** Civitas Resources falls 4.7% to $46.99 in extended trade
** Company reports Q4 adj. EPS of $1.78 vs. est. of $1.98 - data compiled by LSEG
** Operating expenses rise 23.7% from year-ago quarter
** Roth MKM analysts note company's 2025 oil output forecast was 4.4% below consensus, 2025 capex guide was 3.7% below consensus - production est of 325,000 to 335,000 boepd was 3.6% below consensus of 342,400 boepd
** Company also plans to expand Permian Basin position with a $300 mln bolt-on transaction, expected to close at end of February 2025
** Plans to fund the purchase price through additional borrowings on its revolving credit facility
** Also looks to execute new divestment target of $300 mln
** Aims to reduce 10% of workforce across all levels of organization
** Up to last close on Monday, CIVI up ~7.5% YTD
(Reporting by Seher Dareen in Bengaluru)
((Seher.Dareen@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.