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. reports developments as an upstream oil and gas company operating in Texas and New Mexico with infrastructure projects that complement its operations. Company news centers on production, oil and natural gas operating results, capital expenditures, operating cash flow, free cash flow measures, debt levels and guidance.
Recurring updates also cover capital allocation decisions, including quarterly cash dividends, common stock repurchases and debt reduction. Governance items, board changes and completed asset or infrastructure-related transactions appear alongside the company's periodic financial and operating releases.
Riley Exploration Permian, Inc. (NYSE American: REPX) has announced the release of its fourth quarter and full year 2022 financial results on March 8, 2023, after U.S. market close. A conference call is scheduled for March 9, 2023, at 9:00 a.m. CT to discuss the results and answer investor questions. Participants can dial in using the provided toll-free and toll numbers. A presentation will be made available on the company's website prior to the call. A replay of the call will be accessible until March 23, 2023.
Riley Exploration Permian, Inc. (NYSE American: REPX) announced a cash dividend of $0.34 per share, payable on February 8, 2023, for stockholders of record by January 25, 2023. This dividend marks the 16th consecutive quarter of dividends distributed to shareholders. The company operates in the oil and natural gas sector, focusing on acquisition, exploration, development, and production.
Riley Exploration Permian (REPX) reported strong third-quarter 2022 results, achieving an average oil production of 9.4 MBbls per day, a 36% year-over-year increase. The company posted a net income of $60 million, with operating cash flow of $55 million and a 14% rise in Adjusted EBITDAX to $51 million. Due to improved performance, REPX raised its dividend by 10%. Challenges include rising operational costs and service availability. For Q4 2022, REPX forecasts oil production growth of 2.5% and total equivalent production of 12.6 to 13.2 MBoe per day.
Riley Exploration Permian recently announced an increase in its borrowing base from $200 million to $225 million through its senior secured revolving credit facility. Additionally, the company plans to release its third quarter 2022 financial and operational results on November 14, 2022, after market close. A conference call for discussing these results will take place on November 15, 2022, at 10:00 a.m. CT. Interested parties can participate via a toll-free number or by dialing in directly. Further details will be provided in a company presentation prior to the call.
Riley Exploration Permian (NYSE American: REPX) will engage in a fireside chat with Jeff Robertson of Water Tower Research on October 12, 11:00 AM ET. The discussion will highlight the company's business strategy, priorities, and opportunities in the oil and natural gas sector. Interested listeners can register for the live event and access the recording through a provided Registration Link.
Riley Exploration Permian has declared a cash dividend of $0.34 per share on its common stock. The dividend is set to be paid on November 7, 2022, to stockholders of record as of October 24, 2022. This announcement reflects the company’s growth-oriented strategy in the oil and gas sector, emphasizing its commitment to returning value to shareholders while focusing on acquisition, exploration, and production activities.
Riley Exploration Permian (REPX) reported a strong fiscal Q3 2022, with oil production averaging 8.4 MBbls/day, up 24% year-over-year. The company achieved a net income of $39 million, significantly outperforming previous quarters. Adjusted EBITDAX rose 29% sequentially to $45 million, driven by increased revenue from oil and natural gas sales totaling $88 million. Despite rising costs, the company raised its production guidance for FY 2022 by 4% while maintaining a solid dividend of $0.31/share. The outlook remains optimistic, with further capital expenditures planned for growth.
Riley Exploration Permian, Inc. (NYSE American: REPX) plans to release its fiscal third quarter 2022 financial results on August 10, 2022, after U.S. market close. A conference call for investors will follow on August 11, 2022, at 10:00 a.m. CT, where management will discuss the results and answer questions. Interested participants can join via toll-free and toll dial-in numbers. A presentation detailing the call topics will be available on the company's website. A replay will be accessible until August 25, 2022.
Riley Exploration Permian, Inc. (NYSE American: REPX) announced a cash dividend of $0.31 per share, payable on August 8, 2022, to stockholders of record by July 25, 2022. This declaration reflects the company's commitment to returning value to its shareholders amidst its operations focused on the acquisition and production of oil and natural gas.
Riley Exploration Permian (NYSE American: REPX) will participate in several upcoming investor conferences. Key events include the 2022 Louisiana Energy Conference on June 2-3 in New Orleans, with a panel presentation on June 3 at 8:00 am CT. They will also attend the 12th Annual LD Micro Invitational from June 7-9 in Los Angeles, featuring a presentation on June 7 at 3:30 PT. Lastly, they will join the 8th Annual Roth London Conference on June 22-23 in London for 1-on-1 meetings.