Civitas Resources Q2 2025 Earnings Exceed Expectations, Board Increases Buyback Authorization to $750M

CIVITAS RESOURCES, INC.

2025-Q2 EPS reported $3.33 revenue$2,251,000,000

Q2 2025 net income $124M, adjusted EBITDAX $749M, and operating cash flow $298M.
Board increased share repurchase authorization to $750M; plans $250M accelerated share repurchase.
Signed agreements to divest non-core DJ Basin assets for $435M, exceeding 2025 target.
Reinstated capital return strategy: 50% FCF to buybacks, 50% to debt reduction.
Declared quarterly dividend of $0.50 per share payable September 25, 2025.

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