Riley Exploration Permian Inc 2025年季度报告

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submittedand posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required toYesx No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of"largeacceleratedfiler,""acceleratedfiler"and"smallerreportingcompany"inRule12b-2oftheExchangeAct.(Checkone): DEFINITIONS As used in this Quarterly Report on Form 10-Q (the "Quarterly Report"), unless otherwise noted or the context otherwise requires, werefer to Riley Exploration Permian, Inc., together with its consolidated subsidiaries, as "Riley Permian," "REPX," "the Company,""Registrant," "we," "our," or "us." In addition, this Quarterly Report includes certain terms commonly used in the oil and natural gasindustry, and the following are abbreviations and definitions of certain terms used within this Quarterly Report: CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, asamended, 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-looking Among the factors that could cause actual future results to differ materially are the risks and uncertainties discussed under "Part I, Item2. 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 •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;•cost and availability of gathering, pipeline, refining, transportation and other midstream and downstream activities, which couldresult 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; Table of Contents •the availability of drilling equipment and the timing of production; •tax consequences of business transactions;•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 economicgrowth, unpredictability of new tariffs, actions of OPEC+ countries and changes to the current political environment under thenew administration; In light of such risks and uncertainties, we caution you not to place undue reliance on these forward-looking statements. Theseforward-looking statements speak only as of the date of this Quarterly Report, or if earlier, as of the date they were made. We do not intend RILEY EXPLORATION PERMIAN, INC.CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY RILEY EXPLORATION PERMIAN, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (1)Nature of Business Riley Permian is a growth-oriented, independent oil and natural gas company focused on horizontal drilling of conventional oil-saturated and liquids-rich formations in the Permian Basin that produce long-term cash flows. The majority of our acreage is located in (2)Basis of Presentation These unaudited condensed consolidated financial statements as of March 31, 2025, and for the three months ended March 31, 2025,and 2024, include the accounts of Riley Permian and our consolidated subsidiaries and have been prepared in accordance with U.S. GAAP. Certain information and footnote disclosures n