NYSE$REPX
Riley Exploration Permian Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported successful second quarter with record-high metrics across production and cash flow from operations, driven by the New Mexico acquisition and continued execution with legacy assets.
Riley Exploration Permian reported a successful second quarter with record-high metrics in production and cash flow, driven by the acquisition of New Mexico assets and continued execution of legacy assets. Net income was $33 million, and adjusted EBITDAX was $66 million. Production exceeded guidance, while capital expenditures were below guidance.
- Closed on the acquisition of oil and natural gas assets in New Mexico and successfully transitioned operations.
- Averaged oil production of 15.1 MBbls/d (21.2 MBoe/d total equivalent production), representing an increase of 80% as compared year-over-year to the second quarter 2022.
- Reported net income of $33 million, or $1.65 per diluted share, which includes $11 million of non-cash gain on derivative contracts and income from operations of $45 million.
- Generated $66 million of Adjusted EBITDAX and $56 million of operating cash flow.
Headline financials
Revenue & EPS history
Riley Exploration · Revenue · Quarterly
$99.9M
Forward guidance
Riley Permian is providing third quarter 2023 and updated full-year 2023 guidance based on currently scheduled development activity and current market conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.3%
Avg return
Earnings day
+8.7%
Avg return
5 days after
+11.4%
Avg return
30 days after
44%
28 / 64 earnings
Positive
+21.0%
Q1 2019
Best reaction
-18.3%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.3% | -5.5% | -5.8% | |
| Q4 2025 | +8.7% | +8.1% | +23.4% | |
| Q3 2025 | -3.2% | +3.7% | +9.4% | |
| Q1 2025 | +6.8% | +18.4% | +8.9% | |
| Q4 2024 | +1.6% | -2.2% | -12.5% | |
| Q3 2024 | +16.8% | +22.9% | +16.3% | |
| Q2 2024 | +5.3% | +11.0% | +6.1% | |
| Q1 2024 | +5.4% | +0.9% | +0.3% | |
| Q4 2023 | +14.1% | +13.7% | +17.9% | |
| Q3 2023 | -18.3% | -16.8% | -18.9% | |
| Q2 2023 | -10.2% | -6.9% | -11.4% | |
| Q1 2023 | -14.3% | -16.6% | -3.7% | |
| Q4 2022 | +0.9% | -0.6% | +30.0% | |
| Q3 2022 | +0.9% | -3.9% | -10.3% | |
| Q2 2022 | -1.0% | +4.9% | +25.4% | |
| Q1 2022 | +7.5% | -5.3% | +10.5% | |
| Q4 2021 | +10.5% | +3.0% | +36.6% | |
| Q3 2021 | -12.2% | -13.2% | +6.0% | |
| Q2 2021 | -0.4% | -7.8% | +28.4% | |
| Q4 2020 | +15.2% | +28.4% | +46.9% | |
| Q3 2020 | -5.6% | +9.8% | +37.0% | |
| Q2 2020 | +1.2% | +2.4% | +14.3% | |
| Q1 2020 | -4.2% | +12.5% | +8.3% | |
| Q4 2017 | +0.0% | +20.0% | +17.8% | |
| Q4 2016 | +0.0% | +20.0% | +17.8% | |
| Q4 2018 | +0.0% | +20.0% | +17.8% | |
| Q4 2019 | +0.0% | +20.0% | +17.8% | |
| Q3 2019 | -10.0% | -5.1% | -22.0% | |
| Q2 2019 | -3.2% | -2.8% | -12.5% | |
| Q1 2019 | +21.0% | +6.8% | +3.9% | |
| Q3 2018 | +9.1% | +10.0% | -3.0% | |
| Q2 2018 | +0.8% | +4.0% | +3.0% | |
| Q1 2018 | -1.4% | -5.6% | +11.3% | |
| Q3 2017 | +3.3% | +3.3% | +23.0% | |
| Q2 2017 | +2.6% | -3.2% | +9.7% | |
| Q1 2017 | +0.0% | +169.2% | +74.4% | |
| Q3 2016 | +11.2% | +11.1% | +14.3% | |
| Q2 2016 | +2.6% | +2.6% | -4.3% | |
| Q1 2016 | -6.2% | — | — | |
| Q4 2015 | -5.6% | — | — | |
| Q3 2015 | +8.8% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -4.6% | — | — | |
| Q4 2014 | -2.9% | — | — | |
| Q3 2014 | -5.6% | — | — | |
| Q2 2014 | -4.9% | — | — | |
| Q4 2013 | -4.5% | — | — | |
| Q1 2014 | -4.5% | — | — | |
| Q3 2013 | -8.6% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | -4.0% | — | — | |
| Q4 2012 | -4.0% | — | — | |
| Q3 2012 | -7.8% | — | — | |
| Q2 2012 | -3.7% | — | — | |
| Q1 2012 | -2.7% | — | — | |
| Q4 2009 | +4.8% | — | — | |
| Q4 2011 | +4.8% | — | — | |
| Q3 2011 | +7.7% | — | — | |
| Q4 2010 | +8.1% | — | — | |
| Q2 2011 | +8.1% | — | — | |
| Q1 2011 | -0.8% | — | — | |
| Q3 2010 | -6.9% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q1 2010 | +2.1% | — | — |
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