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Civitas Resources(CIVI) - 2024 Q1 - Earnings Call Presentation

• 2024 estimated payout of ~6.00pershare; 86.00 per share; ~8% yield(2) (1) Reinvestment rate calculated as midpoint of 2024 capex guidance / consensus 2024 EBITDAX. (2) Yield based on market capitalization of 7.2 B as of market close 04/30/24. The decision to pay dividends is subject to the discretion and approval of the Board and certain restrictive covenants contained in Civitas' credit facility and the indentures governing its senior notes. See Slide 2 for additional information on the limitations of Civitas/ abilit ...