Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.47 per share, missing the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $0.70 per share a year ago.
Riley Exploration Permian (REPX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Riley's credit facility maturity was extended by more than two years, and it received a $25 million borrowing base increase. Riley expects to spend $130 million over the next two years on midstream infrastructure. These investments should help Riley's realized price for natural gas and NGLs, which were both slightly negative during the first three quarters of 2024.
Riley Exploration Permian, Inc. (NYSE:REPX ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Philip Riley - CFO Bobby Riley - Chairman and CEO John Suter - COO Conference Call Participants Neal Dingmann - Truist Securities John White - ROTH Capital Jeff Robertson - Water Tower Research Noel Parks - Tuohy Brothers Operator Good morning. My name is John, and I'll be your conference operator today.
Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.43 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.58 per share a year ago.
Riley delivered Q2 2024 production results near the high-end of guidance. It also increased oil production expectations by 2% for the full year. Riley's oil cut is in the high-60s, but it is making minimal revenues from its natural gas and NGLs.
Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.61 per share, missing the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.37 per share a year ago.
Riley Exploration Permian (REPX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Riley Exploration Permian, Inc. is a small independent oil and gas exploration company operating in the Permian Basin of West Texas. Riley Exploration Permian has a strong free cash flow generation and pays a dividend yield of 4.93%. Despite its small size and lower dividend yield compared to peers, Riley Exploration Permian has been growing its dividend at a decent pace and is trading at an attractive valuation.