← Riley Exploration Permian, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($4.2m) |
($574k)
+86.33%
|
$1.6m
+373.34%
|
($436k)
-127.79%
|
($3.6m)
-736.70%
|
($65.7m)
-1700.05%
|
$118.0m
+279.71%
|
$111.6m
-5.44%
|
$88.9m
-20.34%
|
$160.8m
+80.93%
|
— | |
| Depreciation, Depletion and Amortization | $1.1m | $924k | $795k | $716k | $644k | $26.0m | $32.1m | $65.1m | $74.9m | $93.2m | $104.9m | |
| Amortization of Debt Issuance Costs | $11k | $20k | $4k | $5k | $2k | — | — | $2.3m | $2.7m | $2.3m | — | |
| Depreciation | $69k | $66k | $73k | $79k | $75k | $420k | — | — | — | — | $104.9m | |
| Results of Operations, Depreciation, Depletion, Amortization and Accretion | — | — | — | $0 | $0 | — | — | — | — | — | — | |
| Depletion, depreciation, amortization and accretion | $1.1m | $924k | $795k | $716k | $644k | $26.0m | $32.1m | $65.1m | $74.9m | $93.2m | — | |
| Amortization of deferred financing costs and discount | — | — | — | — | — | — | $731k | $4.2m | $5.3m | $4.8m | — | |
| Deferred Income Tax Expense (Benefit) | — | ($242k) | — | — | $665k | $13.0m | $28.4m | $27.6m | $3.2m | $11.4m | $13.2m | |
| Share-based Payment Arrangement, Noncash Expense | $17k | $14k | $23k | $17k | $14k | $6.1m | $3.9m | $7.0m | $8.1m | $9.1m | $11.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | $514k | $1.0m | $2.5m | $2.4m | $3.2m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $6.1m | $3.4m | $6.8m | $8.1m | $9.1m | $11.3m | |
| Stock-based compensation expense | $17k | $14k | $23k | $17k | $14k | $6.1m | $3.9m | $7.0m | $8.1m | $9.1m | $11.3m | |
| Impairment of oil and natural gas properties | $2.8m | — | — | — | — | $0 | $7.3m | $9.8m | $11.3m | $1.2m | — | |
| Other impairments | — | — | — | — | — | — | — | $0 | $28.9m | $1.6m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | ($218k) | ($721k) | ($886k) | — | |
| Nonoperating Income (Expense) | ($101k) | ($51k) | $185k | $41k | $169k | ($93.7m) | ($52.7m) | ($25.8m) | ($36.7m) | $75.7m | — | |
| Other Nonoperating Income (Expense) | — | — | $157k | $6k | $166k | — | — | — | — | — | — | |
| Loss from equity method investment | — | — | — | — | — | — | — | $218k | $721k | $886k | — | |
| Contributions to equity method investment | — | — | — | — | — | — | $0 | ($3.6m) | ($17.9m) | ($15.8m) | — | |
| Assets contributed to equity method investment | — | — | — | — | — | — | $0 | $2.3m | $0 | $0 | — | |
| Distributions declared from equity method investment | — | — | — | — | — | — | — | $0 | $0 | $1.5m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $46k | $118k | ($96k) | ($41k) | ($328k) | $7.3m | $7.5m | $9.6m | $9.3m | ($12.4m) | ($26.4m) | |
| Accounts receivable, net | ($46k) | ($118k) | $96k | $41k | $328k | ($7.3m) | ($7.5m) | ($9.6m) | ($9.3m) | $12.4m | ($26.4m) | |
| Increase (Decrease) in Inventories | $238k | ($203k) | $28k | $68k | ($193k) | — | — | $546k | ($1.5m) | ($274k) | $105k | |
| Inventory | ($238k) | $203k | ($28k) | ($68k) | $193k | — | ($6.2m) | ($546k) | $1.5m | $274k | $105k | |
| Transfer of inventory to oil and natural gas properties | — | — | — | — | — | — | — | $0 | $29k | $2.4m | — | |
| Increase (Decrease) in Accounts Payable | ($482k) | ($95k) | ($58k) | $63k | $32k | — | — | — | — | — | $19.8m | |
| Accounts payable and accrued liabilities | — | — | — | — | $16k | $7.4m | $2.9m | $3.2m | $9.9m | ($3.7m) | $19.8m | |
| Changes in capital expenditures in accounts payable and accrued liabilities | — | — | — | — | ($2.3m) | $11.2m | $15.2m | ($5.8m) | $1.1m | ($2.9m) | — | |
| Other | — | — | — | — | — | — | $0 | $193k | $0 | $2k | — | |
| Other current liabilities | — | — | — | — | — | ($195k) | $666k | ($1.5m) | $13.8m | $4.7m | $115k | |
| Net Cash Provided by (Used in) Operating Activities | ($1.0m) |
$154k
+115.22%
|
$1.3m
+768.18%
|
$226k
-83.10%
|
($1.5m)
-785.40%
|
$86.1m
+5656.68%
|
$170.3m
+97.84%
|
$207.2m
+21.67%
|
$246.3m
+18.86%
|
$212.5m
-13.70%
|
$239.2m
+12.54%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $47k | ($17k) | ($27k) | ($2k) | ($6k) | ($1.7m) | ($1.3m) | ($1.1m) | ($875k) | ($1.6m) | ($186.2m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $1k | $2k | $8k | $150k | — | — | — | $0 | $0 | $120.2m | ($35.4m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $4k | $2k | $33k | $45k | $11k | — | — | $0 | $0 | $71.7m | ($35.4m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | $324.7m | $0 | $117.7m | ($133.7m) | |
| Acquisitions of oil and natural gas properties | — | — | — | — | ($4.1m) | ($445k) | $0 | ($5.4m) | ($19.6m) | ($2.2m) | — | |
| Acquisitions of land | — | — | — | — | — | $0 | ($15.3m) | $0 | $0 | ($1.3m) | — | |
| Asset retirement obligations assumed in acquisitions | — | — | — | — | — | — | $0 | $19.4m | $9.7m | $19.3m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($401k) | ($179k) | $1.6m | ($233k) | ($71k) | — | ($128.3m) | ($469.6m) | ($147.8m) | ($145.8m) | ($177.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | $18 | $25 | $28 | $31 | $33 | ($34.2m) | |
| Proceeds from Issuance of Common Stock | — | $2.7m | — | — | — | $50.0m | $0 | — | — | — | $0 | |
| Dividends Payable | — | — | — | — | — | $0 | — | — | — | — | — | |
| Payment of cash dividends | — | — | — | — | ($15) | ($18) | ($25) | ($28) | ($31) | ($33) | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | $2k | $25.4m | $0 | — | |
| Net Cash Provided by (Used in) Financing Activities | $1.4m |
$134k
-90.75%
|
($42k)
-131.34%
|
($53k)
-26.19%
|
$126k
+337.74%
|
($14.9m)
-11954.76%
|
($37.0m)
-148.03%
|
$264.4m
+813.61%
|
($100.6m)
-138.06%
|
($62.0m)
+38.38%
|
($55.6m)
+10.37%
|
|
| Net Increase (Decrease) in Cash and Cash Equivalents | — | — | — | — | ($2.1m) | $15.4m | $5.0m | $2.0m | ($2.2m) | $4.8m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | $15.4m | $5.0m | $2.0m | ($2.2m) | $4.8m | $20.7m | |
| Cash, Beginning of Year | — | $185k | $3.1m | $3.1m | $1.6m | $17.1m | $13.3m | $15.3m | $13.1m | $17.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $3.1m | $3.1m | $1.6m | $17.1m | $13.3m | $15.3m | $13.1m | $17.9m | $20.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | — | $33k | $45k | $11k | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $33k | — | $5k | $6k | $3.2m | $1.7m | $27.1m | $31.6m | $28.2m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | $191k | $3.6m | $9.9m | $18.1m | $20.6m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $143k | $141k | $141k | $132k | $125k | $87k | $79k | $1.6m | $2.9m | $3.7m | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | ($89.2m) | ($51.6m) | $6.2m | ($1.7m) | $36.3m | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | — | $16.3m | $75.3m | $17.2m | ($1.8m) | ($16.6m) | — | |
| General and Administrative Expense | $1.4m | $1.2m | $1.2m | $1.3m | $2.2m | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | $442k | ($436k) | — | ($46.9m) | $118.0m | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($4.2m) | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $1.1m | — | — | ($18.8m) | $0 | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($18.8m) | $0 | — | — | — | — | |
| Income Tax Expense (Benefit) | — | ($242k) | ($17k) | ($28k) | — | $13.0m | $32.8m | $34.5m | $28.1m | $48.1m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $34.3m | $31.4m | — | |
| Operating Expenses | — | $6.0m | $5.6m | $5.4m | $6.9m | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | — | $22.0m | $32.5m | $58.8m | $71.5m | $87.5m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | $23.7m | $23.4m | ($3.5m) | $19.6m | — | |
| Exploratory well costs and lease expirations | — | — | — | — | $7.9m | $9.3m | $2.0m | $4.1m | $2.6m | $300k | — | |
| (Gain) loss on derivatives, net | — | — | — | — | ($33.9m) | $89.2m | $51.6m | ($6.2m) | $1.7m | ($36.3m) | — | |
| Settlements on derivative contracts | — | — | — | — | $26.9m | ($16.3m) | ($75.3m) | ($17.2m) | $1.8m | $16.6m | — | |
| Gain on midstream sale | — | ($2k) | ($33k) | ($45k) | ($11k) | — | — | $0 | $0 | ($71.7m) | — | |
| Prepaid expenses | — | — | — | — | $839k | $201k | ($997k) | ($717k) | ($53k) | ($290k) | — | |
| Other non-current assets, net | — | — | — | — | $84k | $0 | ($12k) | ($1.2m) | ($994k) | ($3.4m) | — | |
| Revenue payable | — | — | — | — | ($84k) | $4.6m | $6.4m | $11.5m | $4.0m | $10.7m | — | |
| Additions to oil and natural gas properties | ($397k) | ($169k) | ($1.0m) | ($437k) | ($103k) | ($58.3m) | ($111.7m) | ($134.8m) | ($98.5m) | ($89.6m) | — | |
| Net assets acquired in business combination | — | — | — | — | — | — | $0 | ($324.7m) | $0 | ($117.7m) | — | |
| Funds held in escrow | — | — | — | — | — | — | — | $0 | $0 | ($1.2m) | — | |
| Deferred financing costs | — | — | — | — | ($1.5m) | ($139k) | ($1.9m) | ($7.4m) | ($2.8m) | ($432k) | — | |
| Proceeds from Credit Facility | $3.9m | $400k | $100k | — | $166k | $5.5m | $22.0m | $185.0m | $15.0m | $155.0m | — | |
| Repayments under Credit Facility | — | — | — | — | ($12.5m) | ($46.5m) | ($31.0m) | ($56.0m) | ($85.0m) | ($160.0m) | — | |
| Proceeds from Senior Notes, net of issuance costs | — | — | — | — | — | — | $0 | $188.0m | $0 | $0 | — | |
| Repayments of Senior Notes | — | — | — | — | — | — | $0 | ($15.0m) | ($20.0m) | ($20.0m) | — | |
| Proceeds from issuance of common shares, net | — | — | — | — | — | — | $0 | $2k | $25.4m | $0 | — | |
| Repurchase of common shares for tax withholding and other | — | — | — | — | $0 | ($514k) | ($1.0m) | ($2.5m) | ($2.4m) | ($3.2m) | — | |
| Interest, net of capitalized interest | $91k | $33k | — | $5k | $6k | $3.2m | $1.7m | $27.1m | $31.6m | $28.2m | — | |
| Right-of-use assets obtained in exchange for operating lease liability | — | — | — | — | — | — | — | $1.3m | $632k | $3.1m | — | |
| Net asset transfer for common shares | — | — | — | — | — | — | — | $0 | $0 | $9.5m | — | |
| Revisions in asset retirement obligations | $2k | ($53k) | ($25k) | ($76k) | ($25k) | $113k | — | $0 | $1.9m | $7.7m | — | |
| Fair value of contingent consideration transferred in business combination | — | — | — | — | — | — | — | $0 | $0 | $3.1m | — |