Alyssa, everyone. Thanks, is have earlier VP addition Stephens Wong Sitio. you Many publicly team. to joined welcome responsibilities to a year of Sitio finance to to of as Ross Alyssa has want us but on team. This additional she our her new leadership already, on She Relations. our this welcome, the take allowed great I Investor met and may
get So started. let's
segments. We will today's call X divide into
I'll through First, strengthen minerals. XXXX active how management our the and accretive we our review highlights business of and acquisitions
will summarize XXXX our Carrie Second, our recent and financial outlook. results
priorities key the and was XXXX hit year. review a of the accomplishments. will a have we Sitio for solid execution year we for our list Lastly, highlights. I'll strong of
XX% DJ year. over pro for of the oil production We even year equivalent year end forma equivalent full year-over-year We guidance of the a high quarter record acquisition. barrels projections. full had the guidance for of year about First, against day, averaged oil of the exceeded XX,XXX and raising after during increase our Basin twice we delivered barrels fourth per XX,XXX
Our expenses guidance range. within our or and below fell taxes slightly
Sitio, well from at our management exceptional our positions work the accretive U.S. and and to operators in capabilities. land team industry-leading of prolific Our the the performance entire were the our due asset activity most quality solid differentiated results acquisitions of strong basins,
Second, million Throughout can our from refined This custom-built which more one we competencies now is our process innovative peers. data asset AI team. our us process of Taking operators, our We XX further, XXX,XXX our payment reducing of approximately revenue this the interpret that identify data annually. offsetting more missing payments. core a we allow $XX from further analysis to continue In revenue cash automatically differentiates XXXX, producing million down management and we we X/X proprietary enable XXXX, by contracts us of we our of step to develop rows per us staff for analyze receive of significantly than data XX% efficiencies. to captured person. check applications, revenue to records G&A. over discrepancies, a for review our use to models dashboard to that
in invested people company new of and skilled have future, the across our technologies. both in We terms highly
be will minerals management and many investments BOE position. returned continue expect G&A relatively small reductions we cash over our per scale systems meaningful Our as in to asset we in times costs
broad of consolidation It cash was return investments XX for These immediately highest and our the the deals normal standout small- acquisitions represented a high-value were accretive share has Sitio its processes. of ability year discretionary closed we to throughout outside and medium-sized Next, of deals. high-return, year. to auction per negotiate some in demonstrated flow history.
Basin. acres sheet totaling our deals refinanced over of Our our portfolio more us of quarter million. increased is December, and to Delaware a including BOE basis practices quarter base deals net The late primarily approximately and we've balance with XX% are million, was executed deals aggregate. $XXX was solid. year a on million. for $XXX expense royalty to higher-cost deal capital acquisitions in as was down fourth are impactful than the structure we annual Number XXXX. fourth repeatable the our It in flow interest per strong In the $XX added healthy to increase notes borrowing Year-over-year, of our a four, $XXX committed are in million, an we X,XXX
attractive flexibility, high-quality structure ensure capital liquidity coverage future financial balanced capital Our robust access ample helped and at ratios rates. to and assets
well minerals Our currently are above senior we cost of X of advantages trade accessing our companies par and public markets, which notes continue X the capital. to debt
a to This return value Since capital represents $XXX returned is to or XX% market current million, share flow. our on cash owners becoming public nearly return discretionary to capitalization. dividends our basis. and and In our mid-XXXX, deliver prioritize of share capital over of shareholders buybacks. we Lastly, per cumulative in shareholders including $XXX nearly million XXXX, we of XX%
great number a to was for shareholders. We exceed gains in a to billion efficiency that activity us acquisition combination to execution, At allowed XXXX. current that our sheet strong expect balance had capital commodity $X return prices, year of winning and maintain us. we This and
results Importantly, of to our it and XXXX the model. turn business repeatability underscore With over I'll Carrie to results our recent outlook. summarize our that, financial
