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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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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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.

Riley Permian Reports Second Quarter 2023 Results

OKLAHOMA CITY , July 26, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its second quarter on August 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 August 8, 2023 at 10:00 a.m.

Riley Permian Schedules Second Quarter 2023 Earnings Release and Conference Call

Riley Exploration Permian is restructuring its cost structure and increasing volume, with a 3.68% dividend yield and a realized income of $67.06/bbl. The company's Texas property has lower than median drilling costs. REPX has acquired land in New Mexico for $330 million, expected to yield 100 high-quality drilling locations. This area is expected to make up 25-35% of all exploration and production costs for REPX for FY23. Despite the depression in oil and natural gas prices, REPX's volume increases have offset the price decrease.

Riley Exploration Explores New Area In New Mexico

Riley Exploration Permian offers a degree of stability that many other oil and gas firms do not currently provide. REPX has low leverage, which reduces the risk profile for investors now and moving forward. Despite not generating much excess cash flow, the company's low leverage ratio and potential for share price appreciation make it an interesting prospect for investors bullish on oil and gas.

Riley Exploration Permian: A Good Trade-Off For Those Desiring Safety

OKLAHOMA CITY , July 10, 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 $0.34 per share. The dividend is payable on August 3, 2023 to stockholders of record as of the close of business on July 20, 2023.

Riley Permian Declares Quarterly Cash Dividend

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Riley Exploration Permian, Inc. (REPX) Is a Trending Stock: Facts to Know Before Betting on It

Investors Heavily Search Riley Exploration Permian, Inc. (REPX): Here is What You Need to Know

Here is What to Know Beyond Why Riley Exploration Permian, Inc. (REPX) is a Trending Stock

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Is Trending Stock Riley Exploration Permian, Inc. (REPX) a Buy Now?

OKLAHOMA CITY , May 17, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced that members of its management team will participate in a fireside chat with Jeff Robertson of Water Tower Research on May 18th at 2:00pm ET. The discussion will focus on Riley Permian's business strategy, priorities and opportunities, among other topics.

Riley Permian to Participate in Fireside Chat with Water Tower Research

Riley Exploration Permian, Inc. (NYSE:REPX ) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Philip Riley - Chief Financial Officer Bobby Riley - Chairman and Chief Executive Officer Kevin Riley - President Conference Call Participants Neil Dingmann - Truist Securities Noel Parks - Tuohy Brothers Investment Research Operator Hello and thank you for standing by. My name is Jeremy and I will be your conference operator today.

Riley Exploration Permian, Inc. (REPX) Q1 2023 Earnings Call Transcript

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Riley Exploration Permian, Inc. (REPX) is Attracting Investor Attention: Here is What You Should Know

Riley Exploration Permian, Inc. is an independent E&P that operates in the Permian Basin of Texas and New Mexico. The company is poised to deliver very strong production growth this year, due heavily to an acquisition that it completed a few weeks ago.

Riley Exploration Permian: Good Company, But Wait For Price Action To Calm

Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1 per share a year ago.

Riley Exploration Permian, Inc. (REPX) Misses Q1 Earnings Estimates

OKLAHOMA CITY , May 8, 2023 /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, 2023. FIRST QUARTER 2023 HIGHLIGHTS Averaged oil production of 9.9 MBbls/d, representing an increase of 32% as compared year-over-year to the first quarter 2022, driven solely by organic growth Reported net income of $32 million, or $1.60 per diluted share, which includes $11 million of non-cash gain on derivative contracts and income from operations of $36 million Generated $44 million of Adjusted EBITDAX(1) and $33 million of operating cash flow Incurred total accrual (activity-based) capital expenditures before acquisitions of $42 million and total cash capital expenditures before acquisitions of $35 million Formed a joint venture to build a new power infrastructure for onsite generation using produced natural gas Closed a previously announced a transformative acquisition of oil and natural gas assets in New Mexico in April Paid dividends of $0.34 per share in the first quarter for a total of $7 million Subsequent to quarter end and as previously disclosed, in April 2023, Riley Permian completed its acquisition of oil and natural gas assets (the "New Mexico Acquisition"), which are located in Eddy County and primarily target the Yeso trend.

Riley Permian Reports First Quarter 2023 Results

Lower commodity prices are expected to have affected Riley Permian's (REPX) performance in Q1.

Riley Permian (REPX) to Report Q1 Earnings: What to Expect?

After losing some value lately, a hammer chart pattern has been formed for Riley Exploration Permian, Inc. (REPX), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Riley Exploration Permian, Inc. (REPX) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Riley Exploration Permian, Inc. (REPX) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

What Makes Riley Exploration Permian, Inc. (REPX) a Good Fit for 'Trend Investing'

OKLAHOMA CITY, Okla. , April 25, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its first quarter on May 8, 2023 after the U.S. financial markets close.

Riley Permian Schedules First Quarter 2023 Earnings Release and Conference Call

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Riley Exploration Permian, Inc. (REPX) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Riley Exploration Permian, Inc. (REPX) is on the Move, Here's Why the Trend Could be Sustainable

OKLAHOMA CITY , April 4, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian") today announced that it completed its previously announced acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas, LLC, an affiliate of Cibolo Energy Partners LLC (the "New Mexico Acquisition"). Consideration for the New Mexico Acquisition was $330 million before customary purchase price adjustments.

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