---
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"
generated_at: "2026-06-03T00:22:10.423567+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Civitas Q1 adjusted net income $277M; volumes 336 MBoe/d; maintains FY guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0001509589-24-000018
- form_type: 8-K
- cik: 0001509589
- company_name: CIVITAS RESOURCES, INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001509589-24-000018
- JSON: https://secwatch.observer/filing/0001509589-24-000018.json
- Plain text: https://secwatch.observer/filing/0001509589-24-000018.txt

## Key facts
- Earnings Releases
  CIVITAS RESOURCES, INC. reported first quarter 2024 results: revenue $1.3 billion, net income $175.8. Guidance reaffirmed.
  - Period: first quarter 2024
  - Revenue: $1.3 billion
  - Net income: $175.8
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1509589/000150958924000018/0001509589-24-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.