Civitas Resources, Inc. (NYSE:CIVI) Q1 2024 Earnings Call Transcript

This just speaks to the strength of who you partner with, right? Target enterprise, again, just the two largest over gas, they really provide a lot of flow assurance in that regard just because [indiscernible] just need their wide grade for their frac complexes and export downstream. And so from our perspective, after these three acquisitions, we just have very limited exposure, some of the smaller processors that to your point, like a lot of times just pass on some of those infrastructure budgets to their producers. And then on your second question on the NGL realization that this strength quite a bit, quarter from Q4. A lot of that is related to the fact that if you think about the propane seasonality in Q1 that we saw, which is about 30% to 40% of our product mix, a lot of that is what drove those higher NGO realizations relative to Q4.

Phillips Johnston: Okay. Perfect. Thanks so much.

Chris Doyle: Thanks, Phil.

Operator: We don’t have any questions as of the moment. I’d now like to hand back over to Brad Whitmarsh for final remarks.

Brad Whitmarsh: Yes. Thank you. Appreciate everybody joining us today for the Civitas call. We continue to look forward to sharing our continued progress on upcoming calls. And certainly, we’ll see you all at the conference circuit here in the second quarter. Hope you have a great rest of the day and a safe weekend.

Operator: Thank you, everyone, for attending today’s call. We hope you have a wonderful weekend. You may now all disconnect to this session.