Riley Exploration Permian, Inc. REPX
Riley Permian is a growth-oriented, independent oil and natural gas company focused on horizontal drilling of conventional oil-saturated and liquids-rich formations in the Permian Basin that produce long-term cash flows. The majority of our acreage is located in Yoakum County, Texas and Eddy County, New Mexico.
Our strategic business objectives include enhancing the rate of return on our invested capital, generating sustainable free cash flow, maintaining a strong and flexible balance sheet and maximizing our returns to shareholders. We implement this strategy primarily through identification and capture of attractive development opportunities, optimization of our assets and pursuing complementary growth opportunities that increase our scale and meet our strategic and financial objectives.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $392.0M | $410.2M | $375.0M | $321.7M | $151.0M | $76.9M | $4.9M | $5.9M | $4.7M | $4.7M |
| SG&A | — | — | — | — | — | $2.2M | $1.3M | $1.2M | $1.2M | $1.4M |
| Total operating expenses | $258.7M | $256.5M | $203.2M | $118.2M | $91.2M | $69.6M | $5.4M | $5.6M | $5.5M | $8.8M |
| Operating income | $133.3M | $153.7M | $171.9M | $203.5M | $59.9M | $7.3M | -$505.0K | $240.0K | -$794.0K | -$4.1M |
| Interest expense | $31.4M | $34.3M | $31.8M | $1.1M | $4.5M | $5.3M | $10.0K | $5.0K | $53.0K | $102.0K |
| Pre-tax income | $209.0M | $117.0M | $146.1M | $150.9M | -$33.9M | $35.9M | -$464.0K | $425.0K | -$845.0K | -$4.2M |
| Income tax | $48.1M | $28.1M | $34.5M | $32.8M | $13.0M | $718.0K | $28.0K | $17.0K | $242.0K | — |
| Net income | $160.8M | $88.9M | $111.6M | $118.0M | -$65.7M | $35.1M | -$436.0K | $1.6M | -$574.0K | -$4.2M |
| EPS, basic | 7.61 | 4.29 | 5.66 | 6.04 | -4.19 | 2.54 | -0.49 | — | -0.06 | -0.69 |
| EPS, diluted | 7.59 | 4.26 | 5.58 | 5.99 | -4.19 | 2.13 | -0.49 | — | -0.06 | -0.69 |
| Shares, diluted (wtd. avg.) | $21.2M | $20.9M | $20.0M | $19.7M | $16.0M | $16.5M | $887.6K | $10.6M | $10.1M | $6.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $17.9M | $13.1M | $15.3M | $13.3M | $8.3M | $1.7M | $3.7M | $3.1M | $185.0K | $76.0K |
| Receivables | $41.0M | $44.4M | $31.1M | $24.1M | $17.6M | $10.1M | $557.0K | $533.0K | $517.0K | $490.0K |
| Inventory | $7.9M | $5.7M | $6.2M | $8.9M | $780.0K | $361.0K | $415.0K | $464.0K | $541.0K | $627.0K |
| Total current assets | $93.8M | $68.1M | $63.3M | $51.0M | $31.3M | $32.4M | $4.3M | $4.3M | $1.5M | $1.6M |
| Property, plant and equipment | $21.9M | $30.5M | $20.7M | $20.0M | $3.2M | $1.8M | $149.0K | $190.0K | $135.0K | $140.0K |
| Total assets | $1.17B | $993.5M | $945.7M | $515.3M | $396.2M | $351.0M | $8.9M | $9.5M | $8.1M | $8.6M |
| Accounts payable | $5.1M | $13.9M | $3.9M | $3.9M | $7.7M | $4.7M | $269.0K | $132.0K | $181.0K | $303.0K |
| Short-term debt | $20.0M | $20.0M | $20.0M | $0 | — | — | — | $51.0K | $41.0K | $55.0K |
| Total current liabilities | $156.5M | $122.8M | $94.3M | $76.3M | $64.1M | $18.6M | $610.0K | $548.0K | $611.0K | $791.0K |
| Long-term debt | $227.9M | $249.5M | $336.0M | $56.0M | — | — | — | $73.0K | $49.0K | $2.4M |
| Total liabilities | $535.3M | $482.9M | $524.1M | $181.8M | $158.3M | $124.1M | $2.6M | $2.7M | $2.9M | $5.3M |
| Retained earnings | $327.6M | $200.4M | $142.5M | $58.8M | -$33.9M | $0 | -$52.0M | -$51.5M | -$53.1M | -$52.5M |
| Total equity | $634.2M | $510.6M | $421.6M | $333.4M | $237.8M | $0 | $0 | $6.8M | $5.2M | $3.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $212.5M | $246.3M | $207.2M | $170.3M | $86.1M | $62.5M | $226.0K | $1.3M | $154.0K | -$1.0M |
| Depreciation and amortisation | $93.2M | $74.9M | $65.1M | $32.1M | $26.0M | $21.5M | $716.0K | $795.0K | $862.0K | $1.1M |
| Stock-based compensation | $9.1M | $8.1M | $7.0M | $3.9M | $6.1M | $0 | $17.0K | $23.0K | $14.0K | $17.0K |
| Capital expenditure | — | — | — | — | — | — | — | — | — | $47.0K |
| Investing cash flow | -$145.8M | -$147.8M | -$469.6M | -$128.3M | -$59.6M | -$51.5M | -$233.0K | $1.6M | -$179.0K | -$401.0K |
| Financing cash flow | -$62.0M | -$100.6M | $264.4M | -$37.0M | -$14.9M | -$13.1M | -$53.0K | -$42.0K | $134.0K | $1.4M |
| Dividends paid | $33.3M | $30.8M | $27.7M | $25.1M | $18.3M | $15.3M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014090.
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