Private company

CIVITAS RESOURCES, INC.

CIVITAS RESOURCES, INC. is an American crude petroleum and natural gas company based in Denver.2

Last updated Oct 21, 2026.

Overview

  • IndustryCrude Petroleum & Natural Gas2
  • HeadquartersDenver, United States2
  • Incorporated inDE3
  • Business address555 - 17Th Street, Suite 3700, Denver, Co 802023
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEIIIVIHPH28S64K95M23812
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 49070832

When we use the terms “Civitas,” the “Company,” “we,” “us,” or “our,” we are referring to Civitas Resources, Inc. and its consolidated subsidiaries unless the context otherwise requires. We have included certain technical terms important to an understanding of our business under “ Glossary of Crude Oil and Natural Gas Terms ” above. Throughout this document, we make statements that may be classified as “forward-looking.” Refer to “ Information Regarding Forward-Looking Statements ” above for an explanation of these types of statements.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

49.7%Revenue growth, 20245
0.68×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs95¢$5.0B
  • Income tax5¢$244.0M

Out of $5.2B in revenue.5

Where each dollar of operating cash went, fiscal 2024

  • Dividends paid17¢$493.8M
  • Share buybacks15¢$427.3M
  • Kept or used elsewhere68¢$1.9B

Out of $2.9B of cash from operations.5

Financial statements

Revenue67895$5.2B in 2024+1782% since 2018
0$2.0B$4.0B$6.0B2018: $276.7M$276.7M20182019: $313.2M$313.2M2019+13%2020: $218.1M$218.1M2020−30%2021: $930.6M$930.6M2021+327%2022: $3.8B$3.8B2022+307%2023: $3.5B$3.5B2023−8%2024: $5.2B$5.2B2024+50%
Fiscal year2018201920202021202220232024
Revenue$276.7M6$313.2M7$218.1M8$930.6M9$3.8B5$3.5B5$5.2B5
Operating expenses$608.6M9$1.8B5$2.3B5$3.7B5
Operating income$112.4M10
Interest$2.6M13$2.6M13$2.0M8$9.7M9$32.2M9$182.7M9
Income before tax$251.8M9$1.7B5$999.5M5$1.1B5
Income tax$06$07-$60.5M8$72.9M9$405.7M5$215.2M5$244.0M5
Earnings per share$8.206$3.257$4.988$4.829$14.685$9.095$8.485
Earnings per share (diluted)$8.166$3.247$4.958$4.749$14.585$9.025$8.465
Shares (weighted, basic)37.2M shares985.0M shares586.2M shares598.9M shares5
Shares (weighted, diluted)37.7M shares985.6M shares587.0M shares599.2M shares5

Compare CIVITAS RESOURCES, INC. with another company

Corporate structure

CIVITAS RESOURCES, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CIVITAS RESOURCES, INC.

  • CIVITAS RESOURCES, INC. Denver, Colorado, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CIVITAS RESOURCES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$13.8B5 Dec 31, 2024$11.8B5 Dec 31, 2023+16.7%
Operating-lease assets (leased space)$93.6M5 Dec 31, 2024$78.3M5 Dec 31, 2023+19.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$75.8M5 Dec 31, 2024$1.1B5 Dec 31, 2023−93.3%

Properties, in its own words

The information required by Item 2 is contained in “Item 1. Business” and is incorporated herein by reference.

Item 2 of the 10-K filed Feb 24, 2025.4

Leadership

Who has led CIVITAS RESOURCES, INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (41)

Former names

  • Bonanza Creek Energy, Inc.Jan 6, 2011 to Oct 29, 20213

Timeline

  1. Jan 30, 20268-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer65
  2. Jan 27, 20268-K Shareholder vote; Regulation FD disclosure66
  3. Jan 20, 20268-K Other events67
  4. Dec 19, 20258-K Regulation FD disclosure68
  5. Dec 4, 20258-K Executive or director change69
  6. Nov 17, 20258-K Regulation FD disclosure70
  7. Nov 6, 20258-K Results of operations71
  8. Nov 3, 20258-K Regulation FD disclosure72
  9. Nov 3, 20258-K Entered a material agreement; Executive or director change73
  10. Aug 8, 20258-K Other events74
  11. Aug 7, 2025New chief executive Kempen Wouter T. Van becomes CEO14
  12. Aug 6, 20258-K Results of operations75
  13. Aug 6, 20258-K Executive or director change; Regulation FD disclosure76
  14. Apr 11, 2018New chief executive Eric T. Greager becomes CEO15
  15. Jun 15, 2017New chief executive R. Seth Bullock becomes CEO16
  16. Nov 13, 2014New chief executive Richard J. Carty becomes CEO17
  17. Dec 14, 2011New chief executive Michael R. Starzer becomes CEO18
  18. Dec 2, 2010Founded CIVITAS RESOURCES, INC. is founded2

Calendar

When it reported results

  1. Nov 6, 2025Reported quarterly or annual results71
  2. Aug 6, 2025Reported quarterly or annual results75
  3. May 7, 2025Reported quarterly or annual results77
  4. Feb 24, 2025Reported quarterly or annual results78
  5. Nov 7, 2024Reported quarterly or annual results79
  6. Aug 1, 2024Reported quarterly or annual results80
  7. May 2, 2024Reported quarterly or annual results81
  8. Feb 27, 2024Reported quarterly or annual results82

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

377 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 77 major events, 195 insider forms, 41 large holders, 47 other. The latest 20:

  1. Feb 17, 2026SCHEDULE 13G/A EDGAR
  2. Feb 10, 202615-12G EDGAR
  3. Feb 3, 20264 EDGAR
  4. Feb 3, 2026SCHEDULE 13D/A EDGAR
  5. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  11. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  12. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  13. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jan 30, 2026POSASR EDGAR
  19. Jan 30, 2026POSASR EDGAR
  20. Jan 30, 2026S-8 POS EDGAR

The 377 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

24 open-market trades by officers, directors and large owners since October 2021: 13 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 9, 2025Fox Carrie MDirectorBuy18,076$27.72$501.1KForm 4
May 9, 2025Foschi MarianellaCFO & TreasurerBuy3,500$27.65$96.8KForm 4
May 9, 2025Counts Travis LChief Admn Officer & SecretaryBuy3,500$27.89$97.6KForm 4
May 9, 2025DOYLE M. CHRISTOPHERCEO & PresidentBuy9,019$27.72$250.0KForm 4
May 9, 2025van Kempen Wouter T.Interim CEOBuy7,150$27.99$200.1KForm 4
May 9, 2025Carrell Clayton A.President & COOBuy31,010$28.22$875.1KForm 4
May 9, 2025Willard Howard A.DirectorBuy7,000$27.67$193.7KForm 4
May 15, 2024CPPIB Crestone Peak Resources Canada Inc.10% ownerSale6,956,520$73.22$509.4MForm 4
Jul 19, 2023Kimmeridge Energy Management Company, LLC10% ownerSale3,296,475$70.50$232.4MForm 4
May 5, 2023Counts Travis LChief Admn Officer & SecretaryBuy6,835$68.20$466.1KForm 4
Jan 27, 2023CPPIB Crestone Peak Resources Canada Inc.10% ownerSale4,918,032$61.00$300.0MForm 4
Sep 13, 2022Garbiso SandraCAO and TreasurerSale1,900$65.00$123.5KForm 4
Sep 12, 2022Counts Travis LChief Admn Officer & SecretaryBuy3,556$65.94$234.5KForm 4
Aug 10, 2022DOYLE M. CHRISTOPHERCEO & PresidentBuy1$59.46$59Form 4
Aug 9, 2022DOYLE M. CHRISTOPHERCEO & PresidentBuy33,622$59.66$2.0MForm 4
Mar 18, 2022Cain BrianChief Sustainability OfficerSale6,436$56.30$362.3KForm 4
Mar 10, 2022Tinsley DeanSVP, OperationsSale4,609$56.90$262.3KForm 4
Mar 7, 2022DeMuth BrantFormer EVP and CFOSale1,000$56.97$57.0KForm 4
Mar 2, 2022DeMuth BrantFormer EVP and CFOSale2,500$57.81$144.5KForm 4
Jan 11, 2022Keglevic PaulDirectorSale3,574$56.94$203.5KForm 4

All 24 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024M. Christopher Doyle$1.4M$8.4M93
2024Thomas Hodge Walker$802.1K$3.5M93
2024Marianella Foschi$796.8K$3.5M93
2024Travis L. Counts$791.6K$3.5M93
2024Jeffrey S. Kelly$665.8K$2.2M93
2023President and Chief Executive Officer$1.4M$12.5M93
2023Former Chief Operating Officer$552.4K$6.3M93
2023Chief Financial Officer and Treasurer$730.0K$5.0M93
2023Chief Administrative Officer and Corporate Secretary$741.1K$4.7M93
2023Former Chief Transformation Officer$237.5K$3.2M93
2022President and Chief Executive Officer$850.0K$9.6M93
2022Chief Administrative Officer and Corporate Secretary$275.6K$2.9M93
2022Chief Financial Officer and Treasurer$599.3K$2.7M93

SEC filer profile

How CIVITAS RESOURCES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCIVITAS RESOURCES, INC.1
  • CIK0001509589
  • Employer ID (EIN)61-16306314
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address555 - 17Th Street, Suite 3700, Denver, CO 802021
  • Phone303-293-91001
  • Shares outstanding85,303,179 as of Nov 6, 202512
  • Public float$6.8B as of Jun 30, 20244
  • AuditorDeloitte & Touche LLP, Denver, Colorado PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJan 6, 20111
  • Filings1,204 in all: 4 (464), 8-K (238), 425 (78), SC 13G/A (65), 3 (60), 10-Q (42), SC 13G (38), 4/A (24)1
    All 52 form types

    SC 13D/A (16), 10-K (14), DEF 14A (13), 3/A (12), CORRESP (10), EFFECT (8), UPLOAD (8), 8-K/A (7), S-1/A (7), S-3ASR (7), S-8 (7), S-8 POS (7), 424B3 (6), 424B5 (6), ARS (6), S-4/A (6), 5 (4), S-4 (4), SC 13D (4), SCHEDULE 13G/A (4), 424B4 (3), 8-A12B (3), FWP (3), POSASR (3), 25-NSE (2), CERTNYS (2), POS AM (2), PRE 14A (2), SCHEDULE 13D/A (2), SCHEDULE 13G (2), SD (2), 10-K/A (1), 15-12G (1), 8-A12B/A (1), CERT (1), D (1), DEFA14A (1), DEFM14A (1), NT 10-K (1), POS EX (1), S-1 (1), S-3 (1), S-3/A (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2025
    Quarterly report (10-Q) Nov 6, 2025
    Proxy statement (DEF 14A) Apr 21, 2025
    Latest 8-K (8-K) Jan 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareCIVINew York Stock Exchange

From the cover page of the 10-K filed Feb 24, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks CIVITAS RESOURCES, INC. names in Item 1A of its 10-K filed Feb 24, 2025: 43 risks under these headings, as written.4

  • Risks Related to Commodity Prices
  • Declines in crude oil, natural gas, and NGL prices will adversely affect our business, financial condition or results of operations, and our ability to meet our capital expenditure obligations or targets and financial commitments.
  • If commodity prices decrease to a level such that our future undiscounted cash flows from our properties are less than their carrying value for a significant period of time, we may be required to take write-downs of the carrying values of our properties.
  • Risks Related to Our Reserves, Leases, and Drilling Locations
  • Our estimated proved reserves and our ultimate number of prospective well development locations are based on many assumptions that may turn out to be inaccurate. Any significant inaccuracies in these reserve estimates or underlying assumptions will materially affect the quantities and present value of our reserves.
  • The present value of future net revenues from our proved reserves will not necessarily be the same as the current market value of our estimated crude oil and natural gas reserves.
  • The development of our proved undeveloped reserves may take longer and may require higher levels of capital expenditures than we currently anticipate. Therefore, our undeveloped reserves may not be ultimately developed or produced.
  • Drilling locations that we decide to drill may not yield crude oil or natural gas in commercially viable quantities.
  • Certain of our undeveloped leasehold acreage is subject to leases that will expire over the next several years unless production is established on units containing the acreage.
  • Unless we replace our crude oil and natural gas reserves, our reserves and production will decline, which could adversely affect our business, financial condition, and results of operations.
  • Risks Related to Our Business and Operations
  • Drilling for and producing crude oil and natural gas are high-risk activities with many uncertainties that could adversely affect our business, financial condition, or results of operations.
The other 34 risks
  • Imbalances between the supply and demand for crude oil and natural gas could result in transportation and storage constraints, reductions of our planned production, and related shut-in of our wells, which could adversely affect our business, financial condition, and results of operations.
  • We intend to pursue the further development of our properties through horizontal drilling and completion, which can be operationally challenging and costly.
  • We have limited control over activities on properties in which we own an interest but we do not operate, which could reduce our production and revenues.
  • Our ability to sell crude oil, natural gas, and NGLs, and receive market prices for our production, may be adversely affected by constraints on gathering systems, processing facilities, pipelines, and other transportation systems owned or operated by third-parties or by other interruptions beyond our control, which could impact the marketability of our production.
  • We may incur substantial losses and be subject to substantial liability claims as a result of our crude oil and natural gas operations. Additionally, we may not be insured for, or our insurance may be inadequate to protect us against, these risks, including those related to our hydraulic fracturing operations.
  • The oil and natural gas industry is highly competitive and many of our competitors have available resources in excess of our own.
  • We may be unable to make attractive acquisitions, and any inability to do so may disrupt our business.
  • We may not realize anticipated benefits from mergers and acquisitions.
  • We may be involved in legal cases that may result in substantial liabilities.
  • Terrorist attacks and armed conflict could have a material adverse effect on our business, financial condition, or results of operations.
  • We are subject to cyber security risks. A cyber incident could occur and result in information theft, data corruption, operational disruption, or financial loss.
  • Risks Related to Our Derivative Activities, Debt Agreements, and Access to Capital
  • Our production is not fully hedged, and we may hedge a lower percentage of our production than we have in the past. We are therefore exposed to fluctuations in the price of crude oil, natural gas, and NGL and will be affected by continuing and prolonged declines in such prices.
  • Our derivative activities could result in financial losses or could reduce our income.
  • We are exposed to credit risks of our hedging counterparties, third parties participating in our wells, and our customers.
  • The agreements covering our debt have restrictive covenants that could limit our ability to finance our operations, fund capital needs, respond to changing conditions, and engage in other business activities that may be in our best interests.
  • Borrowings under the Credit Facility are limited by our borrowing base, which is subject to periodic redetermination.
  • Our development and production projects require substantial capital expenditures. We may be unable to obtain needed capital or financing on satisfactory terms, which could lead to expiration of our leases or a decline in our crude oil and natural gas reserves or anticipated sales volumes.
  • Risks Related to Legislative and Regulatory Initiatives
  • We are subject to health, safety, and environmental laws and regulations that may expose us to significant costs and liabilities.
  • Evolving legislation or regulatory initiatives, including those related to hydraulic fracturing, could result in increased costs and additional operating restrictions or delays.
  • We face increasing risk associated with the long-term trend toward increased activism against oil and gas exploration and development activities in the states in which we operate, particularly in Colorado.
  • SB 181’s requirement, which applies to our Colorado operations, that we own or control more than 45% of the working or mineral interest in order to statutorily pool our applicable interest may make it much more difficult for us to develop such interests, which could have a material adverse effect on our business, financial condition, and results of operations.
  • Climate change laws and regulations restricting emissions of GHGs could result in increased operating costs and reduced demand for the crude oil and natural gas that we produce, while the physical effects of climate change could disrupt our production and cause us to incur significant costs in preparing for or responding to those effects.
  • Natural Resources Defense Council, Inc.
  • Transition risks related to climate change, including negative shift in investor sentiment with respect to the oil and gas industry, could have material and adverse effects on us.
  • Increasing scrutiny and changing stakeholder expectations in respect of ESG and sustainability practices may have an adverse effect on our business, financial condition, and results of operations and damage our reputation.
  • Current or proposed financial legislation and rulemaking could have an adverse effect on our ability to use derivative instruments to reduce the effect of commodity price, interest rate, and other risks associated with our business.
  • We are subject to federal, state, and local taxes and may become subject to new taxes, and certain federal income tax deductions and state income tax deductions and exemptions currently available with respect to oil and gas exploration and development may be eliminated or reduced as a result of future legislation.
  • Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our financial condition and results of operations.
  • Certain past transactions triggered a limitation on the utilization of our historic U.S. NOLs and the NOLs acquired in such transactions.
  • Continuing or worsening inflationary pressures and associated changes in monetary policy may result in increases to the cost of our goods, services, and personnel, which in turn could cause our capital expenditures and operating costs to rise.
  • Risks Related to Our Common Stock
  • We have experienced recent volatility in the market price and trading volume of our common stock and may continue to do so in the future.
  • Our ability to pay dividends to, or repurchase shares of common stock from, our stockholders is restricted by applicable laws and regulations and requirements under certain of our debt agreements, including the Credit Facility and the indentures governing our senior notes.
  • Our certificate of incorporation and bylaws, as well as Delaware law, contain provisions that could discourage acquisition bids or merger proposals, even if such acquisition or merger may be in our stockholders’ best interests.
  • Our certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or other employees.

Legal proceedings

We are a party to various routine legal proceedings, disputes and claims arising in the ordinary course of our business, including those that arise from interpretation of federal and state laws and regulations affecting the crude oil and natural gas exploration and development industry, personal injury claims, title disputes, royalty disputes, contract claims, contamination claims relating to crude oil and natural gas exploration and development and environmental claims, including claims involving assets previously sold to third parties and no longer part of our current operations. While the ultimate outcome of the pending proceedings, disputes or claims, and any resulting impact on us, cannot be predicted with certainty, we believe that none of these matters, if ultimately decided adversely, will have a material adverse effect on our financial condition, results of operations or cash flows. For additional information regarding legal proceedings and environmental matters, refer to “Part II, Item 8. Financial Statements and Supplementary Data - Note 6 - Commitments and Contingencies.”

Disclosure of certain environmental matters is required when a governmental authority is a party to the proceedings and the proceedings involve potential monetary sanctions that we reasonably believe could exceed a specified threshold. Pursuant to Item 103 of Regulation S-K, we have elected to apply a threshold of the lesser of $1.0 million or 1% of total current assets for purposes of determining whether disclosure of any such proceedings is required. Applying this threshold, we are not aware of any such proceedings required to be disclosed for the year ended December 31, 2024.

The opening of Item 3, Legal Proceedings.4

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