CIVITAS RESOURCES, INC.
civitasresources.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 6, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Feb 17, 2026.
10-Q for Q3 FY2025, filed Nov 6, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Produces crude oil, natural gas and natural gas liquids from wells in Colorado, Texas and New Mexico for purchasers of its production.
10-K for FY2024, filed Feb 24, 2025Civitas is an independent exploration and production company focused on the acquisition, development, and production of crude oil and…View ↗
Crude oil sales. Under our crude purchase and marketing contracts, we deliver production at the wellhead or other contractually agreed-upon…View ↗
Natural gas and NGL sales. Under our natural gas processing contracts, we deliver natural gas to a midstream processing provider at the…View ↗
How Did They Make Money?
The company sells crude oil at an agreed index price adjusted for pricing differences and receives proceeds for natural gas and natural gas liquids sold through processing providers or to third-party purchasers. Purchasers generally pay one to two months after delivery.
10-K for FY2024, filed Feb 24, 2025Crude oil sales. Under our crude purchase and marketing contracts, we deliver production at the wellhead or other contractually agreed-upon…View ↗
Natural gas and NGL sales. Under our natural gas processing contracts, we deliver natural gas to a midstream processing provider at the…View ↗
In certain natural gas processing agreements, we may elect to take our natural gas residue and/or NGL in-kind at the tailgate of the…View ↗
We record revenue in the month production is delivered and control is transferred to the purchaser. However, settlement statements and…View ↗
$5.2B
-
10-K for FY2024, filed Feb 25, 2025
$5.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Midstream operating expense
|
0.1% |
Midstream operating expense, FY2024
$4.4M Sources
|
|
|
Crude Oil, Natural Gas, And Natural Gas Liquids
Sold outright
10-K for FY2024, filed Feb 24, 2025 |
100% |
Crude Oil, Natural Gas, And Natural Gas Liquids, FY2024
$5.2B Sources
|
Sold outright |
Who Were Their Customers?
Civitas sells its production to purchasers under contracts at market-based prices. Crude oil is delivered to the wellhead or agreed downstream delivery points; natural gas and liquids are delivered to midstream processors or third-party purchasers.
10-K for FY2024, filed Feb 24, 2025Substantially all of our production is sold to purchasers under contracts at market-based prices. Declines in commodity prices may have the…View ↗
Crude oil sales. Under our crude purchase and marketing contracts, we deliver production at the wellhead or other contractually agreed-upon…View ↗
Natural gas and NGL sales. Under our natural gas processing contracts, we deliver natural gas to a midstream processing provider at the…View ↗
In certain natural gas processing agreements, we may elect to take our natural gas residue and/or NGL in-kind at the tailgate of the…View ↗
How Were They Changing?
10-Q for Q3 FY2025, filed Nov 6, 2025
Open tableView ↗
-
Jan 30, 2026
Civitas merged into SM Energy and its shares were delisted
Each eligible Civitas share converted into 1.45 SM Energy shares; Civitas common stock stopped trading on the New York Stock Exchange.
Sources
8-K, filed Jan 30, 2026
As discussed in the Introduction, on January 30, 2026, the Mergers were consummated upon the terms and subject to the conditions of the…View ↗
Grew. Revenue grew 23.9x in 4 years, from $218.1M in FY2020 to $5.2B in FY2024, about 121% a year.
Expanded into the Permian Basin
The older report describes Civitas as focused primarily on the DJ Basin in Colorado. The latest report also describes significant operations in the Permian Basin in Texas and New Mexico.
10-K for FY2021, filed Mar 9, 2022 10-K for FY2024, filed Feb 24, 2025Civitas is an independent Denver-based exploration and production company focused on the acquisition, development, and production of oil…View ↗
Midstream infrastructure
The older report describes owned gathering, treating and storage systems supporting production. The latest report describes oil and gas production operations in the DJ and Permian Basins, without describing those midstream systems as part of its business.
10-K for FY2021, filed Mar 9, 2022 10-K for FY2024, filed Feb 24, 2025The Company's midstream assets provide reliable gathering, treating, and storage for the Company’s operated production while reducing…View ↗
Rocky Mountain Infrastructure (“RMI”), together with adjacent gathering assets acquired from HighPoint, serves the Company’s eastern…View ↗
As a result of the Crestone Peak Merger, the Company acquired a gas gathering system that serves the Company's southern acreage position…View ↗
Civitas is an independent exploration and production company focused on the acquisition, development, and production of crude oil and…View ↗
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