Riley Exploration Permian

Riley Exploration Permian, Inc. is an independent oil and natural gas company. The firm is focused on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. Its activities also include the horizontal development of the San Andres formation, a shelf margin deposit on the Northwest Shelf of the Permian Basin. The company was founded in 1916 and is headquartered in Oklahoma City, OK.

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Earnings data Q3 2023

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Earnings data Q3 2024

Earnings data Q4 2024

Riley Exploration Permian reports robust Q4 performance and strategic resilience

REPX delivered strong financial performance in Q4 2022, driven by increased production and operational efficiency.
The company's strategic focus on long-term value creation, geographic diversity, and capital allocation flexibility bode well for future growth.
Challenges like industry differentials and operational constraints are being addressed through agile planning and resilience strategies.

Riley Exploration Permian reports strong Q1 results and eyes growth

Riley Exploration Permian (REPX) delivered a solid performance in Q1 2023, demonstrating financial stability, operational excellence, and strategic growth initiatives.
The company's strengths lie in its robust financial results, operational efficiency, and successful strategic initiatives, positioning REPX for long-term success and value creation.
While facing challenges in asset integration and infrastructure investments, REPX has opportunities to capitalize on its strengths, optimize operations, and drive sustainable growth.

Riley Exploration Permian (REPX) reports strong Q2 results and eyes growth opportunities

Riley Exploration Permian (REPX) showcased robust financial performance, operational strength, and a strategic focus on growth. While facing challenges in cost management and efficiency, the company is well-positioned to leverage opportunities for expansion and continued success.

Riley Exploration Permian (REPX) reports strong Q3 performance and growth focus

Riley Exploration Permian (REPX) delivered a robust performance in Q3 2023, showcasing operational excellence and financial resilience amidst industry challenges.
With a focus on strategic growth, debt reduction, and returning capital to shareholders, REPX remains committed to driving profitability and shareholder value.
Despite facing challenges, REPX's proactive approach to financial management and operational optimization positions the company for sustained success and future growth.

REPX reports robust Q4 results, eyes growth amid industry challenges

Riley Exploration Permian (REPX) delivered a strong performance in Q4 2023, marked by production growth and financial achievements.
Operational strengths, innovative projects, and a prudent capital strategy position the company for future growth and value creation.
While challenges exist in cost management and market dynamics, opportunities in expansion and technology adoption offer avenues for sustained success.

REPX reports strong Q1 performance, expands operations with strategic acquisitions

Riley Exploration Permian (REPX) delivered a robust performance in Q1 2024, driven by production growth and strategic acquisitions. Despite challenges from oil price volatility, the company's focus on efficiency and cash flow generation positions it well for future success.

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Riley Exploration Permian, Inc. (NYSE:REPX ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Philip Riley - CFO Bobby Riley - Chairman and CEO John Suter - COO Conference Call Participants Neal Dingmann - Truist Securities John White - ROTH Capital Jeff Robertson - Water Tower Research Noel Parks - Tuohy Brothers Operator Good morning. My name is John, and I'll be your conference operator today.

Riley Exploration Permian, Inc. (REPX) Q3 2024 Earnings Call Transcript

Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.43 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.58 per share a year ago.

Riley Exploration Permian, Inc. (REPX) Misses Q3 Earnings and Revenue Estimates

OKLAHOMA CITY , Nov. 6, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the third quarter ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS Averaged 23.4 MBoe/d of total equivalent production (oil production of 15.5 MBbls/d) Generated $72.1 million of operating cash flow or $60.5 million before changes in working capital(1) Incurred total accrual (activity-based) capital expenditures before acquisitions of $30.0 million and cash capital expenditures before acquisitions of $22.7 million Generated Free Cash Flow(1) of $37.8 million Paid dividends of $0.36 per share for a total of $8.1 million Reduced the principal value of debt outstanding by $35.0 million Completed the installation of our remaining electrical generation equipment used to power a portion of our field operations in Texas, with a total of 20 MW of installed capacity MANAGEMENT COMMENTARY Bobby D.

Riley Permian Reports Third Quarter 2024 Results

Riley Exploration Permian (REPX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Riley Exploration Permian, Inc. (REPX) Q3 Earnings Expected to Decline

OKLAHOMA CITY , Oct. 10, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.38 per share. The dividend is payable on November 7, 2024 to stockholders of record as of the close of business on October 24, 2024.

Riley Permian Increases Dividend and Schedules Third Quarter 2024 Earnings Release and Conference Call

Riley delivered Q2 2024 production results near the high-end of guidance. It also increased oil production expectations by 2% for the full year. Riley's oil cut is in the high-60s, but it is making minimal revenues from its natural gas and NGLs.

Riley Exploration Permian: Production Results Continue To Be Solid

Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.61 per share, missing the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.37 per share a year ago.

Riley Exploration Permian, Inc. (REPX) Lags Q2 Earnings and Revenue Estimates

OKLAHOMA CITY , Aug. 7, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the second quarter ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS Averaged 21.3 MBoe/d of total equivalent production (oil production of 14.7 MBbls/d) Generated $51.6 million of operating cash flow or $57.6 million before changes in working capital(1) Incurred total accrual (activity-based) capital expenditures before acquisitions of $21.4 million and cash capital expenditures before acquisitions of $19.3 million Generated Free Cash Flow(1) of $38.3 million Paid dividends of $0.36 per share in the second quarter for a total of $7.5 million Reduced debt outstanding by $20.0 million Raised $25.4 million in net proceeds from an equity offering Closed acquisition that added approximately 13,900 contiguous net acres to our New Mexico position Signed agreements to expand the scope of our power joint venture RPC Power, LLC ("RPC Power") and increased our ownership position from 35% to 50% MANAGEMENT COMMENTARY "We continue to execute our annual plan with overall positive results," said Bobby D.

Riley Permian Reports Second Quarter 2024 Results

Riley Exploration Permian, Inc. (REPX) Reports Next Week: Wall Street Expects Earnings Growth

OKLAHOMA CITY , July 11, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.36 per share. The dividend is payable on August 8, 2024 to stockholders of record as of the close of business on July 25, 2024.

Riley Permian Declares Quarterly Dividend and Schedules Second Quarter 2024 Earnings Release and Conference Call

Riley's Q1 2024 production ended up towards the high-end of expectations. It then made an acquisition that adds around 1,100 BOEPD in production, so full-year production should end up near the high-end of guidance too. Riley expanded the scope of its power generation JV to sell power to ERCOT.

Riley Exploration Permian Expands Power Generation JV To Make Better Use Of Natural Gas

Riley Exploration Permian, Inc. is a small independent oil and gas exploration company operating in the Permian Basin of West Texas. Riley Exploration Permian has a strong free cash flow generation and pays a dividend yield of 4.93%. Despite its small size and lower dividend yield compared to peers, Riley Exploration Permian has been growing its dividend at a decent pace and is trading at an attractive valuation.

Riley Permian: This Growing E&P Looks Good If You Can Stomach The Volatility

Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.26 per share a year ago.

Riley Exploration Permian, Inc. (REPX) Tops Q1 Earnings and Revenue Estimates

OKLAHOMA CITY , May 8, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the first quarter ended March 31, 2024. FIRST  QUARTER 2024 HIGHLIGHTS Averaged 20.4 MBoe/d of total equivalent production (oil production of 14.2 MBbls/d) Generated $56 million of operating cash flow or $58 million before changes in working capital Incurred total accrual (activity-based) capital expenditures before acquisitions of $26 million and cash capital expenditures before acquisitions of $35 million Generated Free Cash Flow(1) of $23 million Paid dividends of $0.36 per share in the first quarter for a total of $7 million Reduced debt outstanding by $15 million Signed agreement during the first quarter of 2024 and subsequently closed during the second quarter of 2024 on the purchase of oil and natural gas properties in Eddy County, New Mexico MANAGEMENT COMMENTARY "Our Company had a strong start to the year with both operational and financial performance during the first quarter," said Bobby D.

Riley Permian Reports First Quarter 2024 Results

Riley Exploration Permian, Inc. (REPX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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OKLAHOMA CITY , April 11, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.36 per share. The dividend is payable on May 9, 2024 to stockholders of record as of the close of business on April 25, 2024.

Riley Permian Declares Quarterly Dividend and Schedules First Quarter 2024 Earnings Release and Conference Call

OKLAHOMA CITY , April 9, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that members of its management team will participate in a fireside chat with Jeff Robertson of Water Tower Research on Wednesday, April 10th at 11:00am ET. The discussion will focus on Riley Permian's business strategy and growth plans.

Riley Permian Announces Participation in Fireside Chat with Water Tower Research

OKLAHOMA CITY , April 4, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced today the pricing of its previously announced underwritten public offering of 2,100,000 shares of its common stock at a price to the public of $27.00 per share (the "Offering"), which includes 700,000 shares being offered by the Company and 1,400,000 shares being offered by certain of the Company's stockholders (the "Selling Stockholders"). The Company has granted the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock.

Riley Permian Announces Pricing of Public Offering of Common Stock

OKLAHOMA CITY , April 3, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced today that it has commenced an underwritten public offering of 2,100,000 shares of its common stock (the "Offering"), which includes 700,000 shares being offered by the Company and 1,400,000 shares being offered by certain of the Company's stockholders (the "Selling Stockholders"). The Company and the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock.

Riley Permian Announces Commencement of Public Offering of Common Stock

5.22% dividend yield, maintained even at $40/bbl WTI. Strong free cash flow, at $75/bbl WTI REPX expects $100 million in FCF for 2024. Estimated 18.3% production growth for 2024 without a meaningful increase in costs. Strong geographic position, operating in a lower-cost and lower-decline rate location compared to the median Permian field.

Riley Exploration: Sustainable Growth With Strong Free Cash Flow

Riley Exploration Permian is projected to generate $119 million in 2024 free cash flow at the current strip. This free cash flow generation is combined with mid-to-high single-digit production growth from 2H 2023 levels. The Company's leverage should drop below 1.0x by late 2024.

Riley Exploration Permian: Likely To Generate Over $100 Million In 2024 FCF

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Riley Exploration Permian (REPX) Right Now?

Riley Exploration Permian, Inc. (NYSE:REPX ) Q4 2023 Earnings Conference March 7, 2024 10:00 AM ET Company Participants Philip Riley - CFO and EVP of Strategy Bobby Riley - Chairman and CEO Conference Call Participants Neal Dingmann - Truist Securities Jeffrey Robertson - Water Tower Research Noel Parks - Tuohy Brothers Gary Kennedy - Kennedy Trust Investments Operator Welcome to the Riley Exploration Permian's Fourth Quarter 2023 Earnings Conference Call. At this time, participants are in a listen-only mode with a question-and-answer session to follow at the end of the presentation.

Riley Exploration Permian, Inc. (REPX) Q4 2023 Earnings Call Transcript

OKLAHOMA CITY , March 6, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the fourth quarter and year ended December 31, 2023. FOURTH  QUARTER 2023 HIGHLIGHTS Averaged 19.9 MBoe/d of total equivalent production (oil production of 13.6 MBbls/d) Generated $66 million of operating cash flow or $54 million of operating cash flow before changes in working capital Incurred total accrual (activity-based) and cash capital expenditures before acquisitions of $25 million and $21 million, respectively Generated Free Cash Flow(1) of $33 million Paid dividends of $0.36 per share in the fourth quarter for a total of $7 million Reduced debt outstanding by $30 million Initiated temporary operations on baseload power generation owned by our joint venture, RPC Power LLC FULL YEAR 2023 HIGHLIGHTS Averaged 18.6 MBoe/d of total equivalent production (oil production of 13.2 MBbls/d), which included contribution from the New Mexico Acquisition properties for three of four quarters in 2023 Generated $207 million of operating cash flow Incurred $136 million for both total accrual (activity-based) and cash capital expenditures before acquisitions Generated Free Cash Flow(1) of $70 million Paid dividends of $1.38 per share for a total of $28 million Reported proved reserves as of December 31, 2023 of 108 MMBoe (62% oil); proved developed ("PDP") reserves of 60 MMBoe (61% oil and 56% of proved reserves) 2024 GUIDANCE HIGHLIGHTS Full year 2024 guidance for oil production of 14.0 – 15.0 MBbls/d, corresponding to approximately 10% year-over-year growth at the midpoint Full year 2024 guidance for total production of 21.0 – 22.5 MBoe/d, corresponding to approximately 17% year-over-year growth at the midpoint, benefiting from the anticipated addition of natural gas processing capacity through the year Full year 2024 guidance for activity-based investing expenditures before acquisitions of $115 - 130 million, corresponding to an approximate 10% year-over-year reduction at the midpoint (1) A non-GAAP financial measure as defined and reconciled in the supplemental financial tables available on the Company's website at www.rileypermian.com.

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