SM Energy, Civitas Announce $13B 'Transformational' Combo [Yahoo! Finance]
SM Energy Company (SM)
Last sm energy company earnings: 2/19 04:15 pm
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Source: Yahoo! Finance
SM Energy Company and Civitas Resources Inc announced, in a joint statement released Monday, a “$12.8 billion transformational combination delivering superior stockholder value”. The companies noted in the statement that they have entered into a definitive merger agreement involving an all-stock transaction. Under the terms of the deal, each common share of Civitas will be exchanged for 1.45 shares of SM Energy common stock, the statement revealed, adding that the combined company's enterprise value of approximately $12.8 billion is inclusive of each company's net debt. After closing, the company will continue to trade as SM Energy, according to the statement, which noted that, upon completion of the transaction, SM Energy stockholders will own approximately 48 percent of the combined company and Civitas stockholders will own approximately 52 percent on a fully diluted basis. At this exchange ratio, and the respective companies' closing share prices on October 31, 2025, inclusi
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News
- Analysts See Nearly 70% Upside for SM Energy (SM) Amid $12.8 Billion Civitas Merger Plans [Yahoo! Finance]Yahoo! Finance
- SM Energy Company (SM) Presents at Bank of America Leveraged Finance Conference Transcript [Seeking Alpha]Seeking Alpha
- Does the Civitas Merger Integration Signal a Turning Point for SM Energy's (SM) Strategic Vision? [Yahoo! Finance]Yahoo! Finance
- SM ENERGY ANNOUNCES ADDITIONAL DETAILS ON PLANNED MERGER WITH CIVITAS AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES [Yahoo! Finance]Yahoo! Finance
- SM ENERGY ANNOUNCES ADDITIONAL DETAILS ON PLANNED MERGER WITH CIVITAS AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCESPR Newswire
SM
Earnings
- 11/3/25 - Beat
SM
Sec Filings
- 12/5/25 - Form S-4
- 11/17/25 - Form 8-K
- 11/4/25 - Form 10-Q/A
- SM's page on the SEC website