Civitas Resources Inc. reported third quarter 2025 net income of $177 million and operating cash flow of $860 million. Adjusted EBITDAX was $855 million, and adjusted free cash flow totaled $254 million. Oil production increased six percent from the previous quarter to over 158 thousand barrels per day, with total production reaching 336 thousand barrels of oil equivalent per day. Cash operating expenses declined five percent to $9.67 per barrel of oil equivalent, and lease operating expenses per barrel were down seven percent. The company completed a $250 million accelerated share repurchase program, repurchasing 7.4 million shares, and reduced net debt by $237 million. Capital expenditures were $491 million, and financial liquidity stood at $2.2 billion at quarter-end. Civitas also closed the divestment of two non-core DJ Basin assets and added over two million barrels of oil hedges for the next 12 months. A quarterly dividend of $0.50 per share was declared, payable on December 29, 2025. The company has discontinued financial guidance due to a pending merger with SM Energy.