Highlights of 3Q22 Results Production CFFO(1) Capex (Accrual) 9.4 Mbo/d 50MM for 3Q22 37MM RILEYfor 3Q22 PERMIAN 12.7 Mboe/d 124MM for 9 Mos. 96MMNYSE: forREPX 9 Mos. Share Price1 [25.95] 13% oil increase Q/Q 16% increase Q/Q 7%…
Drivers of Growth in Cash Flow from Operations(1) Q/Q: 3 Months Ending 9/30/22 vs 6/30/22 Y/Y: 9 Months Ending 9/30/22 vs 9/30/21 16% higher Q/Q despite 15% lower realized oil prices 94% higher Y/Y driven RILEY by volumes and price…
Reinvesting for Significant Growth While Also Increasing FCF(1) Improving Capital Efficiency: Increased Allocation of Capital Materially Increased FCF(1) More Growth with Less Spending to Dividends + Balance Sheet MM 30% Capex…
3Q22 Operations Updates Turned to sales 7 gross / 4.2 net horizontal wells during 3Q22, or 14 gross / 10.8 net during the Core nine months ended 9/30/22 Upstream Average completed lateral length on operated horizontal wells turned to…
Capitalization Summary Market Capitalization Equity Ownership Credit Facility 5% Holders and Insiders Shares 250 NYSE: REPX as of 11/8/221 (MM) Ownership % RILEY PERMIAN 225MM Borrowing Base Share Price (11/8/22) 32.19 Yorktown…
Quarterly Hedging Profile Riley Permian will utilize commodity price hedges to manage fixed cost exposure and to comply with bank covenant requirements(1), while maintaining unhedged production for potential upside exposure and…
Oil, Natural Gas and NGL Reserves as of 9/30/22 The Company prepared estimates of reserves using an average price equal to the unweighted arithmetic average of the first day of each month within the 12-month period ended September 30,…
Oil, Natural Gas and NGL Reserves as of 12/31/21 Estimates of reserves were prepared using an average price equal to the unweighted arithmetic average of the first day of each month within the 12-month period ended December 31, 2021 of…
Non-GAAP Reconciliations The Company presents certain non-GAAP financial measures to supplement its financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP). The non-GAAP…
Non-GAAP Reconciliations (Contd.) Adjusted Net Income We define Adjusted Net Income as net income (loss) plus (gain) loss on discontinued operations, non-cash (gain) loss on derivatives, transaction costs and other, income tax expense…
Non-GAAP Reconciliations (Contd.) Adjusted EBITDAX We define Adjusted EBITDAX as net income (loss) adjusted for (gain) loss on discontinued operations, exploration costs, depletion, depreciation, amortization and accretion, equity-based…
Non-GAAP Reconciliations (Contd.) Cash G&A, Cash Costs and Cash Margin per Boe Three Months Ended Nine months ended Cash G&A is defined as general and administrative expense, excluding September 30, September 30, September 30, September…
Non-GAAP Reconciliations (Contd.) Free Cash Flow Free Cash Flow is a measure that we use as an indicator of our ability to fund our development activities and generate excess cash for other corporate purposes. We define Free Cash Flow as…
Non-GAAP Reconciliations (Contd.) PV-10: PV-10 is derived from the standardized measure of discounted future net cash flows (Standardized Measure), which is the most directly comparable financial measure under GAAP. PV-10 is a computation…
Additional Information Company www.rileypermian.com 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 Investor Relations Direct: 405-415-8699 irrileypermian.com 20
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