SM Energy reported Q3 FY2025 results, highlighted by a major subsequent event: an agreement, announced November 2, 2025, to acquire Civitas Resources, Inc. via an all-stock deal (1.45 SM shares per Civitas share), expected to close in Q1 2026. This follows the finalization of the $2.1 billion Uinta Basin asset acquisition earlier in the year.
Financial Performance (9M Ended Sep. 30, 2025) Revenue significantly increased 33% year-over-year to \(2.44 billion, driven by \)677 million contributed by the newly integrated Uinta Basin assets (now 28% of revenue mix). However, profitability contrac
...