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Civitas Resources (Civitas Resources) Scaled Net Operating Assets : 0.78 (As of Mar. 2024)


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What is Civitas Resources Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Civitas Resources's operating assets for the quarter that ended in Mar. 2024 was $15,032 Mil. Civitas Resources's operating liabilities for the quarter that ended in Mar. 2024 was $4,011 Mil. Civitas Resources's Total Assets for the quarter that ended in Dec. 2023 was $14,097 Mil. Therefore, Civitas Resources's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.78.


Civitas Resources Scaled Net Operating Assets Historical Data

The historical data trend for Civitas Resources's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Civitas Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.99 0.87 4.19 0.75 1.26

Civitas Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Scaled Net Operating Assets 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 0.63 0.71 0.96 0.78 0.78

Competitive Comparison of Civitas Resources's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Civitas Resources's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Civitas Resources's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Civitas Resources's Scaled Net Operating Assets falls into.



Civitas Resources Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Civitas Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(12972.522-2954.305)/7971.399
=1.26

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14097.319 - 1124.797
=12972.522

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7915.998 - 4835.972 - 125.721
=2954.305

Civitas Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(15031.953-4011.471)/14097.319
=0.78

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15084.023 - 52.07
=15031.953

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8449.095 - 4437.624 - 0
=4011.471

* 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 Scaled Net Operating Assets Related Terms

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Civitas Resources (Civitas Resources) Business Description

Industry
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