Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Riley Exploration Permian (REPX)
:REPX
RESEARCH TOOLSreports
Holding REPX?
Track your performance easily
Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.64Last Year’s EPS
0.7Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 11, 2021
|% Change Since: 23.45%
|Next Earnings Date:Mar 04, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted strong operational performance and financial results, with increased production, improved efficiency, and significant free cash flow generation. However, challenges such as the impairment from the discontinued CO2 pilot and a decline in average realized prices were noted. Overall, the company demonstrated resilience and strategic focus, outweighing the negative aspects.Company Guidance
During the third quarter 2024 earnings call for Riley Exploration Permian, Inc. (REPX), the company reported several key metrics reflecting strong financial and operational performance. The company paid its 15th consecutive dividend, increasing it by 6% to $0.38 per share, and has returned $98 million to shareholders since 2021, achieving an 11% annual dividend growth rate. REPX successfully reduced its debt by $35 million this quarter, totaling a $100 million reduction over the past year. The company reported net production growth of 6% quarter-over-quarter, reaching 1.42 million barrels of oil, and equivalent production increased by 11% to 2.16 million barrels of oil equivalent. The average daily net production was 23.42 MBoe per day. Operating cash flow for Q3 2024 was $72.1 million, with $38 million converted to free cash flow. The company also achieved a total recordable incident rate of 0 for the quarter. Looking ahead, REPX expects continued growth and efficiency, with an annual oil volume growth of 14% to 15% anticipated for 2024, and reduced fourth-quarter CapEx guidance suggests a 12% to 20% year-over-year decrease.Increased Dividends and Debt Reduction
The company paid its 15th consecutive dividend with a recent increase to $0.38 per share, up 6% from the previous quarter. They have returned $98 million to shareholders since 2021 and paid down $35 million in debt this quarter.
Successful Drilling and Completion Campaign
2024 drilling and completion campaign is driving down costs while production outperforms forecasts. Production increased by 6% for oil and 11% for oil equivalent quarter-over-quarter.
Operational Safety and Efficiency
Achieved a total recordable incident rate of 0 for Q3 and year-to-date. Improved drilling efficiencies with feet per day and lateral feet per day increasing by 33% and 20% respectively.
Financial Performance and Free Cash Flow
Operating cash flow was $72.1 million, with $38 million of free cash flow generated. Year-to-date free cash flow increased to $99 million, 2.7 times the same metric for the first 9 months of 2023.
Improved Guidance and Capital Efficiency
Full-year 2024 oil production expected to increase by 14% to 15% over 2023, with a year-over-year reduction in CapEx of 20% using the low end of guidance.
---
REPX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
REPX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $30.07 | $32.00 | +6.42% |
| Aug 07, 2024 | $24.11 | $24.98 | +3.61% |
| May 08, 2024 | $25.43 | $27.00 | +6.17% |
| Mar 06, 2024 | $23.14 | $26.60 | +14.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Riley Exploration Permian (REPX) report earnings?
Riley Exploration Permian (REPX) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Riley Exploration Permian (REPX) earnings time?
Riley Exploration Permian (REPX) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REPX EPS forecast?
REPX EPS forecast for the fiscal quarter 2024 (Q4) is 1.64.
---