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

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Contents

Condensed Consolidated Statements of Operations

RILEY EXPLORATION PERMIAN, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
	Three Months Ended March 31,
	2024	2023
(In thousands, except per share amounts)
Revenues:
Oil and natural gas sales, net	$99,424	$66,412
Contract services - related parties	320	600
Total Revenues	99,744	67,012
Costs and Expenses:
Lease operating expenses	16,769	8,875
Production and ad valorem taxes	7,231	4,110
Exploration costs	4	332
Depletion, depreciation, amortization and accretion	17,779	9,083
General and administrative:
Administrative costs	5,339	5,467
Share-based compensation expense	1,692	1,114
Cost of contract services - related parties	363	110
Transaction costs	—	1,887
Total Costs and Expenses	49,177	30,978
Income from Operations	50,567	36,034
Other Income (Expense):
Interest expense, net	(9,067)	(1,016)
Gain (loss) on derivatives, net	(17,077)	5,755
Income (loss) from equity method investment	167	(232)
Total Other Income (Expense)	(25,977)	4,507
Net Income from Operations before Income Taxes	24,590	40,541
Income tax expense	(5,832)	(8,690)
Net Income	$18,758	$31,851
Net Income per Share:
Basic	$0.94	$1.62
Diluted	$0.94	$1.60
Weighted Average Common Shares Outstanding:
Basic	19,891	19,649
Diluted	19,992	19,910

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