Filing Flows › Riley Exploration Permian (REPX) › Q1 2025
Riley Exploration Permian (REPX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Riley Exploration Permian (REPX) reported revenue of $102M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -0.2% from the quarter before. Operating margin was 48.3%, net earnings $28.6M (27.9% of revenue).
Riley Exploration Permian, Q1 2025: revenue $102M (+3% year over year), operating margin 48.3%, net earnings $28.6M, operating cash flow $50.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $102M | -0.2% | +3% |
| Operating profit | $49.5M | +55% | -2% |
| Net earnings | $28.6M | +162% | +53% |
| Operating cash flow | $50.4M | -24% | -10% |
| Free cash flow | $34.2M | -23% | +62% |
What changed
Revenue was $102.5M in Q1 2025, up 3% year over year and roughly flat from the previous quarter. Oil was the largest line at 96% of revenue. Oil added $1.6M year over year (up 2%), 59% of the total change.
Operating profit was $49.5M, a 48.3% margin (down 2.4 points year over year). Operating profit fell $1.1M even though revenue rose $2.7M versus a year earlier, so costs grew faster than sales. Total costs grew 8% against revenue growth of 3%. Net earnings were $28.6M, up 53% year over year. The effective tax rate was 22.3%.
Operating cash flow was $50.4M (down 10% year over year), 176% of net earnings. Non-cash charges added back $19.1M of depreciation and amortization and $1.4M of share-based compensation. Capital expenditures of $16.1M left free cash flow of $34.2M.
Questions
What was Riley Exploration Permian's revenue in the first quarter 2025?
Riley Exploration Permian (REPX) reported revenue of $102M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -0.2% from the quarter before.
Was Riley Exploration Permian profitable in the first quarter 2025?
Operating profit was $49.5M (48.3% of revenue) and net earnings $28.6M.