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Stock impact report

Riley Permian Reports First Quarter 2024 Results [Yahoo! Finance]

Riley Exploration Permian, Inc. (REPX) 
Company Research Source: Yahoo! Finance
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 of $23 million Paid dividends of 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. Riley , Chief Executive Officer and Chairman of the Board. "We're experiencing improved cycle times and efficiencie Show less Read more
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