Welcome to our dedicated page for Riley Exploration Permian news (Ticker: REPX), a resource for investors and traders seeking the latest updates and insights on Riley Exploration Permian stock.
Riley Exploration Permian Inc. (REPX) delivers oil and natural gas exploration updates through this comprehensive news hub. Track official announcements covering operational milestones, technical developments, and strategic initiatives in the Permian Basin.
Access timely updates on capital projects, drilling innovations, and partnership formations that demonstrate REPX's leadership in horizontal drilling. Investors will find earnings reports, acquisition details, and joint venture announcements essential for monitoring the company's growth strategy.
This resource consolidates REPX's energy sector developments while maintaining strict editorial neutrality. Bookmark this page for direct access to primary source materials and filtered news updates from one of the Permian Basin's focused operators.
Riley Exploration Permian (NYSE: REPX) has announced a quarterly cash dividend of $0.38 per share, payable on May 8, 2025, to stockholders of record as of April 24, 2025. The company will release its first quarter 2025 financial and operating results on May 7, 2025 after market close.
The company will host an earnings conference call on May 8, 2025 at 9:00 a.m. CT for investors and analysts. An updated company presentation will be available on Riley Permian's website prior to the call. A replay of the conference call will be accessible until May 22, 2025.
Riley Exploration Permian (NYSE: REPX) reported strong financial and operational results for Q4 and full-year 2024. The company achieved total production of 22.5 MBoe/d (15.1 MBbls/d oil) for 2024, representing 22% total production growth and 15% oil production growth year-over-year.
Key 2024 financial highlights include:
- Generated $246M in operating cash flow
- Achieved $117M in Total Free Cash Flow (67% growth)
- Reduced debt by $90M
- Paid dividends of $1.46 per share ($31M total)
The company's proved reserves increased 15% to 124 MMBoe, with oil representing 54% of total reserves. For 2025, Riley Permian projects total production of 24.6-25.6 MBoe/d and plans capital expenditures of $188-232M, including investments in upstream operations, midstream development, and power joint venture projects.
Riley Exploration Permian (NYSE American: REPX) has announced it will release its fourth quarter and full year 2024 financial and operating results on March 5, 2025, after U.S. market close. The company will host a conference call for investors and analysts on March 6, 2025, at 9:00 a.m. CT.
The earnings call will include a Q&A session and an updated company presentation will be available on Riley Permian's website prior to the call. Participants can join using toll-free (1-888-596-4144) or toll (1-646-968-2525) numbers with conference ID 1303008. A replay will be available until March 20, 2025.
Riley Exploration Permian (NYSE American: REPX) has announced a quarterly cash dividend of $0.38 per share. The dividend will be paid on February 6, 2025, to shareholders who are recorded as stockholders at the close of business on January 23, 2025. The dividend declaration was approved by the company's Board of Directors.
Riley Exploration Permian (NYSE: REPX) has announced significant amendments to its senior secured revolving credit facility. The key changes include extending the facility maturity from April 2026 to December 2028, a 7% increase in borrowing base and commitment levels from $375 million to $400 million, and an expansion of the lending syndicate to nine total lenders. As of December 13, 2024, the company had drawn $117 million on the facility, leaving $283 million in available credit.
Riley Permian (REPX) reported Q3 2024 financial results with total production averaging 23.4 MBoe/d (66% oil). The company generated $72.1 million in operating cash flow and $37.8 million in Free Cash Flow. Revenue totaled $102.3 million with net income of $25.7 million ($1.21 per diluted share). The company reduced debt by $35.0 million and paid dividends of $0.36 per share. Notable operational updates include completing installation of 20 MW electrical generation capacity and discontinuing the EOR Project, resulting in a $30.2 million impairment charge.
Riley Exploration Permian (NYSE American: REPX) has announced a 6% increase in its quarterly cash dividend to $0.38 per share, payable on November 7, 2024, to stockholders of record as of October 24, 2024. This represents an increase from the previous $0.36 per share dividend distributed in the four preceding quarters. Additionally, the company has scheduled its third quarter 2024 earnings release for November 6, 2024, after U.S. financial markets close.
A conference call for investors and analysts is planned for November 7, 2024, at 9:00 a.m. CT to discuss the results and host a Q&A session. An updated company presentation will be available on Riley Permian's website prior to the call. A replay of the call will be accessible until November 21, 2024.
Riley Exploration Permian (NYSE American: REPX) reported its Q2 2024 results, showcasing a strong financial and operational performance. The company achieved a total equivalent production of 21.3 MBoe/d, including 14.7 MBbls/d of oil. Key financial highlights include $105.4 million in revenue, $51.6 million in operating cash flow, and $33.5 million in net income, equating to $1.59 per diluted share.
The company generated Free Cash Flow of $38.3 million and paid $7.5 million in dividends. Debt reduction was substantial, with $20 million repaid. An additional $25.4 million raised through equity helped facilitate the acquisition of 13,900 net acres in New Mexico.
Management highlighted cost efficiencies in drilling and completion activities, contributing to improved free cash flow. The company expanded its power joint venture, RPC Power , increasing its ownership to 50% and planning new energy projects for ERCOT.
Guidance for Q3 and full-year 2024 includes projections for drilling, completions, and production, maintaining a focus on operational efficiency and financial prudence.
Riley Exploration Permian (NYSE American: REPX) has declared a quarterly cash dividend of $0.36 per share, payable on August 8, 2024, to shareholders of record as of July 25, 2024. The company will release its Q2 2024 financial results on August 7, 2024, post-market close. Riley Permian's management will host a conference call on August 8, 2024, at 9:00 a.m. CT to discuss these results and conduct a Q&A session. The call details and a presentation will be available on the company's website, with a replay accessible until August 22, 2024.
Conduit Power and Riley Permian have announced an expansion of their joint venture, RPC Power. This agreement will enable the construction of new power generation and storage assets for the sale of energy and ancillary services to ERCOT, the Texas power grid operator. RPC Power, initially formed in March 2023, uses Riley Permian's natural gas to power oilfield operations in Yoakum County, Texas. The expansion includes plans for 100MW of natural gas-fueled generation and battery storage systems across multiple West Texas facilities, targeting commercial operations in 2025. Conduit will manage these facilities, while Riley Permian will increase its stake to 50% and supply up to 10 MMcf/d of natural gas. This initiative aims to improve grid resiliency, flexibility, and profitability, leveraging West Texas's abundant natural gas and addressing power supply shortfalls.
