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.

Earnings data Q2 2021

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Earnings data Q3 2023

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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 Permian (REPX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Riley Permian (REPX) This Earnings Season?

Riley Exploration Permian is a family-run company. Family-run companies tend to be conservative. The family-run aspect makes the decision to incur all debt for an acquisition interesting. REPX's advantage lies in being a relatively new company, unaffected by the pandemic shutdown, unlike competitors Ring Energy and PEDEVCO.

Riley Exploration Permian: A Well-Timed Leap At Profitability

Riley Exploration Permian, Inc. (REPX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Riley Exploration Permian, Inc. (REPX) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

OKLAHOMA CITY , Feb. 15, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its fourth quarter and full year 2023 on March 6, 2024 after the U.S. financial markets close. In connection with the earnings release, Riley Permian management will host a conference call for investors and analysts on March 7, 2024 at 9:00 a.m.

Riley Permian Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

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Riley Exploration Permian is a $448 million market cap company paying a 6.6% annualized dividend. It drills horizontal wells—focusing on waterfloods—in conventional formations (not shales) in the Northwest Shelf. The company's heavy combined insider and private equity (67.9% total) ownership could mean outside investors have little say. The quarterly dividend of $0.36/share is payable February 8 for holders as of January 25.

Riley Exploration Permian Offers 6.6% Dividend, Offbeat Operations

OKLAHOMA CITY , Jan. 16, 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 February 8, 2024 to stockholders of record as of the close of business on January 25, 2024.

Riley Permian Declares Quarterly Cash Dividend and Reports Debt Reduction

Small caps, particularly Riley Exploration Permian Inc, are a promising investment in 2024 due to the US's high oil production levels. REPX has a low stock price and generates consistent free cash flow, making it an attractive dividend play. REPX focuses on the San Andres Formation in the Permian Basin, a region known for its favorable production costs and infrastructure, indicating strong growth potential.

Riley Exploration Permian, Inc.: Strong Dividend Play In A Resilient Sector

Riley Exploration Permian, Inc. (NYSE:REPX ) Q3 2023 Results Conference Call November 8, 2023 10:00 AM ET Company Participants Philip Riley - CFO and EVP of Strategy Bobby Riley - Chairman and CEO Kevin Riley - President Conference Call Participants Bert Donnes - Truist Noel Parks - Tuohy Brothers David Dernick - the Dernick Companies Operator Thank you for standing by. At this time, I would like to welcome everyone to the Riley Permian Third Quarter 2023 Earnings Release and Conference Call.

Riley Exploration Permian, Inc. (REPX) Q3 2023 Earnings Call Transcript

The heavy selling pressure might have exhausted for Riley Exploration Permian, Inc. (REPX) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -17.35% in 4 Weeks, Here's Why Riley Exploration Permian, Inc. (REPX) Looks Ripe for a Turnaround

Riley Exploration Permian, Inc. (REPX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Here's Why Riley Exploration Permian, Inc. (REPX) is Poised for a Turnaround After Losing -11.54% in 4 Weeks

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.

Should Value Investors Buy Riley Exploration Permian (REPX) Stock?

OKLAHOMA CITY , Nov. 7, 2023 /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, 2023. THIRD  QUARTER 2023 HIGHLIGHTS Averaged oil production of 14.0 MBbls/d (19.9 MBoe/d total equivalent production) Generated $53 million of operating cash flow or $63 million of operating cash flow before changes in working capital Incurred total accrual (activity-based) and cash capital expenditures before acquisitions of $30 million and $31 million, respectively Generated Free Cash Flow(1) of $31 million Paid dividends of $0.34 per share in the third quarter for a total of $7 million; subsequent to the third quarter, raised dividends by 6% to $0.36, which will be payable in the fourth quarter 2023 Reduced debt outstanding by $10 million Bobby Riley, Chairman and CEO of Riley Permian, stated, "We are pleased with our performance in the third quarter, even though production was reduced due to disruptions to midstream infrastructure operated by third parties.

Riley Permian Reports Third Quarter 2023 Results

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Riley Exploration Permian, Inc. (REPX) Earnings Expected to Grow: Should You Buy?

OKLAHOMA CITY , Oct. 18, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its third quarter on November 7, 2023 after the U.S. financial markets close. In connection with the earnings release, Riley Permian management will host a conference call for investors and analysts on November 8, 2023 at 9:00 a.m.

Riley Permian Schedules Third Quarter 2023 Earnings Release and Conference Call

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Tanger Factory Outlet Centers, Inc. (SKT), Riley Exploration Permian, Inc. (REPX), EQT Corporation (EQT), MSC Industrial Direct Co., Inc. (MSM) and Maximus, Inc. (MMS) recently hiked dividends.

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OKLAHOMA CITY , Oct. 12, 2023 /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 November 9, 2023 to stockholders of record as of the close of business on October 26, 2023.

Riley Permian Increases Quarterly Cash Dividend

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Riley Exploration Permian, Inc. (NYSE:REPX ) Q2 2023 Results Conference Call August 8, 2023 11:00 AM ET Company Participants Philip Riley - CFO and EVP of Strategy Bobby Riley - Chairman and CEO Kevin Riley - President Conference Call Participants Neal Dingmann - Truist Securities Noel Parks - Tuohy Brothers Jeff Robertson - Water Tower Research Philip Riley Thank you, and good morning. Welcome to our conference call covering the second quarter 2023 results.

Riley Exploration Permian, Inc. (REPX) Q2 2023 Earnings Call Transcript

Investors need to pay close attention to Riley Exploration Permian (REPX) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Riley Exploration Permian (REPX) Stock?

Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.37 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.42 per share a year ago.

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

OKLAHOMA CITY , Aug. 7, 2023 /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, 2023. SECOND  QUARTER 2023 HIGHLIGHTS Closed on the acquisition of oil and natural gas assets in New Mexico and successfully transitioned operations to the Company Averaged oil production of 15.1 MBbls/d (21.2 MBoe/d total equivalent production), representing an increase of 80% as compared year-over-year to the second quarter 2022 and an increase of 52% as compared quarter-over-quarter to the first quarter of 2023 Reported net income of $33 million, or $1.65 per diluted share, which includes $11 million of non-cash gain on derivative contracts and income from operations of $45 million Generated $66 million of Adjusted EBITDAX(1) and $56 million of operating cash flow Incurred total accrual (activity-based) capital expenditures before acquisitions of $39 million and total cash capital expenditures before acquisitions of $48 million Paid dividends of $0.34 per share in the second quarter for a total of $7 million Bobby Riley, Chairman and CEO of Riley Permian, stated, "We're pleased to report another successful quarter with record-high metrics across production and cash flow from operations.

News for Riley Exploration Permian Stock (REPX)