Q2 2023 Earnings Presentation | Civitas Resources

Civitas Resources reported Q2 2023 adjusted EBITDA of $315.5 million with 16% year-over-year growth despite lower commodity prices. The company completed multiple acquisitions adding 16.7 net well locations and 942 net acres while maintaining a leverage ratio of 1.34x and strong liquidity position. Shareholder returns included a 52% year-over-year dividend increase to $0.38 per share.