Security
Civitas Resources Inc. Common Stock · CIVI
CIVINYSECommon stockHistorical · closed Jan 29, 2026CIK 1509589Updated Nov 15, 2026
Name history
Bonanza Creek Energy, Inc. · through Oct 29, 2021
CIVI price & chart
Historical security
This listing closed Jan 29, 2026. Live provider charts are shown only for current listings.
About the company
Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the Permian Basin in Texas and New Mexico and the DJ Basin in Colorado. For more information about Civitas, please visit www.civitasresources.com.
In the news
Halper Sadeh LLC Encourages FRGE, EXAS, CIVI, KVUE Shareholders to Contact the Firm to Discuss Their Rights News provided by Halper Sadeh LLP Jan 08, 2026, 12:48 ET Share this article Share to X Share this article Share to X Shareholders should contact the firm as there may be limited time to enforc ↗
Seeking Alpha
Diamond Hill Mid Cap Fund Q4 2025 Portfolio Review ↗
Financials
FY 2024 · USDSource
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q3 2023 | Q2 2025 | Q2 2024 | Q2 2023 | Q1 2025 | Q1 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 15,111,000,000Source | 15,007,793,000Source | 12,841,568,000Source | 15,403,000,000Source | 15,041,290,000Source | 10,170,986,000Source | 15,330,000,000Source | 15,084,023,000Source | 14,944,120,000Source | 14,097,319,000Source | 7,971,399,000Source | 6,741,033,000Source |
| Property, Plant and Equipment, NetUSD | 14,009,000,000Source | 13,911,267,000Source | 11,767,622,000Source | 14,178,000,000Source | 13,957,622,000Source | 6,706,840,000Source | 14,157,000,000Source | 13,995,944,000Source | 13,794,358,000Source | 11,820,216,000Source | 6,611,105,000Source | 5,944,842,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 56,000,000Source | 47,075,000Source | 95,324,000Source | 69,000,000Source | 91,884,000Source | 2,702,897,000Source | 20,000,000Source | 52,070,000Source | 75,826,000Source | 1,124,797,000Source | 768,032,000Source | 254,454,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 523,000,000Source | 549,074,000Source | 573,077,000Source | 587,000,000Source | 559,736,000Source | 201,248,000Source | 573,000,000Source | 601,991,000Source | 646,290,000Source | 505,961,000Source | 343,500,000Source | 362,262,000Source |
| Inventory, NetUSD | — | — | — | — | — | — | — | — | — | — | — | 12,386,000Source |
| Assets, CurrentUSD | 945,000,000Source | 959,618,000Source | 948,745,000Source | 1,050,000,000Source | 953,780,000Source | 3,413,207,000Source | 944,000,000Source | 954,935,000Source | 988,318,000Source | 2,144,412,000Source | 1,328,430,000Source | 719,937,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 84,000,000Source | 67,955,000Source | 73,066,000Source | 82,000,000Source | 60,809,000Source | 49,297,000Source | 74,000,000Source | 62,268,000Source | 74,638,000Source | 58,518,000Source | 48,988,000Source | 21,052,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | 74,662,000Source | — | — | 41,572,000Source | — | — | 93,624,000Source | 78,266,000Source | 24,125,000Source | 39,885,000Source |
| Other Assets, NoncurrentUSD | 155,000,000Source | 132,416,000Source | 31,563,000Source | 163,000,000Source | 129,388,000Source | 7,567,000Source | 172,000,000Source | 132,890,000Source | 144,407,000Source | 29,852,000Source | 6,945,000Source | 14,085,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 8,426,000,000Source | 8,339,316,000Source | 6,820,935,000Source | 8,609,000,000Source | 8,455,273,000Source | 5,124,299,000Source | 8,625,000,000Source | 8,449,095,000Source | 8,315,374,000Source | 7,915,998,000Source | 2,597,480,000Source | 2,086,035,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 5,000,000Source | 5,037,000Source | 5,004,000Source | 5,000,000Source | 5,050,000Source | 4,869,000Source | 5,000,000Source | 5,067,000Source | 5,006,000Source | 5,004,000Source | 4,918,000Source | 4,912,000Source |
| Additional Paid in CapitalUSD | 4,639,000,000Source | 5,255,278,000Source | 4,955,206,000Source | 5,030,000,000Source | 5,318,431,000Source | 3,957,513,000Source | 5,019,000,000Source | 5,402,979,000Source | 5,095,298,000Source | 4,964,450,000Source | 4,211,197,000Source | 4,199,108,000Source |
| Retained Earnings (Accumulated Deficit)USD | 2,041,000,000Source | 1,408,162,000Source | 1,060,423,000Source | 1,759,000,000Source | 1,262,536,000Source | 1,084,305,000Source | 1,681,000,000Source | 1,226,882,000Source | 1,528,442,000Source | 1,211,867,000Source | 1,157,804,000Source | 450,978,000Source |
| Stockholders' Equity Attributable to ParentUSD | 6,685,000,000Source | 6,668,000,000Source | 6,020,633,000Source | 6,794,000,000Source | 6,586,000,000Source | 5,046,687,000Source | 6,705,000,000Source | 6,635,000,000Source | 6,628,746,000Source | 6,181,321,000Source | 5,373,919,000Source | 4,654,998,000Source |
| Liabilities and EquityUSD | 15,111,000,000Source | 15,007,793,000Source | 12,841,568,000Source | 15,403,000,000Source | 15,041,290,000Source | 10,170,986,000Source | 15,330,000,000Source | 15,084,023,000Source | 14,944,120,000Source | 14,097,319,000Source | 7,971,399,000Source | 6,741,033,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 1,695,000,000Source | 2,114,109,000Source | 2,019,466,000Source | 1,683,000,000Source | 2,289,739,000Source | 1,221,091,000Source | 1,804,000,000Source | 2,579,696,000Source | 2,205,094,000Source | 1,851,887,000Source | 1,177,927,000Source | 1,119,506,000Source |
| Operating Lease, Liability, CurrentUSD | — | — | 41,581,000Source | — | — | 21,841,000Source | — | — | — | — | 13,464,000Source | 18,873,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | 50,924,000Source | — | — | 20,394,000Source | — | — | — | — | 11,324,000Source | 21,398,000Source |
| Deferred Income Tax Liabilities, NetUSD | 955,000,000Source | 752,175,000Source | 458,590,000Source | 891,000,000Source | 657,470,000Source | 409,593,000Source | 856,000,000Source | 594,775,000Source | 800,554,000Source | 564,781,000Source | 319,618,000Source | — |
| Other Liabilities, NoncurrentUSD | 115,000,000Source | 106,731,000Source | — | 119,000,000Source | 109,771,000Source | — | 125,000,000Source | 118,489,000Source | 110,119,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | — | — | 70,722,000Source | — | — | 18,715,000Source | — | — | 160,253,000Source | 80,423,000Source | 77,507,000Source | 19,077,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 800,554,000Source | 564,781,000Source | 319,618,000Source | — |
| Long-term DebtUSD | 5,139,000,000Source | 4,841,523,000Source | — | 5,388,000,000Source | 4,889,554,000Source | — | 5,096,000,000Source | 4,437,624,000Source | 4,493,531,000Source | — | — | — |
| Long-term Debt, Excluding Current Maturities | —Source | —Source | — | —Source | —Source | — | —Source | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2024 | Q4 2023 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2025 | Q1 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 497,000,000Source | 524,000,000Source | 501,000,000Source | 521,000,000Source | 445,000,000Source | 467,000,000Source | 2,056,427,000Source | 1,171,192,000Source | 816,446,000Source | 226,931,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 13,000,000Source | 11,000,000Source | 48,272,000Source | 34,931,000Source | 31,367,000Source | 15,558,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -57,000,000Source | 77,000,000Source | 23,036,000Source | 39,869,000Source | 941,000Source | 100,881,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 56,000,000Source | 30,000,000Source | 235,773,000Source | 245,163,000Source | 337,502,000Source | 72,858,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 719,000,000Source | 813,000,000Source | 2,865,228,000Source | 2,238,760,000Source | 2,477,041,000Source | 274,599,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 756,000,000Source | 834,000,000Source | 905,096,000Source | 3,655,612,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -1,245,000,000Source | -1,313,000,000Source | -2,671,882,000Source | -5,243,155,000Source | -1,306,095,000Source | 73,547,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | -1,000,000Source | 0Source | -2,000,000Source | 1,463,000Source | -136,000Source | — |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 5,000,000Source | 7,000,000Source | 12,037,000Source | 13,416,000Source | 19,580,000Source | 5,927,000Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 71,000,000Source | 67,000,000Source | 427,305,000Source | 320,398,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 470,000,000Source | -575,000,000Source | -1,244,335,000Source | 3,363,076,000Source | -657,368,000Source | -118,435,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -4,000,000Source | -3,000,000Source | -3,427,000Source | — | 0Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -56,000,000Source | -1,075,000,000Source | -1,050,989,000Source | 358,681,000Source | 513,578,000Source | 229,711,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 56,000,000Source | 47,000,000Source | 69,000,000Source | 92,000,000Source | 20,000,000Source | 52,000,000Source | 75,826,000Source | 1,126,815,000Source | 768,134,000Source | 254,556,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 134,000,000Source | 130,000,000Source | 408,409,000Source | 37,112,000Source | 28,528,000Source | 1,829,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | 5,550,000Source | 2,858,000Source | 50,049,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | — | — | 52,702,000Source | 9,293,000Source | 4,464,000Source | 1,890,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | 7,000,000Source | 5,913,000Source | 23,327,000Source | 17,053,000Source | 15,926,000Source | 3,933,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 15,000,000Source | 12,300,000Source | — | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 79,000,000Source | 151,000,000Source | 104,000,000Source | 8,000,000Source | 52,000,000Source | -110,000,000Source | 37,490,000Source | 9,307,000Source | -335,160,000Source | -60,510,000Source |
| General and Administrative ExpenseUSD | — | — | 52,000,000Source | 57,000,000Source | 53,000,000Source | 59,000,000Source | 57,000,000Source | 58,000,000Source | 226,965,000Source | 161,077,000Source | 143,477,000Source | 65,132,000Source |
| Income Tax Expense (Benefit)USD | — | — | 57,000,000Source | 93,000,000Source | 38,000,000Source | 67,000,000Source | 61,000,000Source | 35,000,000Source | 243,972,000Source | 215,166,000Source | 405,698,000Source | 72,858,000Source |
| InterestExpenseNonoperatingUSD | — | — | 120,000,000Source | 117,000,000Source | 114,000,000Source | 115,000,000Source | 107,000,000Source | 110,000,000Source | 456,303,000Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 177,000,000Source | 296,000,000Source | 124,000,000Source | 216,000,000Source | 186,000,000Source | 176,000,000Source | 838,723,000Source | 784,288,000Source | 1,248,080,000Source | 178,921,000Source |
| Nonoperating Income (Expense)USD | — | — | -39,000,000Source | 43,000,000Source | -8,000,000Source | -104,000,000Source | -68,000,000Source | -216,000,000Source | -396,709,000Source | -140,026,000Source | -330,262,000Source | -70,284,000Source |
| Operating ExpensesUSD | — | — | 895,000,000Source | 926,000,000Source | 887,000,000Source | 926,000,000Source | 879,000,000Source | 902,000,000Source | 3,727,404,000Source | 2,339,760,000Source | 1,807,358,000Source | 608,551,000Source |
| Operating Lease, ExpenseUSD | — | — | 159,000,000Source | 147,000,000Source | 158,000,000Source | 127,000,000Source | 174,000,000Source | 131,000,000Source | 577,837,000Source | 301,288,000Source | 169,986,000Source | 52,391,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 2,000,000Source | 9,000,000Source | 2,000,000Source | 3,000,000Source | -13,000,000Source | 4,000,000Source | 24,670,000Source | 33,661,000Source | 21,217,000Source | -2,006,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | — | — | 7,724,000Source | 45,788,000Source | 1,174,000Source | 19,292,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | 0Source | — | 459,000Source | 308,000Source | 1,585,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 1,168,000,000Source | 1,272,000,000Source | 1,057,000,000Source | 1,313,000,000Source | 1,194,000,000Source | 1,329,000,000Source | 5,206,808,000Source | 3,479,240,000Source | 3,791,398,000Source | 930,614,000Source |
income statement · annual statements
| Line item | Q4 2024 | Q4 2023 | Q3 2025 | Q3 2024 | Q2 2025 | Q2 2024 | Q1 2025 | Q1 2024 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Nonoperating Income (Expense)USD | — | — | 2,000,000Source | 9,000,000Source | 2,000,000Source | 3,000,000Source | -13,000,000Source | 4,000,000Source | 24,670,000Source | 33,661,000Source | 21,217,000Source | -2,006,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 234,000,000Source | 389,000,000Source | 162,000,000Source | 283,000,000Source | 247,000,000Source | 211,000,000Source | 1,082,695,000Source | 999,454,000Source | 1,653,778,000Source | 251,779,000Source |
| Income Tax Expense (Benefit)USD | — | — | 57,000,000Source | 93,000,000Source | 38,000,000Source | 67,000,000Source | 61,000,000Source | 35,000,000Source | 243,972,000Source | 215,166,000Source | 405,698,000Source | 72,858,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 1.99Source | 3.02Source | 1.34Source | 2.17Source | 1.99Source | 1.75Source | 8.48Source | 9.09Source | 14.68Source | 4.82Source |
| Earnings Per Share, DilutedUSD per share | — | — | 1.99Source | 3.01Source | 1.34Source | 2.15Source | 1.99Source | 1.74Source | 8.46Source | 9.02Source | 14.58Source | 4.74Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 88,864,529Source | 97,905,077Source | 92,588,030Source | 99,425,524Source | 93,474,523Source | 100,545,589Source | 98,865,000Source | 86,240,000Source | 85,005,000Source | 37,155,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 88,962,984Source | 98,223,909Source | 92,670,914Source | 100,244,878Source | 93,620,495Source | 101,293,188Source | 99,176,000Source | 86,988,000Source | 85,604,000Source | 37,746,000Source |
| Interest Expense (non-operating)USD | — | — | 120,000,000Source | 117,000,000Source | 114,000,000Source | 115,000,000Source | 107,000,000Source | 110,000,000Source | 456,303,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related CostsUSD | — | — | 2,000,000Source | 0Source | 0Source | 8,000,000Source | 6,000,000Source | 23,000,000Source | 31,419,000Source | 84,328,000Source | 24,683,000Source | 43,555,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.5Source | 1.52Source | 0.5Source | 1.5Source | 0.5Source | 1.45Source | 4.97Source | 7.6Source | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 8,199,000Source | -29,997,000Source | 68,196,000Source | 0Source |
| General and Administrative ExpenseUSD | — | — | 52,000,000Source | 57,000,000Source | 53,000,000Source | 59,000,000Source | 57,000,000Source | 58,000,000Source | 226,965,000Source | 161,077,000Source | 143,477,000Source | 65,132,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | 109,786,000Source | — | 182,740,000Source | 32,199,000Source | — |
| Interest Expense, DebtUSD | — | — | — | — | — | — | — | — | 456,303,000Source | — | — | — |
| Interest Income (Expense), NetUSD | — | — | — | — | — | — | — | — | — | — | — | -9,700,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 177,000,000Source | 296,000,000Source | 124,000,000Source | 216,000,000Source | 186,000,000Source | 176,000,000Source | 838,723,000Source | 784,288,000Source | 1,248,080,000Source | 178,921,000Source |
| Nonoperating Income (Expense)USD | — | — | -39,000,000Source | 43,000,000Source | -8,000,000Source | -104,000,000Source | -68,000,000Source | -216,000,000Source | -396,709,000Source | -140,026,000Source | -330,262,000Source | -70,284,000Source |
| Operating ExpensesUSD | — | — | 895,000,000Source | 926,000,000Source | 887,000,000Source | 926,000,000Source | 879,000,000Source | 902,000,000Source | 3,727,404,000Source | 2,339,760,000Source | 1,807,358,000Source | 608,551,000Source |
| Operating Lease, ExpenseUSD | — | — | 159,000,000Source | 147,000,000Source | 158,000,000Source | 127,000,000Source | 174,000,000Source | 131,000,000Source | 577,837,000Source | 301,288,000Source | 169,986,000Source | 52,391,000Source |
| Other Cost and Expense, OperatingUSD | — | — | 3,000,000Source | 2,000,000Source | 2,000,000Source | 1,000,000Source | 4,000,000Source | 7,000,000Source | 17,330,000Source | 7,437,000Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 1,168,000,000Source | 1,272,000,000Source | 1,057,000,000Source | 1,313,000,000Source | 1,194,000,000Source | 1,329,000,000Source | 5,206,808,000Source | 3,479,240,000Source | 3,791,398,000Source | 930,614,000Source |
Filing attachments
tm263597d4_ex99-1.htm · 425 · 2026-01-27
Exhibit 99.1 News Release STOCKHOLDERS RESOUNDINGLY APPROVE SM ENERGY AND CIVITAS MERGER DENVER, Jan. 27, 2026 - SM Energy Company (NYSE: SM) (“SM Energy”) and Civitas Resources, Inc. (“Civitas”) (NYSE: CIVI) today announced that the stockholders of both companies voted in favor of all proposals necessary for the closing of the companies’ previously announced all-stock merger. The merger is expected to close on January 30, 2026, subject to satisfaction of other customary closing condition…
Read attachment ↗tm263597d3_ex99-1.htm · 8-K · 2026-01-27
Exhibit 99.1 News Release STOCKHOLDERS RESOUNDINGLY APPROVE SM ENERGY AND CIVITAS MERGER DENVER, Jan. 27, 2026 - SM Energy Company (NYSE: SM) (“SM Energy”) and Civitas Resources, Inc. (“Civitas”) (NYSE: CIVI) today announced that the stockholders of both companies voted in favor of all proposals necessary for the closing of the companies’ previously announced all-stock merger. The merger is expected to close on January 30, 2026, subject to satisfaction of other customary closing condition…
Read attachment ↗tm2530051d7_ex99-1.htm · 8-K · 2025-11-17
EX-99.1 2 tm2530051d7_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 News Release SM ENERGY ANNOUNCES ADDITIONAL DETAILS ON PLANNED MERGER WITH CIVITAS AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES DENVER, CO November 17, 2025 - SM Energy Company (“SM Energy” or the “Company”) (NYSE: SM) and Civitas Resources, Inc. (“Civitas”) (NYSE: CIVI) today announce additional details in connection with their planned merger (the “Transaction”). In addition to the details below, SM Energy and Civitas ha…
Read attachment ↗tm2530051d7_ex99-2.htm · 8-K · 2025-11-17
EX-99.2 3 tm2530051d7_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Merger Update November 17, 2025 NYSE: SM | SM-Energy.com NYSE: CIVI | CivitasResources.com ────────────────────────────────────────────────────────────── 2 Disclaimer Forward-Looking Statements This presentation and the oral statements made in connection therewith relate to, among other things, a proposed business combination between SM Energy and Civitas and contain “forward-looking statements” within the meaning …
Read attachment ↗tm2530051d1_ex99-1.htm · 8-K · 2025-11-03
EX-99.1 2 tm2530051d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 SM ENERGY AND CIVITAS RESOURCES TO COMBINE IN $12.8 BILLION TRANSFORMATIONAL COMBINATION DELIVERING SUPERIOR STOCKHOLDER VALUE Value-Enhancing Scale Premier portfolio across the highest-return U.S. shale basins drives significant free cash flow and enhanced stockholder value Pro forma second quarter of 2025 production totaled 526 MBoe/d Pro forma full-year 2025 consensus free cash flow of more than $1.4 billion Step-change in f…
Read attachment ↗tm2530051d1_ex99-2.htm · 8-K · 2025-11-03
EX-99.2 3 tm2530051d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Transformational Combination Delivering Superior Stockholder Value November 3, 2025 NYSE: SM | SM-Energy.com NYSE: CIVI | CivitasResources.com ────────────────────────────────────────────────────────────── 2 Disclaimer Forward-Looking Statements This presentation and the oral statements made in connection therewith relate to a proposed business combination transaction between SM Energy and Civitas contain “forward-…
Read attachment ↗