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Civitas Resources, Inc. - $CIVI STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Civitas Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Civitas Resources's position in the market.

Rhea-AI Summary
Civitas Resources, Inc. (NYSE: CIVI) Announces Q3 2023 Results, Fixed-plus-Variable Dividend, and Key Leadership Additions
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.54%
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-
Rhea-AI Summary
Civitas Resources, Inc. announces plans to release third quarter 2023 results
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Rhea-AI Sentiment
End-of-Day
0.81%
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-
Rhea-AI Summary
Civitas Resources, Inc. announces private placement to fund pending acquisition.
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End-of-Day
-0.69%
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none
Rhea-AI Summary
Civitas Resources' CEO announces successful debt offering to finance Vencer acquisition and expects $300 million in non-core asset sales.
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Rhea-AI Sentiment
End-of-Day
3.83%
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none
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Rhea-AI Summary
Civitas Resources, Inc. plans to offer $1,000 million in senior unsecured notes due 2030 to fund an acquisition of oil and gas properties.
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Rhea-AI Sentiment
End-of-Day
3.83%
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none
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Rhea-AI Summary
Civitas Resources signs agreement to acquire oil producing assets in the Midland Basin for $2.1 billion, expected to close in January 2024. The acquisition is attractively priced and immediately accretive to Free Cash Flow per share, with an estimated 5% uplift in 2024. It increases Permian Basin scale and adds premium, low breakeven oil inventory. Civitas expects to generate approximately $1.8 billion of Free Cash Flow in 2024. The acquisition strengthens the capital structure and maintains the shareholder return program. Civitas plans to fund the cash portion of the purchase price with a combination of debt and equity financings. The portfolio will be balanced between the Permian and DJ basins, reducing operational risk. Positive outlook for 2024 with the ability to flex capital investments and activity levels between assets.
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Rhea-AI Sentiment
End-of-Day
-8.11%
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none
Rhea-AI Summary
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0.24%
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management
-
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End-of-Day
1.34%
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Rhea-AI Summary
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Rhea-AI Sentiment
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-1.01%
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Rhea-AI Sentiment
End-of-Day
5.28%
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Civitas Resources, Inc.

NYSE:CIVI

CIVI Rankings

CIVI Stock Data

7.82B
87.86M
7.91%
91.91%
5.72%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
DENVER

About CIVI

operational expertise, aggressive sustainability practices, and shared community values reach new levels at civitas, a company born by bringing together decades of operational experience in the dj basin. civitas is colorado’s largest pure play oil and natural gas producer. with a premier dj basin management team, focused innovation and our commitment to long-term sustainability, civitas brings value to colorado’s economy, its people, and the energy industry. with a strategic and collaborative vision, we are helping ensure our state and our communities will benefit from colorado’s oil and natural gas industry today and well into the future.