Welcome to our dedicated page for Civitas Resources news (Ticker: CIVI), a resource for investors and traders seeking the latest updates and insights on Civitas Resources stock.
Civitas Resources Inc. (CIVI) maintains this comprehensive news hub for stakeholders tracking developments from Colorado's largest pure-play oil and gas producer. Access verified updates about operational milestones, financial performance, and sustainability initiatives in the Denver-Julesburg Basin.
This resource consolidates essential information for monitoring Civitas' strategic execution, including production updates from the Niobrara/Codell formations, environmental stewardship programs, and community engagement efforts. Investors will find timely disclosures about earnings results, capital allocation decisions, and operational efficiencies driven by horizontal drilling expertise.
All content undergoes strict verification to ensure alignment with corporate communications standards. The curated news flow enables stakeholders to track Civitas' progress in balancing energy production with emission reduction goals while maintaining its position as Colorado's premier DJ Basin operator.
Bookmark this page for direct access to Civitas Resources' official updates, including analysis of commodity market impacts, infrastructure developments, and regulatory compliance achievements. Check regularly for new insights into the company's low-cost production model and community partnership programs.
SM Energy (NYSE: SM) and Civitas (NYSE: CIVI) provided additional details on their planned merger, including post-close leadership and board composition, targeted divestitures, expected synergies, and upcoming investor conference participation.
The combined company will have an 11-member board (6 SM, 5 Civitas) with Julio Quintana as non-executive chair and a management team led by Beth McDonald as CEO. Management targets at least $1.0 billion of divestiture proceeds within the first year.
Identified annual synergies of $200 million (upside to $300 million), NPV-10 of $1.0–$1.5 billion (22%–32% of pro-forma market cap), with at least $200 million realized in 2027. S&P and Fitch placed SM on CreditWatch/Ratings Watch Positive. Multiple investor conference presentations scheduled in Nov–Dec 2025.
Civitas Resources (NYSE: CIVI) reported strong third quarter 2025 results ahead of its cancelled Nov 7 earnings call due to a pending merger with SM Energy (NYSE: SM).
Key metrics: Net income $177M, Operating cash flow $860M, Adjusted EBITDAX $855M, Adjusted free cash flow $254M, production 336 MBoe/d (158 MBbl/d oil), capital expenditures $491M, and liquidity $2.2B.
Actions: reduced net debt by $237M, completed a $250M accelerated share repurchase (~8% outstanding), closed two DJ Basin divestments, added >2M barrels of oil hedges, and declared a $0.50 quarterly dividend payable Dec 29, 2025.
SM Energy (NYSE: SM) and Civitas Resources (NYSE: CIVI) agreed to an all‑stock merger to create a combined company with an enterprise value of approximately $12.8 billion. Under the deal each Civitas share will be exchanged for 1.45 SM shares, issuing ~126.3 million SM shares; pro forma ownership will be ~48% SM / 52% Civitas. The combined company will hold ~823,000 net acres and pro forma Q2 2025 production of 526 MBoe/d. Pro forma full‑year 2025 consensus free cash flow exceeds $1.4 billion. Identified annual synergies of $200 million (upside to $300M) and a sustainable quarterly fixed dividend of $0.20 per share were announced. Transaction expected to close in Q1 2026.
Civitas Resources (NYSE: CIVI) will release third quarter 2025 operating and financial results after market close on Thursday, November 6, 2025. A conference call and webcast are scheduled for 7:00 a.m. MT (9:00 a.m. ET) on Friday, November 7, 2025 to discuss results.
Participants can join by phone at 888-510-2535 using passcode 4872770. A live webcast and replay will be available on the company's Investor Relations website at www.civitasresources.com.
Civitas Resources (NYSE: CIVI) has announced a significant reinstatement of its capital return program, with the Board increasing share repurchase authorization to $750 million, representing 28% of current market capitalization. The company plans a $250 million accelerated share repurchase (ASR) agreement and will maintain its $2 per share annual base dividend.
The company has implemented strategic measures including a $150 million reduction in capital expenditure, hedging 60% of oil through 2025, issuing $750 million in Senior Notes, launching a $100 million cost optimization project, and completing $435 million in non-core asset divestments. Net debt is expected to reach $4.5 billion by year-end 2025.
Civitas Resources (NYSE: CIVI) reported strong Q2 2025 results and announced significant strategic moves. The company achieved net income of $124 million and Adjusted EBITDAX of $749 million for the quarter, with oil production reaching 149 MBbl/d.
Key developments include: $435 million in non-core DJ Basin asset divestments at over 4x EBITDAX multiple, reinstatement of capital return program with $750 million share repurchase authorization including a planned $250 million accelerated share repurchase, and a quarterly dividend of $0.50 per share. The company is on track with cost optimization efforts, targeting $40 million in savings for 2025 and $100 million for 2026.
Q3 2025 guidance projects oil volumes of 154-160 MBbl/d with capital expenditures of $460-500 million.
Civitas Resources (NYSE: CIVI) announced a significant leadership transition, with Board Chair Wouter van Kempen appointed as Interim CEO, replacing departing CEO Chris Doyle. Howard A. Willard III will temporarily serve as Board Chair during the transition period.
Van Kempen brings over 20 years of leadership experience in the energy industry and has been a board member since February 2023. The Board is actively searching for a permanent CEO, after which van Kempen is expected to return to his role as Board Chair.
The interim CEO emphasized his commitment to transforming Civitas into a world-class energy company by focusing on strengthening performance culture, disciplined execution, and cost efficiency to maximize shareholder value.
Civitas Resources (NYSE:CIVI) has released its 2025 Corporate Sustainability Report, highlighting significant environmental and safety achievements. The company reported a 5.7% reduction in Scope 1 greenhouse gas emissions compared to 2023, progressing toward its 40% reduction target by 2030.
Key accomplishments include maintaining carbon neutrality and zero routine flaring in the DJ Basin, achieving a Total Recordable Incident Rate of 0.25, and setting ambitious pneumatic reduction targets of 80% by 2025 in the DJ Basin and 65% by 2030 in the Permian Basin. The company also plans to expand its carbon neutrality pledge to Permian Basin assets in 2026 and establish new methane intensity targets in 2025.
Civitas Resources (NYSE:CIVI) has announced its upcoming second quarter 2025 earnings release and conference call schedule. The company will release its Q2 2025 operating and financial results after market close on Wednesday, August 6, 2025.
A conference call and webcast will be held the following day on Thursday, August 7, 2025, at 6:00 a.m. MT (8:00 a.m. ET). Investors can access the call using the dial-in number 888-510-2535 with passcode 4872770. The event will be available via webcast on the company's Investor Relations website, with a replay option available afterward.
Civitas Resources (NYSE: CIVI) has announced the pricing of an upsized private placement of $750 million in aggregate principal amount of new senior notes. The notes will carry a 9.625% interest rate and are due in 2033. The offering, expected to close on June 3, 2025, is being made to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
The company plans to use the net proceeds to repay a portion of its outstanding borrowings under its revolving credit facility. The notes will not be registered under the Securities Act and are being offered through an exemption from registration requirements.
FAQ
What is the current stock price of Civitas Resources (CIVI)?
What is the market cap of Civitas Resources (CIVI)?
