Riley Exploration Permian, Inc. (REPX) Q2 2023 Earnings Call Transcript

Riley Exploration Permian, Inc. (NYSE:REPX) Q2 2023 Results Conference Call August 8, 2023 11:00 AM ET

Company Participants

Philip Riley – CFO and EVP of Strategy

Bobby Riley – Chairman and CEO

Kevin Riley – President

Conference Call Participants

Neal Dingmann – Truist Securities

Noel Parks – Tuohy Brothers

Jeff Robertson – Water Tower Research

Philip Riley

Thank you, and good morning. Welcome to our conference call covering the second quarter 2023 results. Yesterday, the company published a number of items, which can be found on our website under the Investors section. A Form 10-Q, a summary earnings release, supplemental info on non-GAAP measures and 2 presentations, one of which provides an update for second quarter results, with the other providing a company overview.

Participating on the call today are Bobby Riley, Chairman and CEO; Kevin Riley, President; and me, Philip Riley, CFO and EVP of Strategy. Today’s conference call contains certain projections and other forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in these statements. We’ll also reference certain non-GAAP measures. These reconciliations to the appropriate GAAP measures can be found in our supplemental disclosure on our website.

I’ll now turn the call over to Bobby.

Bobby Riley

Thank you, Philip. Good morning, and a warm welcome to all participants on our Q2 2023 earnings call. We are pleased with the results of the second quarter, which reflects record-high metrics across production and cash flow from operations.

As we reflect on the past quarter, I want to spotlight the following accomplishments: number one, we closed on the acquisition of oil and natural gas assets in New Mexico and successfully transitioned operations to the company; number two, we averaged oil production of

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