SM Energy and Civitas stockholders approve merger

SM Energy Company (NYSE: SM) and Civitas Resources Inc. (NYSE: CIVI) announced that stockholders of both companies voted to approve all proposals necessary for their previously announced all-stock merger. The transaction is expected to close on January 30, 2026, subject to customary closing conditions.

At SM Energy's special meeting, approximately 76.5 percent of outstanding shares were represented. Of those present, 99.1 percent voted to approve the issuance of SM Energy common stock to Civitas stockholders, and 98.6 percent approved an amendment to increase authorized shares.

At Civitas' special meeting, approximately 82.9 percent of outstanding shares were represented, with 97.7 percent voting to adopt the merger agreement.

The combined company will trade as SM Energy following completion of the merger. Both companies will file final voting results on Form 8-K with the Securities and Exchange Commission.

"We are delighted with the strong endorsement of this transformative merger by our stockholders," said SM Energy Chief Executive Officer Herb Vogel. "This combination brings together two highly complementary organizations to create a leading oil and gas company with enhanced scale and top-tier assets."

Civitas Interim Chief Executive Officer Wouter van Kempen stated: "Today's merger approval brings together two premier operators with exceptional assets and technical talent. This combination strengthens our competitive position in the highest return U.S. shale basins."

SM Energy operates in Texas and Utah, focusing on crude oil, natural gas, and natural gas liquids production. Civitas operates in the Permian Basin in Texas and New Mexico, and the DJ Basin in Colorado.

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