Old Guano Trail is a point-to-point walk of about 4.2 miles one way, from beside Carlsbad Cavern’s Natural Entrance to the White’s City campground. It follows the old haul road down the escarpment, with mining remains and open desert views along the way. The NPS page lists 3.7 miles one way; the mapped entrance-to-campground line measures 4.23. A published out-and-back figure is 7.5 miles, but retracing this mapped line is about 8.5 miles. I’d plan around the longer map distance. The park estimates two hours one way; allow about 2–2½ hours for this line.
This is easiest if you have a ride waiting at White’s City. The NPS trail page does not describe a shuttle or return service. Without a pickup, you’ll have to retrace the route and climb back up the escarpment.