NYSE:CIVIOil and Gas
Can Civitas Resources’ (CIVI) Expanded Buyback Outshine Leadership Changes and Earnings Pressures?
Civitas Resources recently announced a CEO transition, reported declines in revenue and net income for the second quarter and first half of 2025, expanded its share buyback program by US$250 million to a total of US$750 million, and reaffirmed its quarterly dividend at US$0.50 per share.
Alongside executive changes and softer operational results, the increased buyback authorization signals the company's commitment to capital returns during a period of leadership transition and shifting...