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....

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