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 , 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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Best Income Stocks to Buy for January 28th

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.

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