Riley Exploration Permian, Inc. (REPX) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and I will be your conference operator today. At this time, I would like to welcome everyone to the Riley Exploration Terminate Second Quarter 2025 Earnings Conference Call. All lines can be placed on mute to prevent any background noise. After the speakers are marked, there will be a question and answer section. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star and one. I'm now gonna call over to Philip Riley, CEO, you may begin. Good morning. Welcome to our conference call covering the second quarter 2025 results. I'm Philip Riley, CFO. Joining me today are Bobby Riley, Chairman and CEO, and Dan Doherty, SVP of Operations. Yesterday, we published a variety of materials which can be found on our website under the investors section. These materials in today's conference call contain certain projections and other forward-looking statements within the meaning of the federal security laws. These statements are subject to risks and uncertainty that may cause actual results to differ materially from those expressed or implied in these statements. We'll also reference certain non-GAAP measures. The reconciliations to the appropriate GAAP measures can be found in our supplemental disclosure on our website. I'll now turn the call over to Bobby. Thank you, Philip. Good morning and welcome to our earnings call. Riley Permian demonstrated solid overall performance in the second quarter despite a less favorable oil macro backdrop and regional operating environment. We adjusted our development activity and capex downward in response to lower oil prices and we generated significant free cash flow for the first half of the year. Our development ...