CIVI
Civitas Resources, Inc.26.80
-1.15-4.11%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.29BP/E (TTM)
3.89Basic EPS (TTM)
6.89Dividend Yield
0.07%Recent Filings
8-K
8-K
Civitas-SM Energy merger announced
Civitas Resources agreed to merge with SM Energy on November 2, 2025, in a stock-for-stock deal where each Civitas share converts to 1.45 SM Energy shares, pending stockholder approvals and regulatory clearances by August 3, 2026. The combined board will blend directors from both, with equal committee representation, aiming to consolidate operations while navigating antitrust hurdles. Integration risks loom large. Deal closes soon.
8-K
SM-Civitas $12.8B merger announced
SM Energy and Civitas Resources announced an all-stock merger on November 2, 2025, valued at $12.8 billion, with Civitas shareholders receiving 1.45 SM shares each, resulting in 52% ownership for Civitas and 48% for SM. The deal creates a top-10 U.S. independent with 823,000 net acres across premium shale basins, pro forma Q2 2025 production of 526 MBoe/d, and over $1.4 billion in full-year 2025 free cash flow. It promises $200 million in annual synergies by 2027, boosting per-share metrics before synergies, while prioritizing debt reduction to 1.0x leverage by year-end 2027 and maintaining a $0.20 quarterly dividend. Merger closes Q1 2026, pending approvals; integration risks loom large.
8-K
Civitas starts $250M buyback
Civitas Resources launched an accelerated share repurchase on August 8, 2025, committing $250 million to buy back common stock from a financial counterparty. It snags an initial 80% of shares upfront, valued against the August 7 close, with final tally based on volume-weighted averages through settlement in Q3 2025. This capital return play bolsters shareholder value amid volatile energy prices. Yet risks like market swings could tweak the share count.
8-K
CEO transition at Civitas
Civitas Resources terminated CEO M. Christopher Doyle without cause on August 6, 2025, effective immediately, triggering his severance under the company's plan. Board Chair Wouter van Kempen, with over 20 years in energy leadership, stepped in as interim CEO until February 27, 2026 or a permanent hire, earning $1.5M base salary and $3.5M in RSUs. Howard A. Willard III became independent board chair. Leadership shift aims to sharpen execution in a competitive market, yet risks interim uncertainty.
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