气和第三方处理停机 [4] - 宣布裁员10% 并终止首席运营官和首席转型官职务 消息导致股价下跌超18% [4] 律师事务所信息 - Robbins Geller Rudman & Dowd LLP是全球领先的证券欺诈和股东诉讼律师事务所 在过去五年中有四年位列ISS证券集体诉讼服务排名第一 [6] - 2024年为投资者追回超25亿美元赔偿 超过其他五家律所总和 拥有200名律师和10个办事处 [6] - 曾创下72亿美元的历史最大证券集体诉讼赔偿纪录(安然案) [6]

公司诉讼事件 - Civitas Resources Inc (NYSE: CIVI)面临集体诉讼 涉及2024年2月27日至2025年2月24日期间购买公司证券的投资者 [1] - 诉讼指控公司未披露2025年石油产量将大幅下降 主要由于DJ盆地产量在2024年第四季度达到峰值后下滑 以及2024年底TIL数量较低 [2] - 公司需通过收购额外土地和开发位置来增加产量 这将导致重大债务并需出售资产抵消收购成本 [2] - 公司财务状况将迫使其采取破坏性成本削减措施 包括大幅裁员 [2] - 2025年2月24日真相披露后 公司股价下跌8.95美元(18%) 至40.35美元/股 [2] 公司业务概况 - Civitas Resources是一家独立勘探生产公司 专注于原油和富液天然气的收购、开发和生产 [1] - 主要资产位于科罗拉多州Denver-Julesburg盆地和得克萨斯州及新墨西哥州的Permian盆地 [1] 诉讼程序信息 - 股东可在2025年7月1日前向法院提交文件申请成为首席原告 [3] - 参与集体诉讼无需支付费用 采用风险代理收费模式 [4] - Robbins LLP律所自2002年起专注于股东权利诉讼 [4]

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Civitas Resources, Inc. (“Civitas Resources” or the “Company”) (NYSE: CIVI) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired Civitas Resources securities between February 27, 2024 and February 24, 2025, both dates inclusive (the “Clas ...

诉讼案件概述 - Civitas Resources面临集体诉讼，指控其在2024年2月27日至2025年2月24日期间违反《1934年证券交易法》[1] - 诉讼指控公司高管在Class Period内作出虚假或误导性陈述，并隐瞒关键运营与财务风险[3] 公司业务与运营情况 - 公司专注于科罗拉多州Denver-Julesburg盆地及得克萨斯州、新墨西哥州Permian盆地的原油与富液天然气勘探开发[2] - 2024年公司维持稳定原油产量并加速新钻井（TILs）投产，横跨DJ与Permian盆地[2] 指控核心内容 - 公司未披露2025年原油产量将因DJ盆地产量峰值后自然衰减及2024年末TIL数量不足而显著下降[3] - 增产需通过收购新地块实现，将导致债务激增并被迫出售资产抵消成本[3] - 财务状况迫使公司实施10%全员裁员并解雇首席运营官与首席转型官[4] 财务数据与市场反应 - 2024年Q4营收12.9亿美元，低于共识预期344万美元，非GAAP每股收益1.78美元，低于预期0.21美元[4] - 2025年产量指引为日均15-15.5万桶，同比下滑4%，主因DJ盆地产量衰减及Q1恶劣天气影响[4] - 宣布3亿美元Permian盆地收购计划及3亿美元资产剥离目标以平衡交易成本[4] - 财报发布后股价单日跌幅超18%[4] 法律程序信息 - 投资者可在2025年7月1日前申请成为首席原告，主导集体诉讼进程[1][5] - 首席原告需为遭受重大损失且符合典型性要求的投资者，有权选择代理律所[5]

PHILADELPHIA, May 5, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Civitas Resources, Inc. ("Civitas" or the "Company") (NYSE: CIVI) on behalf of purchasers of Civitas securities between February 27, 2024 through February 24, 2025, inclusive (the "Class Period").Investor Deadline: Investors who purchased or acquired Civitas securities during the Class Period may, no later than JULY 1, 2025, seek to be appointed as a lead plaintiff rep ...

ATLANTA, May 05, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding Civitas’s business, operations, and prospects, including allegations that: (i) Civitas was highly likely to significantly reduce its oil production in 2025 as a result of, among other things, d ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI) and certain officers.   The class action, filed in the United States District Court for the District of New Jersey, and docketed under 25-cv- 03791, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Civitas securities between February 27, 2024 and February ...