Leo Mariani

Scott Hanold

John Abbott

Noel Parks

Gabriel Daoud

Neal Dingmann

Oliver Huang

Zachary Parham

Zach Parham

Gabe Daoud

Hsu-Lei Huang

Josh Silverstein

Lloyd Byrne

Phillip Jungwirth

Timothy Rezvan

- **Civitas Resources**, an independent oil and gas exploration and production company, is exploring strategic alternatives, including a potential **sale or merger** with peers of similar or larger size.  **[1509589_d4a2add8311345cd9ecd3fee399f4043]** 
- The company, valued at approximately **$3.01 billion**, operates in Colorado's Denver-Julesburg Basin and has a strong **EBITDA margin of 71.21%**.  **[1509589_d4a2add8311345cd9ecd3fee399f4043]** 
- Despite robust revenue growth over three years, Civitas has experienced a **1-year earnings decline of 38.1%** and faces risks related to debt and market volatility.  **[1509589_d4a2add8311345cd9ecd3fee399f4043]** 
- Market reaction to the news has been positive, with its shares gaining over **2%**, though no definitive decision has been made and the company may choose to remain independent.  **[1509589_d4a2add8311345cd9ecd3fee399f4043]**

Civitas Resources Explores Strategic Alternatives, Including Potential Sale

CIVITAS RESOURCES (CIVI)