REPX - Riley Exploration Permian: Projected Leverage Remains Reasonable Despite Recent Acquisition
2025-05-13 03:27:06 ET
Summary
- Riley announced a $142 million acquisition while reducing its 2025 capex budget by nearly $100 million.
- These moves result in its projected leverage being 1.2x at the end of 2025.
- REPX is gaining a large amount of potential development opportunities in the deal, in an area that should make good use of its midstream buildout.
Riley Exploration Permian ( REPX ) announced a $142 million acquisition while also reducing its 2025 capex budget by nearly $100 million. It should be able to end 2025 with 1.2x leverage while significantly increasing its future development opportunities....
Riley Exploration Permian: Projected Leverage Remains Reasonable Despite Recent Acquisition