NYSE$REPX
Riley Exploration Permian Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Riley Exploration Permian reported financial and operational results for the fiscal third quarter ended June 30, 2021.
Riley Exploration Permian reported a net loss of $21.5 million, but increased total net equivalent production by 35% compared to the same period in 2020. The company generated Adjusted EBITDAX of $22.5 million and realized a Cash Margin of $35.11/Boe before derivative settlements. They also completed a $47 million net capital raise in July 2021 to accelerate their Enhanced Oil Recovery program.
- Total net equivalent production increased by 35% to 9.1 MBoe/d compared to the same period in 2020.
- Net loss was $21.5 million, with Income from Operations of $19.3 million.
- Cash Margin was $35.11/Boe before derivative settlements or $25.80/Boe after derivative settlements.
- Completed a $47 million net capital raise in July 2021 to fund the Enhanced Oil Recovery program.
Headline financials
Revenue & EPS history
Riley Exploration · Revenue · Quarterly
$42.1M
Forward guidance
Riley Permian forecasts fiscal fourth quarter 2021 oil production to average 6.6 MBbls per day to 7.2 MBbls per day, with total equivalent production to average 8.7 MBoe per day to 9.6 MBoe per day.
Tailwinds
- Fiscal fourth quarter 2021 capital expenditures before acquisitions to total approximately $20 million to $26 million.
- Accelerated the development of its EOR program with estimated fiscal fourth quarter 2021 capital expenditures before acquisitions related to drilling vertical injection wells
- Accelerated the development of its EOR program with estimated fiscal fourth quarter 2021 capital expenditures before acquisitions related to purchase of water and gas line infrastructure
- Accelerated the development of its EOR program with estimated fiscal fourth quarter 2021 capital expenditures before acquisitions related to purchase of the CO2 connection equipment.
- Certain drilling & completions capital expenditures are now forecasted to be invested during the fiscal fourth quarter 2021.
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 Q3 2021
+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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