earnings
confidence high
sentiment positive
materiality 0.80
Riley Permian Q3 net income $39M, oil production record, raises FY22 guidance
Riley Exploration Permian, Inc.
2022-Q3 EPS reported
$2.69
revenue$212,876,000
- Net income $38.6M vs loss of $21.5M year ago; Adjusted EBITDAX $44.5M +98% YoY.
- Oil production 8,363 bbl/d (+24% YoY, +12% QoQ), above high-end guidance.
- Raises FY22 oil production growth to 22-24% (from 17-22%); capex guidance raised to $109-115M.
- Credit facility amended: borrowing base increased to $200M, maturity extended to April 2026.
- Paid dividend $0.31/share; LOE $8.1M, Cash G&A $3.9M at low end of guidance.