REXP earnings

Post Reply
Posts: 487
Joined: Thu Nov 21, 2013 2:46 pm

REXP earnings

Post by ChuckGeb »

Riley Permian Reports Fourth Quarter Results and Provides 2023 Guidance

March 8, 2023
OKLAHOMA CITY, March 8, 2023 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the fourth quarter and year ended December 31, 2022.


Averaged oil production of 10.0 MBbls/d, exceeding the high end of guidance and representing an increase of 37% as compared year-over-year to the fourth quarter 2021
Reported net income of $27 million, or $1.37 per share, which includes $7 million of non-cash gain on derivative contracts and income from operations of $41 million
Generated $46 million of Adjusted EBITDAX(1) and $40 million of operating cash flow, representing a decrease of 10% and 28%, respectively, over the prior quarter, driven primarily by lower commodity pricing
Incurred total accrual (activity-based) capital expenditures before acquisitions of $27 million and total cash capital expenditures before acquisitions of $30 million
Paid dividends of $0.34 per share in the fourth quarter for a total of $7 million

More details in release
Post Reply