secwatch.observer — SEC 8-K summary
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Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001001614-25-000025
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riley Permian to acquire Silverback for $142M; Q1 net income $29M
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- Acquired Silverback Exploration II for ~$142M cash, adding 5 MBoe/d production and 300+ undeveloped locations in Eddy County, NM; expected close early Q3 2025.
- Q1 2025 net income $29M ($1.36 diluted EPS), revenue $102M; adjusted EBITDAX $71M; production 24.4 MBoe/d (15.6 MBbls/d oil).
- Revised 2025 standalone guidance: upstream capex midpoint cut 50%, production midpoint down 3%; combined with Silverback, total investing up 5% vs standalone.
- Reduced total debt by $21M in Q1; debt-to-adjusted EBITDAX ratio 0.9x; liquidity $310M as of March 31, 2025.
- Declared Q1 cash dividend of $0.38 per share, paid $8M total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000100161425000025/0001001614-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000100161425000025/repx-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001001614-25-000025

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