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, Inc. announced the repurchase of 1.04 million shares from Vitol at $72.00 per share, totaling $75 million. The acquisition of oil and gas assets in the Permian Basin from Vencer Energy, resulted in Vitol holding less than 2% of Civitas' outstanding shares. Civitas has repurchased $142 million worth of shares year-to-date and has authorized approximately $338 million for share repurchases through 2024.
Civitas Resources, Inc. (NYSE: CIVI) reported strong first quarter 2024 financial and operating results, with net income of $175.8 million, adjusted net income of $277.1 million, and total sales volumes of 335.5 MBoe/d. The Company divested non-core assets exceeding $300 million, closed acquisitions, declared a dividend of $1.50 per share, and repurchased shares. Civitas maintained full-year guidance, emphasizing operational efficiencies, cost reductions, and strong performance. The Company's first quarter financials showed increased sales volumes and revenue, with positive performance in the Permian and DJ Basins. Civitas' strategic focus on maximizing free cash flow, enhancing balance sheet, and shareholder returns positions it for future value creation.
Civitas Resources, Inc. (NYSE: CIVI) declared a quarterly cash dividend of $1.50 per share, consisting of a base dividend of $0.50 per share and a variable dividend of $1.00 per share. The dividend is payable on June 26, 2024, to shareholders of record as of June 12, 2024.
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