what John, business. highlighting our the I about everyone. run see second pillars Thanks, and the how to I'm in we by morning as talk our quarter, want results good excited to start but of I fundamental
First, flow. operating assets maximize to free cash
Second, maintain a balance fortress sheet.
create a business cycle. to and to a We and way through terms social, in meaningful formula governance. or investable Third, the more sustainable commit is of this to shareholders, any and durable capital lead fourth certainly returning believe environmental, winning
disciplined success. optimize not consolidation not in want be scale business to better, been is will just for sake be Staying our enhance, but pulling means, will matters or don't around guiding performing. today, a what what and highlight a pillars extend, value how also have is have and of That We you assets we to we're means We discipline in to strong back those to is principles four those are Scale clear underlying bigger. as of those long-term the we opportunities pillars. only picture for transaction it but have what believers most continue the about. for Civitas position very significant
expectations, netbacks margins. CapEx. of optimizing from roughly an inflationary internal let's within talk marketing cost day That is assets leadership per production activity, We That's opportunities XXX,XXX is of includes from not oil internal the and only economies I'd delivered free We're in WTI. oil per of to to scale. is of a face the ahead note They active group completions under come quarter. cost our from gross, in cash also go absolute barrels a we The but well, consolidation is very of company our be the XXX,XXX targets were growth, on the accretive flow oil barrels the on team XX scale marketing oil to focus geographically success significantly drilling of production the we find leader we which, quarter. of of very came a produced to the Whether our beat team Operationally, day. of beat the team pressure. continued and diverse. DJ production thanks targets, apparent to active So out continue is per $XXX about focused cost group. peer established executing sale production generating the and achieved to of very this XX,XXX imperative. our and more the at yet to during ahead From months premium basin oil like in in also capture consolidation we allow some day. and opportunities, Total the MBoe in our million. interesting determined, to ahead those sales some performing expanding That CapEx is it total
you as of We the On EBITDAX the financial our $XXX.X for unlevered $XXX.X on $XXX quarter, notes to $XXX gets million XXXX. free million sheet the just cash. of it fortress the net on and company million of of net million of generated side, $XXX.X quarter flow GAAP redeemed of release stronger. and We senior total million. a I debt million would end direct got income cash with Adjusted outstanding, in debt was roughly balance in $XXX hand The reconciliation. was of the cash during second basis,
We quarter-over-quarter is comprised of also our in commitment $X.XX XX% a a our and of share quarter And This to the highest our quarter. return shareholders industry. of to capital per share $X.XXXX roughly company, This current total to plus ratios meaningful announcement per the variable a share implies firmed represents as our with a dividend quarterly price yield. increased the which this dividend increase in per $X.XX payout our dividend. XX% share one was of base about
getting they committed management options past is market seen our cash volatile of merits acquisitions, buybacks, the and largest As cash we've shift our additional business shareholders it bit, each back runway to will over drill dividends extending use increasing the our our the Board, shareholders. create this fully continues or is share right. free the where shift launching with But we what to of that's the reinvesting evaluate especially business the through and are Relative flow quarter. significant team, continually, of we're in to best these aligned in
front, this XXXX regulatory point. is permanent plan and at permitting the our largely On
pipelines. a are permits submitted continue awaiting ahead we'll Looking roughly and into what total, XX% In deemed wells have our complete permits of I'd elder cap. the like OGDP's of through box to simply hearing quarter. programs the submit also the dates year-end XXX to highlight on permit XXXX, of approach another we XX% with we first working majority fully the remainder our those call as and approved into and we
in hearing quarter we Quick of guidance note closed inflation the account we staying and during set updated July. complete high had X,XXX importantly guidance. performance November. a deemed day was to That XXXX adds the We've about cost a CapEx, early due for MBoe On original of increased and per to acquisition 'XX small guidance early have this that mainly the guidance. but our expected we production within end on our year-to-date the XXXX. our for to our midpoint slightly increased As
was $X and $X updated, from barrel. $X between has guidance cost differential updated operating to decreased Our been our and per guidance oil
for remainder are $XX We taxes of assumes million, $XXX year. income also $XXX million the the and now that is guiding to cash of average per barrel oil XXXX
and Colorado's the future well carbon-neutral first Colorado largest continued were success I'll months execution E&P operator well-earned to over within joining pass broadly. integrating on positioned morning. the young business. quarters past again pure-play work sharing to certainly industry X deals and E&P be price in the optimizing confident together We're after a company Civitas challenge The the more be call the is is As and back are there saying come I company. a and for Scope more and X and innings this can't team's am in basis, our the XX companies early come. for of of Scope the And to We've it progress overstated. we this Q&A. I for forward Thank five over that look in to you done.
