Civitas Solutions (CIVI) Tops Q4 EPS by 77c
Civitas Solutions (NYSE: CIVI) reported Q4 EPS of $2.46, $0.77 better than the analyst estimate of $1.69. Revenue for the quarter came in at $510.5 million versus the consensus estimate of $407.6 million.
2022 Guidance:
2022 Company guidance reflects the closing of the Bison acquisition on March 1, 2022. The Company expects an average crude oil price differential of roughly -$6.00/Bbl relative to WTI during the year. Civitas does not expect to be a cash income taxpayer this year at the commodity prices assumed below.
2022 Guidance | Low |
| High |
D&C Capital Expenditures ($MM) | $825 | -- | $950 |
Land, Midstream & Other Capital Expenditures ($MM) | $70 | -- | $90 |
Total Production (MBoe/d) | 156 | -- | 167 |
Oil Production (MBbl/d) | 69 | -- | 75 |
% Liquids | 68%  | -- | 70% |
Lease Operating Expenses ($/Boe) | $2.50 | -- | $2.75 |
Gathering, Transportation and Processing Expenses ($/Boe) | $3.25 | -- | $3.50 |
Midstream Operating Expenses ($/Boe) | $0.50 | -- | $0.60 |
Recurring Cash G&A Expenses ($MM) | $70 | -- | $75 |
Production Taxes (% of revenue) | 8% | -- | 9% |
Note: Guidance is based on $75/Bbl WTI oil and $4.00/MMbtu Henry Hub gas. Guidance is forward-looking information that is subject to considerable change and numerous risks and uncertainties, many of which are beyond the Company’s control. See “Forward-Looking Statements” below. |
For earnings history and earnings-related data on Civitas Solutions (CIVI) click here.