Riley Permian Declares Increased Dividend Amid Strong Growth

Riley Permian Announces Dividend Increase

Riley Exploration Permian, Inc. (NASDAQ: REPX) has recently revealed an exciting development for its shareholders. The company's Board of Directors has approved a cash dividend increase, now set at $0.38 per share. This is a notable hike considering the previous dividend was $0.36 per share, marking a solid 6% growth in returns for their investors. This move showcases the confidence that the company has in its ongoing operations and financial performance.

Earnings Release and Conference Call Scheduled

Looking ahead, Riley Permian is set to announce its financial and operational results for the third quarter. This important information will be available after the U.S. financial markets close on November 6. Investors and analysts will want to pay close attention to the insights that the company will share during this release.

Details of the Conference Call

The management team will host a conference call on November 7 at 9:00 a.m. CT. This is an excellent opportunity for stakeholders to engage directly with the company. They can call in to discuss results, ask questions, and gain deeper insights into the company's strategy and outlook.

Participating in the Conference Call

To join the conference call, participants can dial the following numbers: a toll-free number of 1 (888) 596-4144 or for direct calls, 1 (646) 968-2525. Be sure to reference the conference ID number 1303008 when calling in. The company encourages all interested parties to partake in this session to understand the future trajectories and potential of Riley Permian.

Replay Availability

For those who may miss out on the live discussion, a replay will be made available. Investors can access the replay until November 21 by dialing 1 (800) 770-2030 for toll-free calls, or 1 (609) 800-9909 for direct lines, using the same ID number for reference.

Understanding Riley Exploration Permian, Inc.

Riley Permian stands as a growth-oriented independent oil and natural gas company. Its primary focus revolves around the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids. This approach positions the company favorably within the energy market, as it seeks to expand its assets and enhance shareholder value.

Riley Permian's commitment to growth is evident in its investment strategies and operational tactics. The company's experienced leadership is dedicated to navigating the complexities of the energy sector while ensuring sustainable business practices. Their ongoing initiatives are geared towards maximizing production efficiency and delivering value directly back to shareholders.

Conclusion: A Forward-Looking Approach

With a positive outlook on dividends and a transparent approach to earnings, Riley Exploration Permian, Inc. appears to be on a strong path forward. The company's ability to consistently increase dividends reflects its commitment to shareholder engagement and its operational successes. Investors are sure to benefit from staying updated on Riley Permian's advancements as it strives to make a mark in the competitive oil and gas landscape.

Frequently Asked Questions

What is the new dividend amount announced by Riley Permian?

The new dividend amount is $0.38 per share, representing a 6% increase from the previous dividend of $0.36.

When will the earnings release take place?

The earnings release is scheduled for November 6, after U.S. financial markets close.

How can I participate in the conference call?

You can participate by calling 1 (888) 596-4144 toll-free or 1 (646) 968-2525 directly on November 7 at 9:00 a.m. CT, using conference ID number 1303008.

Is there a replay available for the conference call?

Yes, a replay of the conference call will be available until November 21, accessed via the same call numbers.

What does Riley Permian focus on as a company?

Riley Permian focuses on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids, aiming for growth and increased shareholder value.

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