Welcome to our dedicated page for Civitas Resources news (Ticker: CIVI), a resource for investors and traders seeking the latest updates and insights on Civitas Resources stock.
Civitas Resources Inc. (CIVI) maintains this comprehensive news hub for stakeholders tracking developments from Colorado's largest pure-play oil and gas producer. Access verified updates about operational milestones, financial performance, and sustainability initiatives in the Denver-Julesburg Basin.
This resource consolidates essential information for monitoring Civitas' strategic execution, including production updates from the Niobrara/Codell formations, environmental stewardship programs, and community engagement efforts. Investors will find timely disclosures about earnings results, capital allocation decisions, and operational efficiencies driven by horizontal drilling expertise.
All content undergoes strict verification to ensure alignment with corporate communications standards. The curated news flow enables stakeholders to track Civitas' progress in balancing energy production with emission reduction goals while maintaining its position as Colorado's premier DJ Basin operator.
Bookmark this page for direct access to Civitas Resources' official updates, including analysis of commodity market impacts, infrastructure developments, and regulatory compliance achievements. Check regularly for new insights into the company's low-cost production model and community partnership programs.
Civitas Resources (NYSE: CIVI) has announced it will release its first quarter 2025 operating and financial results after market close on Wednesday, May 7, 2025. The company will host a conference call and webcast the following day on Thursday, May 8, 2025, at 6:30 a.m. MT (8:30 a.m. ET). Investors can access the call using the dial-in number 888-510-2535 with passcode 4872770. A live webcast and replay will be available on the company's Investor Relations website.
Civitas Resources (NYSE: CIVI) has appointed Lloyd W. 'Billy' Helms, Jr. to its Board of Directors, effective immediately. Helms brings 40 years of oil and gas industry experience and over 15 years of executive management expertise to the board.
Helms most recently served at EOG Resources, where he held various leadership positions including President (2021-2024), Chief Operating Officer (2017-2023), and multiple Executive Vice President roles. He holds a Bachelor of Science in Petroleum Engineering from Texas Tech University.
With Helms' appointment, Civitas' board now consists of 10 directors, with nine being independent members. Board Chair Wouter van Kempen highlighted Helms' track record of operational excellence and ability to create sustainable efficiencies across multiple basins.
Civitas Resources (NYSE: CIVI) has announced its 2025 outlook, focusing on maximizing free cash flow and debt reduction. The company plans to reduce capital investments by nearly 5% year-over-year to $1.8-1.9 billion while targeting oil production of 150-155 MBbl/d.
Key highlights include generating approximately $1.1 billion in free cash flow (at $70 WTI), maintaining a quarterly dividend of $0.50 per share, and reducing year-end 2025 net debt below $4.5 billion. The company has also expanded its Permian Basin position through a $300 million bolt-on acquisition, adding 19,000 net acres and approximately 130 future development locations.
Civitas will allocate slightly more than half of total capital investments to the Permian Basin, running approximately five drilling rigs there and two in the DJ Basin. The company has announced a 10% workforce reduction and set a divestment target of $300 million for 2025.
Civitas Resources (NYSE: CIVI) reported strong Q4 and full-year 2024 results, with total sales volumes reaching 352 MBoe/d (50% each from Permian and DJ Basin). Q4 capital expenditures were $278 million, with the company drilling, completing, and turning to sales multiple wells across both basins.
The company generated adjusted free cash flow of $1.3 billion in 2024, representing a 29% yield. They returned over $920 million to shareholders through $494 million in dividends and $427 million in share repurchases. Operational highlights included reducing Midland Basin well costs from $850 to under $725 per lateral foot and implementing simulfrac operations that increased fluid throughput by 40%.
2024 proved reserves increased 14% to 798 million barrels of oil equivalent. The company reduced long-term debt by $350 million in Q4 while repurchasing nearly 3.5% of outstanding shares.
Civitas Resources (NYSE: CIVI) has announced a schedule update for its upcoming fourth quarter 2024 results and 2025 outlook conference call and webcast. The event will now take place at 6:30 a.m. MT (8:30 a.m. ET) on Tuesday, February 25, 2025, due to scheduling conflicts.
The company will release its Q4 2024 operating and financial results and provide its 2025 outlook after market close on Monday, February 24, 2025. Participants can join the call using the dial-in number 888-510-2535 with passcode 4872770. A live webcast and replay will be available on the company's Investor Relations website.
Civitas Resources (NYSE: CIVI) has announced it will release its fourth quarter 2024 operating and financial results along with its 2025 outlook after market close on Monday, February 24, 2025. The company will host a conference call and webcast on Tuesday, February 25, 2025, at 7 a.m. MT (9 a.m. ET). Investors can join via phone at 888-510-2535 using passcode 4872770, or access the live webcast through the Investor Relations section of Civitas' website.
Civitas Resources (NYSE: CIVI) has announced its Board of Directors' approval of a quarterly dividend of $0.50 per share. The dividend will be paid on December 27, 2024, to shareholders who are on record as of December 13, 2024.
Civitas Resources (NYSE: CIVI) reported strong Q3 2024 financial results with net income of $295.8 million and sales volumes of 348.1 MBoe/d. The company returned $227 million to shareholders through dividends ($149 million) and share repurchases ($78 million). Notable operational achievements include reducing well costs in the Midland Basin by 13% to $740 per lateral foot and setting a DJ Basin production record. Q4 oil volumes are expected to increase 3% from Q3, with October production averaging 165 MBbl/d. The company maintains strong liquidity of over $1.4 billion and continues to focus on debt reduction, having paid down $88 million in Q3.
Civitas Resources (NYSE: CIVI) has announced the schedule for its third quarter 2024 financial results release and conference call. The company plans to release its Q3 2024 operating and financial results after market close on Thursday, November 7, 2024. A conference call and webcast are scheduled for 7 a.m. MT (9 a.m. ET) on Friday, November 8, 2024. Interested parties can join the call using the dial-in number 888-510-2535 with passcode 4872770. A live webcast and replay of the event will be available on the Investor Relations section of Civitas Resources' website at www.civitasresources.com.
Civitas Resources (NYSE: CIVI) has published its 2024 Corporate Sustainability Report, highlighting the company's commitment to responsible operations and sustainability initiatives. Key achievements include:
- 41% reduction in greenhouse gas emission intensity in DJ Basin assets from 2019 to 2023
- Plugging of 19 orphan wells in Colorado in 2023, with 24 more planned for 2024
- Maintaining carbon neutrality and achieving zero routine flaring in DJ Basin assets
- Combined Total Recordable Incident Rate of 0.23 in 2023
The report also outlines updated targets for the company's expanded operations, including a 40% absolute emission reduction and a 65% Permian Basin pneumatic emission reduction by 2030. This report marks Civitas' first sustainability update following its expansion into the Permian Basin.
