Latest news with #Civitas
Business Wire
15-07-2025
- Business
- Business Wire
Civitas Resources, Inc. Schedules Second Quarter 2025 Conference Call and Webcast
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) ('Civitas' or the 'Company'), today announced plans to release its second quarter 2025 operating and financial results after market close on Wednesday, August 6, 2025. A conference call and webcast are planned for 6:00 a.m. MT (8:00 a.m. ET) on Thursday, August 7, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the Permian Basin in Texas and New Mexico and the DJ Basin in Colorado. Civitas' proven business model to maximize shareholder returns is focused on four key strategic pillars: generating significant free cash flow, maintaining a premier balance sheet, returning capital to shareholders, and demonstrating ESG leadership. For more information about Civitas, please visit
Business Wire
01-07-2025
- Business
- Business Wire
Civitas Deadline Today: Rosen Law Firm Urges Civitas Resources, Inc. (NYSE: CIVI) Stockholders with Losses in Excess of $100K to Contact the Firm for Information About Their Rights
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action lawsuit on behalf of purchasers of Civitas Resources, Inc. (NYSE: CIVI) securities between February 27, 2024 and February 24, 2025, both dates inclusive (the 'Class Period'). Civitas describes itself in part as an 'independent exploration and production company focused on the acquisition, development and production of crude oil and liquids-rich natural gas[.]' For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations that Civitas Resources, Inc. (NYSE: CIVI) Misled Investors Regarding its Business Operations. According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) Civitas was highly likely to significantly reduce its oil production in 2025 as a result of, among other things, declines following the production peak at the DJ Basin in the fourth quarter of 2024 and a low TIL count at the end of 2024; (2) increasing its oil production would require Civitas to acquire additional acreage and development locations, thereby incurring significant debt and causing Civitas to sell corporate assets to offset its acquisition costs; (3) Civitas' financial condition would require it to implement disruptive cost-reduction measures including a significant workforce reduction; (4) accordingly, Civitas's business and/or financial prospects, as well as its operational capabilities, were overstated; and (5) as a result, the Civitas' public statements were false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. What Now: You may be eligible to participate in the class action against Civitas Resources, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by July 1, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome.
Business Wire
30-06-2025
- Business
- Business Wire
Deadline Soon: Civitas Resources, Inc. (CIVI) Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz reminds investors of the upcoming July 1, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Civitas Resources, Inc. ('Civitas' or the 'Company') (NYSE: CIVI) securities between , inclusive (the 'Class Period'). IF YOU ARE AN INVESTOR WHO LOST MONEY ON CIVITAS RESOURCES, INC. (CIVI), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT. What Happened? On February 24, 2025, Civitas released its fourth quarter and full year 2024 financial results, significantly missing consensus estimates in revenue and non-GAAP earnings per share, as well as reporting a net income on $151.1 million, compared to $302.9 million the previous year, and interest expense of $456.3 million. Additionally, the Company released a disappointing 2025 outlook, stating that '[f]irst quarter [2025] oil volumes are expected to be the low point for the year, averaging 140 to 145 MBbl/d, mostly as a result of few TILs in late 2024 and early 2025,' and that, compared to the fourth quarter of 2024, 'lower volumes are primarily driven by the DJ Basin, due to natural declines following peak production in the fourth quarter, a low TIL count exiting 2024 and in the first quarter of 2025,' as well as severe winter weather and unplanned third-party processing downtime in the first quarter. The Company also announced a 10% reduction in workforce to 'solidify the Company's low-cost structure.' Further, Civitas disclosed the termination of its Chief Operating Officer and its Chief Transformation Officer, effective immediately. On this news, Civitas' stock price fell $8.95, or 18.2%, to close at $40.35 per share on February 25, 2025, thereby injuring investors. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Civitas was highly likely to significantly reduce its oil production in 2025 as a result of, inter alia, declines following the production peak at the DJ Basin in the fourth quarter of 2024 and a low TIL count at the end of 2024; (2) increasing its oil production would require the Company to acquire additional acreage and development locations, thereby incurring significant debt and causing the Company to sell corporate assets to offset its acquisition costs; (3) the Company's financial condition would require it to implement disruptive cost reduction measures including a significant workforce reduction; (4) accordingly, Civitas's business and/or financial prospects, as well as its operational capabilities, were overstated; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired Civitas securities between February 27, 2024 and February 24, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is July 1, 2025. Contact Us To Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us: Frank R. Cruz The Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Century City, California 90067 Email us at: info@ Call us at: 310-914-5007 Visit our website at Follow us for updates on Twitter: If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Times
25-06-2025
- Politics
- Times
Scrap ‘absurd' non-crime hate incidents, report says
Non-crime hate incidents should be scrapped because officers' time is being wasted on 'policing online ideological disputes' instead of tackling crime, a report has concluded. Civitas, a think tank working on social policy and democracy-related issues, claimed the government's hate crime policy is 'amplifying a hierarchical approach' in respect to diverse faith groups. The report said an 'inordinate focus of policing and security' for some Muslim and Jewish groups meant there had been no formal adoption of hate crime definitions for Christians, Buddhists, Hindus and Sikhs by the government, political parties, local councils and universities. Non-crime hate incidents (NCHIs) were introduced in 2014 after recommendations made in the wake of the racist murder of Stephen Lawrence. They are defined as an incident that falls below the criminal threshold but help police forces to develop intelligence on situations that could escalate into more serious harm or heightened community tensions. But increasingly they have been used to record petty arguments and trivial online spats, and critics claim they are stifling freedom of speech. • How to reclaim the streets from crime, by a police chief with a plan Hardeep Singh, the author of the report named The Many Tiers of British Justice, published on Thursday, said: 'It's time non-crime hate incidents are abandoned. Some activist groups continue to weaponise them against their political opponents,' he said. 'We've seen the most absurd incidents being recorded by the police over the years [and] precious police resources should not be drained by policing online ideological disputes.' The Times revealed in November that a nine-year-old was subject to an NCHI after calling a classmate a 'retard'. It was among at least 13,200 NCHIs logged by 45 police forces in the year to June last year. This month one of Britain's most senior police officers called for NCHIs to be abandoned. Sir Stephen Watson, the chief constable of Greater Manchester, said the 'policy has passed its sell-by date' during a question and answer session at the Policy Exchange think tank event. Singh added: 'It's encouraging to hear senior police officers taking a stand on this issue. My report emphasises the importance of the public's Article 10 rights when it comes to freedom of expression.' In April the Tories sought an amendment to Labour's Crime and Policing Bill to block police forces from keeping records on individuals who have not broken the law but are accused of expressing views or behaviour deemed offensive towards someone. Chris Philp, the shadow home secretary, said: 'The growing numbers, and misuse, of NCHIs represents a serious moral and legal crisis that must urgently be tackled. Innocent people have been targeted by the state simply for expressing lawful views — that must end.' • Police chief demands complete rethink on non-crime hate incidents The College of Policing, which sets standards for law enforcement, is working with the National Police Chiefs' Council on a review of NCHIs. It is due later this year. The Civitas report also explored the 'two-tier justice' row which could have led to criminals getting different sentences depending on their age, sex and ethnicity, and the police response to last summer's riots. A toxic mix of online misinformation and far-right agitators triggered widespread disorder in parts of Britain after three girls were murdered at a Taylor Swift-themed dance class in Southport on July 29. Elon Musk, the billionaire owner of X, fuelled claims that police were more heavy-handed with protesters on the right of the political spectrum than the left. Police chiefs rejected the accusations and warned they were putting frontline officers at risk. In April the home affairs committee, a cross-party group of MPs, found the police response to the riots that swept the country last summer was 'entirely appropriate'. The report also said claims of two-tier policing were 'baseless'.
Business Upturn
22-06-2025
- Business
- Business Upturn
CIVI FRAUD ALERT: Civitas Resources, Inc. Investors are Reminded of Ongoing Securities Fraud Class Action — Contact BFA Law by July 1 Legal Deadline (NYSE:CIVI)
NEW YORK, June 22, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Civitas Resources, Inc. (NYSE: CIVI) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Civitas you are encouraged to obtain additional information by visiting Investors have until July 1, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Civitas securities. The case is pending in the U.S. District Court for the District of New Jersey and is captioned Lin v. Civitas Resources., et al. , No. 25-cv-03791. Why was Civitas Sued for Securities Fraud? Civitas is an oil and gas exploration and production company with its key assets located in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico. The complaint alleges that Civitas stated that both basins had 'enhanced recovery potential' and that it had 'driven production ahead of plans,' while touting 'enhanced margins through reduced operating costs' and insisting that 'costs are below expectations.' In truth, the Company's oil production peaked in 2024, and increasing production would require Civitas to spend significant capital to acquire additional land, driving up costs. The Stock Declines as the Truth is Revealed On February 24, 2025, Civitas announced disappointing Q4 and full year 2024 results, and reduced its oil production guidance. The Company explained that oil production had peaked and it would need to spend hundreds of millions of dollars to acquire thousands of acres of new land to produce more oil. Civitas also announced that it was implementing a 10% reduction in its workforce to 'solidify the Company's low-cost structure.' On the same day, Civitas announced the immediate firings of its Chief Operating Officer and Chief Transformation Officer. On this news, the price of Civitas stock declined more than 18%, from a closing price of $49.30 per share on February 24, 2025, to $40.35 per share on February 25, 2025. Click here if you suffered losses: What Can You Do? If you invested in Civitas you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact:Ross Shikowitz [email protected] 212-789-3619
