CIVI (Civitas Resources) Gross Margin % : 42.55% (As of Jun. 2024)

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What is Civitas Resources Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Civitas Resources's Gross Profit for the three months ended in Jun. 2024 was $559 Mil. Civitas Resources's Revenue for the three months ended in Jun. 2024 was $1,313 Mil. Therefore, Civitas Resources's Gross Margin % for the quarter that ended in Jun. 2024 was 42.55%.

Warning Sign:

Civitas Resources Inc gross margin has been in long-term decline. The average rate of decline per year is -1.6%.

The historical rank and industry rank for Civitas Resources's Gross Margin % or its related term are showing as below:

CIVI' s Gross Margin % Range Over the Past 10 Years
Min: -9.79 Med: 53.2 Max: 65.56
Current: 46.38

During the past 9 years, the highest Gross Margin % of Civitas Resources was 65.56%. The lowest was -9.79%. And the median was 53.20%.

CIVI's Gross Margin % is ranked better than
73.12% of 904 companies
in the Oil & Gas industry
Industry Median: 27.72 vs CIVI: 46.38

Civitas Resources had a gross margin of 42.55% for the quarter that ended in Jun. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Civitas Resources was -1.60% per year.

Civitas Resources Gross Margin % Historical Data

The historical data trend for Civitas Resources's Gross Margin % 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.

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Civitas Resources Gross Margin % Chart

Civitas Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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58.37

33.48

61.18

65.56

48.03

Civitas Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Gross Margin %	Get a 7-Day Free Trial															45.16	51.32	45.23	47.28	42.55

Competitive Comparison of Civitas Resources's Gross Margin %

For the Oil & Gas E&P subindustry, Civitas Resources's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Civitas Resources's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Civitas Resources's Gross Margin % falls into.

Civitas Resources Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Civitas Resources's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1671	/	3479.24
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3479.24 - 1808.205)	/	3479.24
	=	48.03 %

Civitas Resources's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	558.6	/	1312.694
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1312.694 - 754.104)	/	1312.694
	=	42.55 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Civitas Resources (NYSE:CIVI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Civitas Resources had a gross margin of 42.55% for the quarter that ended in Jun. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Civitas Resources Gross Margin % Related Terms

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Civitas Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Civitas Resources Inc (NYSE:CIVI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

B2C:Germany

Address

555 17th Street, Suite 3700, Denver, CO, USA, 80202

Website

https://www.civitasresources.com

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

Canada Pension Plan Investment Board	10 percent owner	ONE QUEEN STREET EAST, STE 2500, TORONTO ONTARIO A6 0000
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
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