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.