Riley Exploration Permian, Inc. (NYSE:REPX) Q2 2023 Results Conference Call August 8, 2023 11:00 AM ET Company Participants Philip Riley - CFO and EVP of Strategy Bobby Riley - Chairman and CEO Kevin Riley - President Conference Call Participants Neal Dingmann - Truist Securities Noel Parks - Tuohy Brothers Jeff Robertson - Water Tower Research Philip Riley Thank you, and good morning. Welcome to our conference call covering the second quarter 2023 results. Yesterday, the company published a number of items ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-15555 Riley Exploration Permian, Inc. (Exact name of registrant as specified in its charter) Delaware 87-0267438 (State or other jurisdiction of incorporation or organization) ...

Riley Exploration Permian, Inc. (NYSE:REPX) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Philip Riley - Chief Financial Officer Bobby Riley - Chairman and Chief Executive Officer Kevin Riley - President Conference Call Participants Neil Dingmann - Truist Securities Noel Parks - Tuohy Brothers Investment Research Operator Hello and thank you for standing by. My name is Jeremy and I will be your conference operator today. At this time, I would like to welcome everyone to the R ...

2023 Plan Guidance 7 (1) Based on management estimates and midpoint guidance. Price sensitivity uses actual prices through 4/30/2023 and flat price case thereafter; each case uses $2.54 for Henry Hub natural gas index price. "75% As Reported" metrics reflect the impact of the New Mexico Acquisition for the second, third and fourth quarters of 2023. "100% Pro Forma" metrics represent illustrative, run-rate metrics as if the New Mexico Acquisition closed on January 1, 2023. (2) A non-GAAP financial measure as ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-15555 | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common stock, par value $0.001 | REPX | NYSE American | In ...

Financial Data and Key Metrics Changes - Total revenue for the fourth quarter was approximately $64 million, which is 10% lower than the third quarter, primarily due to a 13% decrease in realized oil prices, partially offset by higher production and lower derivative settlements [14][18] - Cash flow from operations before changes in working capital decreased from $50 million to $44 million, representing a 12% decrease quarter-over-quarter [15] - For the full year, cash flow from operations before working capital increased by 89% year-over-year from $89 million to $169 million, driven by higher volumes and prices [16][41] Business Line Data and Key Metrics Changes - Production grew from 12.7 to 13.3 MBoe per day in the fourth quarter, a 4% increase quarter-over-quarter, and year-over-year average production increased from 9.2 to 11.5 MBoe per day, a 25% increase [5][41] - Lease operating expenses for the fourth quarter were $8.8 million or $7.16 per BOE, representing a 5% decrease quarter-over-quarter and a 5% increase year-over-year [6] Market Data and Key Metrics Changes - The company anticipates starting operations on the Pecos assets in mid-April, with new production expected by early to mid-summer [4] - The acquisition of Pecos Oil & Gas assets is expected to enhance production and diversify the company's portfolio, reducing single area concentration risk [9] Company Strategy and Development Direction - The company is focused on driving profitable growth and investing in long-term initiatives, including the acquisition of new assets and the development of on-site power generation [10][40] - The joint venture for on-site power generation aims to improve control over energy costs and reduce carbon emissions [10] Management's Comments on Operating Environment and Future Outlook - Management noted that inflationary pressures are being observed, but there are signs of prices starting to come down, which could lead to improved efficiencies [28] - The company is working on a large-scale storage hub project for CO2, indicating a commitment to advancing environmental initiatives [31] Other Important Information - The company paid $25 million in dividends during the year, corresponding to 44% of free cash flow, and has paid dividends for 16 consecutive quarters [42][43] - The first phase of the power generation project is expected to be operational by June 2023, providing 10 megawatts of power [10] Q&A Session Summary Question: Thoughts on Pecos assets and competition - Management anticipates starting operations in mid-April and bringing on new production by early to mid-summer [4] Question: Inflation costs and mitigation - Management noted that prices may be starting to come down, which could help drive efficiencies [28] Question: Update on CCUS project - The company is working with partners on a large-scale storage hub project, focusing on efficiency and shareholder capital [31] Question: Infrastructure issues with Yeso assets - There are no anticipated large infrastructure CapEx needs, as existing infrastructure is in place [57] Question: Flexibility with midstream contracts - Management indicated that there is flexibility with midstream contracts to maximize economics [61] Question: Impact of power project on operating efficiency - The power project aims to improve operational quality and reduce costs associated with fluctuating power quality [62] Question: Hedging positions for oil - The company has established hedge positions to protect cash flows, especially with the new acquisition [86]

Forward-Looking Statements All statements, other than historical facts, that address activities that Riley Permian assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. The forward-looking statements are based on management's current beliefs, based on currently available information, as to the outcome and timing of future events, including the volatility of oil, natural gas and NGL prices; the scope, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-15555 Riley Exploration Permian, Inc. (Exact name of registrant as specified in its charter) Delaware 87-0267438 (State or other jurisdiction of incorporation or organization) (I. ...

Riley Exploration Permian, Inc. (NYSE:REPX) Q3 2022 Earnings Conference Call November 15, 2022 11:00 AM ET Company Participants Philip Riley - Chief Financial Officer and Executive Vice President, Strategy Bobby Riley - Chairman and Chief Executive Officer Kevin Riley - President Conference Call Participants Neal Dingmann - Truist Securities John White - ROTH Capital Noel Parks - Tuohy Brothers Richard Dearnley - Longport Partners Operator Hello and thank you for standing by. My name is Regina and I will be ...

Commission file number 001-15555 Riley Exploration Permian, Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 87-0267438 (State or other jurisdiction of incorporation or organiza ...