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Oklahoma city , may 8, 2024 /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, 2024. first  quarter 2024 highlights averaged 20.4 mboe/d of total equivalent production (oil production of 14.2 mbbls/d) generated $56 million of operating cash flow or $58 million before changes in working capital incurred total accrual (activity-based) capital expenditures before acquisitions of $26 million and cash capital expenditures before acquisitions of $35 million generated free cash flow(1) of $23 million paid dividends of $0.36 per share in the first quarter for a total of $7 million reduced debt outstanding by $15 million signed agreement during the first quarter of 2024 and subsequently closed during the second quarter of 2024 on the purchase of oil and natural gas properties in eddy county, new mexico management commentary "our company had a strong start to the year with both operational and financial performance during the first quarter," said bobby d.

Oklahoma city , april 11, 2024 /prnewswire/ -- riley exploration permian, inc. (nyse american: repx) ("riley permian" or the "company") today announced that its board of directors has approved a cash dividend on the company's common stock in the amount of $0.36 per share. the dividend is payable on may 9, 2024 to stockholders of record as of the close of business on april 25, 2024.

Oklahoma city , april 9, 2024 /prnewswire/ -- riley exploration permian, inc. (nyse american: repx) ("riley permian" or the "company") today announced that members of its management team will participate in a fireside chat with jeff robertson of water tower research on wednesday, april 10th at 11:00am et. the discussion will focus on riley permian's business strategy and growth plans.

Oklahoma city , april 4, 2024 /prnewswire/ -- riley exploration permian, inc. (nyse american: repx) ("riley permian" or the "company") announced today the pricing of its previously announced underwritten public offering of 2,100,000 shares of its common stock at a price to the public of $27.00 per share (the "offering"), which includes 700,000 shares being offered by the company and 1,400,000 shares being offered by certain of the company's stockholders (the "selling stockholders"). the company has granted the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock.

Oklahoma city , april 3, 2024 /prnewswire/ -- riley exploration permian, inc. (nyse american: repx) ("riley permian" or the "company") announced today that it has commenced an underwritten public offering of 2,100,000 shares of its common stock (the "offering"), which includes 700,000 shares being offered by the company and 1,400,000 shares being offered by certain of the company's stockholders (the "selling stockholders"). the company and the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock.

Riley Exploration Permian, Inc. (REPX) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.26 per share a year ago.

Yet again, the Oracle of Omaha has bolstered his stake in a media giant's tracking stocks, even with shares in retreat.

OKLAHOMA CITY , April 11, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.36 per share. The dividend is payable on May 9, 2024 to stockholders of record as of the close of business on April 25, 2024.

5.22% dividend yield, maintained even at $40/bbl WTI. Strong free cash flow, at $75/bbl WTI REPX expects $100 million in FCF for 2024. Estimated 18.3% production growth for 2024 without a meaningful increase in costs. Strong geographic position, operating in a lower-cost and lower-decline rate location compared to the median Permian field.

Riley Exploration Permian is projected to generate $119 million in 2024 free cash flow at the current strip. This free cash flow generation is combined with mid-to-high single-digit production growth from 2H 2023 levels. The Company's leverage should drop below 1.0x by late 2024.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Riley Exploration Permian, Inc. (NYSE:REPX ) Q4 2023 Earnings Conference March 7, 2024 10:00 AM ET Company Participants Philip Riley - CFO and EVP of Strategy Bobby Riley - Chairman and CEO Conference Call Participants Neal Dingmann - Truist Securities Jeffrey Robertson - Water Tower Research Noel Parks - Tuohy Brothers Gary Kennedy - Kennedy Trust Investments Operator Welcome to the Riley Exploration Permian's Fourth Quarter 2023 Earnings Conference Call. At this time, participants are in a listen-only mode with a question-and-answer session to follow at the end of the presentation.

Riley Permian (REPX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Riley Exploration Permian, Inc. (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.

Industry watchers expect 2024 to be a much stronger year for energy stocks for growth than 2023. Fidelity, for example, expects energy stocks to rebound due to limited supply, healthy demand, and increasing investment In production.