Riley Exploration Permian Inc. Stock Price, News & Analysis

Riley Exploration Permian (REPX) reported a net loss of $21.5 million for Q3 2021, despite a 35% increase in total net equivalent production year-over-year, reaching 9.1 MBoe/d. The company generated $58.8 million in cash flow from continuing operations in the first nine months of 2021, with total oil and gas sales of $100.6 million. EOR program development is underway, supported by a $47 million capital raise in July 2021. The latest cash dividend of $0.28 per share reflects a 5.8% yield. Forward guidance for Q4 2021 anticipates oil production averaging 6.6 to 7.2 MBbls per day.

Riley Exploration Permian, Inc. (NYSE American: REPX) will release its fiscal third quarter 2021 financial results on August 12, 2021, after market close. A conference call for investors and analysts is scheduled for August 13, 2021, at 8:00 a.m. CT, where management will discuss the results and hold a Q&A session. Interested participants can join via specific toll-free numbers. An updated presentation will be available on the company's website prior to the call. For further information, visit www.rileypermian.com.

Riley Exploration Permian, Inc. (NYSE American: REPX) has declared a cash dividend of $0.28 per share on its common stock. The dividend will be payable on August 6, 2021 to stockholders of record as of July 23, 2021. This announcement reflects the company's ongoing commitment to enhancing shareholder value through consistent cash returns. Riley Permian focuses on growth in reserves, production, and cash flow via strategic activities in the Permian Basin.

Riley Exploration Permian has priced its public offering of 1,666,667 shares of common stock at $30.00 per share, aiming to raise approximately $50 million before expenses. A 30-day option allows underwriters to purchase an additional 250,000 shares. The offering will close on July 2, 2021. The company plans to allocate $25 million of the proceeds to enhance its oil recovery pilot program in Yoakum County, Texas, with the remainder directed towards general corporate purposes like debt refinancing and capital expenditures.

Riley Exploration Permian, Inc. (NYSE American: REPX) has initiated an underwritten public offering of common stock, with a 30-day option for underwriters to purchase an additional 15% of shares. The company plans to allocate approximately $25 million from the offering proceeds to its enhanced oil recovery (EOR) pilot program in Yoakum County, Texas, focusing on utilizing anthropogenic CO₂. Remaining funds will support general corporate purposes, including debt repayment and capital expenditures.

Riley Exploration Permian (REPX) reported second-quarter results for fiscal 2021, highlighting a revenue increase despite challenges from severe storms. Total equivalent sales volumes rose to 8.3 MBoe/day, an 11% year-over-year increase. The company generated $38.1 million in Cash Flow from Operations but posted a Net Loss of $48.5 million. Adjusted Net Income was $8.6 million. Capital expenditures were reduced by 49% to $17.1 million. A dividend of $0.28 per share was announced, reinforcing its commitment to shareholder returns. The EOR pilot program has commenced, aimed at enhancing oil recovery while utilizing CO2.

Riley Exploration Permian, Inc. (NYSE American: REPX) will announce its fiscal second quarter 2021 financial results on May 11, 2021, post-market. A conference call for investors is set for May 12, 2021, at 9:00 a.m. CT, allowing discussion on the results and a Q&A session. Interested participants can join via provided toll-free numbers. An updated company presentation will be available on their website ahead of the call, and a replay will be accessible until May 26, 2021. Riley Permian focuses on growing reserves, production, and cash flow in the Permian Basin.

Riley Exploration Permian, Inc. (REPX) announced its fiscal Q1 2021 operational and financial results, highlighting a production increase of 7% to 7,588 net Boe/d and an Adjusted EBITDAX of $19.7 million. The board declared a quarterly cash dividend of $0.28 per share, record date April 16, 2021, with payment expected on May 7, 2021. Additionally, the company reduced debt by $3.5 million to $97.5 million as of December 31, 2020. The recent merger with Tengasco, completed on February 26, 2021, marks a significant milestone.

Tengasco and Riley Exploration – Permian announced a merger with a 1-for-12 reverse stock split effective March 1, 2021. Following the merger on February 26, Tengasco will rebrand to Riley Exploration Permian, Inc., and trade under the new symbol 'REPX'. The reverse split will consolidate shares, maintaining their par value at $0.001. A majority of stockholders approved the split, which will not change ownership percentages, except for fractional shares compensated with whole shares. Continental Stock Transfer & Trust Company will manage the exchange.