Civitas Resources, Inc. (NYSE:CIVI) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET

Company Participants

John Wren - Director and Head of Finance, Planning and IR

Chris Doyle - CEO

Marianella Foschi - CFO

Brian Cain - Chief Sustainability Officer

Conference Call Participants

Neal Dingmann - Truist Securities

Phillips Johnston - Capital One Securities

Leo Mariani - Roth MKM

Bill Dezellem - Tieton Capital

Operator

Thank you for standing by. My name is Kamika and I'll be your conference operator today. At this time, I would like to welcome everyone to the Civitas Resources First Quarter 2023 Earnings Conference Call. [Operator Instructions]

I will now hand today's call over to John Wren, Director and Head of Finance, Planning and Investor Relations. Please go ahead, sir.

John Wren

Thanks, operator. Good morning, everyone and thanks for joining our call today. Today, I'm joined by our CEO, Chris Doyle; CFO, Marianella Foschi, our new COO, Hodge Walker; and Brian Cain, our Chief Sustainability Officer. By now I hope you've had a chance to review our earnings release 10-Q and slide deck, all of which are available on our website. On today's call, we may make forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ materially from projections.

Please read our full disclosures regarding forward-looking statements in our 10-Q and other SEC filings. We may also refer to certain non-GAAP financial metrics. Reconciliations to certain non-GAAP metrics can be found in our earnings release and SEC filings as well. After a brief prepared remarks, Chris and other members of the leadership team will be happy to take your specific questions. Please limit your time to one question and one follow-up, as this allows us to get to more of your questions today.

I'll now turn the call over to Chris.

Chris Doyle

Thanks, John. Good morning, everyone.

Before I jump into my comments on the quarter, let me welcome Hodge Walker, our new Chief Operating Officer. Hodge, is a great addition to an already-strong team bringing more than 25 years of experience to the table and we're excited to have Hodge jump-in and help position the company to be one of the strongest and most reliable DJ operators.

Now as you can see from our latest quarterly results, we're off to a strong start to the year. The team is focused and firing on all cylinders as we continue to build on our track record of delivering on our promises quarter-after-quarter. Let me provide some high-level comments upfront on key topics relevant to our performance today.