• Civitas Resources average ebitda margin for 2023 was 69.12%, a 2.74% decline from 2022.
• Civitas Resources average ebitda margin for 2022 was 71.07%, a 28.22% decline from 2021.
• Civitas Resources average ebitda margin for 2021 was 55.43%, a 35.43% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.