Corporate Overview and Strategy Riley Permian is a growth-oriented energy company with operations 3Q24 Production 23.4 Mboe/d in Texas and New Mexico Our oil-focused and capital efficient asset base enables optionality on our Equity…
Oil-Focused, Permian Asset Base 1. Business focus: applying modern horizontal drilling and completions techniques to oil-saturated and liquids-rich formations 3Q24 Commodity Splits Oil Natural Gas NGL 2. Regional focus: Northwest…
Rileys Assets Compete with Core Permian on Productivity Rileys wells to date have experienced lower relative Rileys wells to date have outperformed Midland and declines versus Delaware and Midland basin wells Delaware basin wells on a…
Rileys Assets Compete with Core Permian on Economics Rileys wells costs on an absolute and relative basis are The combination of higher productivity and lower well lower than average Delaware and Midland basin wells costs can lead to…
Balanced Capital Allocation Reinvestment in Upstream Excess FCF Allows for Optionality Development for Volume Growth 43% reinvestment rate for LTM 57% FCF conversion rate for LTM Invested over the past year in our power Achieving…
Track Record of Direct Return of Capital History of paying fixed 9% CAGR since May 2021 1 dividends every quarter as a public company 0.38 0.36 0.36 0.36 0.36 0.34 0.34 0.34 0.34 Quarterly Dividends Paid, /Sh. 0.31 0.31 0.31…
Track Record of Growth CFFO(1) FCF(2) Shareholders Equity MM MM MM 133 507 231 206 422 169 333 70 238 56 89 8 (3) (3) 2021 2022 2023 LTM 2021 2022 2023 LTM 2021 2022 2023 3Q24 3Q24 3Q24 (1) Cash Flows from…
Power Generation Initiatives Investing in electric power initiatives that we believe can optimize our business, provide a hedge for gas prices and offer attractive rates of return on investment Natural Gas Power Generator Power…
Power Generation Initiatives (Contd.) Self-Consume for REPX Operations Sell to the Grid Utilize in-basin, lower-cost natural gas for thermal Capitalize on market dynamics including abundant, associated power generation natural gas…
3Q24 Results Summary [ insert footnotes here ] 12
Highlights from 3Q24 Earnings Release 1 Production 2 Cash Flow 3 Reinvestment 4 FCF Conversion Increased oil production by 5% Generated 61MM of CFFO Reinvested 50% of CFFO into Converted 62% of CFFO to FCF Q/Q to 15.5MBbls/d with total…
Drivers of Quarter-over-Quarter Growth Cash Flow From Operations (CFFO)(1) Free Cash Flow (FCF)(2) Q/Q: 3 Months Ending 9/30/24 vs 6/30/24 Q/Q: 3 Months Ending 9/30/24 vs 6/30/24 Flat Q/Q despite increased development 5% increase Q/Q…
Drivers of Year-over-Year Growth Cash Flow From Operations (CFFO)(1) Free Cash Flow (FCF)(2) Y/Y: 9 Months Ending 9/30/24 vs 9/30/23 Y/Y: 9 Months Ending 9/30/24 vs 9/30/23 16% increase driven primarily by production 169% growth Y/Y…
Appendix [ insert footnotes here ] 16
4Q24 Guidance Forecasting 15% Y/Y oil volume growth while reducing Y/Y capex by 16%, based on midpoint 4Q24 Guidance Activity, Production, and Investing Guidance Quarterly Detail for Estimated Realizations and Cost Guidance 4 Q2 4 4…
2024 Forecasted Sources and Uses of Capital Sources of Capital Uses of Capital MM MM 200 200 150 150 100 100 50 50 0 0 (1) (2) (1) (2) (2) (2) Incr. FCF at 80 WTI Incr. FCF at 70 WTI Incr. debt paydown at 80 WTI…
Hedging Program Summary Hedging Strategy: protect downside, meet debt convent obligations, reduce volatility and maintain upside exposure Metric Oil (WTI) Natural Gas (HH) Hedge % - Forward 12 Months(1) 45% 44% % Mix of Swaps vs Collars…
Equity Ownership and Research Analyst Coverage Equity Ownership Research Analyst Coverage 22% Firm Analyst E-mail 21% 10% 1 Roth John White jwhiteroth.com 44% 3% 2 Truist Neal Dingmann neal.dingmanntruist.com (1) 5% Holders &…
Debt Summary Company plans to pursue a normal-course extension for its credit facility by early 2025 SOFR swaps in place for 80MM per quarter of notional value for 3Q24 - 1Q26, corresponding to 62% of principal value of floating-rate…
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