earnings
confidence high
sentiment positive
materiality 0.75
Riley Permian reports FY2024 net income $89M, oil production +15% YoY, 2025 guidance 24.6-25.6 MBoe/d
Riley Exploration Permian, Inc.
- FY2024 net income $89M ($4.26 diluted EPS); Adjusted EBITDAX $284M; Total FCF $117M (+67% YoY).
- Oil production averaged 15.1 MBbls/d (+15% YoY); upstream capex cut 27% to $97M.
- Reduced total debt $90M to $269M; debt/Adjusted EBITDAX ratio 1.0x.
- 2025 guidance: production 24.6-25.6 MBoe/d (oil 15.8-16.3 MBbls/d); capex $188-232M incl. $60-80M midstream.
- New Mexico gas midstream project: $130M approved; first compressor station March 2025, pipeline by end 2026.