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Civitas Resources
(NYSE:CIVI)
Civitas Resources (CIVI) vs. SPDR S&P 500 ETF (SPY)
Civitas Resources Business Overview & Revenue Model
Civitas Resources Earnings Call Summary
Civitas Resources Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.71B | 5.20B | 3.47B | 3.79B | 930.61M | 218.09M |
| Gross Profit | 2.06B | 2.14B | 1.67B | 2.48B | 569.36M | 160.47M |
| EBITDA | 3.26B | 3.60B | 2.34B | 2.50B | 488.41M | 177.58M |
| Net Income | 638.11M | 838.72M | 784.29M | 1.25B | 178.92M | 103.53M |
Balance Sheet | ||||||
| Total Assets | 15.11B | 14.94B | 14.10B | 7.97B | 6.74B | 1.18B |
| Cash, Cash Equivalents and Short-Term Investments | 56.00M | 75.83M | 1.12B | 768.03M | 254.45M | 24.74M |
| Total Debt | 5.14B | 4.49B | 4.96B | 436.19M | 551.06M | 31.82M |
| Total Liabilities | 8.43B | 8.32B | 7.92B | 2.60B | 2.09B | 137.56M |
| Stockholders Equity | 6.68B | 6.63B | 6.18B | 5.37B | 4.65B | 1.05B |
Cash Flow | ||||||
| Free Cash Flow | 933.65M | 893.36M | 731.52M | 1.41B | 123.10M | 95.00M |
| Operating Cash Flow | 2.74B | 2.87B | 2.24B | 2.48B | 274.60M | 158.80M |
| Investing Cash Flow | -2.33B | -2.67B | -5.24B | -1.31B | 73.55M | -63.80M |
| Financing Cash Flow | -396.62M | -1.24B | 3.36B | -657.37M | -118.44M | -81.25M |
Civitas Resources Technical Analysis
Civitas Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.34B | 3.98 | 9.56% | 7.36% | -6.52% | -32.26% | |
72 Outperform | $2.44B | 14.00 | 7.95% | 8.18% | 1.51% | -78.38% | |
72 Outperform | $4.64B | 2.98 | 16.58% | 4.38% | 34.93% | -11.85% | |
71 Outperform | $4.78B | 12.17 | 11.06% | 3.56% | 33.85% | -34.08% | |
66 Neutral | $3.21B | -66.46 | 0.64% | 5.78% | 32.31% | -122.30% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $4.30B | 42.95 | 2.01% | 4.15% | -13.92% | -68.34% |
Civitas Resources Corporate Events
On January 27, 2026, stockholders of Civitas Resources and SM Energy overwhelmingly approved all proposals required to complete their previously announced all-stock merger, under which Civitas will become a wholly owned subsidiary of SM Energy and each Civitas share will be converted into 1.45 SM Energy shares. Approximately 82.9% of outstanding Civitas shares and 76.5% of outstanding SM Energy shares were represented at their respective special meetings, with more than 97% of votes cast in favor of the transaction, clearing a key hurdle for the deal, which is expected to close on January 30, 2026, and create a larger, more diversified shale producer trading under the SM Energy name with enhanced scale, a stronger competitive position in top U.S. shale basins and the potential for significant synergies and increased free cash flow for investors.
The most recent analyst rating on (CIVI) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Civitas Resources stock, see the CIVI Stock Forecast page.
On November 2, 2025, Civitas Resources agreed to be acquired by SM Energy in a two-step merger that would first make Civitas a wholly owned SM subsidiary and then fold it into SM Energy, and on December 5, 2025 SM filed a registration statement that became effective on December 19, 2025, leading to the issuance of a joint proxy statement/prospectus in late December. Since that filing, two Civitas stockholders have brought lawsuits in New York in early January 2026 and several others have sent demand letters alleging disclosure deficiencies in the merger materials and seeking to block or unwind the transaction or obtain damages, prompting Civitas—while denying any wrongdoing or need for further disclosure—to issue supplemental financial and background information on the deal and its projections in order to reduce litigation risk and avoid delays to shareholder votes scheduled for January 27, 2026.
The most recent analyst rating on (CIVI) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on Civitas Resources stock, see the CIVI Stock Forecast page.
On December 18, 2025, Civitas Resources, Inc. received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its pending merger with SM Energy Company, satisfying a key regulatory condition required for closing the transaction. The clearance marks a significant step toward completion of the deal, reducing antitrust uncertainty around the combination and potentially accelerating Civitas’s efforts to grow its operational footprint and competitive position in the U.S. oil and gas market.
The most recent analyst rating on (CIVI) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Civitas Resources stock, see the CIVI Stock Forecast page.
On December 1, 2025, Civitas Resources‘ Board of Directors approved a new Executive Change in Control and Severance Plan, contingent on the completion of a merger with SM Energy Company. This amended plan introduces changes such as a 30-month change in control protection period for certain executives and revised severance calculations, impacting the company’s executive compensation structure.
The most recent analyst rating on (CIVI) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on Civitas Resources stock, see the CIVI Stock Forecast page.
On November 17, 2025, Civitas Resources and SM Energy announced additional details about their planned merger, which is expected to enhance their operations and market position. The merger aims to generate annual synergies of $200 million to $300 million, with a net present value of $1.0 billion to $1.5 billion, representing 22% to 32% of the pro-forma market cap. The merger will also result in a leadership team with significant industry experience and a board of directors comprising members from both companies. The companies plan to divest over $1 billion within the first year post-merger to strengthen their balance sheet and accelerate stockholder returns. The merger has received positive responses from rating agencies, reflecting confidence in the post-merger outlook.
The most recent analyst rating on (CIVI) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Civitas Resources stock, see the CIVI Stock Forecast page.
On November 2, 2025, Civitas Resources, Inc. and SM Energy Company entered into a merger agreement where Civitas will merge into SM Energy, resulting in Civitas becoming a wholly owned subsidiary of SM Energy. This merger will lead to the conversion of Civitas shares into SM Energy shares at a ratio of 1.45:1, and the combined entity will undergo governance restructuring, including changes to the board of directors and committees. The merger is subject to various conditions, including stockholder approvals and regulatory clearances, and is expected to enhance the operational and strategic positioning of the combined company.
The most recent analyst rating on (CIVI) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Civitas Resources stock, see the CIVI Stock Forecast page.
On November 2, 2025, Civitas Resources, Inc. and SM Energy Company announced a merger agreement, forming a combined entity valued at approximately $12.8 billion. This merger, expected to close in the first quarter of 2026, will create a leading independent oil and gas company with a premier portfolio in U.S. shale basins, enhancing free cash flow and stockholder value. The merger is anticipated to generate significant synergies, improve financial metrics, and maintain sustainable dividends, while advancing commitments to sustainability and environmental stewardship.
The most recent analyst rating on (CIVI) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Civitas Resources stock, see the CIVI Stock Forecast page.