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Riley Exploration Permian (REPX)
:REPX
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.52Last Year’s EPS
0.94Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -10.45%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with significant achievements in production growth, cost reduction, strategic infrastructure investments, and improved financial positioning. Some challenges are noted in production mix shifts and potential midstream project delays, but the overall outlook remains strong.Company Guidance
In the fourth quarter and full year 2024 earnings call for Riley Exploration Permian Inc., the company detailed its robust performance, surpassing initial targets with a 15% increase in oil production and a 22% rise in total production, while reducing upstream cash capital expenditures by 27%. The company is pivoting towards developing its assets in New Mexico, with plans for a significant midstream project that includes a 15-year gas purchase agreement and a high-pressure 20-inch natural gas pipeline capable of transporting up to 150 million cubic feet per day. This infrastructure is projected to enhance operational control and provide commercial opportunities with third-party producers. Additionally, the company maintained a low operating cost with a lease operating expense of $8.66 per BOE for 2024. For 2025, Riley Exploration anticipates total production growth of 9% to 14%, with a focus on capital efficiency and strategic infrastructure investment, while maintaining a strong balance sheet to support future development initiatives.Exceeding Production and Expense Reduction Targets
Oil production grew by 15% and total production increased by 22% while upstream cash capital expenditures declined by 27%, surpassing initial targets of 10% growth in oil production and a 10% reduction in capital expenditures.
Strategic New Mexico Midstream Project
Investment in New Mexico midstream project with a 15-year gas purchase agreement and plans for a high-pressure 20-inch natural gas pipeline capable of transporting up to 150 million cubic feet per day.
Improved Operational Efficiency
Decreased cost per foot by 11% year-over-year, increased lateral feet drilled per day by 20%, and achieved a total recordable incident rate of zero for 2024.
Strong Financial Position
Debt reduced by $90 million year-over-year to one-times leverage at year-end, with 38% of upstream free cash flow allocated to debt reduction.
Power Joint Venture Progress
Expansion of the power project scope to include new power generation for sale into ERCOT, with self-generated power usage up 20% from the end of 2024.
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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
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REPX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $27.56 | $28.01 | +1.63% |
| Nov 06, 2024 | $29.32 | $31.20 | +6.41% |
| Aug 07, 2024 | $23.51 | $24.36 | +3.62% |
| May 08, 2024 | $24.79 | $26.32 | +6.17% |
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.
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FAQ
When does Riley Exploration Permian (REPX) report earnings?
Riley Exploration Permian (REPX) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Riley Exploration Permian (REPX) earnings time?
Riley Exploration Permian (REPX) earnings time is at May 07, 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 2025 (Q1) is 1.52.
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