REPX - Riley Permian Declares Quarterly Cash Dividend and Reports Debt Reduction

PR Newswire

OKLAHOMA CITY , Jan. 16, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.36 per share. The dividend is payable on February 8, 2024 to stockholders of record as of the close of business on January 25, 2024 . The February 2024 dividend will represent the 20 ^th consecutive distribution made by the Company or its predecessor.

Additionally, the Company reported that it reduced the principal value of debt outstanding by $30 million during the fourth quarter of 2023 using available cash on hand. As of December 31, 2023 , the Company had a principal balance of $185 million on its senior unsecured notes and outstanding borrowings of $185 million under its credit facility with $190 million of undrawn capacity.

About Riley Exploration Permian, Inc.
Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com .

Investor Contact:

Rick D'Angelo
405-438-0126
IR@rileypermian.com

SOURCE Riley Exploration Permian, Inc.