Riley Permian reports FY2021 net loss $65.7M, Adjusted EBITDAX $89.9M; Q4 net income $15.7M

Riley Exploration Permian, Inc.

FY2021 production up 22% to 8,640 Boe/d; Q4 production 9,581 Boe/d (+35% YoY).
Q4 dividend $0.28/share; October 2021 dividend raised to $0.31/share ($6.1M total).
FY2022 capex guidance $85-95M; expects 11-15% production growth over FY2021.
Q4 cash margin $39.08/Boe before derivatives, $26.41/Boe after; LOE $6.45/Boe.
EOR pilot program progressing: 6 vertical injection wells drilled; CCUS projects advancing.

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