Orestocks.com’s Post

SM ENERGY AND CIVITAS RESOURCES TO COMBINE IN $12.8 BILLION TRANSFORMATIONAL COMBINATION DELIVERING SUPERIOR STOCKHOLDER VALUE SM Energy Company and Civitas Resources announced a definitive, proposed all-stock merger in which each Civitas share would be exchanged for 1.45 shares of SM Energy, and pro forma 2025 consensus free cash flow (FCF) is estimated at more than $1.4 billion. The agreement is subject to customary closing conditions, including stockholder and regulatory approvals. The combined business is expected to be immediately accretive to key per-share metrics, prioritize free cash flow for debt reduction with a path to 1.0x net leverage by year-end 2027, and is expected to close in the first quarter of 2026, subject to approvals. Full technical details are available in the corporate news release: https://lnkd.in/drH6RDvX

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