Civitas Resources enters $250M accelerated share repurchase agreement

CIVITAS RESOURCES, INC.

Civitas entered an ASR with a financial institution to repurchase $250M of common stock.
Initial delivery of shares equals 80% of repurchase price based on Aug 7 closing price.
Final repurchase quantity determined by VWAP during the ASR term, subject to adjustments.
Final settlement expected within Q3 2025.
The $250M repurchase is part of Civitas's ongoing capital return strategy.

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