Riley Exploration Permian, Inc.
26.07-0.08 (-0.31%)
Oct 29, 4:00:00 PM EDT · NYSE American · REPX · USD
Key Stats
Market Cap
574.64MP/E (TTM)
5.78Basic EPS (TTM)
4.51Dividend Yield
0.06%Recent Filings
8-K
Q2 results and Silverback acquisition
Riley Exploration Permian reported Q2 2025 results with average oil production of 15.2 MBbls/d and total equivalent output steady at 24.4 MBoe/d, generating $34 million in operating cash flow amid lower oil prices that prompted reduced drilling. The company closed its $142 million cash acquisition of Silverback on July 1, expanding its Permian footprint with undeveloped potential, while advancing midstream infrastructure to ease production constraints. It updated 2025 guidance to 27.0-28.0 MBoe/d total production and $113-146 million in capital expenditures. Debt climbed to $401 million post-deal.
10-Q
Q2 FY2025 results
Riley Exploration Permian posted Q2 2025 revenues of $85.4 million, down 19% year-over-year from $105.4 million amid softer oil prices, yet daily production climbed to 24,352 Boe/d, up 14% (derived). Operating income dipped to $28.8 million from $53.6 million, with diluted EPS steady at $1.44 despite the revenue hit, reconciling cleanly to 21.2 million shares. Lease operating expenses rose 14% to $18.9 million on higher volumes, while derivative gains of $18.7 million cushioned the blow. Cash swelled to $14.0 million, with operating cash flow at $84.0 million YTD fueling $70.5 million in investments; free cash flow not disclosed in the 10-Q. Debt stood at $275.2 million, including $129.0 million under the Credit Facility (7.31% rate, $271.0 million available, covenants met) and $146.2 million Senior Notes (10.5% due 2028). The Silverback deal closed July 1 for $142 million cash plus earnouts, adding 47,000 net acres in Eddy County. Oil price swings remain a persistent drag.
8-K
Closes $142M Permian acquisition
Riley Exploration Permian closed its $142 million acquisition of Silverback Exploration II's oil and gas assets in New Mexico's Permian Basin on July 1, 2025, funded by credit facility borrowings and cash. The deal adds Yeso trend holdings in Eddy County, with potential quarterly earnouts up to $1.875 million through 2027 if oil prices top $70-$75 per barrel. This bolsters production capacity. Yet risks like price volatility loom.
8-K
Annual meeting results approved
Riley Exploration Permian held its annual stockholder meeting on May 9, 2025, electing all six director nominees—Brent Arriaga, Rebecca L. Bayless, Beth A. di Santo, Bryan H. Lawrence, E. Wayne Nordberg, and Bobby D. Riley—to one-year terms with strong support exceeding 90% for most. Stockholders ratified BDO USA, P.C. as the independent auditor for 2025, with 17.2 million votes in favor. An advisory vote favored annual 'say-on-pay' frequency. All proposals passed decisively.
8-K
Silverback Acquisition Boosts Permian Output
Riley Exploration Permian agreed on May 3, 2025, to acquire Silverback Exploration's Permian Basin assets for $142 million in cash, plus potential earnouts up to $1.875 million quarterly in 2026-2027 if WTI exceeds $70-$75 per barrel. The deal adds 5 MBoe/d production and 300+ undeveloped locations on adjacent acreage, boosting synergies while the acquisition closes early Q3 2025 with January 1 effective date. Standalone 2025 production guidance dips 3% amid market volatility, but combined forecasts lift output to 25.8-26.9 MBoe/d. Closing hinges on customary conditions.
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