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Civitas Resources (Civitas Resources) EBIT : $1,200 Mil (TTM As of Mar. 2024)


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What is Civitas Resources EBIT?

Civitas Resources's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $307 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,200 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Civitas Resources's annualized ROC % for the quarter that ended in Mar. 2024 was 11.13%. Civitas Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Civitas Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.99%.


Civitas Resources EBIT Historical Data

The historical data trend for Civitas Resources's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Civitas Resources EBIT Chart

Civitas Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 69.72 42.98 261.48 1,676.41 1,166.16

Civitas Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 272.55 189.93 240.77 462.91 306.67

Competitive Comparison of Civitas Resources's EBIT

For the Oil & Gas E&P subindustry, Civitas Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Civitas Resources's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Civitas Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Civitas Resources's EV-to-EBIT falls into.



Civitas Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,200 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Civitas Resources  (NYSE:CIVI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Civitas Resources's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1798.208 * ( 1 - 16.61% )/( (12133.921 + 14823.315)/ 2 )
=1499.5256512/13478.618
=11.13 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=14097.319 - 1670.873 - ( 1124.797 - max(0, 1851.887 - 2144.412+1124.797))
=12133.921

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15084.023 - 1885.469 - ( 52.07 - max(0, 2579.696 - 954.935+52.07))
=14823.315

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Civitas Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1226.672/( ( (11914.822 + max(-706.551, 0)) + (13995.944 + max(-1676.831, 0)) )/ 2 )
=1226.672/( ( 11914.822 + 13995.944 )/ 2 )
=1226.672/12955.383
=9.47 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(753.189 + 0 + 266.426) - (1670.873 + 4.501 + 50.792)
=-706.551

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(829.995 + 0 + 72.87) - (1885.469 + 525.627 + 168.6)
=-1676.831

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Civitas Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1200.279/12010.516
=9.99 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Civitas Resources EBIT Related Terms

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Civitas Resources (Civitas Resources) Business Description

Traded in Other Exchanges
Address
555 17th Street, Suite 3700, Denver, CO, USA, 80202
Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.
Executives
Jeffrey S Kelly officer: Chief Transformation Officer C/O CIVITAS RESOURCES, 555 17TH STREET, SUITE 3700, DENVER CO 80202
Kimmeridge Energy Management Company, Llc director, 10 percent owner, other: See Remarks 15 LITTLE WEST 12TH STREET, 5TH FLOOR, NEW YORK NY 10014
Travis L Counts officer: Chief Legal Officer & Sec. 555 17TH STREET, SUITE 3700, DENVER CO 80202
Thomas Hodge Walker officer: Chief Operating Officer 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Deborah L Byers director C/O EXCELERATE ENERGY, INC., 2445 TECHNOLOGY FOREST BLVD., LEVEL 6, THE WOODLANDS TX 77381
Van Kempen Wouter T. director 370 17TH STREET, SUITE 2500, DENVER CO 80202
Canada Pension Plan Investment Board 10 percent owner ONE QUEEN STREET EAST, STE 2500, TORONTO ONTARIO A6 0000
Sandra Garbiso officer: Vice President and CAO 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
M. Christopher Doyle officer: President & CEO 555 - 17TH STREET, SUITE 3700, DENVER CO 80022
Brian Cain officer: Chief Sustainability Officer 410-17TH STREET, SUITE 1400, DENVER CO 80202
Dean Tinsley officer: SVP, Operations 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Brant Demuth officer: EVP & Chief Financial Officer 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Paul Keglevic director STELLUS CAPITAL, 10000 MEMORIAL DRIVE STE 500, HOUSTON TX 77024
Marter Iv Cyrus D officer: SVP, General Counsel & Secy. 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Morris R Clark director CIVITAS RESOURCES, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202