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Nov 3, 2025 12:00 PM

Civitas Resources Merges With SM Energy In $12.8 Billion Deal, Strengthening Permian Basin Footprint

Civitas Resources, Inc. (NYSE:CIVI) shares traded higher premarket on Monday after the company inked a merger deal with SM Energy Company (NYSE:SM) for approximately $12.8 billion.

Details

As per the deal, Civitas shareholders will receive 1.45 shares of SM Energy for each Civitas share.

As part of the transaction, SM Energy will issue around 126.3 million shares to Civitas shareholders.

Also Read: This Lam Research Analyst Turns Bullish; Here Are Top 4 Upgrades For Monday

Synergies

The merger is expected to deliver $200 million in identified annual synergies, with potential upside to $300 million, enhancing shareholder value.

The ...