Prnewswire·2026-01-27 21:15Core Viewpoint - SM Energy and Civitas Resources have received stockholder approval for their all-stock merger, expected to close on January 30, 2026, pending customary closing conditions [1]. Group 1: Stockholder Votes - At the special meeting of SM Energy stockholders, approximately 76.5% of outstanding shares were represented, with 99.1% voting in favor of issuing SM Energy common stock to Civitas stockholders and 98.6% approving an amendment to increase authorized shares [2]. - At the special meeting of Civitas stockholders, approximately 82.9% of outstanding shares were represented, with 97.7% voting to adopt the merger agreement [3]. Group 2: Executive Comments - SM Energy's CEO Herb Vogel expressed satisfaction with the strong endorsement from stockholders, highlighting the merger's potential to create a leading oil and gas company with enhanced scale and top-tier assets, focusing on generating significant free cash flow and long-term value [4]. - Civitas' Interim CEO Wouter van Kempen noted that the merger combines two premier operators with exceptional assets and technical talent, strengthening their competitive position in high-return U.S. shale basins and unlocking meaningful synergies and free cash flow for sustainable growth [4]. Group 3: Company Backgrounds - SM Energy is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs primarily in Texas and Utah [5]. - Civitas Resources focuses on the acquisition, development, and production of crude oil and liquids-rich natural gas from its assets in the Permian Basin and the DJ Basin [6].