Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Q4 2023 Earnings Presentation
7 slides from Riley Exploration Permian's earnings presentation, Mar 7, 2024
Slide 1: 4Q23 Results Update
4Q23 Results Update March 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This presentation contains projections and other forward-looking statements within the meaning of federal securities laws. These projections and statements reflect Riley Exploration Permian, Inc.’s (“Riley Permian”) current views with respect to
Slide 3: Highlights of 4Q23 Results
Highlights of 4Q23 Results Production CFFO(1) E&P Capex (Accrual)(2) 13.6 MBbls/d $54MM for 4Q23 $25MM for 4Q23 19.9 MBoe/d $206MM for 2023 $136MM for 2023 3% oil decrease Q/Q 13% decrease Q/Q 15% decrease Q/Q 36% oil increase Y/Y for the quarter 23% increase Y/Y for the quarter 5% decrease Y/Y for
Slide 4: Drivers of Growth in Cash Flow from Operations (CFFO)
Drivers of Growth in Cash Flow from Operations (CFFO) (1) Q/Q: 3 Months Ending 12/31/23 vs 9/30/23 Y/Y: 12 Months Ending 12/31/23 vs 12/31/22 13% decrease Q/Q due primarily CFFO increased 22% Y/Y while to 5% lower realized oil prices shares outstanding increased 1% Y/Y Reduced volumes were planned i
Slide 5: Reinvesting for Significant Growth While Also Increasing FCF
Reinvesting for Significant Growth While Also Increasing FCF (1) Allocation of CFFO(2) Y/Y Change in FCF(1) Allocation of FCF(1) 33% 34% 39% 45% 67% 66% 61% 55% (1) (1) 2022 2023 2022 2023 (1) (3) FCF Dividends Cash Capex before Acquisitions Debt Paydown & Balance Sheet (1) A non-GAAP financial meas
Slide 6: 2024 Plan Guidance
2024 Plan Guidance 2024 Plan Target: 10% Y/Y Oil Growth and 10% Y/Y Reduction in Capex Activity, Production, and Investing Guidance Quarterly Detail for Estimated Realizations and Cost Guidance Full-Year 1Q24 1Q24 2024 Gross Operated Well Activity Basis Differentials and Fees Drilled # 7 21 - 23 Oil
Slide 7: Additional Information
Additional Information Company 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 405-415-8699 www.rileypermian.com Investor Relations Rick D’Angelo 405-438-0126 ir@rileypermian.com 7
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