Civitas Resources, Inc. (NYSE:CIVI) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET

Company Participants

Brad Whitmarsh - Vice President of Investor Relations
Chris Doyle - President and Chief Executive Officer
Marianella Foschi - Chief Financial Officer
Hodge Walker - Chief Operating Officer

Conference Call Participants

Kevin MacCurdy - Pickering Energy Partners
Neal Dingmann - Truist Securities
Scott Hanold - RBC Capital Markets
Phillips Johnston - Capital One
Gabe Daoud - TD Cowen
Timothy Rezvan - KeyBanc Capital Markets Inc.
Leo Mariani - ROTH MKM
John Abbott - Wolfe Research
Oliver Huang - TPH&Co.
Noel Parks - Tuohy Brothers Investment Research

Operator

Good day, and thank you for standing by. Welcome to Civitas Resources' Second Quarter 2024 Earnings Conference Call and Webcast. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the call over to Brad Whitmarsh, Head of Investor Relations. Please go ahead.

Brad Whitmarsh

Thanks, Jessica. Good morning, everyone, and appreciate you joining us this morning. Yesterday, we issued our second quarter earnings release, our 10-Q and also provided some supplemental materials for your review. These items are all available on our website, and they may be helpful for this morning's call.

I'm joined today by our CEO, Chris Doyle; CFO, Marianella Foschi; and COO, Hodge Walker. After our brief prepared remarks, we'll conduct a question-and-answer session. As always, please limit your time to one question and one follow-up, so we can work through the list efficiently.

We will make certain forward-looking statements today, which are subject to risks and uncertainties that could cause actual results to differ from projections. Please read our full disclosures regarding these statements and our most recent SEC filings. We also may refer to some certain non-GAAP financial metrics. Reconciliations to these can also be found in the yesterday's release and SEC filings as well.

With that, I'll turn the call over to Chris.

Chris Doyle

Good morning, everyone, and welcome to our second quarter call. Before I address our quarterly results and our improved outlook, I think it's important to reflect on how we fundamentally transformed our business over the past year. This starts with our entry into the Permian Basin, which increased and enhanced our portfolio of scale and quality, provided important capital allocation flexibility and created a more durable and sustainable business.