Riley Exploration Permian Inc
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 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) | ||
| Nine Months Ended September 30, | ||
| 2024 | 2023 | |
| (In thousands) | ||
| Cash Flows from Operating Activities: | ||
| Net income | $77,969 | $73,566 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Exploratory well costs and lease expirations | 404 | 619 |
| Depletion, depreciation, amortization and accretion | 55,971 | 46,390 |
| Other impairments | 30,158 | — |
| (Gain) loss on derivatives, net | (6,781) | 20,925 |
| Settlements on derivative contracts | (910) | (13,660) |
| Amortization of deferred financing costs and discount | 3,975 | 2,470 |
| Share-based compensation expense | 6,693 | 3,594 |
| Deferred income tax expense | 8,732 | 17,602 |
| Loss from equity method investment | 235 | 213 |
| Other | — | (25) |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (5,908) | (19,771) |
| Prepaid expenses and other current assets | (438) | (1,279) |
| Other non-current assets | (1,235) | (937) |
| Accounts payable and accrued liabilities | 1,790 | 6,720 |
| Inventory | (1,114) | (2,108) |
| Revenue payable | 2,959 | 9,423 |
| Other current liabilities | 7,396 | (2,370) |
| Net Cash Provided by Operating Activities | 179,896 | 141,372 |
| Cash Flows from Investing Activities: | ||
| Additions to oil and natural gas properties | (76,372) | (114,298) |
| Net assets acquired in business combination | — | (324,686) |
| Acquisitions of oil and natural gas properties | (19,597) | (5,443) |
| Contributions to equity method investment | (16,662) | (3,566) |
| Additions to other property and equipment | (694) | (499) |
| Net Cash Used in Investing Activities | (113,325) | (448,492) |
| Cash Flows from Financing Activities: | ||
| Deferred financing costs | (80) | (6,250) |
| Proceeds from credit facility | 15,000 | 178,000 |
| Repayments under credit facility | (70,000) | (24,000) |
| Proceeds from Senior Notes, net of discount | — | 188,000 |
| Repayments of Senior Notes | (15,000) | (10,000) |
| Payment of common share dividends | (22,839) | (20,173) |
| Proceeds from issuance of common shares, net | 25,415 | 87 |
| Common stock repurchased for tax withholding | (1,064) | (1,479) |
| Net Cash (Used in) Provided by Financing Activities | (68,568) | 304,185 |
| Net Decrease in Cash | (1,997) | (2,935) |
| Cash, Beginning of Period | 15,319 | 13,301 |
| Cash, End of Period | $13,322 | $10,366 |
| RILEY EXPLORATION PERMIAN, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - (Continued) | ||
| (Unaudited) | ||
| Nine Months Ended September 30, | ||
| 2024 | 2023 | |
| (In thousands) | ||
| Supplemental Disclosure of Cash Flow Information | ||
| Cash Paid For: | ||
| Interest, net of capitalized interest | $24,709 | $18,140 |
| Income taxes, net of refunds | $16,043 | $4,633 |
| Non-cash Investing and Financing Activities: | ||
| Changes in capital expenditures in accounts payable and accrued liabilities | $(790) | $(9,662) |
| Right of use assets obtained in exchange for operating lease liability | $632 | $(517) |
| Assets contributed to equity method investment | $— | $2,272 |
| Asset retirement obligations assumed in acquisitions | $9,727 | $19,359 |
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