earnings
confidence high
sentiment neutral
materiality 0.75
Riley Permian reports fiscal Q2 net loss of $7M; adjusted net income $19M, oil production up 24% YoY
Riley Exploration Permian, Inc.
2022-Q2 EPS reported
$0.73
revenue$124,495,000
- Net loss of $7M (incl. $31M non-cash loss on derivatives); adjusted net income $19M; operating income $41M.
- Oil production averaged 7.5 MBbls/d (+24% YoY); total equivalent production 9.8 MBoe/d.
- Paid dividend of $0.31/share ($6M); thirteenth consecutive quarterly dividend.
- Subsequent to quarter-end, credit facility amended: maturity extended to Apr 2026, borrowing base increased 14% to $200M.
- Full-year fiscal 2022 capex guidance $102-111M; fiscal Q3 oil production guidance 7.6-8.1 MBbls/d.