Key Takeaways Civitas posted Q3 adjusted EPS of $1.93, beating estimates but down from last year's $1.99.Revenues of $1.2B missed consensus as oil and gas sales volumes declined year over year.Civitas and SM Energy agreed to merge in an all-stock deal valued at about $12.8B.Civitas Resources, Inc. (CIVI) reported third-quarter 2025 adjusted earnings per share of $1.93, which surpassed the Zacks Consensus Estimate of $1.34. The outperformance was driven by higher natural gas price realizations. However, the ...

Civitas Resources (CIVI) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +44.03%. A quarter ago, it was expected that this oil and gas company would post earnings of $1.12 per share when it actually produced earnings of $0.99, delivering a surprise of -11.61%.Over the last four quarte ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-35371 Civitas Resources, Inc. (Exact name of registrant as specified in its charter) (State or o ...

Exhibit 99.1 Civitas Resources Reports Strong Third Quarter 2025 Financial and Operating Results DENVER — November 6, 2025 - 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 Key Third Quarter 2025 ...

Nov 6, 2025 4:15 PM Eastern Standard Time Civitas Resources Reports Strong Third Quarter 2025 Financial and Operating Results Share DENVER--(BUSINESS WIRE)--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"). Expand ...

NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Civitas Resources, Inc. (NYSE: CIVI) related to its sale to SM Energy Company. Under the terms of the proposed transaction, Civitas ...

Key Takeaways Civitas Resources is slated to release Q3 2025 results on Nov. 6, with earnings estimated at $1.36 per share.Revenues are projected to fall 6.9% year over year, reflecting weaker volumes and asset sales.CIVI targets cost savings of $40M in 2025 and $100M in 2026 from efficiency and new transport initiatives.Civitas Resources, Inc. (CIVI) is set to release third-quarter 2025 results on Nov. 6. The Zacks Consensus Estimate for earnings is pegged at $1.36 per share on revenues of $1.2 billion.Let ...

Core Insights - SM Energy Company reported third-quarter 2025 adjusted earnings of $1.33 per share, exceeding the Zacks Consensus Estimate of $1.25, but down from $1.62 in the same quarter last year [1][8] - Total quarterly revenues reached $811.6 million, falling short of the Zacks Consensus Estimate of $838 million, yet showing an increase from $643.6 million year-over-year [1] Operational Performance - Production volume for the third quarter was 213.8 thousand barrels of oil equivalent per day (MBoe/d), a 26% increase from 170 MBoe/d a year ago, driven by higher oil-weighted production from Uinta Basin assets [3] - Oil production rose approximately 47% year-over-year to 113.9 MBbls/d, while natural gas production increased 11% to 418.2 million cubic feet per day [4] Realized Prices - The average realized price per Boe was $41.23, slightly up from $41.08 year-over-year, while the average realized oil price decreased 15% to $63.83 per barrel [5] - The average realized price of natural gas improved by 50% year-over-year to $2.19 per thousand cubic feet [5] Costs & Expenses - Unit lease operating expenses increased 20% year-over-year to $5.67 per Boe, while total hydrocarbon production expenses rose to $229 million from $148.4 million a year ago [6] - General and administrative expenses decreased by 11% to $2 per Boe [6] Capital Expenditures - Capital expenditures for the quarter totaled $397.7 million, with adjusted free cash flow amounting to $234.3 million [7] Balance Sheet - As of September 30, 2025, SM Energy had cash and cash equivalents of $162.3 million and a net debt of $2.57 billion [9] Guidance - For Q4 2025, production is expected to range between 206-212 MBoe/d, with oil contributing 52-53% [10] - Full-year 2025 net production volume is anticipated to be 207-208 MBoe/d, with capital expenditures updated to approximately $1.375-$1.395 billion [11] Merger Announcement - SM Energy announced a $12.8 billion all-stock merger with Civitas Resources, enhancing its asset portfolio [8][12] - The merger is expected to create a high-quality asset portfolio across productive U.S. shale basins, with annual synergies estimated at $200 million [13][14]

Civitas Resources (NYSE:CIVI) and SM Energy merger valued at approximately $2.8 billion.The combined entity to have an enterprise value of about $12.8 billion, aiming for significant production and free cash flow by 2025.Despite the strategic merger, Civitas' stock shows limited movement, indicating a cautious market response.Civitas Resources (NYSE:CIVI) is a key player in the oil and gas industry, operating primarily in the Permian Basin, a significant shale-oil region in West Texas and New Mexico. The co ...

Core Viewpoint - The law firm Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Civitas Resources Inc. to SM Energy Company, as the implied sale price of $30.29 per share is significantly lower than analysts' price targets and the company's 52-week high [1][2][4]. Summary by Sections Proposed Sale Details - Civitas Resources Inc. has agreed to be sold to SM Energy, with shareholders receiving 1.45 SM shares for each Civitas share, resulting in an implied sale price of $30.29 per share based on SM's closing price as of October 31, 2025 [1][4]. Stock Price Concerns - The stock price of SM has declined since the announcement of the deal, which has reduced the value of the consideration for Civitas shareholders [2][4]. - The implied sale price of $30.29 is below the price targets set by multiple Wall Street analysts, indicating potential undervaluation [2][5]. Analyst Price Targets - Analysts have set various price targets for Civitas, with estimates including: - Mark Lear of Piper Sandler: $47.00 per share - William Janela of Mizuho Securities: $45.00 per share - Scott Hanold of RBC Capital: $40.00 per share - Devin McDermott of Morgan Stanley: $39.00 per share - Josh Silverstein of UBS: $38.00 per share [7]. Investigation Rationale - The investigation focuses on whether the Civitas Board of Directors acted in the best interests of shareholders in approving the merger and if the exchange ratio is fair [6].