Below are the financial statements of Civitas Resources, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 75.83a | 1,124.8a |
| Accounts receivable, net | — | — |
| Crude oil and natural gas sales | 646.29a | 505.96a |
| Joint interest and other | 125.05a | 247.23a |
| Derivative assets | 66.52a | 35.19a |
| Deposits for acquisitions | 0a | 163.16a |
| Prepaid expenses and other | 74.64a | 68.07a |
| Total current assets | 988.32a | 2,144.41a |
| Property and equipment (successful efforts method) | — | — |
| Proved properties | 16,897.07a | 12,738.57a |
| Less: accumulated depreciation, depletion, and amortization | -4,287.75a | -2,339.54a |
| Total proved properties, net | 12,609.32a | 10,399.03a |
| Unproved properties | 630.73a | 821.94a |
| Wells in progress | 505.56a | 536.86a |
| Other property and equipment, net | 48.76a | 62.39a |
| Total property and equipment, net | 13,794.36a | 11,820.22a |
| Derivative assets | 17.04a | 8.23a |
| Other noncurrent assets | 144.41a | 124.46a |
| Total assets | 14,944.12a | 14,097.32a |
| Current liabilities | — | — |
| Accounts payable and accrued expenses | 560.89a | 565.71a |
| Production taxes payable | 322.98a | 421.05a |
| Crude oil and natural gas revenue distribution payable | 702.13a | 766.12a |
| Derivative liability | 22.18a | 18.1a |
| Deferred acquisition consideration | 478.75a | 0a |
| Other liabilities | 118.17a | 80.92a |
| Total current liabilities | 2,205.09a | 1,851.89a |
| Long-term liabilities | — | — |
| Debt, net | 4,493.53a | 4,785.73a |
| Ad valorem taxes | 294.06a | 307.92a |
| Derivative liability | 13.02a | 0a |
| Deferred income tax liabilities, net | 800.55a | 564.78a |
| Asset retirement obligations | 399a | 305.72a |
| Other long-term liabilities | 110.12a | 99.96a |
| Total liabilities | 8,315.37a | 7,916a |
| Stockholders’ equity | — | — |
| Preferred stock | 0a | 0a |
| Common stock | 5.01a | 5a |
| Additional paid-in capital | 5,095.3a | 4,964.45a |
| Retained earnings | 1,528.44a | 1,211.87a |
| Total stockholders’ equity | 6,628.75a | 6,181.32a |
| Total liabilities and stockholders’ equity | 14,944.12a | 14,097.32a |
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