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NYSE:REPX

Riley Exploration Permian 5/8/2024 Earnings Report

Riley Exploration Permian logo
$27.71 +0.29 (+1.06%)
Closing price 04:00 PM Eastern
Extended Trading
$27.69 -0.02 (-0.07%)
As of 04:15 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Riley Exploration Permian EPS Results

Actual EPS
$1.61
Consensus EPS
$1.50
Beat/Miss
Beat by +$0.11
One Year Ago EPS
N/A

Riley Exploration Permian Revenue Results

Actual Revenue
$99.74 million
Expected Revenue
$96.65 million
Beat/Miss
Beat by +$3.09 million
YoY Revenue Growth
N/A

Riley Exploration Permian Announcement Details

Quarter
Time
N/A
Conference Call Date
N/A
Conference Call Time
N/A

Conference Call Resources

Riley Exploration Permian Earnings Headlines

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About Riley Exploration Permian

Riley Exploration Permian (NYSE:REPX) (NYSE:REPX) is a special purpose acquisition company formed to raise capital through an initial public offering with the objective of identifying and completing a business combination in the oil and natural gas sector. The company holds its IPO proceeds in a trust account while it pursues potential targets, offering public market investors a vehicle to gain exposure to the prolific Permian Basin without direct participation in upstream operations until completion of a merger or acquisition.

The firm’s primary business activity is to search for and acquire one or more businesses or assets that may include upstream exploration and production companies, midstream infrastructure operators or integrated energy businesses with significant Permian Basin exposure. By focusing on opportunities in West Texas and southeastern New Mexico, Riley Exploration Permian aims to leverage its management team’s technical expertise and operational insights to identify assets with attractive reserves, low decline rates and potential for enhanced recovery through advanced drilling and completion techniques.

Founded in 2021 by a group of energy industry veterans, the company is sponsored by Riley Exploration Partnership, a private concern with a history of developing high-return projects in the Midland and Delaware sub-basins. The sponsor’s principals bring decades of experience in well planning, reservoir management, production optimization and midstream logistics, having previously held leadership roles at major E&P firms and boutique energy funds. This depth of sector knowledge underpins the SPAC’s disciplined approach to due diligence, asset valuation and deal structuring.

Until a definitive business combination is announced and completed, Riley Exploration Permian’s management team oversees the preservation of capital and maintains regulatory and shareholder engagement in anticipation of transaction approval. The board comprises seasoned executives with backgrounds in finance, engineering and operations, poised to guide the company through the target evaluation process and, ultimately, integrate the acquired entity into a listed corporate structure designed to deliver long-term value for shareholders.

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