Business
Riley Permian Reports First Quarter 2025 Results and Announces Acquisition and Modified Development Outlook
Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the first quarter ended March 31, 2025.
About this update from Riley Exploration Permian, Inc.
[{"type":"text","content":"OKLAHOMA CITY, May 7, 2025 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the first quarter ended March 31, 2025.","length":248,"tagName":"p"},{"type":"image","alt":"Riley Exploration Permian (PRNewsfoto/Riley Exploration Permian, Inc.)","displaySize":"","headline":null,"caption":"Riley Exploration Permian (PRNewsfoto/Riley Exploration Permian, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":233,"url":"https://media.zenfs.com/en/prnewswire.com/ef370ef81749e878edc828a4d983b138"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5toSzOXkJD1b9hTXGvrRmQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQxMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/ef370ef81749e878edc828a4d983b138","width":400,"height":233}},"href":"https://mma.prnewswire.com/media/1502233/Riley_Permian_v2_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"FIRST QUARTER 2025 AND RECENT HIGHLIGHTS ","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Averaged 24.4 MBoe/d of total equivalent production (oil production of 15.6 MBbls/d)","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Generated $50 million of operating cash flow or $56 million before changes in working capital(1), $36 million of Total Free Cash Flow(1) and $39 million of Upstream Free Cash Flow(1) ","length":182,"tagName":"p"}]},{"val":[{"type":"text","content":"Incurred total accrual (activity-based) capital expenditures before acquisitions of $24 million ($19 million for upstream) and cash capital expenditures before acquisitions of $19 million ($16 million for upstream)","length":214,"tagName":"p"}]},{"val":[{"type":"text","content":"Reduced debt outstanding by $21 million with a debt-to-Adjusted EBITDAX(1) ratio of 0.9x(2)","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"Reaffirmed the borrowing base on the Company's senior secured revolving credit facility at $400 million in May 2025","length":119,"tagName":"p"}]},{"val":[{"type":"text","content":"Announcing agreement to acquire Silverback Exploration for $142 million in cash, adding 5 MBoe/d of total equivalent production and 300+ gross undeveloped locations","length":164,"tagName":"p"...