Civitas Resources Inc 2025年季度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company,” and “emerging growth company” in Rule12b-2 of theExchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).☐Yes☒No As of May6, 2025, the registrant had92,579,894shares of common stock outstanding. PartI.Financial Information Item1.FinancialStatements (Unaudited)Condensed Consolidated Balance Sheets as ofMarch31, 2025 and December31, 2024Condensed Consolidated Statements of Operations for theThree Months Ended March 31, 2025 PartII.Other Information Item 1.Legal ProceedingsItem 1A.Risk Factors Information Regarding Forward-Looking Statements This Quarterly Report on Form10-Q contains various statements, including those that express belief, expectation orintention, as well as those that are not statements of historic fact, that are forward-looking statements within the meaning ofSection27A of the Securities Act of 1933, as amended, and Section21E of the Securities and Exchange Act of 1934, as amended (the“Exchange Act”). When used in this Quarterly Report on Form10-Q, the words “could,” “believe,” “anticipate,” “intend,” “estimate,”“expect,” “may,” “continue,” “predict,” “potential,” “project,” “plan,” “will,” and similar expressions are intended to identify forward- Forward-looking statements include statements related to, among other things: •our business strategies; •reserves estimates; •estimated sales volumes; •the amount and allocation of forecasted capital expenditures and plans for funding capital expenditures and operatingexpenses; •our ability to modify future capital expenditures;•anticipated costs; •compliance with debt covenants; •our ability to fund and satisfy obligations related to ongoing operations; •compliance with government regulations, including those related to climate change as well as environmental, health, andsafety regulations and liabilities thereunder; •our ability to achieve, reach, or otherwise meet initiatives, plans, or ambitions with respect to environmental, social, andgovernance matters; •the adequacy of gathering systems and continuous improvement of such gathering systems; •the impact from the lack of available gathering systems and processing facilities in certain areas; •crude oil, natural gas, and natural gas liquids (“NGL”) prices and factors affecting the volatility of such prices; •the ability to use derivative instruments to manage commodity price risk and ability to use such instruments in the future; •our drilling inventory and drilling intentions; •the impact of potentially disruptive technologies; •the timing and success of specific projects; •our implementation of standard and long reach laterals; •our intention to continue to optimize enhanced completion techniques and well design changes; •stated working interest percentages; •our management and technical team; •outcomes and effects of litigation, claims, and disputes;•our ability to replace crude oil and natural gas reserves;•our ability to convert proved undeveloped reserves to producing properties within five years of their initial provedbooking; •existing or potential future capital allocation initiatives such as repurchases of our equity or debt securities or repaymentsof other outstanding debt, paying dividends on our common stock at their current level or at all, or additionalmechanisms to return excess capital to our stockholders;•the impact of the loss of a single customer or any purchaser of our products;•the timing and ability to meet certain volume commitments related to purchase and transportation agreements;•the impact of customary royalty interests, overriding royalty interests, obligations incident to operating agreements, liensfor current taxes, and other industry-related constraints;•our anticipated financial position, including our cash flow and liquidity; •the adequacy of our insurance; •plans and expectations with respect to our recent acquisitions and the anticipated impact of the recent acquisitions on ourresults of operations, financial position, future growth op