Riley Exploration Permian Inc ( (REPX) ) has released its Q2 earnings. Here is a breakdown of the information Riley Exploration Permian Inc presented to its investors.
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Riley Exploration Permian Inc. is a growth-oriented upstream company operating in the oil and gas sector, primarily focusing on exploration and production activities in Texas and New Mexico, with complementary midstream and power projects. In its second quarter of 2025, Riley Permian reported a total equivalent production of 24.4 MBoe/d, generating $34 million in operating cash flow and $30 million in net income. The company also completed the acquisition of Silverback Exploration II, LLC for $142 million, enhancing its regional footprint and potential for future growth. Key financial metrics included $85 million in revenues and $59 million in Adjusted EBITDAX, with a reported $19 million gain on derivatives. The company faced challenges due to lower oil prices and infrastructure constraints but managed to generate significant free cash flow and adjusted its capital budget accordingly. Looking ahead, Riley Permian plans to focus on expanding its midstream infrastructure and power projects, with a positive outlook on increasing production and operational efficiency in the coming quarters.