Riley Exploration Permian, Inc. (REPX) Q4 2024 Earnings Conference Call
On March 6, 2025, at 10:00 AM ET, Riley Exploration Permian, Inc. (REPX) held its Q4 2024 earnings conference call. The call was led by Philip Riley, CFO, Bobby Riley, Chairman and CEO, and John Suter, COO. Neal Dingmann from Truist Securities, Derrick Whitfield from Texas Capital, John White from ROTH Capital, Noel Parks from Tuohy Brothers, and Jeff Robertson from Water Tower Research participated as conference call participants.
Company Highlights
During the call, the company reported strong financial results for the quarter. Revenue came in at $125.4 million, a 17% increase year over year. Net income was reported at $38.5 million, a significant jump from the $12.5 million reported in the same quarter the previous year. The company attributed the growth to increased oil and gas production and higher commodity prices.
Financial Details
The company’s operational costs also increased, but at a slower rate than revenue. Operating expenses were reported at $98.5 million, up from $85.3 million in the same quarter the previous year. Capital expenditures for the quarter were $20 million. The company’s cash balance stood at $150 million at the end of the quarter.
Operational Updates
CEO Bobby Riley provided an update on the company’s operational activities. He mentioned that the company had successfully drilled and completed 15 new wells in the Permian Basin during the quarter, bringing the total number of wells to 50. The company plans to drill and complete an additional 20 wells in the current quarter. Riley also announced that the company had entered into a new joint venture agreement with a major oil and gas company to develop a 10,000-acre lease in the Permian Basin.
Analyst Questions and Answers
During the Q&A session, analysts asked several questions about the company’s financial performance, operational plans, and industry outlook. The management team provided detailed answers, addressing each question in turn.
Impact on Individual Investors
The strong financial performance and operational updates provided by Riley Exploration Permian, Inc. during the Q4 2024 earnings conference call are positive signs for individual investors. The company’s revenue and net income growth, along with its operational expansion plans, indicate a solid business model and a promising future. However, it is important to note that investing always carries risk, and individual investors should conduct their own research and consult with financial advisors before making investment decisions.
Impact on the World
The strong financial performance of Riley Exploration Permian, Inc. is also a positive sign for the global energy industry. The Permian Basin is one of the world’s most productive oil and gas regions, and the company’s success in drilling and completing new wells and entering into new joint ventures contributes to the ongoing energy supply. However, it is important to note that the energy industry, like all industries, has environmental and social impacts that must be carefully managed.
Conclusion
Riley Exploration Permian, Inc.’s Q4 2024 earnings conference call provided investors with encouraging financial results and operational updates. The company’s revenue and net income growth, along with its operational expansion plans, indicate a strong business model and a promising future. However, individual investors should always conduct their own research and consult with financial advisors before making investment decisions. The company’s success in the Permian Basin also has positive implications for the global energy industry, but it is important to consider the environmental and social impacts of energy production.
- Riley Exploration Permian, Inc. reported strong financial results for Q4 2024, with revenue of $125.4 million and net income of $38.5 million.
- The company attributed the growth to increased oil and gas production and higher commodity prices.
- CEO Bobby Riley provided an update on the company’s operational activities, including the completion of 15 new wells and a new joint venture agreement.
- Individual investors should conduct their own research and consult with financial advisors before making investment decisions.
- The company’s success in the Permian Basin has positive implications for the global energy industry.
