Riley Exploration Permian Inc. (REPX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
29 E. RENO AVENUE OKLAHOMA CITY, OK 73104 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 9/30/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 15,319 | 13,301 | 17,067 | 1,561 | 3,055 | 3,115 | |||
| Cash and cash equivalents | 15,319 | 13,301 | 17,067 | 1,561 | 3,055 | 3,115 | |||
| Receivables | 31,135 | 24,136 | 17,008 | 294 | 557 | 533 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,177 | 8,886 | 361 | 415 | 464 | ||||
| Inventory | 6,177 | 8,886 | 361 | 415 | 464 | ||||
| Prepaid expense | 1,625 | 108 | 247 | 235 | |||||
| Derivative instruments and hedges, assets | 5,013 | 20 | |||||||
| Other current assets | 4 | 4 | |||||||
| Other undisclosed current assets | 3,991 | 4,651 | 2,651 | ||||||
| Total current assets: | 63,260 | 50,994 | 36,726 | 2,328 | 4,278 | 4,347 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 20,653 | 20,023 | 3,183 | ||||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 846,901 | 440,102 | 345,797 | ||||||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 2,897 | 4,385 | 4,804 | ||||||
| Long-term investments and receivables | 65 | 130 | |||||||
| Long-term investments | |||||||||
| Accounts and financing receivable, after allowance for credit loss | 65 | 130 | |||||||
| Derivative instruments and hedges | 2,296 | 106 | |||||||
| Other noncurrent assets | 12,601 | 4,175 | 2,419 | 4 | |||||
| Other undisclosed noncurrent assets | 146 | 194 | 199 | ||||||
| Total noncurrent assets: | 882,451 | 464,300 | 351,505 | 3,043 | 4,644 | 5,137 | |||
| TOTAL ASSETS: | 945,711 | 515,294 | 388,231 | 5,371 | 8,922 | 9,484 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 37,014 | 39,521 | 31,808 | 420 | 433 | 414 | |||
| Taxes payable | ✕ | ✕ | ✕ | 219 | |||||
| Accounts payable | 3,855 | 3,939 | 12,234 | 218 | 269 | 132 | |||
| Accrued liabilities | 33,159 | 35,582 | 19,355 | 202 | 164 | 282 | |||
| Deferred revenue | 30,695 | 17,750 | 9,008 | ✕ | |||||
| Debt | 61 | 102 | 51 | ||||||
| Derivative instruments and hedges, liabilities | 360 | 16,472 | 42,144 | ||||||
| Asset retirement obligation | 78 | 75 | 83 | ||||||
| Other liabilities | 6,276 | 2,238 | 441 | ||||||
| Due to related parties | ✕ | ✕ | 324 | 214 | |||||
| Other undisclosed current liabilities | 20,000 | 42 | |||||||
| Total current liabilities: | 94,345 | 76,305 | 83,615 | 601 | 610 | 548 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 56,000 | 60,000 | 16 | 41 | 73 | ||||
| Long-term debt, excluding current maturities | 56,000 | 60,000 | 73 | ||||||
| Finance lease, liability | 16 | 41 | ✕ | ||||||
| Liabilities, other than long-term debt | 93,812 | 49,543 | 22,926 | 2,039 | 1,923 | 2,096 | |||
| Asset retirement obligations | 19,255 | 2,724 | 2,306 | 2,039 | 1,923 | 2,096 | |||
| Deferred income tax liabilities | 73,345 | 45,756 | 11,628 | ✕ | |||||
| Other liabilities | 1,212 | 1,051 | 60 | ||||||
| Derivative instruments and hedges, liabilities | 12 | 8,932 | |||||||
| Other undisclosed noncurrent liabilities | 335,959 | ||||||||
| Total noncurrent liabilities: | 429,771 | 105,543 | 82,926 | 2,055 | 1,964 | 2,169 | |||
| Total liabilities: | 524,116 | 181,848 | 166,541 | 2,656 | 2,574 | 2,717 | |||
| Equity | |||||||||
| Equity, attributable to parent | 421,595 | 333,446 | 221,690 | 2,715 | 6,348 | 6,767 | |||
| Common stock | 20 | 20 | 20 | 1 | 11 | 11 | |||
| Additional paid in capital | 279,112 | 274,643 | 270,837 | 58,318 | 58,293 | 58,276 | |||
| Retained earnings (accumulated deficit) | 142,463 | 58,783 | (49,167) | (55,604) | (51,956) | (51,520) | |||
| Total equity: | 421,595 | 333,446 | 221,690 | 2,715 | 6,348 | 6,767 | |||
| TOTAL LIABILITIES AND EQUITY: | 945,711 | 515,294 | 388,231 | 5,371 | 8,922 | 9,484 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 9/30/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 375,047 | 321,743 | 151,036 | 3,038 | 4,911 | 5,871 | ||
| Gain on disposition of assets for financial service operations | 17,221 | 75,257 | 16,304 | |||||
| Cost of revenue | (1,493) | (984) | (1,894) | |||||
| Cost of goods and services sold | (450) | (477) | ||||||
| Gross profit: | 373,554 | 320,759 | 149,142 | 3,038 | 4,911 | 5,871 | ||
| Operating expenses | (201,661) | (117,240) | (89,266) | (6,855) | (5,416) | (5,631) | ||
| Operating income (loss): | 171,893 | 203,519 | 59,876 | (3,817) | (505) | 240 | ||
| Nonoperating income (expense) | (25,841) | (52,664) | (93,729) | 169 | 41 | 185 | ||
| Investment income, nonoperating | 6,193 | (51,574) | (89,195) | |||||
| Other nonoperating income | 166 | 6 | 157 | |||||
| Interest and debt expense | (31,816) | (1,100) | (4,534) | (8) | (10) | (5) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 8 | 10 | 5 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 114,236 | 149,755 | (38,387) | (3,648) | (464) | 425 | ||
| Other undisclosed income from continuing operations before income taxes | 31,816 | 1,100 | 4,534 | |||||
| Income (loss) from continuing operations before income taxes: | 146,052 | 150,855 | (33,853) | (3,648) | (464) | 425 | ||
| Income tax expense (benefit) | (34,461) | (32,844) | (13,016) | 28 | 17 | |||
| Income (loss) from continuing operations: | 111,591 | 118,011 | (46,869) | (3,648) | (436) | 442 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (65,666) | (3,648) | (436) | 1,569 | |
| Income (loss) from discontinued operations | (18,797) | 1,127 | ||||||
| Net income (loss) attributable to parent: | 111,591 | 118,011 | (65,666) | (3,648) | (436) | 1,569 | ||
| Preferred stock dividends and other adjustments | (1,491) | |||||||
| Net income (loss) available to common stockholders, diluted: | 111,591 | 118,011 | (67,157) | (3,648) | (436) | 1,569 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 9/30/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 111,591 | 118,011 | (65,666) | (3,648) | (436) | 1,569 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 111,591 | 118,011 | (65,666) | (3,648) | (436) | 1,569 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.