OKLAHOMA CITY, May 7, 2025 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the first quarter ended March 31, 2025.

FIRST QUARTER 2025 AND RECENT HIGHLIGHTS

Averaged 24.4 MBoe/d of total equivalent production (oil production of 15.6 MBbls/d)Generated $50 million of operating cash flow or $56 million before changes in working capital(1), $36 million of Total Free Cash Flow(1) and $39 million of Upstream Free Cash Flow(1) Incurred total accrual (activity-based) capital expenditures before acquisitions of $24 million ($19 million for upstream) and cash capital expenditures before acquisitions of $19 million ($16 million for upstream)Reduced debt outstanding by $21 million with a debt-to-Adjusted EBITDAX(1) ratio of 0.9x(2)Reaffirmed the borrowing base on the Company's senior secured revolving credit facility at $400 million in May 2025Announcing agreement to acquire Silverback Exploration for $142 million in cash, adding 5 MBoe/d of total equivalent production and 300+ gross undeveloped locationsManagement has elected to modify previously announced investment and development activity in light of recent market conditions and the pending acquisition

OKLAHOMA CITY, April 14, 2025 /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 May 8, 2025, to stockholders of record as of the close of business on April 24, 2025. 

OKLAHOMA CITY, March 5, 2025 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the fourth quarter and year ended December 31, 2024.

FOURTH QUARTER 2024 HIGHLIGHTS

Averaged 25.0 MBoe/d of total equivalent production (oil production of 15.9 MBbls/d)Generated $66 million of operating cash flow or $51 million before changes in working capital(1), $18 million of Total Free Cash Flow(1) and $29 million of Upstream Free Cash Flow(1)Incurred total accrual (activity-based) capital expenditures of $31 million ($20 million for upstream)Reduced debt outstanding by $20 million with a debt-to-Adjusted EBITDAX(1) ratio of 1.0x(2)Signed a gas purchase agreement as part of our larger New Mexico midstream development project

OKLAHOMA CITY, Jan. 23, 2025 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its fourth quarter and full year 2024 on March 5, 2025 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 March 6, 2025 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:

OKLAHOMA CITY, Jan. 9, 2025 /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 February 6, 2025, to stockholders of record as of the close of business on January 23, 2025. 

OKLAHOMA CITY, Dec. 18, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that it recently completed an amendment to its senior secured revolving credit facility ("Credit Facility").

Credit Facility Amendment Highlights:

Extended the facility maturity from April 2026 to December 2028Increased the borrowing base and commitment levels by 7% from $375 million to $400 millionIncreased the syndicate to nine total lenders

OKLAHOMA CITY, Nov. 6, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the third quarter ended September 30, 2024.

THIRD QUARTER 2024 HIGHLIGHTS

Averaged 23.4 MBoe/d of total equivalent production (oil production of 15.5 MBbls/d)Generated $72.1 million of operating cash flow or $60.5 million before changes in working capital(1)Incurred total accrual (activity-based) capital expenditures before acquisitions of $30.0 million and cash capital expenditures before acquisitions of $22.7 millionGenerated Free Cash Flow(1) of $37.8 millionPaid dividends of $0.36 per share for a total of $8.1 millionReduced the principal value of debt outstanding by $35.0 millionCompleted the installation of our remaining electrical generation equipment used to power a portion of our field operations in Texas, with a total of 20 MW of installed capacity

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.

OKLAHOMA CITY, Aug. 7, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the second quarter ended June 30, 2024.

SECOND QUARTER 2024 HIGHLIGHTS

Averaged 21.3 MBoe/d of total equivalent production (oil production of 14.7 MBbls/d)Generated $51.6 million of operating cash flow or $57.6 million before changes in working capital(1)Incurred total accrual (activity-based) capital expenditures before acquisitions of $21.4 million and cash capital expenditures before acquisitions of $19.3 millionGenerated Free Cash Flow(1) of $38.3 millionPaid dividends of $0.36 per share in the second quarter for a total of $7.5 millionReduced debt outstanding by $20.0 millionRaised $25.4 million in net proceeds from an equity offeringClosed acquisition that added approximately 13,900 contiguous net acres to our New Mexico positionSigned agreements to expand the scope of our power joint venture RPC Power, LLC ("RPC Power") and increased our ownership position from 35% to 50%

OKLAHOMA CITY, July 11, 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 $0.36 per share. The dividend is payable on August 8, 2024 to stockholders of record as of the close of business on July 25, 2024.

HOUSTON and OKLAHOMA CITY, May 21, 2024 /PRNewswire/ -- Conduit Power, LLC ("Conduit") and Riley Exploration Permian, Inc. ("Riley Permian") today announced that they entered into definitive agreements to expand the scope of their joint venture, RPC Power, LLC ("RPC Power"), to build new power generation and storage assets for the sale of energy and ancillary services to ERCOT, the Texas power grid operator.

OKLAHOMA CITY, May 8, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the first quarter ended March 31, 2024.

FIRST QUARTER 2024 HIGHLIGHTS

Averaged 20.4 MBoe/d of total equivalent production (oil production of 14.2 MBbls/d)Generated $56 million of operating cash flow or $58 million before changes in working capitalIncurred total accrual (activity-based) capital expenditures before acquisitions of $26 million and cash capital expenditures before acquisitions of $35 millionGenerated Free Cash Flow(1) of $23 millionPaid dividends of $0.36 per share in the first quarter for a total of $7 millionReduced debt outstanding by $15 millionSigned agreement during the first quarter of 2024 and subsequently closed during the second quarter of 2024 on the purchase of oil and natural gas properties in Eddy County, New Mexico

OKLAHOMA CITY, April 11, 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 $0.36 per share. The dividend is payable on May 9, 2024 to stockholders of record as of the close of business on April 25, 2024. 

OKLAHOMA CITY, April 9, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that members of its management team will participate in a fireside chat with Jeff Robertson of Water Tower Research on Wednesday, April 10th at 11:00am ET. The discussion will focus on Riley Permian's business strategy and growth plans.

OKLAHOMA CITY, April 4, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced today the pricing of its previously announced underwritten public offering of 2,100,000 shares of its common stock at a price to the public of $27.00 per share (the "Offering"), which includes 700,000 shares being offered by the Company and 1,400,000 shares being offered by certain of the Company's stockholders (the "Selling Stockholders"). The Company has granted the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock. The Offering is expected to close on or about April 8, 2024, subject to customary closing conditions.

OKLAHOMA CITY, April 3, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced today that it has commenced an underwritten public offering of 2,100,000 shares of its common stock (the "Offering"), which includes 700,000 shares being offered by the Company and 1,400,000 shares being offered by certain of the Company's stockholders (the "Selling Stockholders"). The Company and the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

OKLAHOMA CITY, March 6, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the fourth quarter and year ended December 31, 2023.

FOURTH QUARTER 2023 HIGHLIGHTS

Averaged 19.9 MBoe/d of total equivalent production (oil production of 13.6 MBbls/d)Generated $66 million of operating cash flow or $54 million of operating cash flow before changes in working capitalIncurred total accrual (activity-based) and cash capital expenditures before acquisitions of $25 million and $21 million, respectivelyGenerated Free Cash Flow(1) of $33 millionPaid dividends of $0.36 per share in the fourth quarter for a total of $7 millionReduced debt outstanding by $30 millionInitiated temporary operations on baseload power generation owned by our joint venture, RPC Power LLC

OKLAHOMA CITY, Feb. 15, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its fourth quarter and full year 2023 on March 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 March 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:

OKLAHOMA CITY, Jan. 16, 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 $0.36 per share. The dividend is payable on February 8, 2024 to stockholders of record as of the close of business on January 25, 2024. The February 2024 dividend will represent the 20th consecutive distribution made by the Company or its predecessor.

OKLAHOMA CITY, Nov. 7, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the third quarter ended September 30, 2023.

THIRD QUARTER 2023 HIGHLIGHTS

Averaged oil production of 14.0 MBbls/d (19.9 MBoe/d total equivalent production)Generated $53 million of operating cash flow or $63 million of operating cash flow before changes in working capitalIncurred total accrual (activity-based) and cash capital expenditures before acquisitions of $30 million and $31 million, respectivelyGenerated Free Cash Flow(1) of $31 millionPaid dividends of $0.34 per share in the third quarter for a total of $7 million; subsequent to the third quarter, raised dividends by 6% to $0.36, which will be payable in the fourth quarter 2023Reduced debt outstanding by $10 million