secwatch.observer — SEC 8-K summary
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Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001001614-23-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riley Permian Q2 net income $33M, oil output +80% YoY; reduces FY capex guidance
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- Q2 oil production 15,055 bbl/d (+80% YoY, +52% QoQ); total output 21,236 boe/d (+109% YoY).
- Net income $33.1M ($1.65 diluted EPS); includes $11M non-cash derivative gain; Adjusted EBITDAX $66.3M.
- Acquisition of New Mexico assets closed early Q2; integration on track; drilling commenced April.
- Total capex before acquisitions $39M accrual ($48M cash), below prior guidance; FY capex reduced to $130-152M.
- Dividend maintained at $0.34/share; Q3 2023 production guidance 18.6-19.8 MBoe/d, oil 13.0-14.0 MBbl/d.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000100161423000030/0001001614-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000100161423000030/repx-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001001614-23-000030

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