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

REPX reports strong Q1 earnings, eyes revenue diversification through power infrastructure

REPX delivered strong financial and operational performance in Q1 2023, emphasizing its focus on core business optimization and successful acquisitions. The company provided guidance for Q2 2023, highlighting production estimates and capital expenditure plans. REPX expressed readiness for shareholder value creation and remains poised for growth.

REPX reports record-high production and cash flow, anticipates 2024 benefits

REPX achieved record-high production and cash flow, showcased operational strengths, faces potential challenges in cost management, and has growth opportunities through recent acquisitions and capital deployment.

REPX (REPX) Exceeds Q3 Targets, Strengthens Financial Position Amid Disruptions

REPX (REPX) delivered a robust performance in Q3 2023, surpassing production targets and demonstrating financial strength. Despite facing disruptions, the company's strategic focus on growth, operational efficiency, and debt reduction has positioned it for continued success and shareholder value creation.

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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.

Riley Permian Reports Fiscal Third Quarter 2022 Financial and Operating Results

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

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

OKLAHOMA CITY , June 1, 2022 /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 following upcoming conferences. 2022 Louisiana Energy Conference, June 2 nd - 3rd      Location:  Ritz-Carlton in New Orleans      Panel Participation: Friday, June 3 rd 8:00am CT      1-on-1 Meetings: Thursday, June 2 nd      Registration: LE Conference 12th Annual LD Micro Invitational, June 7 th - 9th      Location: Four Seasons Westlake Village in Los Angeles      Presentation: Tuesday, June 7 th, 3:30 PT      1-on-1 Meetings: June 7 th – 9th      Registration: LD Micro Conference 8th Annual Roth London Conference, June 22 nd - 23rd      Location: InterContinental Hotel in London      1-on-1 Meetings: Wednesday and Thursday, June 22 nd and 23rd       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 Conferences

Riley Exploration Permian, Inc. (NYSE:REPX ) Q2 2022 Earnings Conference Call May 12, 2022 11:00 AM ET Company Participants Philip Riley - Executive Vice President, Strategy and Chief Financial Officer Bobby Riley - Chairman and Chief Executive Officer Kevin Riley - President Conference Call Participants Neal Dingmann - Truist Securities John White - ROTH Noel Parks - Tuohy Brothers Jeff Robertson - Water Tower Research Operator Ladies and gentlemen, thank you for standing by. My name is Brent and I will be your conference operator today.

Riley Exploration Permian, Inc. (REPX) CEO Bobby Riley on Q2 2022 Results - Earnings Call Transcript

Riley Exploration Permian, Inc. (REPX) delivered earnings and revenue surprises of -8.26% and 37.08%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

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

OKLAHOMA CITY , May 11, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the fiscal second quarter ended March 31, 2022. HIGHLIGHTS FOR THE FISCAL SECOND QUARTER ENDING MARCH 31, 2022 Averaged oil production of 7.5 MBbls per day, which is at the high end of guidance and represents an increase of 24% as compared year-over-year to the fiscal second quarter 2021 Reported a net loss of $7 million, which includes $31 million of non-cash loss on derivative contracts, Adjusted Net Income(1) of $19 million and income from operations of $41 million Generated $34 million of Adjusted EBITDAX(1) and $30 million of operating cash flow Incurred activity-based total capital expenditures of $25 million and cash capital expenditures of $10 million Paid dividends of $0.31 per share for a total of $6 million Proved reserves of 73 MMBoe (64% oil) with a standardized measure of future discounted cash flows of $863 million PV-10 value(1) of total proved reserves and total proved developed reserves of $1,090 million and $790 million, respectively, as of March 31, 2022 based on NYMEX strip pricing Subsequent to quarter-end, amended our credit facility to extend the maturity to April 2026, increase the borrowing base by 14% to $200 million, and relax minimum hedging requirements to allow for more discretionary hedging decisions when the Company is less levered Increasing guidance for fiscal third quarter and fiscal year 2022 production volumes Mr.

Riley Permian Reports Fiscal Second Quarter 2022 Financial and Operating Results

OKLAHOMA CITY , May 2, 2022 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian", the "Company", "we" or "our"), announced that last week it completed an amendment to its senior secured revolving credit facility ("Credit Facility").  Credit Facility Amendment Highlights: Extended the facility maturity from September 2023 to April 2026 Increased the borrowing base by 14% from $175 million to $200 million Rebalanced allocations among six lenders in the syndicate Relaxed minimum hedging requirements to allow for more discretionary hedging decisions when the Company is less levered As of April 29, 2022, the Company had $63MM drawn on the credit facility with $137MM of availability.

Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base

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

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.

Riley Exploration Permian: Cheap Despite An Overhedged Situation

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