Riley Exploration Permian Inc 2025年季度报告

oIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YesoNoxThe total number of shares of common stock, par value $0.001 per share, outstanding as of May2, 2025, was22,023,036. amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact,contained in this Quarterly Report that include information concerning our possible or assumed future results of operations, businessstrategies, need for financing, competitive position and potential growth opportunities represent management's beliefs and assumptionsbased on currently available information and they do not consider the effects of future legislation or regulations. Forward-lookingstatements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the terminology or by discussions of strategy or trends. Such statements by their nature involve risks and uncertainties that could significantlyaffect expected results, and actual future results could differ materially from those described in such forward-looking statements. 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Part II, Item 1A. Risk Factors" in thisQuarterly Report and "Part I, Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December31, 2024 (the"2024 Annual Report"). We continue to face many risks and uncertainties including, but not limited to: •the volatility of oil, natural gas and NGL prices;•regional supply and demand factors, any delays, curtailment delays or interruptions of production, and any governmental order,rule or regulation that may impose production limits; result in a prolonged shut-in of our wells that may adversely affect our reserves, financial condition and results of operations;•severe weather and other risks that lead to a lack of any available markets;•our ability to successfully complete mergers, acquisitions or divestitures;•the inability or failure of the Company to successfully integrate the acquired assets into our operations and development activities; •the potential delays in the development, construction or start-up of planned projects;•failure to realize any of the anticipated benefits of our joint ventures or other equity investments;•risks relating to our operations, including development drilling and testing results and performance of acquired properties and newly drilled wells;•inability to prove up undeveloped acreage and maintain production on leases;•any reduction in our borrowing base on our Credit Facility from time to time and our ability to repay any excess borrowings as aresult of such reduction; •the impact of our derivative strategy and the results of future settlement;•our ability to comply with the financial covenants contained in our Credit Facility and in our Senior Notes;•changes in general economic, business or industry conditions, including changes in inflation rates, interest rates and foreign currency exchange rates; •conditions in the capital, financial and credit markets and our ability to obtain capital needed to fund our exploration and development and midstream project on favorable terms or at all; •the loss of certain tax deductions;•risks associated with executing our business strategy, including any changes in our strategy; •legislative or regulatory changes, including initiatives related to hydraulic fracturing, regulation of greenhouse gases, water •the ability to receive drilling and other permits or approvals and rights-of-way in a timely manner (or at all), which may berestricted by governmental regulation and legislation; permits recently imposed by the RRC in an effort to control induced seismicity in the Permian Basin;•changes in government environmental policies and other environmental risks; •public health crises, such as pandemics and epidemics, and any related government policies and actions and the effects of suchpublic health crises on the oil and natural gas industry, pricing and demand for oil and natural gas and supply chain logistics;•general domestic and international economic, market and political conditions, including military conflicts, global economic growth, unpredictability of new tariffs, actions of OPEC+ countries and changes to the current political environment under thenew administration;•risks related to litigation; and •cybersecurity threats, technology system failures and data security issues.In light of such risks and uncertainties, we caution you not to place undue reliance on these forward-looking statements. These (Unaudited)Three Months Ended March 31,20252024(In thousands) C