Civitas Resources, Inc. Provides Sales Guidance for the Second Quarter and Reiterates Sales Guidance for the Full Year of Fiscal 2024
Civitas Resources, Inc. provided sales guidance for the second quarter and reiterated sales guidance for the full year of fiscal 2024. The company reiterated its full-year 2024 sales volume outlook of 325 MBoe/d to 345 MBoed, with outperformance in the first quarter and an enhanced outlook for the remainder of the year offsetting the full-year impact from asset sales, which is estimated at 5 MBoe/d.
The company expects second quarter 2024 sales volumes (both oil and total equivalent) to be broadly flat with first quarter levels, before increasing in the second half of the year.