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 Q1 2024

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OKLAHOMA CITY, April 26, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release fiscal second quarter 2022 financial and operating results on May 11, 2022 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 May 12, 2022 at 10:00 a.m.

Riley Permian Schedules Fiscal Second Quarter 2022 Earnings Release and Conference Call

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OKLAHOMA CITY , March 17, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian"), today announced that it was advised by Yorktown Energy Partners V, L.P. ("Yorktown V"), that Yorktown V distributed an aggregate of 400,000 shares of common stock of Riley Permian to Yorktown V's limited and general partners after the close of the stock market on March 16, 2022, in accordance with the terms of Yorktown V's partnership agreement.

Riley Permian Announces Partial Distribution of Common Stock by Investor

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 may not translate into further price increase in the near term.

Strength Seen in Riley Exploration Permian, Inc. (REPX): Can Its 10.1% Jump Turn into More Strength?

Riley Exploration Permian, Inc. (REPX) CEO Bobby Riley on Q1 2022 Results - Earnings Call Transcript

OKLAHOMA CITY, Feb. 14, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operational results for the fiscal first quarter ended December 31, 2021. HIGHLIGHTS FOR THE FISCAL FIRST QUARTER ENDING DECEMBER 31, 2021 Increased total production by 31% to 9.9 MBoe per day (73% oil) for the fiscal first quarter 2022, as compared to fiscal first quarter 2021 Reported net income of $21.4 million with income from operations of $33.4 million Generated $27.1 million of Adjusted EBITDAX(1), $21.7 million of operating cash flows and $13.9 million of Adjusted Net Income(1) Incurred total capital expenditures of $20.7 million Realized a Cash Margin(1) of $46.09 per Boe before derivative settlements or $28.58 per Boe after derivative settlements Declared dividends of $0.31 per share for a total of $6.1 million "Riley Permian completed another strong fiscal quarter with continued growth across operating and financial metrics," said Bobby Riley, Riley Permian's Chairman and CEO.

Riley Permian Reports Fiscal First Quarter 2022 Financial and Operating Results

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Riley Exploration Permian is a low-cost oil producer in the Permian Basin, focusing on expanding its output. The free cash flow was rather low on a reported basis in FY 2021 as the average received oil price was just $52, and the company invested in growth.

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OKLAHOMA CITY, Jan. 27, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today announced that its Board of Directors (the "Board") increased the size of the Board from five to six members and appointed Rebecca (Becky) L. Bayless as an independent member to fill the newly-created directorship, both effective January 25, 2022.

Riley Permian Announces Appointment of Rebecca Bayless to its Board of Directors and Schedules Release of Fiscal First Quarter 2022 Results

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According to the Insider Cluster pages, a Premium feature of GuruFocus, four energy stocks with high insider buys over the past three months are Energy Transfer LP ( ET , Financial), Continental Resources Inc. ( CLR , Financial), Riley Exploration Permian Inc. ( REPX , Financial) and Tidewater Inc. ( TDW , Financial).

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Riley Exploration Permian, Inc.'s (REPX) CEO Bobby Riley on Q4 2021 Results - Earnings Call Transcript

OKLAHOMA CITY, Dec. 13, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operational results for the fiscal fourth quarter and year ended September 30, 2021. HIGHLIGHTS FOR THE FISCAL FULL YEAR ENDING SEPTEMBER 30, 2021 Increased total production by 22% to 3.15 MMBoe for fiscal year 2021, as compared to fiscal year 2020 Reported net loss of $65.7 million with income from operations of $59.9 million for the same period Generated $89.9 million of Adjusted EBITDAX(1), $86.1 million of operating cash flow from continuing operations and $26.0 million of Free Cash Flow(1) Invested total cash capital expenditures before acquisitions of $60.0 million, which corresponds to 70% of operating cash flow from continuing operations Paid $18.3 million in dividends on common units/shares, which corresponds to 21% of operating cash flow from continuing operations or 70% of Free Cash Flow(1) Increased total proved developed reserves by 38% year-over-year to 41.5 MMBoe and increased total proved reserves by 27% year-over-year to 72.2 MMBoe HIGHLIGHTS FOR THE FISCAL FOURTH QUARTER ENDING SEPTEMBER 30, 2021 Increased production by 35% to 9.6 MBoe per day for the three months ended September 30, 2021, as compared to the same period in 2020, or by 5% quarter-over-quarter compared to fiscal third quarter 2021 Reported net income of $15.7 million with income from operations of $26.9 million for the same period Generated $24.5 million of Adjusted EBITDAX(1), $27.2 million of operating cash flow from continuing operations and $7.2 million of Free Cash Flow(1) Realized a Cash Margin(1) of $39.08 per Boe before derivative settlements or $26.41 per Boe after derivative settlements Declared dividends of $0.28 per share with a record date of July 23, 2021 for a total of $5.5 million "Riley Permian completed another strong fiscal year," stated Bobby Riley, Chief Executive Officer and Chairman of the Board of Directors.

Riley Permian Reports Fiscal Fourth Quarter and Year End 2021 Financial and Operating Results

OKLAHOMA CITY, Dec. 2, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its fiscal fourth quarter and full year 2021 on December 13, 2021 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 December 14, 2021 at 11:00 a.m.

Riley Permian Schedules Fiscal Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

OKLAHOMA CITY, Oct. 14, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian", the "Company", "we" or "our"), today announced that it has entered into an amendment to its senior secured revolving credit facility ("Credit Facility") under which the borrowing base and elected commitments of the lenders party thereto have been increased from $135 million to $175 million in connection with its regularly scheduled semi-annual redetermination. Bobby Riley, Riley Permian's Chairman and CEO, commented, "We're pleased to announce the increase in our borrowing base and liquidity profile.

Riley Permian Announces Increase in Borrowing Base

OKLAHOMA CITY, Oct. 7, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian", the "Company", "we" or "our") today announced updates related to its enhanced oil recovery (EOR) pilot project and its upcoming dividend. The Company executed two agreements, effective October 7, 2021, related to its EOR pilot project.

Riley Permian Announces EOR Project Updates and Declares Quarterly Cash Dividend

Riley Exploration Permian's (REPX) CEO Bobby Riley on Q3 2021 Results - Earnings Call Transcript

OKLAHOMA CITY, Aug. 12, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operational results for the fiscal third quarter ended June 30, 2021. HIGHLIGHTS Increased total net equivalent production by 35% to 9.1 MBoe/d for the three months ended June 30, 2021, as compared to the same period in 2020, or by 10% quarter-over-quarter compared to fiscal second quarter 2021 Generated cash flow from continuing operations of $58.8 million for the nine months ended June 30, 2021 Reported a net loss of $21.5 million for the three months ended June 30, 2021, with Income from Operations of $19.3 million for the same period Reduced Cash Costs(1) per Boe by 7% quarter-over-quarter; realized a Cash Margin(1) of $35.11/Boe before derivative settlements or $25.80/Boe after derivative settlements Total cash capital expenditures before acquisitions of $40.1 million for the nine months ended June 30, 2021, which corresponds to 61% of Adjusted EBITDAX(1) Generated Free Cash Flow(1) of $18.8 million for the nine months ended June 30, 2021 Completed $47 million net capital raise in July 2021 with issuance of 1.67 million shares: secured funding for acceleration of Enhanced Oil Recovery ("EOR") program and increased estimated trading float by 77% Exited the third quarter with $6.9 million in cash and $97.5 million drawn on our credit facility; subsequently reduced credit facility borrowings to $62 million in July 2021 Paid cash common dividends of $0.28 per share or $5.0 million in total on May 7, 2021 Announced latest dividend, subsequent to the fiscal third quarter, of $0.28 per share or $5.5 million in total, which was paid August 6, 2021; current dividend(2) implies a 5.8% annualized yield based on the August 6, 2021 closing price of $19.27 per share Commenting on the fiscal third quarter performance, Bobby Riley, Chairman and CEO, said, "Riley Permian continued to perform well in the fiscal third quarterly both operationally and financially.

Riley Permian Reports Fiscal Third Quarter 2021 Financial and Operating Results

OKLAHOMA CITY, Aug. 6, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release fiscal third quarter 2021 financial and operating results on August 12, 2021 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 13, 2021 at 8:00 a.m.

Riley Permian Schedules Fiscal Third Quarter 2021 Earnings Release and Conference Call

OKLAHOMA CITY, July 9, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.28 per share. The dividend is payable on August 6, 2021 to stockholders of record as of the close of business on July 23, 2021.

Riley Permian Declares Cash Dividend

OKLAHOMA CITY, June 30, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced today that it has priced its previously announced public offering of 1,666,667 shares of its common stock at a price to the public of $30.00 per share (the "Offering") for total gross proceeds (before the underwriting discount and estimated expenses) of approximately $50 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 250,000 shares of its common stock sold in the Offering.

Riley Exploration Permian, Inc. Announces Pricing of Public Offering of Common Stock

OKLAHOMA CITY, June 29, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced today that it has commenced an underwritten public offering of shares of its common stock (the "Offering"). The Company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock sold in the Offering.

Riley Exploration Permian, Inc. Announces Proposed Public Offering of Common Stock

Riley Exploration Permian, Inc. (REPX) CEO Bobby Riley on Q2 2021 Results - Earnings Call Transcript

OKLAHOMA CITY, May 11, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operational results for the fiscal second quarter ended March 31, 2021. HIGHLIGHTS Closed reverse merger transaction with Tengasco on February 26, 2021 Increased total equivalent sales volumes to 8.3 MBoe per day for the second quarter 2021, an increase of 11% over the same period in 2020, despite significant reductions in capital expenditures and production outages due to two severe storms Generated Cash Flow from Operations of $38.1 million for the six months ended March 31, 2021 Reported a Net Loss of $48.5 million for the three months ended March 31, 2021, with Adjusted Net Income of $8.6 million for the same period Incurred capital expenditures of $17.1 million for the six months ended March 31, 2021, which corresponds to 43% of EBITDAX1, representing a significant decrease of 49% compared to the same period for 2020 Generated Free Cash Flow1 of $20.6 million for the six months ended March 31, 2021 Paid cash common dividends of $3.8 million during the three months ended March 31, 2021; announced latest dividend of $0.28 per share with a record date of April 16, 2021, which was paid May 7, 2021, for a total of $5.0 million Exited the second quarter with $10.1 million in cash and $97.5 million drawn on the credit facility Decreased flaring by 35% quarter-over-quarter Production, cash flow, capital investing and leverage trends all performing in line with previously released guidance and the Company's capital allocation framework Began operations on enhanced oil recovery ("EOR") project, which will utilize a combination of water and C02 injection, including the goal of using anthropogenic CO2 ("ACO2") Bobby Riley, Chief Executive Officer of Riley Permian, stated, "We're excited to have closed our reverse merger transaction and welcome the positive reception by markets thus far.

Riley Exploration Permian, Inc. Reports Fiscal Second Quarter 2021 Financial and Operating Results

OKLAHOMA CITY, May 3, 2021 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release fiscal second quarter 2021 financial and operating results on May 11, 2021 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 Wednesday, May 12, 2021 at 9:00 a.m.

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