Corporate Overview and Strategy Riley Permian is a growth-oriented energy company with operations 4Q24 Production 25.0 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. Upstream focus: applying modern horizontal drilling and completions techniques to oil-saturated and liquids-rich formations 4Q24 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 well 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…
Track Record of Growth Adjusted EBITDAX(1) Total FCF(1) Shareholders Equity MM MM MM 511 284 117 246 422 333 176 70 56 238 97 8 2021 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024 (1) A non-GAAP…
Track Record of Direct Return of Capital History of paying fixed 8% CAGR since May 2021 1 dividends every quarter as a public company 0.38 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…
Balanced Capital Allocation in 2024 Reinvestment in Upstream Excess Upstream FCF Allows for Development for Volume Growth Optionality 56% Upstream FCF 44% reinvestment rate for 2024 conversion rate for 2024 Achieving Y/Y production…
New Mexico Gas Midstream Project Optimize flow assurance for gas, enabling more robust development of Rileys New Mexico assets New Mexico Control operations of critical intermediary transport for Yoakum REPX Lea long-term value…
Power Generation Projects Riley Permian formed a joint venture in 2023 - RPC Power LLC, with partner Conduit Power LLC to focus on power generation in response to market dynamics affecting Permian Basin natural gas and power markets…
4Q24 and Full-Year 2024 Results Summary [ insert footnotes here ] 12
Highlights from 4Q24 Earnings Release Upstream 1 Production 2 Cash Flow 3 4 FCF Conversion Reinvestment Increased oil production by 3% Generated 51MM of CFFO Reinvested 38% of CFFO into Converted 56% of CFFO into Q/Q to 15.9MBbls/d…
Drivers of Quarter-over-Quarter Change in Cash Flow Cash Flow From Operations (CFFO)(1) Total Free Cash Flow (FCF)(2) Q/Q: 3 Months Ending 12/31/24 vs 9/30/24 Q/Q: 3 Months Ending 12/31/24 vs 9/30/24 60.5 0.8 1.9 37.8 (2.7) (2.7)…
Drivers of Year-over-Year Change in Cash Flow Cash Flow From Operations (CFFO)(1) Total Free Cash Flow (FCF)(2) Y/Y: 12 Months Ending 12/31/24 vs 12/31/23 Y/Y: 12 Months Ending 12/31/24 vs 12/31/23 40.0 19.1 0.1 25.6 117.1 (2.5)…
Appendix [ insert footnotes here ] 16
2025 Guidance 2 0 2 4 Actual 2 0 2 5 Guidance Activity and Production Guidance Gross N et 1 Q2 5 N et F Y 2 5 N et Operated W ell Activity ( 1) Drilled 30 25.1 - 17.6 - 19.0 Completed 20 19.2 6.0 - 6.5 19.2 - 23.3 Turned to Sales…
Hedging Program Summary Hedging Strategy: protect downside, meet debt convent obligations, reduce volatility and maintain upside exposure Metric Oil (WTI) Natural Gas (HH) Production Hedge % - Forward 12 Months(1) 50% 63% % Mix of Swaps…
Equity Ownership and Research Analyst Coverage Equity Ownership Research Analyst Coverage 21% Firm Analyst E-mail 21% 1 Truist Neal Dingmann neal.dingmanntruist.com 45% 10% Texas 2 Derrick Whitfield…
Year End 2024 Debt Summary SOFR swaps in place for 80MM of notional value through 1Q26 and 45MM in place through 1Q27, corresponding to 70% of principal value of floating-rate debt at 12/31/24 Approximately 88% of the principal value…
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