Riley Exploration Permian Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
REPX$41.25+2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| RILEY EXPLORATION PERMIAN, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (Unaudited) | ||
| Three Months Ended March 31, | ||
| 2024 | 2023 | |
| (In thousands) | ||
| Cash Flows from Operating Activities: | ||
| Net income | $18,758 | $31,851 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Exploratory well costs and lease expirations | — | 332 |
| Depletion, depreciation, amortization and accretion | 17,779 | 9,083 |
| (Gain) loss on derivatives, net | 17,077 | (5,755) |
| Settlements on derivative contracts | 104 | (5,088) |
| Amortization of deferred financing costs and discount | 1,315 | 192 |
| Share-based compensation expense | 1,692 | 1,260 |
| Deferred income tax expense | 1,886 | 5,283 |
| Other | (240) | 232 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (3,457) | 911 |
| Prepaid expenses and other current assets | 205 | (1,276) |
| Other non-current assets | (217) | — |
| Accounts payable and accrued liabilities | (170) | (3,894) |
| Inventory | (174) | (5,031) |
| Revenue payable | (582) | 1,611 |
| Other current liabilities | 2,149 | 3,259 |
| Net Cash Provided by Operating Activities | 56,125 | 32,970 |
| Cash Flows from Investing Activities: | ||
| Additions to oil and natural gas properties | (34,939) | (34,986) |
| Contributions to equity method investment | (5,619) | (1,840) |
| Funds held in escrow | (1,926) | (33,000) |
| Additions to other property and equipment | (124) | (109) |
| Net Cash Used in Investing Activities | (42,608) | (69,935) |
| Cash Flows from Financing Activities: | ||
| Deferred financing costs | — | (49) |
| Proceeds from credit facility | — | 33,000 |
| Repayments under credit facility | (10,000) | — |
| Repayments of Senior Notes | (5,000) | — |
| Payment of common share dividends | (7,166) | (6,778) |
| Common stock repurchased for tax withholding | (106) | (234) |
| Net Cash (Used in) Provided by Financing Activities | (22,272) | 25,939 |
| Net Decrease in Cash and Cash Equivalents | (8,755) | (11,026) |
| Cash and Cash Equivalents, Beginning of Period | 15,319 | 13,301 |
| Cash and Cash Equivalents, End of Period | $6,564 | $2,275 |
| RILEY EXPLORATION PERMIAN, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - (Continued) | ||
| (Unaudited) | ||
| Three Months Ended March 31, | ||
| 2024 | 2023 | |
| (In thousands) | ||
| Supplemental Disclosure of Cash Flow Information | ||
| Cash Paid For: | ||
| Interest, net of capitalized interest | $8,324 | $788 |
| Non-cash Investing and Financing Activities: | ||
| Changes in capital expenditures in accounts payable and accrued liabilities | $(4,210) | $2,870 |
| Assets contributed to equity method investment | $— | $2,272 |
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