---
schema_version: "secwatch.filing_event.v1"
accession: "0001001614-23-000017"
form_type: "8-K"
ticker: "REPX"
cik: "0001001614"
company_name: "Riley Exploration Permian, Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T11:44:59.587816+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Riley Permian Q1 net income $32M, oil production up 32% YoY; New Mexico acquisition closed April 2023

## Summary
- Net income $32M ($1.60 diluted EPS); revenue from oil and gas sales $66.4M, down 14% QoQ.
- Oil production averaged 9,922 bbl/d (+32% YoY); total production 13,169 Boe/d (+34% YoY).
- Adjusted EBITDAX $44M; operating cash flow $33M; paid $0.34/share dividend ($7M).
- Closed transformative New Mexico acquisition in April 2023; added $200M senior notes to fund it.
- Q2 2023 guidance: total production 20-21 MBoe/d; oil 14-15 MBbl/d; full-year 2023 guidance unchanged.

## SEC filing metadata
- accession: 0001001614-23-000017
- form_type: 8-K
- ticker: REPX
- cik: 0001001614
- company_name: Riley Exploration Permian, Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001614/000100161423000017/0001001614-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001614/000100161423000017/repx-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001614-23-000017
- JSON: https://secwatch.observer/filing/0001001614-23-000017.json
- Plain text: https://secwatch.observer/filing/0001001614-23-000017.txt

## Key facts
- Earnings Releases
  Riley Exploration Permian, Inc. reported the first quarter ended March 31, 2023 results: revenue $66,412, net income $32 million, or $1.60 per diluted share, EPS $1.60 per diluted share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $66,412
  - Net income: $32 million, or $1.60 per diluted share
  - EPS: $1.60 per diluted share
  - Result: reported results
  source text: Operating and Financial Data (Unaudited) Three Months Ended March 31, 2023 December 31, 2022 March 31, 2022 Select Financial Data (in thousands): Oil and natural gas sales, net $ 66,412 $ 77,446 $ 66,645 Net income (loss) $ 31,851 $ 26,807 $ (7,168) Adjusted EBITDAX (1) $ 43,508 $ 45,876 $ 34,439 Production Data, net: Oil (MBbls) 893 916 675 Natural gas (MMcf)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001614/000100161423000017/0001001614-23-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.