REPX - Riley Exploration Permian reports Q2 results

Riley Exploration Permian press release (NYSE:REPX): Q2 net loss $7.17M vs. loss of $51.88M last year. Revenue of $67.25M (+80.5% Y/Y) beats by $18.19M. Adj. net income $19.44M vs. $5.24M last year. Averaged total equivalent production of 9.8 MBoe per day for the three months ended March 31, 2022, an increase of 18% as compared to the same period in 2021. Forecasts fiscal third quarter 2022 oil production to average 7.6 MBbls per day to 8.1 MBbls per day. Forecasts that full-year fiscal 2022 oil production could average 7.5 MBbls per day to 7.8 MBbls per day.

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Riley Exploration Permian reports Q2 results