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
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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
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
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| 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 shares9 | 85.0M shares5 | 86.2M shares5 | 98.9M shares5 | |||
| Shares (weighted, diluted) | 37.7M shares9 | 85.6M shares5 | 87.0M shares5 | 99.2M shares5 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $12.9M6 | $11.0M7 | $24.7M7 | $254.5M8 | $768.0M9 | $1.1B5 | $75.8M5 |
| Receivables | $362.3M8 | $343.5M9 | $506.0M5 | $646.3M5 | |||
| Inventory | $12.4M7 | ||||||
| Current assets | $134.8M13 | $110.5M6 | $92.4M7 | $719.9M8 | $1.3B9 | $2.1B5 | $988.3M5 |
| Property, plant and equipment | $5.9B8 | $6.6B9 | $11.8B5 | $13.8B5 | |||
| Total assets | $1.1B13 | $1.2B6 | $1.2B7 | $6.7B8 | $8.0B9 | $14.1B5 | $14.9B5 |
| Current liabilities | $99.5M13 | $104.7M6 | $74.5M7 | $1.1B8 | $1.2B9 | $1.9B5 | $2.2B5 |
| Long-term debt | $50.0M10 | $4.8B5 | $4.5B5 | ||||
| Total liabilities | $197.6M13 | $269.6M6 | $137.6M7 | $2.1B8 | $2.6B9 | $7.9B5 | $8.3B5 |
| Retained earnings | $451.0M8 | $1.2B9 | $1.2B5 | $1.5B5 | |||
| Shareholders’ equity | $863.9M7 | $936.7M8 | $1.0B9 | $4.7B5 | $5.4B5 | $6.2B5 | $6.6B5 |
| Shares outstanding | 20.5M shares13 | 20.6M shares6 | 20.8M shares7 | 84.6M shares8 | 85.1M shares9 | 93.8M shares5 | 93.9M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $116.6M6 | $224.6M7 | $158.8M8 | $274.6M9 | $2.5B5 | $2.2B5 | $2.9B5 |
| Depreciation and amortization | $226.9M9 | $816.4M5 | $1.2B5 | $2.1B5 | |||
| Stock-based compensation | $15.6M9 | $31.4M5 | $34.9M5 | $48.3M5 | |||
| Cash from investing | $73.5M9 | -$1.3B5 | -$5.2B5 | -$2.7B5 | |||
| Dividends paid | $07 | $08 | $60.8M9 | $536.9M5 | $660.3M5 | $493.8M5 | |
| Share buybacks | $09 | $05 | $320.4M5 | $427.3M5 | |||
| Cash from financing | -$118.4M9 | -$657.4M5 | $3.4B5 | -$1.2B5 | |||
| Dividend per share | $1.169 | $6.295 | $7.605 | $4.975 |
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.
- ARISTEIA CAPITAL, L.L.C. Filed SCHEDULE 13G/A on CIVITAS RESOURCES, INC., latest Feb 17, 2026 (2 filings since Nov 14, 2025)
- CANADA PENSION PLAN INVESTMENT BOARD Filed SCHEDULE 13D/A on CIVITAS RESOURCES, INC., latest Feb 3, 2026 (6 filings since Nov 12, 2021)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on CIVITAS RESOURCES, INC., latest Jan 30, 2026 (6 filings since Feb 9, 2022)
- Kimmeridge Energy Management Company, LLC Filed SCHEDULE 13D on CIVITAS RESOURCES, INC., latest Nov 10, 2025 (6 filings since Dec 6, 2021)
- FMR LLC Filed SCHEDULE 13G/A on CIVITAS RESOURCES, INC., latest May 12, 2025 (6 filings since Dec 10, 2021)
- BlackRock Filed SC 13G/A on CIVITAS RESOURCES, INC., latest Nov 8, 2024 (9 filings since Dec 10, 2021)
- Vitol Holding B.V. Filed SC 13G/A on CIVITAS RESOURCES, INC., latest Sep 4, 2024 (2 filings since Jan 11, 2024)
- NGP XI US Holdings, L.P. Filed SC 13G/A on CIVITAS RESOURCES, INC., latest Feb 14, 2024 (2 filings since Aug 14, 2023)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on CIVITAS RESOURCES, INC., latest Feb 8, 2022
- Franklin Templeton Investments Filed SC 13G/A on CIVITAS RESOURCES, INC., latest Nov 9, 2021
- 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| 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
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.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
- Chief executive officerKempen Wouter T. Van Aug 7, 2025 to now14
- Chief executive officerEric T. Greager Apr 11, 2018 to Feb 8, 202215
- Chief executive officerR. Seth Bullock Jun 15, 2017 to Jun 15, 201716
- Chief executive officerRichard J. Carty Nov 13, 2014 to Jun 21, 201717
- Chief executive officerMichael R. Starzer Dec 14, 2011 to Feb 10, 201418
- ChairRichard J. Carty Dec 14, 2011 to Dec 23, 201119
- PresidentClayton A. Carrell May 8, 2025 to now20
- PresidentEric T. Greager Apr 11, 2018 to Feb 8, 202215
- PresidentRichard J. Carty Nov 13, 2014 to Jun 21, 201717
- PresidentMichael R. Starzer Dec 14, 2011 to Feb 10, 201418
- Chief financial officerMarianella Foschi Nov 2, 2021 to now21
- Chief financial officerBrant Demuth Nov 14, 2018 to Mar 8, 202222
- Chief financial officerWilliam J. Cassidy Sep 9, 2013 to Mar 31, 201623
- Chief financial officerJames R. Casperson Dec 14, 2011 to Aug 7, 201224
- Chief operating officerClayton A. Carrell May 8, 2025 to now20
- Chief operating officerMatthew R. Owens Nov 2, 2021 to Mar 1, 202325
- Chief operating officerAnthony G. Buchanon Aug 15, 2013 to Aug 4, 201626
Board members and other officers (41)
- SVP, Corp. Dev. & StrategyBrian Kuck Feb 26, 2025 to now27
- Senior Vice President and CAOKayla Baird Jan 4, 2024 to now28
- Chief Admin Officer & SecTravis Counts Nov 8, 2023 to now29
- Chief Sustainability OfficerBrian Cain Nov 2, 2021 to Mar 1, 202330
- SVP, OperationsDean Tinsley Nov 13, 2017 to Aug 11, 202231
- Vice President and CAOSandra Garbiso Nov 13, 2017 to Jun 23, 202332
- SVP, Finance & PlanningScott A. Fenoglio Oct 5, 2016 to Jan 11, 201933
- SVP, Production & OperationsDavid Lillo Feb 5, 2015 to Mar 13, 201534
- Senior Vice President, LandRamon Moore Nov 12, 2015 to Jan 10, 201935
- Vice President, FinanceRyan Zorn May 1, 2013 to Mar 30, 201636
- Senior VP, Gen. Counsel & SecChristopher Humber Jan 3, 2012 to Jan 3, 201237
- Sr. VP, Reservoir EngineeringLynn Boone Henry Nov 29, 2012 to Nov 1, 201638
- Exec VP Engineering & PlanningGary A. Grove Dec 14, 2011 to Mar 31, 201439
- ControllerWade E. Jaques Dec 14, 2011 to Aug 28, 201740
- Board memberLloyd W. Helms Jr. Feb 25, 2025 to now41
- Board memberDeborah L. Byers Feb 22, 2023 to now42
- Board memberKempen Wouter T. Van Feb 22, 2023 to now43
- Board memberAudrey Robertson Apr 1, 2021 to Jun 2, 202144
- Board memberJames E. Craddock Apr 1, 2021 to Jun 2, 202145
- Board memberBenjamin Dell Nov 2, 2021 to Jun 1, 202246
- Board memberCarrie M. Fox Nov 2, 2021 to now47
- Board memberHoward A. Willard Nov 2, 2021 to now48
- Board memberJames M. Trimble Nov 2, 2021 to now49
- Board memberMorris R. Clark Nov 2, 2021 to now50
- Board memberCarrie L. Hudak Oct 31, 2019 to now51
- Board memberEric T. Greager Apr 11, 2018 to Feb 8, 202215
- Board memberJack E. Vaughn May 8, 2017 to Jun 4, 202052
- Board memberPaul Keglevic May 8, 2017 to Jan 12, 202253
- Board memberScott D. Vogel May 8, 2017 to Jun 4, 202054
- Board memberThomas B. Tyree Jr. May 8, 2017 to Mar 6, 202055
- Board memberJeff E. Wojahn Nov 13, 2014 to now56
- Board memberRichard J. Carty Apr 30, 2013 to Jun 21, 201757
- Board memberGary A. Grove Dec 14, 2011 to Mar 31, 201439
- Board memberGregory P. Raih Dec 14, 2011 to May 2, 201758
- Board memberKevin A. Neveu Dec 14, 2011 to May 2, 201759
- Board memberMichael R. Starzer Dec 14, 2011 to Feb 10, 201418
- Board memberTodd A. Overbergen Dec 14, 2011 to Dec 23, 201160
- Board memberMarvin M. Chronister Dec 16, 2011 to Dec 7, 201561
- General counselTravis Counts Aug 1, 2022 to Aug 2, 202362
- General counselCyrus D. Marter Iv. Oct 17, 2016 to Jun 22, 202263
- General counselChristopher Humber Jun 18, 2012 to Mar 30, 201664
Former names
- Bonanza Creek Energy, Inc.Jan 6, 2011 to Oct 29, 20213
Timeline
- Jan 30, 20268-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer65
- Jan 27, 20268-K Shareholder vote; Regulation FD disclosure66
- Jan 20, 20268-K Other events67
- Dec 19, 20258-K Regulation FD disclosure68
- Dec 4, 20258-K Executive or director change69
- Nov 17, 20258-K Regulation FD disclosure70
- Nov 6, 20258-K Results of operations71
- Nov 3, 20258-K Regulation FD disclosure72
- Nov 3, 20258-K Entered a material agreement; Executive or director change73
- Aug 8, 20258-K Other events74
- Aug 7, 2025New chief executive Kempen Wouter T. Van becomes CEO14
- Aug 6, 20258-K Results of operations75
- Aug 6, 20258-K Executive or director change; Regulation FD disclosure76
- Apr 11, 2018New chief executive Eric T. Greager becomes CEO15
- Jun 15, 2017New chief executive R. Seth Bullock becomes CEO16
- Nov 13, 2014New chief executive Richard J. Carty becomes CEO17
- Dec 14, 2011New chief executive Michael R. Starzer becomes CEO18
- Dec 2, 2010Founded CIVITAS RESOURCES, INC. is founded2
Calendar
When it reported results
- Nov 6, 2025Reported quarterly or annual results71
- Aug 6, 2025Reported quarterly or annual results75
- May 7, 2025Reported quarterly or annual results77
- Feb 24, 2025Reported quarterly or annual results78
- Nov 7, 2024Reported quarterly or annual results79
- Aug 1, 2024Reported quarterly or annual results80
- May 2, 2024Reported quarterly or annual results81
- 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:
- Feb 17, 2026SCHEDULE 13G/A EDGAR
- Feb 10, 202615-12G EDGAR
- Feb 3, 20264 EDGAR
- Feb 3, 2026SCHEDULE 13D/A EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 20264 OWNERSHIP DOCUMENT EDGAR
- Jan 30, 2026POSASR EDGAR
- Jan 30, 2026POSASR EDGAR
- 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.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 9, 2025 | Fox Carrie MDirector | Buy | 18,076 | $27.72 | $501.1K | Form 4 |
| May 9, 2025 | Foschi MarianellaCFO & Treasurer | Buy | 3,500 | $27.65 | $96.8K | Form 4 |
| May 9, 2025 | Counts Travis LChief Admn Officer & Secretary | Buy | 3,500 | $27.89 | $97.6K | Form 4 |
| May 9, 2025 | DOYLE M. CHRISTOPHERCEO & President | Buy | 9,019 | $27.72 | $250.0K | Form 4 |
| May 9, 2025 | van Kempen Wouter T.Interim CEO | Buy | 7,150 | $27.99 | $200.1K | Form 4 |
| May 9, 2025 | Carrell Clayton A.President & COO | Buy | 31,010 | $28.22 | $875.1K | Form 4 |
| May 9, 2025 | Willard Howard A.Director | Buy | 7,000 | $27.67 | $193.7K | Form 4 |
| May 15, 2024 | CPPIB Crestone Peak Resources Canada Inc.10% owner | Sale | 6,956,520 | $73.22 | $509.4M | Form 4 |
| Jul 19, 2023 | Kimmeridge Energy Management Company, LLC10% owner | Sale | 3,296,475 | $70.50 | $232.4M | Form 4 |
| May 5, 2023 | Counts Travis LChief Admn Officer & Secretary | Buy | 6,835 | $68.20 | $466.1K | Form 4 |
| Jan 27, 2023 | CPPIB Crestone Peak Resources Canada Inc.10% owner | Sale | 4,918,032 | $61.00 | $300.0M | Form 4 |
| Sep 13, 2022 | Garbiso SandraCAO and Treasurer | Sale | 1,900 | $65.00 | $123.5K | Form 4 |
| Sep 12, 2022 | Counts Travis LChief Admn Officer & Secretary | Buy | 3,556 | $65.94 | $234.5K | Form 4 |
| Aug 10, 2022 | DOYLE M. CHRISTOPHERCEO & President | Buy | 1 | $59.46 | $59 | Form 4 |
| Aug 9, 2022 | DOYLE M. CHRISTOPHERCEO & President | Buy | 33,622 | $59.66 | $2.0M | Form 4 |
| Mar 18, 2022 | Cain BrianChief Sustainability Officer | Sale | 6,436 | $56.30 | $362.3K | Form 4 |
| Mar 10, 2022 | Tinsley DeanSVP, Operations | Sale | 4,609 | $56.90 | $262.3K | Form 4 |
| Mar 7, 2022 | DeMuth BrantFormer EVP and CFO | Sale | 1,000 | $56.97 | $57.0K | Form 4 |
| Mar 2, 2022 | DeMuth BrantFormer EVP and CFO | Sale | 2,500 | $57.81 | $144.5K | Form 4 |
| Jan 11, 2022 | Keglevic PaulDirector | Sale | 3,574 | $56.94 | $203.5K | Form 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.
- ARISTEIA CAPITAL, L.L.C.SCHEDULE 13G/A, 2 filings Nov 14, 2025 to Feb 17, 202683
- CANADA PENSION PLAN INVESTMENT BOARDSCHEDULE 13D/A, 6 filings Nov 12, 2021 to Feb 3, 202684
- VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 9, 2022 to Jan 30, 202685
- Kimmeridge Energy Management Company, LLCSCHEDULE 13D, 6 filings Dec 6, 2021 to Nov 10, 202586
- FMR LLCSCHEDULE 13G/A, 6 filings Dec 10, 2021 to May 12, 202587
- BlackRockSC 13G/A, 9 filings Dec 10, 2021 to Nov 8, 202488
- Vitol Holding B.V.SC 13G/A, 2 filings Jan 11, 2024 to Sep 4, 202489
- NGP XI US Holdings, L.P.SC 13G/A, 2 filings Aug 14, 2023 to Feb 14, 202490
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 1 filing Feb 8, 202291
- Franklin Templeton InvestmentsSC 13G/A, 1 filing Nov 9, 202192
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.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | M. Christopher Doyle | $1.4M | $8.4M93 | |
| 2024 | Thomas Hodge Walker | $802.1K | $3.5M93 | |
| 2024 | Marianella Foschi | $796.8K | $3.5M93 | |
| 2024 | Travis L. Counts | $791.6K | $3.5M93 | |
| 2024 | Jeffrey S. Kelly | $665.8K | $2.2M93 | |
| 2023 | President and Chief Executive Officer | $1.4M | $12.5M93 | |
| 2023 | Former Chief Operating Officer | $552.4K | $6.3M93 | |
| 2023 | Chief Financial Officer and Treasurer | $730.0K | $5.0M93 | |
| 2023 | Chief Administrative Officer and Corporate Secretary | $741.1K | $4.7M93 | |
| 2023 | Former Chief Transformation Officer | $237.5K | $3.2M93 | |
| 2022 | President and Chief Executive Officer | $850.0K | $9.6M93 | |
| 2022 | Chief Administrative Officer and Corporate Secretary | $275.6K | $2.9M93 | |
| 2022 | Chief 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
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.01 per share | CIVI | New 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
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 19SEC EDGARRichard J. Carty, Chair
- 20SEC EDGARClayton A. Carrell, President
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- 31SEC EDGARDean Tinsley, SVP, Operations
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- 36SEC EDGARRyan Zorn, Vice President, Finance
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- 40SEC EDGARWade E. Jaques, Controller
- 41SEC EDGARLloyd W. Helms Jr., Board member
- 42SEC EDGARDeborah L. Byers, Board member
- 43SEC EDGARKempen Wouter T. Van, Board member
- 44SEC EDGARAudrey Robertson, Board member
- 45SEC EDGARJames E. Craddock, Board member
- 46SEC EDGARBenjamin Dell, Board member
- 47SEC EDGARCarrie M. Fox, Board member
- 48SEC EDGARHoward A. Willard, Board member
- 49SEC EDGARJames M. Trimble, Board member
- 50SEC EDGARMorris R. Clark, Board member
- 51SEC EDGARCarrie L. Hudak, Board member
- 52SEC EDGARJack E. Vaughn, Board member
- 53SEC EDGARPaul Keglevic, Board member
- 54SEC EDGARScott D. Vogel, Board member
- 55SEC EDGARThomas B. Tyree Jr., Board member
- 56SEC EDGARJeff E. Wojahn, Board member
- 57SEC EDGARRichard J. Carty, Board member
- 58SEC EDGARGregory P. Raih, Board member
- 59SEC EDGARKevin A. Neveu, Board member
- 60SEC EDGARTodd A. Overbergen, Board member
- 61SEC EDGARMarvin M. Chronister, Board member
- 62SEC EDGARTravis Counts, General counsel
- 63SEC EDGARCyrus D. Marter Iv., General counsel
- 64SEC EDGARChristopher Humber, General counsel
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- 67SEC EDGAROther events
- 68SEC EDGARRegulation FD disclosure
- 69SEC EDGARExecutive or director change
- 70SEC EDGARRegulation FD disclosure
- 71SEC EDGARResults of operations
- 72SEC EDGARRegulation FD disclosure
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- 74SEC EDGAROther events
- 75SEC EDGARResults of operations
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