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) generates frequent news and disclosures related to its role as a growth-oriented, independent oil and natural gas company focused on the Permian Basin. News coverage on this page centers on the company’s acquisition, exploration, development and production activities across oil, natural gas and natural gas liquids, with particular attention to horizontal drilling programs in conventional, oil-saturated and liquids-rich formations.
Investors following REPX news will find regular quarterly earnings releases that detail production volumes, oil and gas sales, operating cash flow, capital expenditures and non-GAAP metrics such as Adjusted EBITDAX, Total Free Cash Flow and Upstream Free Cash Flow. These updates also describe drilling and completion activity in Texas and New Mexico, well counts drilled, completed and turned to sales, and the mix of oil and liquids in the company’s production profile.
Another key news theme is corporate transactions. Riley Exploration Permian issues announcements on acquisitions, such as the purchase of Silverback Exploration II, LLC and its subsidiaries, which own oil and natural gas assets located primarily in the Yeso trend of the Permian Basin in Eddy County, New Mexico. News items also cover the development and monetization of midstream infrastructure, including the sale of Dovetail Midstream, LLC and related compressor station assets to Targa Northern Delaware LLC, as well as updates on the company’s New Mexico midstream project and associated gathering and compression facilities.
Capital return and balance sheet news is also prominent. The company regularly announces quarterly cash dividends on its common stock and has disclosed increases to its dividend level. In addition, Riley Exploration Permian has reported that its Board of Directors authorized a share repurchase program for up to a specified amount of its outstanding common stock over a defined period. Updates on RPC Power LLC, the company’s power-focused joint venture that serves field power needs and develops generation capacity for sale into ERCOT, further illustrate how infrastructure and power initiatives feature in REPX news.
By tracking this news feed, readers can review historical announcements on production trends, asset acquisitions, midstream and power projects, dividends, share repurchases and other material events that shape Riley Exploration Permian’s upstream oil and gas business.
Riley Exploration Permian (NYSE American: REPX) has successfully completed its acquisition of Silverback Exploration II, LLC on July 1, 2025. The acquisition includes oil and gas assets strategically located in Eddy County, New Mexico, expanding Riley Permian's operational footprint in the region.
Riley Permian (REPX) reported Q1 2025 results and announced a strategic acquisition. The company achieved total production of 24.4 MBoe/d (64% oil) and generated $50 million in operating cash flow. Key financial metrics include $36 million in Total Free Cash Flow and a debt reduction of $21 million.
The company announced the acquisition of Silverback Exploration for $142 million in cash, adding 5 MBoe/d of production and over 300 gross undeveloped locations. In response to market conditions and the pending acquisition, Riley is modifying its 2025 guidance, reducing standalone investing midpoint by 50% while only reducing production guidance by 3%.
The company's revised full-year 2025 guidance, including the Silverback acquisition, projects a 5% increase in total investing compared to standalone guidance, with total production expected at 25.8-26.9 MBoe/d.
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.