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On February 24, 2025, Civitas announced its financial results for the fourth quarter and full year 2024, including both revenue and non-GAAP EPS that missed consensus estimates. Civitas also announced a 10% reduction in its workforce across all levels and the termination of its Chief Operating and Chief Transformation Officers, effective immediately.
Civitas’s stock price fell 18.15% following this news, closing at $40.35 per share on February 25, 2025.