Riley Exploration reports Q2 adjusted EPS $1.57, consensus $1.74

Reports Q2 revenue $105.4M, consensus $106.08M. “We continue to execute our annual plan with overall positive results,” said Bobby Riley, Chief Executive Officer and Chairman of the Board. “It’s early in the year to report on medium-term to longer-term well results, but thus far we are generally seeing outperformance on 2024 legacy well production results relative to our internal forecasts. We continue to experience favorable efficiencies and cost savings on our drilling and completion activity. Well cost savings represent our largest driver of free cash flow improvement this year. The team has also done a great job in smoothing development activity and spend, one of our core objectives coming into the year.”