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Riley Exploration Permian, Inc. - $REPX STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Riley Exploration Permian's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Riley Exploration Permian's position in the market.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
Tags
partnership
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Rhea-AI Summary

Riley Exploration Permian, Inc. (NYSE American: REPX) reported strong financial and operational results for the first quarter of 2024. The company achieved 20.4 MBoe/d of total equivalent production, generated $56 million of operating cash flow, and reduced debt by $15 million. Riley Permian closed on an acquisition in New Mexico, adding valuable development inventory. Despite a loss on derivatives, the company reported net income of $19 million. The company issued shares, raising approximately $25.9 million. Overall, Riley Permian's performance showed growth and strategic expansion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.17%
Tags
-
Rhea-AI Summary
Riley Exploration Permian, Inc. (REPX) declares a cash dividend of $0.36 per share, payable on May 9, 2024, to stockholders of record as of April 25, 2024. The company will release its first-quarter financial and operating results on May 8, 2024, followed by a conference call on May 9, 2024, for investors and analysts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
dividends earnings
Rhea-AI Summary
Riley Exploration Permian, Inc. (REPX) management team to participate in a fireside chat with Water Tower Research to discuss business strategy and growth plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
none
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Rhea-AI Summary
Riley Exploration Permian, Inc. (REPX) announced the pricing of its underwritten public offering of 2,100,000 shares of common stock at $27.00 per share. The Offering includes shares from the Company and Selling Stockholders, with an option for additional shares. The expected closing date is provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.66%
Tags
-
Rhea-AI Summary
Riley Exploration Permian, Inc. (REPX) has initiated a public offering of 2,100,000 shares of common stock, with 700,000 shares from the company and 1,400,000 shares from certain stockholders. The underwriters may have an option to purchase an additional 315,000 shares. The proceeds will be used for various corporate purposes, including acquisitions and debt repayment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.66%
Tags
Rhea-AI Summary
Riley Exploration Permian, Inc. (REPX) reports strong financial and operating results for Q4 and FY 2023. Highlights include increased production, operating cash flow, Free Cash Flow, and reduced debt. The company achieved significant growth in oil production and total production. 2024 guidance projects further growth in production and reduction in capital expenditures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.91%
Tags
none
-
Rhea-AI Summary
Riley Exploration Permian, Inc. (REPX) is set to announce its financial and operating results for Q4 and full year 2023 on March 6, 2024. The company will host a conference call on March 7, 2024, to discuss the results and conduct a Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
-
Rhea-AI Summary
Riley Exploration Permian, Inc. (REPX) has approved a cash dividend of $0.36 per share for its common stock, payable on February 8, 2024, to stockholders of record as of January 25, 2024. The company also reduced its outstanding debt by $30 million in the fourth quarter of 2023, with a remaining principal balance of $185 million on its senior unsecured notes and outstanding borrowings of $185 million under its credit facility as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
Tags
dividends
Rhea-AI Summary
Riley Exploration Permian, Inc. (NYSE American: REPX) reported Q3 2023 financial and operating results, including $53 million operating cash flow, 14.0 MBbls/d oil production, and a 6% dividend raise. The company also reduced debt by $10 million and experienced disruptions in production due to third-party infrastructure issues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.57%
Tags
Riley Exploration Permian, Inc.

NYSE:REPX

REPX Rankings

REPX Stock Data

552.81M
7.80M
26.95%
50.78%
0.77%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
OKLAHOMA CITY

About REPX

riley permian is focused on high-growth energy exploration opportunities in the permian basin with an emphasis on horizontal development of the san andres formation. our technical expertise, advanced evaluation techniques, and operational experience make us leaders in the acquisition, development, and production of oil and natural gas.