Riley Exploration Permian

Riley Exploration Permian, Inc. (NYSE:REPX ) Q4 2024 Earnings Conference Call March 6, 2025 10:00 AM ET Company Participants Philip Riley - CFO Bobby Riley - Chairman and CEO John Suter - COO Conference Call Participants Neal Dingmann - Truist Securities Derrick Whitfield - Texas Capital John White - ROTH Capital Noel Parks - Tuohy Brothers 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.» Mehr auf seekingalpha.com

Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.47 per share, missing the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $0.70 per share a year ago.» Mehr auf zacks.com

OKLAHOMA CITY , March 5, 2025 /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, 2024. FOURTH QUARTER 2024 HIGHLIGHTS Averaged 25.0 MBoe/d of total equivalent production (oil production of 15.9 MBbls/d) Generated $66 million of operating cash flow or $51 million before changes in working capital(1), $18 million of Total Free Cash Flow(1) and $29 million of Upstream Free Cash Flow(1) Incurred total accrual (activity-based) capital expenditures of $31 million ($20 million for upstream) Reduced debt outstanding by $20 million with a debt-to-Adjusted EBITDAX(1) ratio of 1.0x(2) Signed a gas purchase agreement as part of our larger New Mexico midstream development project FULL-YEAR 2024 HIGHLIGHTS Averaged 22.5 MBoe/d of total equivalent production (oil production of 15.1 MBbls/d) Generated $246 million of operating cash flow or $227 million before changes in working capital(1), $117 million of Total Free Cash Flow(1) and $128 million of Upstream Free Cash Flow(1) Completed the 2024 New Mexico Asset Acquisition adding 13,900 net acres adjacent to our existing acreage Began operations at our phase 1 self-generation power joint venture project; announced phase 2 project for selling power into ERCOT and increased our ownership in the joint venture from 35% to 50% 2025 GUIDANCE HIGHLIGHTS Full-year 2025 guidance for total production of 24.6 - 25.6 MBoe/d (oil production of 15.8 - 16.3 MBbls/d) Full-year 2025 guidance for activity-based investing expenditures before acquisitions of $188 - 232 million, including $110 - 130 million for upstream, $60 - 80 million for midstream and $18 - 22 million for our power joint venture ________________ (1) A non-GAAP financial measure as defined and reconciled in the supplemental financial tables available on the Company's website at www.rileypermian.com.» Mehr auf prnewswire.com