Riley Permian Q1 net income $19M, EPS $0.94; production 20.4 MBoe/d; closes $20.5M NM acquisition

Riley Exploration Permian, Inc.

2024-Q1 EPS reported $0.94 revenue$99,744,000

Net income $19M ($0.94 diluted EPS); Adjusted net income $32M ($1.61 diluted). Revenue $100M.
Total production averaged 20.4 MBoe/d (oil 14.2 MBbls/d), up 4% oil from prior quarter.
Generated $23M free cash flow; reduced debt by $15M; paid $0.36/share dividend.
Closed $20.5M acquisition of Eddy County, NM properties adding ~13,900 net acres and 1.1 MBoe/d.
Q2 2024 production guidance 20.3-21.3 MBoe/d; full-year capex $115-129M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Riley Exploration Permian, Inc. reported the first quarter ended March 31, 2024 results: revenue $100 million, net income $19 million, EPS $0.94 per diluted share.

Period: the first quarter ended March 31, 2024
Revenue: $100 million
Net income: $19 million
EPS: $0.94 per diluted share
Result: reported results

Exact text from the filing

First quarter 2024 revenues totaled $100 million, net cash provided by operating activities (including changes in working capital) was $56 million and net income was $19 million, or $0.94 per diluted share.

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Source: SEC EDGAR

accession 0001001614-24-000023

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