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Riley Permian Increases Dividend and Schedules Third Quarter 2024 Earnings Release and Conference Call

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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) ha annunciato un aumento del 6% del suo dividendo in contanti trimestrale, portandolo a $0.38 per azione, che sarà pagato il 7 novembre 2024, agli azionisti regolarmente registrati il 24 ottobre 2024. Questo rappresenta un incremento rispetto al precedente dividendo di $0.36 per azione distribuito nei quattro trimestri precedenti. Inoltre, la società ha programmato il rilascio dei risultati del terzo trimestre 2024 per il 6 novembre 2024, dopo la chiusura dei mercati finanziari statunitensi.

Una conference call per investitori e analisti è prevista per il 7 novembre 2024, alle 9:00 a.m. CT, per discutere i risultati e ospitare una sessione di domande e risposte. Una presentazione aziendale aggiornata sarà disponibile sul sito web di Riley Permian prima della chiamata. La registrazione della chiamata sarà accessibile fino al 21 novembre 2024.

Riley Exploration Permian (NYSE American: REPX) ha anunciado un aumento del 6% en su dividendo trimestral en efectivo, fijándolo en $0.38 por acción, pagadero el 7 de noviembre de 2024, a los accionistas registrados al 24 de octubre de 2024. Esto representa un aumento del dividend anterior de $0.36 por acción distribuido en los cuatro trimestres anteriores. Adicionalmente, la compañía ha programado su publicación de resultados del tercer trimestre de 2024 para el 6 de noviembre de 2024, después del cierre de los mercados financieros en EE. UU.

Se planea una llamada de conferencia para invertires y analistas el 7 de noviembre de 2024, a las 9:00 a.m. CT para discutir los resultados y realizar una sesión de preguntas y respuestas. Una presentación actualizada de la compañía estará disponible en el sitio web de Riley Permian antes de la llamada. Una grabación de la llamada será accesible hasta el 21 de noviembre de 2024.

라이리 탐사 퍼미안 (NYSE American: REPX)은 분기 현금 배당금 6% 인상을 발표하며, 주당 $0.38로 책정되었으며, 2024년 11월 7일에 2024년 10월 24일 기준 주주들에게 지급됩니다. 이는 이전 4분기 동안 배당된 주당 $0.36에서 증가한 것입니다. 또한, 회사는 2024년 3분기 실적 발표를 2024년 11월 6일로 예정하고 있으며, 미국 금융 시장이 종료된 후에 발표할 예정입니다.

투자자 및 분석가를 위한 컨퍼런스 콜은 2024년 11월 7일 오전 9시 CT에 계획되어 있으며, 결과를 논의하고 질의응답 세션을 개최할 예정입니다. 라이리 퍼미안의 웹사이트에는 통화 이전에 업데이트된 회사 프레젠테이션이 게시될 것입니다. 통화 녹음은 2024년 11월 21일까지 이용 가능할 것입니다.

Riley Exploration Permian (NYSE American: REPX) a annoncé une augmentation de 6 % de son dividende en espèces trimestriel, le portant à $0.38 par action, payable le 7 novembre 2024, aux actionnaires inscrits au 24 octobre 2024. Cela représente une augmentation par rapport au dividende précédent de $0.36 par action distribué au cours des quatre trimestres précédents. De plus, la société a programmé la publication de ses résultats du troisième trimestre 2024 pour le 6 novembre 2024, après la fermeture des marchés financiers américains.

Un appel de conférence pour les investisseurs et les analystes est prévu pour le 7 novembre 2024 à 9h00 CT afin de discuter des résultats et d'organiser une session de questions-réponses. Une présentation d'entreprise mise à jour sera disponible sur le site Web de Riley Permian avant l'appel. L'enregistrement de l'appel sera accessible jusqu'au 21 novembre 2024.

Riley Exploration Permian (NYSE American: REPX) hat eine Erhöhung der vierteljährlichen Bardividende um 6% auf $0.38 pro Aktie angekündigt, die am 7. November 2024 an Aktionäre ausgezahlt wird, die am 24. Oktober 2024 registriert sind. Dies stellt einen Anstieg gegenüber der vorherigen Dividende von $0.36 pro Aktie dar, die in den vier vorausgegangenen Quartalen ausgezahlt wurde. Darüber hinaus hat das Unternehmen die Veröffentlichung der Ergebnisse für das dritte Quartal 2024 auf den 6. November 2024 nach Schließung der US-Finanzmärkte festgelegt.

Ein Konferenzgespräch für Investoren und Analysten ist für den 7. November 2024 um 9:00 Uhr CT geplant, um die Ergebnisse zu besprechen und eine Frage-Antwort-Runde abzuhalten. Eine aktualisierte Unternehmenspräsentation wird vor dem Anruf auf der Website von Riley Permian verfügbar sein. Eine Aufzeichnung des Anrufs wird bis zum 21. November 2024 zugänglich sein.

Positive
  • Increased quarterly dividend by 6% to $0.38 per share
  • Consistent dividend payments for at least five consecutive quarters
Negative
  • None.

Insights

The 6% increase in quarterly dividend to $0.38 per share is a positive signal for Riley Permian's financial health and shareholder returns. This move suggests management's confidence in the company's cash flow generation and future prospects. For investors, the dividend hike translates to an improved yield, potentially making the stock more attractive for income-focused portfolios.

However, it's important to consider this increase in the context of the broader energy market and Riley Permian's operational performance. The upcoming Q3 earnings release will be pivotal in understanding whether this dividend increase is sustainable and backed by strong financial results. Investors should watch for key metrics such as production volumes, operating costs and free cash flow in the earnings report to gauge the company's ability to maintain or further grow its dividend.

While the dividend increase is positive, its impact on the stock price may be without accompanying strong operational results or guidance. The 6% raise, while notable, is not dramatic enough to significantly alter the investment thesis on its own.

OKLAHOMA CITY, Oct. 10, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.38 per share. The dividend is payable on November 7, 2024 to stockholders of record as of the close of business on October 24, 2024. This represents a 6% increase from the previous dividend of $0.36 per share that was distributed the four quarters prior, with the most recent being August 8, 2024.

Additionally, the Company plans to release financial and operating results for its third quarter on November 6, 2024 after the U.S. financial markets close.

In connection with the earnings release, Riley Permian management will host a conference call for investors and analysts on November 7, 2024 at 9:00 a.m. CT to discuss the Company's results and to host a Q&A session. Interested parties are invited to participate by calling:

  • Toll Free Dial-In, 1 (888) 596-4144
  • Toll Dial-In, 1 (646) 968-2525
  • Conference ID number 1303008

An updated company presentation, which will include certain items to be discussed on the call, will be posted prior to the call on the Company's website (www.rileypermian.com).

A replay of the call will be available until November 21, 2024 by calling:

  • Toll Free Dial-in, 1 (800) 770-2030
  • Toll Dial-in, 1 (609) 800-9909
  • Conference ID Number 1303008

About Riley Exploration Permian, Inc.
Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com.

Investor Contact:
Rick D'Angelo
405-438-0126
IR@rileypermian.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/riley-permian-increases-dividend-and-schedules-third-quarter-2024-earnings-release-and-conference-call-302273365.html

SOURCE Riley Exploration Permian, Inc.

FAQ

What is the new dividend amount for Riley Permian (REPX) and when is it payable?

Riley Permian (REPX) has increased its quarterly dividend to $0.38 per share, payable on November 7, 2024, to stockholders of record as of October 24, 2024.

When will Riley Permian (REPX) release its Q3 2024 earnings?

Riley Permian (REPX) plans to release its third quarter 2024 financial and operating results on November 6, 2024, after the U.S. financial markets close.

How much has Riley Permian (REPX) increased its dividend?

Riley Permian (REPX) has increased its dividend by 6%, from $0.36 per share in the previous four quarters to $0.38 per share.

When is Riley Permian's (REPX) Q3 2024 earnings conference call scheduled?

Riley Permian's (REPX) Q3 2024 earnings conference call is scheduled for November 7, 2024, at 9:00 a.m. CT.

Riley Exploration Permian, Inc.

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