Civitas Resources, Inc. Announces Share Repurchase from Vitol
Civitas Resources, Inc. (CIVI)
Last civitas resources, inc. earnings: 8/7 04:15 pm
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US:NYSE Investor Relations:
civitas-solutions.com/investor-relations
Company Research
Source: Business Wire
DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 1.04 million shares of its common stock from Vitol at a price of $72.00 per share, totaling $75 million. Civitas’ acquisition of certain oil and gas assets in the Permian Basin from Vencer Energy, LLC, a Vitol investment, closed on January 2, 2024, in exchange for approximately 7.2 million shares of Civitas stock along with $1.55 billion in cash ($1 billion paid at closing and a remaining $550 million payable on January 3, 2025). Along with other open market sales since the first of the year, the repurchase brings Vitol’s current equity position in Civitas to less than 2% of Civitas’ outstanding shares.Combined with share repurchases in the first quarter of 2024, Civitas has now bought back $142 million worth of its shares (2.07 million shares at an average price of $68.56) year-to-date. Following the comple
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CIVI
Earnings
- 5/2/24 - Miss
CIVI
Sec Filings
- 5/15/24 - Form 424B4
- 5/3/24 - Form 4
- 5/2/24 - Form 10-Q
- CIVI's page on the SEC website