Riley Permian Q1 net income $21.4M, revenue $56.7M, production 9.9 MBoe/d

Riley Exploration Permian, Inc.

2022-Q1 EPS reported $1.09 revenue$57,250,000

Net income $21.4M vs loss $7.9M a year ago; revenue $56.7M, up 153% YoY.
Production 9,940 Boe/d (73% oil), up 31% YoY; Adjusted EBITDAX $27.1M.
Cash margin $46.09/boe before derivatives ($28.58 after); cash costs $15.85/boe.
Accrued capex $20.7M in Q1; Q2 guidance $26-32M; dividend $0.31/sh declared.
Oil production guidance 7.25-7.50 MBbl/d; total equivalent 9.4-10.0 MBoe/d for Q2.

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