secwatch.observer — SEC 8-K summary
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Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001001614-23-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riley Permian Q4 net income $27M, oil production +37% YoY; announces $330M New Mexico acquisition
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- Net income of $27M ($1.37 EPS); adjusted EBITDAX $46M; oil production 10.0 MBbls/d, above guidance.
- Full year 2022 oil production 8.8 MBbls/d (+31% YoY); net income $118M; operating cash flow $170M.
- Entered $330M cash acquisition of Pecos Oil & Gas assets in Eddy County, NM, expected close early Q2 2023.
- 2023 combined guidance: oil 12.8-13.4 MBbls/d (pro forma), capex $160-180M; Q1 standalone oil 9.8-10.2 MBbls/d.
- Quarterly dividend raised 10% to $0.34/share; credit facility borrowing base increased to $225M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000100161423000010/0001001614-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000100161423000010/repx-20230308.htm
  HTML page:      https://secwatch.observer/filing/0001001614-23-000010

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