Riley Exploration Permian, Inc. Reports Fiscal Second Quarter 2021 Financial and Operating Results

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Go back to Riley Exploration Permian, Inc. Reports Fiscal Second Quarter 2021 Financial and Operating Results

Riley Exploration Permia (REPX) Reports Q2 Loss of $2.12

May 11, 2021 4:46 PM EDT

Riley Exploration Permia (NYSE: REPX) reported Q2 EPS of ($2.12), versus $4.55 reported last year. Revenue for the quarter came in at $37.26 million, versus $25.41 million reported last year.

HIGHLIGHTS

Closed reverse merger transaction with Tengasco on February 26, 2021Increased total equivalent sales volumes to 8.3 MBoe per day for the second quarter 2021, an increase of 11% over the same period in 2020, despite significant reductions in capital expenditures and production outages due to two severe stormsGenerated Cash Flow from Operations of $38.1 million for the six months ended March 31, 2021Reported a Net Loss of $48.5 million... More