CIVI - Earnings announcements

Company schedules conference call to discuss fourth quarter and full-year 2025 results and 2026 outlook DENVER, Jan. 30, 2026 /PRNewswire/ -- SM Energy Company ("SM Energy" or the "Company") (NYSE:SM) announced today the closing of its all-stock merger with Civitas Resources, Inc. ("Civitas") (NYSE:CIVI) (the "Transaction"). The Transaction was approved by stockholders of both companies at special meetings held on January 27, 2026. The combined company continues to trade under the ticker symbol "SM" and will retain the name SM Energy Company. As previously announced, upon the closing of the Transaction, Beth McDonald was appointed President and Chief Executive Officer and joined the Company'

Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its third quarter 2025 financial and operating results. Civitas' third quarter 2025 earnings webcast and conference call scheduled for Friday, November 7, 2025, has been cancelled as a result of the merger announcement with SM Energy Company (NYSE:SM) ("SM Energy"). Key Highlights Third quarter results exceeded expectations, with higher production and lower cash operating expenses contributing to net income of $177 million, operating cash flow of $860 million, Adjusted EBITDAX(1) of $855 million and Adjusted Free Cash Flow(1) of $254 million. Oil and total production were up six percent from the second qua

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 free cash flow supports sustained return of capital Value-Driven Synergies Proven management and a world-class technical team positioned to deliver identified and achievable annual synergies of approximately $200 million with upside potential  Synergies create potential for accelerated debt repayment and improved through-cycle returns Value-Accretive Substance Significant accretion on key per

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its third quarter 2025 operating and financial results after market close on Thursday, November 6, 2025. A conference call and webcast are planned for 7:00 a.m. MT (9:00 a.m. ET) on Friday, November 7, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liqu

Board increases share repurchase authorization to $750 million; Company plans $250 million accelerated share repurchase Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today announced that its Board of Directors has authorized reinstating a capital allocation strategy prioritizing both peer-leading return of capital to shareholders and ongoing debt reduction. Future free cash flow, after paying the Company's $2 per share annual base dividend, is expected to be allocated equally to share repurchases and debt reduction on an annual basis. In support of the capital return program, the Board increased the Company's share repurchase authorization to $750 million, which repre

Board increases share repurchase authorization to $750 million; Company plans $250 million accelerated share repurchase Non-core DJ Basin divestments totaling $435 million to accelerate debt reduction Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its second quarter 2025 financial and operating results, announced asset divestments exceeding its 2025 full-year target, and reinstated a peer-leading capital return program. A webcast and conference call to discuss these items is planned for 6:00 a.m. MT (8:00 a.m. ET) on Thursday, August 7, 2025. Participation details are available in this release, and supplemental materials can be accessed on the Company's

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its second quarter 2025 operating and financial results after market close on Wednesday, August 6, 2025. A conference call and webcast are planned for 6:00 a.m. MT (8:00 a.m. ET) on Thursday, August 7, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liqu

Implementing cost optimization and operational efficiency initiatives to deliver over $100 million in annualized free cash flow Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its first quarter 2025 financial and operating results. A webcast and conference call to review the Company's results is planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Management Quote CEO Chris Doyle commented, "Our high-quality, low-breakeven assets continue to position us well in the current environment, following ou

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its first quarter 2025 operating and financial results after market close on Wednesday, May 7, 2025. A conference call and webcast are planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich n

Successful land optimization initiatives and bolt-on acquisition expand high–quality development inventory Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced its 2025 outlook, including a new debt reduction goal for the year, as well as an enhanced asset portfolio and a recent bolt-on transaction in the Permian Basin. Civitas President and CEO Chris Doyle said, "Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in the Permian Basin and our strong track record of execution in the DJ Basin. We are maintaining a disciplined posture in 2025 in the face of

Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full year 2024 financial and operating results. A webcast and conference call to review these results and the Company's 2025 outlook is planned for 6:30 a.m. MT (8:30 a.m. ET), on Tuesday, February 25, 2025. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Key Fourth Quarter and Full Year 2024 Results     Three Months Ended December 31, 2024   Twelve Months Ended December 31, 2024 Net Income ($MM)   $151   $839 Adjusted Net

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced an updated time for its upcoming conference call and webcast on Tuesday, February 25. Due to scheduling conflicts, Civitas now plans to host its conference call and webcast at 6:30 a.m. MT (8:30 a.m. ET), on Tuesday, February 25, 2025. The dial-in number for the call remains 888-510-2535, with passcode 4872770, and a live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. Civitas intends to release its fourth quarter 2024 operating and financial results and provide its 2025 outlook after market close on Monday, February 24,

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today announced plans to release its fourth quarter 2024 operating and financial results and provide its 2025 outlook after market close on Monday, February 24, 2025. A conference call and webcast are planned for 7 a.m. MT (9 a.m. ET), on Tuesday, February 25, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and product

Return of capital to shareholders and debt reduction benefiting from 2H24 production and free cash flow increase Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its third quarter 2024 financial and operating results. A webcast and conference call is planned for 7 a.m. MT (9 a.m. ET) on Friday, November 8, 2024. Participation details are available in this release, and supplemental earnings materials can be accessed on the Company's website, www.civitasresources.com. Key Third Quarter 2024 Results     Three Months Ended September 30, 2024   Nine Months Ended September 30, 2024 Net Income ($MM)   $295.8   $687.6 Adjusted Ne

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its third quarter 2024 operating and financial results after market close on Thursday, November 7, 2024. A conference call and webcast are planned for 7 a.m. MT (9 a.m. ET), on Friday, November 8, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich

Capital return framework enhanced for share repurchase flexibility and balance sheet support, with buyback authorization increased to $500 million Lower well costs driving $50 million reduction in full-year capital expectations; 2024 sales volume outlook raised 1.5% Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its second quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, August 2, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Key Second Quarter 2024 Results   Th

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its second quarter 2024 operating and financial results after market close on Thursday, August 1, 2024. A conference call and webcast are planned for 9 a.m. MT (11 a.m. ET), on Friday, August 2, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-ric

Permian execution delivering ahead of plan Cumulative divestments exceed $300 million with non-core DJ Basin transactions; Maintaining full-year guidance as strong performance offsets asset sales impact Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its first quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, May 3, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Key First Quarter 2024 Results   Three Months Ended March 31, 2024 Net Income ($MM) $175.8

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its first quarter 2024 operating and financial results after market close on Thursday, May 2, 2024. A conference call and webcast is planned for 9 a.m. MT (11 a.m. ET), on Friday, May 3, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its premier assets in the Denver-Julesburg (DJ) and Permian Basins. Ci

2024 Outlook Focused on Free Cash Flow and Cash Returns to Shareholders; Production Guidance Maintained with 7% Reduction in Capital Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full-year 2023 financial and operating results, as well as provided its 2024 outlook. A webcast and conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m. ET), February 28, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Fourth Quarter 2023 Highlights Net income of $303 million and Adjusted EBITDAX(1) of $763 million Ne

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its fourth quarter 2023 operating and financial results and its 2024 outlook after market close on Tuesday, February 27, 2024. A conference call and webcast is planned for 8 a.m. MT (10 a.m. ET), on Wednesday, February 28, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its premier assets in the Denver-J

Declares Fixed-plus-Variable Dividend to be Paid in December Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today announced its third quarter 2023 financial and operating results. A conference call is planned for 8 a.m. MT (10 a.m. ET), November 8, 2023. Participation details can be found in this release. In addition, supplemental slides have been posted to the Company's website, www.civitasresources.com. Third Quarter 2023 Highlights Average daily sales volumes of 235.3 thousand barrels of oil equivalent per day ("MBoe/d") and 113.8 thousand barrels of oil per day, which benefited from the addition of two months of Permian Basin volumes Total capital expenditure

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its third quarter 2023 operating and financial results after market close on Tuesday, November 7, 2023. A conference call to discuss these results is planned for 8 a.m. MT (10 a.m. ET), Wednesday, November 8, 2023. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. Dial-in information for the conference call is included below. Phone Number Passcode Live participant 888-510-2535 4872770 About Civitas Resources, Inc. Civitas Resources, Inc. is an independent, dom

Acquisition increases Free Cash Flow and balances portfolio between Permian and DJ Basins Civitas Resources (NYSE:CIVI) ("Civitas") today signed an agreement with Vencer Energy ("Vencer"), a Vitol investment, to acquire oil producing assets in the Midland Basin of west Texas for a total consideration of approximately $2.1 billion, subject to customary terms, conditions, and closing price adjustments (the "Acquisition"). The Acquisition is expected to close in January 2024 with an effective date of January 1, 2024. Civitas plans to hold a conference call to discuss the Acquisition at 7:00 a.m. MDT (9:00 a.m. EDT) on October 4, 2023. Participation details are included within this release.

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its second quarter 2023 operating and financial results after market close on Wednesday, August 2, 2023. A conference call to discuss these results is planned for 8 a.m. MDT (10 a.m. EDT), Thursday, August 3, 2023. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. Dial-in information for the conference call is included below. Phone Number Passcode Live participant 888-510-2535 4872770 About Civitas Resources, Inc. Civitas Resources, Inc. is Colorado's first ca

Highly accretive acquisitions to balance portfolio, create immediate scale, and enhance capital allocation flexibility Civitas Resources (NYSE:CIVI) ("CIVI" or the "Company") today announced the signing of two definitive agreements to acquire oil producing assets in the Midland and Delaware Basins of west Texas and New Mexico. The agreements were signed with affiliates of Hibernia Energy III, LLC ("Hibernia") and Tap Rock Resources, LLC ("Tap Rock"), which are respective portfolio companies of funds managed by NGP Energy Capital Management, L.L.C. ("NGP"), for total consideration of approximately $4.7 billion, subject to customary purchase price adjustments. The transactions will fundamen

Production Near the High-End of Quarterly Guidance Declares Fixed-plus-Variable Dividend to be Paid in June Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today announced its first quarter 2023 financial and operating results. A conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m. ET), May 4, 2023. Dial-in details can be found in this release. In addition, supplemental slides have been posted to the Company's website, www.civitasresources.com. First Quarter 2023 Highlights Average daily sales volumes of 159.4 thousand barrels of oil equivalent per day ("MBoe/d"), near the high-end of Company quarterly guidance of 155-160 MBoe/d Total c

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its first quarter 2023 operating and financial results after market close on Wednesday, May 3, 2023. A conference call to discuss these results is planned for 8 a.m. MDT (10 a.m. EDT), Thursday, May 4. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. Dial-in information for the conference call is included below. Phone Number Passcode Live participant 888-510-2535 4872770 About Civitas Resources, Inc. Civitas Resources, Inc. is Colorado's first carbon neutral

Announces $1 Billion Share Repurchase Authorization and Declares Fixed-plus-Variable Dividend to be Paid in March 2023 Plan Focused on Returning Cash to Shareholders Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today announced its fourth quarter and full-year 2022 financial and operating results, as well as its 2023 outlook. In addition, the Company announced plans to repurchase up to $1 billion of common stock, par value $0.01 per share (the "Common Stock"), effective through December 31, 2024. A conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m. ET), February 23, 2023. Dial-in details can be found in this release. In addition, supplementa

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that it is scheduled to release its fourth quarter 2022 operating and financial results after market close on February 22, 2023. The Company will host a conference call to discuss these results the following morning, Thursday, February 23, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civiresources.com. Dial-in information for the conference call is included below. Phone Number Passcode Live participant 888-510-2535 4872770 About Civitas Resources, Inc. Civi

Production Exceeds Expectations; Capital Investments Lower than Forecast Company Increases Quarterly Base Dividend to $0.50 per Share and Declares Fixed-plus-Variable Dividend to be Paid in December Company Adopts Majority Voting for Director Elections, Proxy Access and Proposes Amendments to Allow Stockholders to Call Special Meetings and Act by Written Consent Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today announced its third quarter 2022 financial and operating results. A conference call to discuss the results is planned for 8 a.m. MT (10 a.m. ET), November 1, 2022. Dial-in details can be found in this release. In addition, supplemental slides have been posted

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that it is scheduled to release its third quarter 2022 operating and financial results after market close on October 31, 2022. The Company will host a conference call to discuss these results the following morning, Tuesday, November 1, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civiresources.com. Dial-in information for the conference call is included below. Phone Number Passcode Live participant 888-510-2535 4872770 Forward-looking Statements This press

Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today announced its second quarter 2022 financial results, and has posted an updated investor presentation to its website. Operational and Financial Highlights for the Second Quarter 2022 Average daily sales volumes of 175.2 thousand barrels of oil equivalent per day ("MBoe/d"), with oil representing 46% of total volumes, and total capital expenditures of $238.6 million LOE plus recurring cash G&A(1) of $3.89 per Boe for the second quarter 2022, down sequentially from $4.25 per Boe in the first quarter of 2022, positions Civitas as a cost leader in the industry GAAP net income of $468.8 million and Adjusted EBITDAX(1) o

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that it is scheduled to release its second quarter 2022 operating and financial results after market close on August 3, 2022. The Company will host a conference call to discuss these results the following morning, Thursday, August 4, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civiresources.com. Dial-in information for the conference call is included below. Phone Number Passcode Live participant 888-510-2535 4872770 Forward-looking Statements This press re

Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today announced its first quarter 2022 financial results, and has posted an updated investor presentation to its website. Operational and Financial Highlights for the First Quarter 2022 Average daily sales volumes of 159.0 thousand barrels of oil equivalent per day ("MBoe/d"), with oil representing 43% of total volumes (includes one month of volumes from the Bison acquisition, which closed March 1, 2022) Total capital expenditures of $234.5 million GAAP net income of $91.6 million for the first quarter 2022 Adjusted EBITDAX(1) of $471.8 million for the first quarter 2022 Lease operating expenses ("LOE") of $2.52 per

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that it is scheduled to release its first quarter 2022 operating and financial results after market close on May 4, 2022. The Company will host a conference call to discuss these results the following morning, Thursday, May 5, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civiresources.com. Dial-in information for the conference call is included below. Phone Number Passcode Live participant 888-510-2535 4872770 Forward-looking Statements This press release c

Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today announced its fourth quarter and full-year 2021 financial results, and has posted an updated investor presentation to its website. Operational Highlights for the Fourth Quarter 2021 Assuming a full quarter of contribution from the merged Civitas companies: Average daily sales volumes were 153.5 thousand barrels of oil equivalent per day ("MBoe/d"), with oil representing 40% of total volumes, relative to guidance of 148-154 Mboe/d with oil representing 39-41% of the total Total capital expenditures were $227 million relative to guidance of $220-260 million Other Financial Highlights for the Fourth Quarter and Full

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") is now scheduled to release its fourth quarter 2021 operating and financial results after market close on Tuesday, March 8, 2022. The Company will host a conference call to discuss these results the following morning, Wednesday, March 9, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. Dial-in information for the conference call is included below. Type Dial-In Number Passcode Live Participant (888) 510-2535 4872770 Replay (800) 770-2030 4872770 About Civi

Eric Greager has stepped down as CEO; Civitas Chairman and Kimmeridge Managing Partner, Ben Dell, to assume role of Interim CEO Civitas provides preliminary 2022 guidance; announces fourth quarter 2021 earnings release date and conference call Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), a Colorado energy leader and the state's first carbon neutral oil & gas producer, today announced that it has signed definitive agreements to acquire privately held Denver-Julesburg Basin ("DJ Basin") operator Bison Oil & Gas II, LLC ("Bison") for approximately $346 million of consideration, consisting of 2.3 million CIVI shares, $45 million in cash and the assumption of approximately

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today announced an updated stockholder cash distribution strategy and provided fourth quarter 2021 guidance. Eric Greager, President and CEO of Civitas, commented, "Our resource quality, low-cost structure, and low financial leverage allows us to generate significant free cash flow. We have committed to returning a substantial amount of this cash to stockholders, and today we are announcing a step in that direction. On top of our peer-leading base dividend, which increases in the fourth quarter, we also plan to add a variable dividend." Updated Stockholder Distribution Strategy The Board of Directors of Civitas has declared