secwatch.observer — SEC 8-K summary
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Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001001614-22-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riley Permian Q3 oil production up 36% YoY to 9.4 MBbls/d; net income $60M, dividend raised 10%
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- Oil production averaged 9.4 MBbls/day, 36% above Q3 2021 and 13% above Q2 2022; total production also record.
- Net income of $60 million (incl. $35M non-cash derivative gain); operating income of $59 million.
- Adjusted EBITDAX of $51 million; operating cash flow of $55 million, up 14% and 25% sequentially.
- Capital expenditures: $37M accrual-based, $35M cash; dividend of $0.31/share paid in Q3, $0.34/share in Q4 after 10% increase declared in Oct 2022.
- EOR project: water injection began in Q3, CO2 injection started in Q4; liquidity strengthened with lower borrowings and increased borrowing base.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000100161422000033/0001001614-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000100161422000033/repx-20221114.htm
  HTML page:      https://secwatch.observer/filing/0001001614-22-000033

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