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0 -0.00316455696202525 -0.00316455696202525 -0.00316455696202525 -0.00685654008438813 0.00738396624472577 -0.00316455696202525 0.000527426160337635
Stock impact report

SM Energy completes all-stock merger with Civitas [Yahoo! Finance]

SM Energy Company (SM) 
Last sm energy company earnings: 2/19 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.sm-energy.com
Company Research Source: Yahoo! Finance
The merger received shareholder approval from both companies last month, following the signing of a definitive agreement in November 2025 for a transaction valued at around $12.8bn, which includes net debt. In accordance with the merger terms, each Civitas share is exchanged for 1.45 SM Energy shares, resulting in SM Energy issuing approximately 126.3 million new shares of common stock. Following the merger, SM Energy shareholders will own approximately 48% of the combined company, while Civitas shareholders will hold around 52%. The merged entity's leadership team will include Beth McDonald as president and CEO, and Blake McKenna as executive vice-president and chief operating officer (COO). The Board of Directors comprises 11 members, six from SM Energy and five from Civitas. The combined entity manages a portfolio of around 823,000 net acres with a significant focus on the Permian Basin. With expected free cash flow surpassing $1.4bn for the full year 2025, the company Show less Read more
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