M&A
confidence high
sentiment positive
materiality 0.75
REPX completes Pecos acquisition; Pecos 2022 rev $113.4M, net income $25.3M
Riley Exploration Permian, Inc.
- Acquired assets in Eddy County, NM targeting Yeso trend closed Apr 3, 2023.
- Pecos 2022 revenue $113.4M, net income $25.3M, vs loss $20.7M in 2021.
- Pecos total assets $199.7M, member's equity $53.8M as of Dec 31, 2022.
- Pecos had $100.6M related party note payable and $15.3M earnout liability.
- Pro forma combined financial statements filed for Q1 2023 and FY 2022.