REPX Earnings Prediction
The chart below shows how REPX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, REPX sees a +1.35% change in stock price 10 days leading up to the earnings, and a +2.98% change 10 days following the report. On the earnings day itself, the stock moves by -0.30%. This data can give you a slight idea of what to expect for the next quarter's release.
REPX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
102.34M
-5.50%
-2.91%
Gross Margin
55.57%
-8.81%
-9.85%
Operating Margin
47.78%
-12.28%
-8.40%
Net Margin
25.08%
214.29%
-21.21%
EPS
1.21
181.40%
-23.90%
No Data Available
REPX Earnings Analysis
Riley Exploration Permian, Inc. Corporation (REPX.A) Earnings Conference Call
Positive
Dividend Increase Announcement: 1. Consistent Dividend Growth: Riley Exploration declared its 15th consecutive dividend, increasing it by 6% to $0.38 per share, reflecting an 11% annual growth rate since 2021, returning $98 million to shareholders.
Free Cash Flow Performance: 2. Significant Free Cash Flow Generation: The company generated $38 million in free cash flow this quarter, maintaining record levels despite lower prices, and achieved $99 million in free cash flow year-to-date, which is 2.7 times the same metric from the first nine months of 2023.
Production Increase Analysis: 3. Production Growth: Net production increased by 6% quarter-over-quarter, from 1.34 million to 1.42 million barrels of oil, while equivalent production rose by 11%, reaching 2.16 million barrels of oil equivalent.
Cost Management Success: 4. Cost Efficiency Improvements: Lease operating expenses were $8.60 per BOE, down 7% year-over-year, demonstrating effective cost management alongside increased production.
Debt Reduction Success: 5. Debt Reduction: The company successfully reduced its debt by $35 million this quarter, bringing total debt down to $300 million, and has decreased total debt by $100 million over the past year, improving financial stability.
Negative
Net Income Decline: 1. Decline in Net Income: Net income decreased by 24% or $8 million quarter-over-quarter, primarily due to an impairment related to the EOR project discontinuation.
Declining Realized Prices: 2. Lower Average Realized Prices: Average realized prices fell by 12% compared to the previous quarter, negatively impacting overall revenue despite increased production volumes.
Impairment Impact Analysis: 3. Impairment Costs: The impairment related to the EOR project discontinuation impacted operating income, although it was mostly non-cash, indicating potential future financial strain.
Rising Debt Concerns: 4. Increased Debt Levels: Despite paying down $35 million in debt this quarter, total debt remains at $300 million, with a debt-to-total enterprise value ratio of 34%.
Cash Flow Efficiency Decline: 5. Reduced Free Cash Flow Conversion: Although free cash flow was $38 million, it represented a conversion of only 62% of operating cash flow before working capital changes, indicating less efficiency in cash generation compared to previous periods.
REPX FAQs
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REPX Earning Call Sentiment
Riley Exploration Permian, Inc. (REPX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
REPX.A
-1.11%Positive
The earnings call presents mixed signals. Positive aspects include strong free cash flow growth, debt reduction, and increased dividends. However, concerns arise from regulatory risks, supply chain challenges, and a 24% drop in net income. The Q&A section reveals management's reluctance to provide guidance for 2025, adding uncertainty. Despite positive shareholder returns, the lack of guidance and economic pressures suggest a neutral stock price movement in the next two weeks.
