Riley Exploration Permia (NYSE: REPX) reported Q1 revenue of $57.25 million versus the consensus estimate of $41.8 million.

• Increased total production by 31% to 9.9 MBoe per day (73% oil) for the fiscal first quarter 2022, as compared to fiscal first quarter 2021
• Reported net income of $21.4 million with income from operations of $33.4 million
• Generated $27.1 million of Adjusted EBITDAX(1), $21.7 million of operating cash flows and $13.9 million of Adjusted Net Income(1)
• Incurred total capital expenditures of $20.7 million
• Realized a Cash Margin(1) of $46.09 per Boe before derivative settlements or $28.58 per Boe after derivative settlements
• Declared dividends of $0.31 per share for a total of $6.1 million

For earnings history and earnings-related data on Riley Exploration Permia (REPX) click here.