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 Operations
| RILEY EXPLORATION PERMIAN, INC. | ||||
|---|---|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| (Unaudited) | ||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands, except per share amounts) | ||||
| Revenues: | ||||
| Oil and natural gas sales, net | $102,339 | $107,694 | $307,106 | $273,418 |
| Contract services - related parties | — | 600 | 380 | 1,800 |
| Total Revenues | 102,339 | 108,294 | 307,486 | 275,218 |
| Costs and Expenses: | ||||
| Lease operating expenses | 18,532 | 16,898 | 51,793 | 43,287 |
| Production and ad valorem taxes | 7,002 | 7,242 | 21,407 | 18,573 |
| Exploration costs | 375 | 231 | 439 | 643 |
| Depletion, depreciation, amortization and accretion | 20,722 | 18,706 | 55,971 | 46,390 |
| Other impairments | 30,158 | — | 30,158 | — |
| General and administrative: | ||||
| Administrative costs | 5,879 | 5,530 | 17,862 | 17,497 |
| Share-based compensation expense | 1,720 | 1,109 | 6,693 | 3,448 |
| Cost of contract services - related parties | — | 128 | 363 | 347 |
| Transaction costs | 473 | 221 | 1,143 | 5,760 |
| Total Costs and Expenses | 84,861 | 50,065 | 185,829 | 135,945 |
| Income from Operations | 17,478 | 58,229 | 121,657 | 139,273 |
| Other Income (Expense): | ||||
| Interest expense, net | (8,789) | (10,338) | (26,713) | (21,515) |
| Gain (loss) on derivatives, net | 24,217 | (35,345) | 6,781 | (20,925) |
| Income (loss) from equity method investment | (210) | 23 | (235) | (213) |
| Total Other Income (Expense) | 15,218 | (45,660) | (20,167) | (42,653) |
| Net Income from Operations before Income Taxes | 32,696 | 12,569 | 101,490 | 96,620 |
| Income tax expense | (7,033) | (3,922) | (23,521) | (23,054) |
| Net Income | $25,663 | $8,647 | $77,969 | $73,566 |
| Net Income per Share: | ||||
| Basic | $1.22 | $0.44 | $3.79 | $3.74 |
| Diluted | $1.21 | $0.43 | $3.76 | $3.68 |
| Weighted Average Common Shares Outstanding: | ||||
| Basic | 20,992 | 19,680 | 20,584 | 19,667 |
| Diluted | 21,209 | 19,989 | 20,764 | 19,964 |
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