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.