Riley Permian Q3 net income $9M, raises dividend 6% to $0.36/share

Riley Exploration Permian, Inc.

2023-Q3 EPS reported $3.68 revenue$275,218,000

Q3 oil production 14.0 MBbls/d (19.9 MBoe/d total), up 49% YoY but down 7% vs Q2 due to midstream disruptions.
Net income $9M ($0.43 diluted); adjusted net income $32M ($1.58); free cash flow $31M.
Raised quarterly dividend 6% to $0.36/share, payable Nov 2023; reduced debt by $10M.
Q4 guidance: production 18.2-19.0 MBoe/d, capex $27-33M; expects power JV in service Q4.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Riley Exploration Permian, Inc. reported financial results for for the third quarter ended September 30, 2023.

Period: for the third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 7, 2023 , Riley Exploration Permian, Inc. (the “Company”) announced its financial condition and results of operations for the third quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001001614-23-000038

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