earnings
confidence high
sentiment neutral
materiality 0.60
Riley Permian Q3 net income $25.7M, EPS $1.21; records $30.2M EOR impairment
Riley Exploration Permian, Inc.
2024-Q3 EPS reported
$3.76
revenue$307,486,000
- Total equivalent production 23.4 MBoe/d, oil 15.5 MBbls/d, up 6% QoQ.
- Revenues $102.3M, net income $25.7M ($1.21 diluted); Adjusted EBITDAX $71.7M.
- Recorded $30.2M impairment from discontinuing EOR project ($28.9M non-cash).
- Reduced total debt by $35M; paid $0.36/share dividend; Free Cash Flow $37.8M.
- Q4 guidance: production 23.5-24.5 MBoe/d, E&P capex $32-42M.