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Riley Exploration Permian (REPX)
:REPX
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Riley Exploration Permian
(NYSE MKT:REPX)
Rating:72Outperform
Price Target:
$31.00
▲(15.89% Upside)
Riley Exploration Permian (REPX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$600.43M
Dividend Yield5.68%
Average Volume (3M)127.25K
Price to Earnings (P/E)6.0
Beta (1Y)1.11
Revenue Growth-4.93%
EPS Growth-7.56%
CountryUS
Employees103
SectorEnergy
Sector Strength41
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.02
Shares Outstanding22,042,244
10 Day Avg. Volume121,783
30 Day Avg. Volume127,248
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue2.08
Enterprise Value/Gross Profit3.86
Enterprise Value/Ebitda3.53
Forecast
1Y Price Target
$40.25Price Target Upside50.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Riley Exploration Permian Business Overview & Revenue Model
Company DescriptionRiley Exploration Permian, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in Texas and New Mexico. The company's activities are primarily focused on the San Andres Formation, a shelf margin deposit on the Central Basin Platform and Northwest Shelf. Its acreage is primarily located on contiguous blocks in Yoakum County, Texas; and Lea and Roosevelt Counties, New Mexico. As of September 30, 2021, the company had approximately 31,352 net acres and a total of 77 net producing wells. Riley Exploration Permian, Inc. is headquartered in Oklahoma City, Oklahoma.
How the Company Makes MoneyRiley Exploration Permian generates revenue primarily through the exploration, production, and sale of oil and natural gas. The company's revenue model is largely based on the sale of crude oil, natural gas, and natural gas liquids, which are sold to various customers, including refiners and marketers. Key revenue streams include direct sales from production, as well as potential revenue from joint ventures and partnerships that may involve shared resources or infrastructure. Factors contributing to the company's earnings include market prices for oil and gas, operational efficiency in extraction and production processes, and the strategic acquisition of high-potential properties within the Permian Basin. Additionally, REPX may benefit from hedging strategies to mitigate price volatility and optimize revenue stability.
Riley Exploration Permian Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q2-2025)
| % Change Since: 3.92%|
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted solid operational performance and strategic growth initiatives, such as the successful Silverback acquisition and record safety metrics. However, challenges such as production constraints due to infrastructure, decreased oil prices, and increased debt were noted. Despite these challenges, the company demonstrated cost reduction achievements and continued growth potential.Q2-2025 Updates
Positive Updates
Solid Overall Performance
Riley Permian demonstrated solid overall performance in the second quarter despite a less favorable oil macro backdrop and regional operating environment. The company adjusted development activity and CapEx downward in response to lower oil prices and generated significant free cash flow for the first half of the year.
Successful Silverback Acquisition
Riley closed the acquisition of Silverback Exploration, increasing its Yeso trend footprint to 30,000 net acres. This acquisition offers substantial undeveloped potential for future growth.
Record Safety Metrics
Riley Permian achieved a total recordable incident rate of 0 in the second quarter, maintaining 97% safe days for the second quarter in a row.
Cost Reduction Achievements
The company reduced total average drilling cost per lateral foot by 15% over the previous program in 2024 despite higher pipe pricing due to tariffs.
Production and Growth
Barrel of oil equivalent production increased 14% compared to the same quarter last year. The company maintained low operating costs and continued to find significant synergies in the recent Silverback acquisition.
Negative Updates
Production Decline Due to Infrastructure Challenges
Net production declined marginally from 1.41 million to 1.38 million barrels of oil quarter-over-quarter in Q2, primarily due to gas takeaway constraints with the current midstream partner in New Mexico.
Lower Realized Oil Prices
Realized oil prices before hedges fell 11% quarter-over-quarter and 22% year-over-year, impacting cash flow from operations.
Noncash Impairment
The company reported a $1 million noncash impairment on a small asset outside of core areas, driven by lower prices.
Debt Increase
There was an increase in debt to $401 million as of August 1, driven by the funding for the Silverback acquisition and working capital needs.
Company Guidance
During the second quarter earnings call for Riley Exploration Permian Inc., the company outlined its strategic responses to current market conditions and provided forward-looking guidance. Despite an unfavorable oil macro backdrop, the company adjusted its development activity and capital expenditure (CapEx) downward, optimizing free cash flow generation. The second quarter saw a net production decline from 1.41 million to 1.38 million barrels of oil quarter-over-quarter, although barrel of oil equivalent production increased by 1% quarter-over-quarter and by 14% year-over-year. The company drilled 10, completed 2, and turned in line 7 gross operated wells, setting records in drilling efficiency and reducing costs per lateral foot by 15% despite higher pipe pricing due to tariffs. Riley's average daily net production was 15,200 barrels of oil per day and 24,400 barrels of oil equivalent per day. The company also highlighted its strategic acquisition of Silverback Exploration, which expanded its Yeso trend footprint to 30,000 net acres. The acquisition is expected to provide substantial undeveloped potential, with anticipated cost synergies and operational efficiencies projected to result in savings of 5% to 15% for services. Looking ahead, Riley expects a fourth-quarter midpoint oil production rate of 18,000 barrels per day, reflecting a 21% growth from the second quarter. Capital budget adjustments include a modest increase to 10 new drills, with a planned 45% upstream reinvestment rate of cash flow from operations. The company remains cautious of macroeconomic uncertainties but has positioned itself for resilience with strategic infrastructure projects and disciplined capital allocation.Riley Exploration Permian Financial Statement Overview
Summary
Riley Exploration Permian exhibits strong financial health with robust revenue growth and efficient operations. The company shows strong revenue growth with a 29% increase from 2022 to 2023 and consistent gross profit margins above industry averages. However, the increase in leverage warrants monitoring.Income Statement
Riley Exploration Permian shows strong revenue growth with a 29% increase from 2022 to 2023 and consistent gross profit margins above industry averages. The TTM data indicates stable EBIT and EBITDA margins at 37.1% and 57.3% respectively, showcasing robust operational efficiency. However, net profit margins have slightly declined to 23.9% TTM, suggesting rising expenses or tax burdens.85
Very Positive
Balance Sheet
The company's balance sheet reflects a healthy equity position with an equity ratio of 53.5% TTM, indicating strong financial stability. The debt-to-equity ratio has increased from 0.17 to 0.48, highlighting potential leverage risks. However, return on equity remains solid at 18.6% TTM, suggesting efficient use of shareholder funds.78
Positive
Cash Flow
Riley Exploration Permian demonstrates strong cash flow generation with a 92% increase in free cash flow from 2023 to 2024. The operating cash flow to net income ratio of 2.44 TTM indicates excellent cash conversion efficiency. However, capital expenditures remain high, impacting free cash flow despite the growth.82
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 392.88M | 410.18M | 375.05M | 321.74M | 151.04M | 4.91M |
| Gross Profit | 211.30M | 234.03M | 220.87M | 237.45M | 93.93M | 797.00K |
| EBITDA | 231.00M | 223.50M | 252.53M | 307.13M | 89.62M | 217.00K |
| Net Income | 95.69M | 88.90M | 111.59M | 118.01M | -46.87M | -436.00K |
Balance Sheet | ||||||
| Total Assets | 1.03B | 993.50M | 945.71M | 515.29M | 388.23M | 8.92M |
| Cash, Cash Equivalents and Short-Term Investments | 14.03M | 13.12M | 15.32M | 13.30M | 17.07M | 3.06M |
| Total Debt | 279.45M | 277.17M | 356.94M | 56.00M | 60.00M | 143.00K |
| Total Liabilities | 476.69M | 482.89M | 524.12M | 181.85M | 166.54M | 2.57M |
| Stockholders Equity | 556.88M | 510.62M | 421.60M | 333.45M | 221.69M | 6.35M |
Cash Flow | ||||||
| Free Cash Flow | 115.09M | 116.35M | 65.89M | 42.03M | 25.59M | -213.00K |
| Operating Cash Flow | 222.53M | 246.27M | 207.19M | 170.29M | 86.08M | 226.00K |
| Investing Cash Flow | -130.64M | -147.84M | -469.56M | -128.26M | -55.74M | -233.00K |
| Financing Cash Flow | -88.77M | -100.63M | 264.38M | -37.05M | -14.94M | -53.00K |
Riley Exploration Permian Technical Analysis
Positive
26.75
Price Trends
26.72
Positive
26.29
Positive
28.72
Negative
Market Momentum
0.07
Negative
51.27
Neutral
70.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For REPX, the sentiment is Positive. The current price of 26.75 is above the 20-day moving average (MA) of 26.55, above the 50-day MA of 26.72, and below the 200-day MA of 28.72, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 51.27 is Neutral, neither overbought nor oversold. The STOCH value of 70.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for REPX.
Riley Exploration Permian Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $600.43M | 6.02 | 18.30% | 5.68% | -4.93% | -7.56% | |
72 Outperform | $392.01M | 10.22 | 7.60% | 6.76% | -2.71% | -54.82% | |
67 Neutral | $699.55M | 21.73 | 4.90% | 8.37% | 9.54% | -42.85% | |
66 Neutral | $396.92M | 5.29 | 16.72% | 4.07% | 13.75% | 87.48% | |
65 Neutral | $14.84B | 8.62 | 2.77% | 5.45% | 4.51% | -62.52% | |
49 Neutral | $594.81M | 2.02 | -30.17% | ― | 5.26% | -309.56% | |
| ― | $803.69M | 47.35 | 1.92% | 16.05% | ― | ― |
* Energy Sector Average
Performance Comparison
REPX
Riley Exploration Permian
26.75
0.30
1.13%
VTLE
Vital Energy
15.32
-20.95
-57.76%
SD
SandRidge Energy
10.81
-2.01
-15.68%
EGY
Vaalco Energy
3.70
-2.52
-40.51%
GRNT
Granite Ridge Resources
5.26
-0.84
-13.77%
TXO
TXO Energy Partners LP
14.02
-3.75
-21.10%
Riley Exploration Permian Corporate Events
M&A Transactions
Riley Exploration Permian Completes $142M Acquisition
Neutral
Jul 2, 2025
On July 1, 2025, Riley Exploration Permian, Inc. completed its acquisition of Silverback Exploration II, LLC, which holds oil and gas assets in Eddy County, New Mexico. The acquisition, valued at approximately $142 million, was funded through the company’s credit facility and cash on hand, potentially impacting the company’s operations and market positioning in the Permian Basin.
The most recent analyst rating on (REPX) stock is a Buy with a $49.50 price target. To see the full list of analyst forecasts on Riley Exploration Permian stock, see the REPX Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.