{"schema_version":"secwatch.filing_event.v1","accession":"0001509589-24-000018","form_type":"8-K","ticker":null,"cik":"0001509589","company_name":"CIVITAS RESOURCES, INC.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.744189+00:00","generated_at":"2026-06-03T00:22:10.423567+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Civitas Q1 adjusted net income $277M; volumes 336 MBoe/d; maintains FY guidance","bullets":["Net income $175.8MM ($277.1MM adjusted); operating cash flow $812.6MM; adjusted EBITDAX $928.2MM.","Total sales volumes 336 MBoe/d (156 MBbl/d oil), up 18% QoQ; capex $649.5MM within guidance.","Declared $1.50 dividend ($0.50 base + $1.00 variable) payable June 26; share repurchases $67MM in Q1.","Closed Vencer Energy acquisition Jan 2024; assumed Permian operatorship ahead of schedule; divested non-core DJ assets for $215M, total >$300M.","Maintained FY guidance: sales volumes 325-345 MBoe/d, capex $1.8-2.1B; liquidity $1.5B, reduced revolver by $350M."],"urls":{"canonical":"https://secwatch.observer/filing/0001509589-24-000018","json":"https://secwatch.observer/filing/0001509589-24-000018.json","markdown":"https://secwatch.observer/filing/0001509589-24-000018.md","text":"https://secwatch.observer/filing/0001509589-24-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1509589/000150958924000018/0001509589-24-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1509589/000150958924000018/civi-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:22:10.423567+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1704ea134926976f7e42776812f7a2504b234ea9","claim":"CIVITAS RESOURCES, INC. reported first quarter 2024 results: revenue $1.3 billion, net income $175.8. Guidance reaffirmed.","evidence_excerpt":"owners, and leading in ESG.\" First Quarter 2024 Financial and Operating Results Crude oil, natural gas, and natural gas liquids (\"NGL\") sales for the first quarter of 2024 were $1.3 billion, up 18% from the fourth quarter of 2023. The increase was primarily related to 19% higher sales volumes and slightly lower realized commodity pricing. Crude oil accounted for 81%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1509589/000150958924000018/0001509589-24-000018-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Revenue","value":"$1.3 billion"},{"label":"Net income","value":"$175.8"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}