Civitas Resources, Inc. (CIVI)

Over the past six months, Civitas Resources (CIVI) has experienced several notable events impacting its stock. Civitas Resources reported strong second-quarter 2025 financial and operating results and reinstated a capital return strategy, committing to allocate 50% of free cash flow to share buybacks and 50% to debt reduction annually. Civitas Resources reported its third-quarter 2025 financial and operating results, posting earnings per share (EPS) of $1.93. A joint conference call was held to discuss the merger of SM Energy Company and Civitas Resources. Between November 22, 2024, and November 21, 2025, the share price of CIVI declined by 48.09%, from $52.80 to $27.41.

While explicit detailed information on demand seasonality for all of Civitas Resources' products and services is not readily available, there is an indication of seasonality for natural gas liquids (NGLs). Natural gas liquids realizations were consistent with expected summer demand trends, suggesting that demand for NGLs may fluctuate with the seasons. The company's focus on crude oil, natural gas, and NGLs, which are energy commodities, generally implies that demand can be influenced by broader seasonal energy consumption patterns.

Civitas Resources, Inc. (CIVI) is an independent, domestic oil and gas producer focused on the acquisition, development, and production of crude oil and associated liquids-rich natural gas. The company operates within the Oils-Energy sector, specifically in the Oil & Gas Exploration and Production - Onshore industry. Civitas Resources was formed in 2021 through the merger of Bonanza Creek Energy, Extraction Oil & Gas, and Crestone Peak Resources. Its key products include crude oil, natural gas, and natural gas liquids (NGLs). Civitas Resources is also recognized as Colorado's first carbon-neutral oil and gas producer.

Civitas Resources' operations are concentrated in the Denver-Julesburg (DJ) Basin in Colorado and the Permian Basin in Texas and New Mexico. In the DJ Basin, the company holds approximately 453,600 net acres, with operations across Weld, Arapahoe, Adams, and Boulder counties in Colorado, targeting the Niobrara and Codell formations. Its Permian Basin assets comprise about 68,500 net acres, located in Upton, Reagan, Glasscock, Martin, Midland, Reeves, and Loving counties in Texas, and Eddy and Lea counties in New Mexico. In the Permian Basin, operations primarily target the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin.

Civitas Resources has actively cultivated a reputation for environmental, social, and governance (ESG) leadership and is recognized as Colorado's first carbon-neutral oil and gas producer. They are committed to achieving carbon neutrality and zero routine flaring in the Permian Basin by 2026. Their 2025 Corporate Sustainability Report highlighted a 5.7% reduction in company-wide Scope 1 greenhouse gas emissions in 2024 compared to the 2023 baseline, working towards a 40% reduction goal by 2030. Civitas also aims to reduce methane emissions intensity by 25% by 2026.

Civitas Resources (CIVI) has a diverse ownership structure, with a significant portion held by institutional investors. Approximately 77.53% of the company's stock is owned by Institutional Investors, 1.20% by Insiders, and 21.27% by Public Companies and Individual Investors. Major institutional shareholders include Pension Plan Investment Board Canada, Vanguard Group Inc., and BlackRock, Inc. Insider activity in the past 12 months shows 452,516 shares bought and 51,403 shares sold, resulting in a net activity of 401,113 shares.