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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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 , 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.

Riley Permian Announces Closing of New Mexico Acquisition

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Crude oil prices rose 6% today as OPEC led by Saudi Arabia agreed to a surprise cut in production over the weekend. Here are 2 top-rated Zacks Oil & Energy stocks that may benefit.

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Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are BLPH, CRD.B, REPX, HROW and LNTH.

5 Stocks With Recent Price Strength Amid March Rally

Riley Exploration Permian, Inc. (REPX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Riley Exploration Permian, Inc. (REPX) Soars 6.8%: Is Further Upside Left in the Stock?

If you are looking for stocks that are well positioned to maintain their recent uptrend, Riley Exploration Permian, Inc. (REPX) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Recent Price Trend in Riley Exploration Permian, Inc. (REPX) is Your Friend, Here's Why

Riley is sitting on the cusp of a big jump in revenues on smart acquisitions, and would be a real beneficiary of any uptick in oil/gas quotes during 2023. The valuation story looks like a bargain vs. peers and competitors operating in the Permian Basin.

Riley Exploration Permian: Strongest Relative Strength In U.S. Oil/Gas And Bargain Valuation

OKLAHOMA CITY , March 9, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian") today announced that members of its management will present and be available for meetings with investors at the upcoming 35th Annual Roth Conference. 35th Annual Roth Conference, March 12 th-14th  Location: The Ritz Carlton, Laguna Niguel, CA 1-on-1 Meetings: Monday and Tuesday, March 13 th and 14th  Registration: Roth Conference About Riley Permian Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and natural gas liquids.

Riley Permian Announces Participation in Upcoming Investor Conference

Riley Exploration Permian, Inc. (NYSE:REPX ) Q4 2022 Earnings Conference Call March 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 Neal Dingmann – Truist Securities John White – ROTH MKM Capital Jeff Robertson – Water Tower Research Operator Hello, and thank you for standing by. My name is Regina and I will be your conference operator today.

Riley Exploration Permian, Inc. (REPX) Q4 2022 Earnings Call Transcript

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

Riley Exploration Permian, Inc. (REPX) Is a Great Choice for 'Trend' Investors, Here's Why

Riley Exploration Permian, Inc. (REPX) delivered earnings and revenue surprises of 33.33% and 18.23%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Riley Exploration Permian, Inc. (REPX) Beats Q4 Earnings and Revenue Estimates

OKLAHOMA CITY , March 8, 2023 /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, 2022. FOURTH  QUARTER 2022 HIGHLIGHTS Averaged oil production of 10.0 MBbls/d, exceeding the high end of guidance and representing an increase of 37% as compared year-over-year to the fourth quarter 2021 Reported net income of $27 million, or $1.37 per share, which includes $7 million of non-cash gain on derivative contracts and income from operations of $41 million Generated $46 million of Adjusted EBITDAX(1) and $40 million of operating cash flow, representing a decrease of 10% and 28%, respectively, over the prior quarter, driven primarily by lower commodity pricing Incurred total accrual (activity-based) capital expenditures before acquisitions of $27 million and total cash capital expenditures before acquisitions of $30 million Paid dividends of $0.34 per share in the fourth quarter for a total of $7 million FULL YEAR 2022 HIGHLIGHTS Increased net oil production by 31% year-over-year to 8.8 MBbls/d and total net equivalent production by 25% year-over-year to 11.5 MBoe/d Reported net income of $118 million, or $6.04 per share, with income from operations of $204 million Generated $176 million of Adjusted EBITDAX(1), $170 million of operating cash flow from continuing operations and $56 million of Free Cash Flow(1) Invested total cash capital expenditures before acquisitions of $113 million, corresponding to a reinvestment rate of 66% of operating cash flow from continuing operations, down from 88% in 2021 Paid $25 million in dividends on common shares, corresponding to 44% of Free Cash Flow(1) Reported total proved developed reserves of 47 MMBoe and total proved reserves of 72 MMBoe based on NYMEX pricing Completed change in fiscal year end to December 31st from September 30th during the calendar third quarter 2022 In February 2023, Riley Permian entered into a definitive purchase agreement to acquire oil and natural gas assets from Pecos Oil & Gas, LLC, an investment of Cibolo Energy Partners LLC, for cash consideration of $330 million, subject to customary closing adjustments, (the "New Mexico Acquisition").

Riley Permian Reports Fourth Quarter Results and Provides 2023 Guidance

Project to Utilize Captured Flare Gas for On-Site Power Generation OKLAHOMA CITY and HOUSTON , March 2, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian") and Conduit Power, LLC ("Conduit"), a portfolio company of Grey Rock Investment Partners ("Grey Rock"), today announced that they entered into definitive agreements to form a joint venture that will own and operate on-site power generation utilizing captured flared natural gas (the "Project") to power Riley Permian's operations in Yoakum County, Texas. The Project will be completed in phases and will ultimately include 20 megawatts ("MW") of power.

Conduit Power and Riley Permian Form Joint Venture to Build New Power Infrastructure

OKLAHOMA CITY, Feb. 28, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that it has entered into a definitive purchase agreement to acquire oil and gas assets from Pecos Oil & Gas, LLC ("Pecos"), an affiliate of Cibolo Energy Partners LLC ("Cibolo"), for cash consideration of $330 million. The acquisition will be funded through a combination of borrowings under the Company's revolving credit facility and the proceeds from the issuance of new senior unsecured notes.

Riley Permian Announces New Mexico Yeso Trend Acquisition

OKLAHOMA CITY, Feb. 22, 2023 /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 2022 on March 8, 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 March 9, 2023 at 9:00 a.m.

Riley Permian Schedules Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

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.

Here's Why Momentum in Riley Exploration Permian, Inc. (REPX) Should Keep going

Riley Exploration Permian has a P1 reserve addition cost of $6/boe. In 2023, fewer volumes are hedged freeing up FCFs.

Riley Exploration Permian: Low-Cost Production And CO2 Projects Will Support The Growth

Riley Exploration Permian, Inc. (REPX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Riley Exploration Permian, Inc. (REPX): Can Its 18.2% Jump Turn into More Strength?

Riley Exploration Permian, Inc. (NYSE:REPX ) Q3 2022 Earnings Conference Call November 15, 2022 11:00 AM ET Company Participants Philip Riley - Chief Financial Officer and Executive Vice President, Strategy Bobby Riley - Chairman and Chief Executive Officer Kevin Riley - President Conference Call Participants Neal Dingmann - Truist Securities John White - ROTH Capital Noel Parks - Tuohy Brothers Richard Dearnley - Longport Partners Operator Hello and thank you for standing by. My name is Regina and I will be your conference operator today.

Riley Exploration Permian, Inc. (REPX) Q3 2022 Earnings Call Transcript

OKLAHOMA CITY , Nov. 14, 2022 /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, 2022. HIGHLIGHTS FOR THE THIRD QUARTER ENDING SEPTEMBER 30, 2022 Averaged oil production of 9.4 MBbls per day, which exceeds the high end of guidance and represents an increase of 36% as compared year-over-year to the third quarter 2021 and an increase of 13% as compared quarter-over-quarter to the second quarter 2022 Began water injection on our EOR project during the third quarter and CO2 injection during the fourth quarter Reported net income of $60 million, which includes $35 million of non-cash gain on derivative contracts and income from operations of $59 million Generated $51 million of Adjusted EBITDAX(1) and $55 million of operating cash flow, representing an increase of 14% and 25%, respectively, over the prior quarter Incurred total accrual (activity-based) capital expenditures of $37 million and total cash capital expenditures of $35 million Paid dividends of $0.31 per share for a total of $6 million during the third quarter and paid dividends of $0.34 per share in the fourth quarter Completed change in fiscal year end to December 31st from September 30th "During our calendar third quarter, we generated several record-high metrics, including oil and total production, cash flow from operations and earnings per share," said Riley Permian Chairman and CEO, Bobby Riley.

Riley Permian Reports Calendar Third Quarter 2022 Financial and Operating Results

OKLAHOMA CITY , Oct. 26, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced that its bank group has increased the Company's borrowing base of its senior secured revolving credit facility from $200 million to $225 million.  Additionally, the Company announced plans to release third quarter 2022 financial and operating results on November 14, 2022 after the U.S. financial markets close.

Riley Permian Announces Increase in Borrowing Base and Schedules Third Quarter 2022 Earnings Release and Conference Call

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Riley Exploration Permian saw its IBD SmartSelect Composite Rating rise to 96 Monday, up from 94 the day before. The post Riley Exploration Permian Joins Rank Of Stocks With 95-Plus Composite Rating appeared first on Investor's Business Daily.

Riley Exploration Permian Joins Rank Of Stocks With 95-Plus Composite Rating

Riley Exploration has hedged a large portion of its oil production at a lower oil price. This could be a blessing in disguise as the results will likely not get materially worse compared to the previous few quarters.

Riley Exploration Permian Is Now Very Cheap, Offers 7.5%+ Yield

Riley Exploration Permian, Inc. (NYSE:REPX ) Q3 2022 Earnings Conference Call August 11, 2022 11:00 AM ET Company Participants Philip Riley - EVP of Strategy and CFO Bobby Riley - Chairman & CEO Kevin Riley - President Conference Call Participants Bertrand Donnes - Truist Securities Noel Parks - Tuohy Brothers Jeff Robertson - Water Tower Research Sandra VandenBrink - Tokay Capital Corp Richard Dearnley - Longport Partners Operator Good morning. My name is Emma and I will be your conference operator today.

Riley Exploration Permian, Inc. (REPX) CEO Bobby Riley on Q3 2022 Results - Earnings Call Transcript

Riley Exploration Permian, Inc. (REPX) delivered earnings and revenue surprises of 12.70% and 58.75%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Riley Exploration Permian, Inc. (REPX) Q3 Earnings and Revenues Beat Estimates

OKLAHOMA CITY , Aug. 10, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the fiscal third quarter ended June 30, 2022. HIGHLIGHTS FOR THE FISCAL THIRD QUARTER ENDING JUNE 30, 2022 Averaged oil production of 8.4 MBbls per day, which exceeds the high end of guidance and represents an increase of 24% as compared year-over-year to the fiscal third quarter 2021 and 12% as compared quarter-over-quarter to the fiscal second quarter 2022 Reported net income of $39 million, which includes $13 million of non-cash gain on derivative contracts and income from operations of $63 million Generated $45 million of Adjusted EBITDAX(1) and $44 million of operating cash flow, representing an increase of 29% and 47%, respectively, over the prior quarter Incurred total accrual (activity-based) capital expenditures of $34 million and total cash capital expenditures of $37 million Paid dividends of $0.31 per share for a total of $6 million Reported proved reserves of 79 MMBoe (64% oil) with a standardized measure of future discounted cash flows of $1,046 million PV-10 value(1) of total proved reserves and total proved developed reserves of $1,098 million and $807 million, respectively, as of June 30, 2022 based on NYMEX strip pricing "In the fiscal third quarter, we generated record oil production, revenue and operating cash flow," said Riley Permian Chairman and CEO, Bobby Riley.

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