Highlights from 1Q24 Earnings Release 1 Production 2 Cash Flow 3 Reinvestment 4 FCF Conversion Increased oil production by 4% Generated 58MM of CFFO Reinvested 45% of CFFO into Converted 40% of CFFO to FCF Q/Q to 14.2MBbls/d with total…
Drivers of Q/Q Growth Cash Flow From Operations (CFFO)(1) Free Cash Flow (FCF)(2) Q/Q: 3 Months Ending 3/31/24 vs 12/31/23 Q/Q: 3 Months Ending 3/31/24 vs 12/31/23 FCF decreased 30% Q/Q due to higher capex, which more 7% increase Q/Q…
2024 Forecasted FCF Sensitivity Based on Oil Price (1) (2) Excess cash flow for Credit Facility paydown and opportunistic investments Annual paydown on Sr. Notes (20MM per year) (3) Dividend (current level of 0.36 per share per…
FCF Conversion and Allocation (1) Reinvestment of CFFO(2) & Conversion to FCF(1) Allocation of FCF(1) Moderating reinvestment rate, while maintaining volume Increasing FCF(1) allows for debt reduction and contributions growth,…
2024 Plan Guidance: Growing While Reducing Spending Reaffirming 2024 target of 10% Y/Y oil volume growth & 10% reduction in full-year 2024 capex Activity, Production, and Investing Guidance Quarterly Detail for Estimated Realizations…
Additional Information Company 29 E. Reno Ave., Ste 500 Oklahoma City, OK 73104 405-415-8699 www.rileypermian.com Investor Relations Rick DAngelo 405-438-0126 irrileypermian.com 8
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