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Civitas Resources Increases Share Repurchase Authorization To $750M; Company Plans $250M Accelerated Share Repurchase

Author: Benzinga Newsdesk | August 06, 2025 04:29pm

Reinstating a capital return strategy of allocating 50% of free cash flow, after the base dividend, to share buybacks and 50% to debt reduction on an annual basis. The Company's Board increased its share repurchase authorization to $750 million, and Civitas plans to enter into a $250 million accelerated share repurchase program.

Posted In: CIVI