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.
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.
Civitas Resources (NYSE: CIVI) has announced plans to offer $500 million in senior unsecured notes due 2032 through a private placement to qualified institutional buyers under Rule 144A and Regulation S. The company intends to use the proceeds to repay a portion of its outstanding revolving credit facility borrowings.
The notes will not be registered under the Securities Act and can only be offered to qualified institutional buyers or non-U.S. persons outside the United States. The offering is subject to market conditions and applicable securities laws.
Civitas Resources (NYSE: CIVI) has appointed Clay Carrell as its new President and Chief Operating Officer, effective immediately. Carrell brings over 35 years of energy industry experience, most recently serving as Executive Vice President & COO of Southwestern Energy until its merger with Chesapeake Energy. Previously, he held executive positions at EP Energy and El Paso Corporation, and worked at ARCO Oil and Gas Company, Burlington Resources, and Peoples Energy Production.
CEO Chris Doyle highlighted Carrell's proven leadership in managing multi-basin development programs and implementing best practices to reduce costs and enhance margins. Carrell, who holds a bachelor's degree in Petroleum Engineering from Texas A&M University, expressed enthusiasm about maximizing value from Civitas's development programs in the Permian and DJ Basins.
Civitas Resources (NYSE: CIVI) has announced it will release its first quarter 2025 operating and financial results after market close on Wednesday, May 7, 2025. The company will host a conference call and webcast the following day on Thursday, May 8, 2025, at 6:30 a.m. MT (8:30 a.m. ET). Investors can access the call using the dial-in number 888-510-2535 with passcode 4872770. A live webcast and replay will be available on the company's Investor Relations website.
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