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Director Brent Alexander Arriaga of Riley Exploration Permian, Inc. (NASDAQ:REPX), an oil and gas company with a market capitalization of $585 million and "GREAT" InvestingPro Financial Health score, sold 3,918 shares of common stock on June 23, 2025. The sales were executed at a weighted average price of $27.95, resulting in a total transaction value of $109,508.
The price per share in the sale ranged from $27.85 to $28.00. Following the transaction, Arriaga directly owns 19,133 shares of Riley Exploration Permian, Inc., which includes 7,524 shares of restricted common stock subject to vesting and other restrictions.
In other recent news, Riley Exploration Permian Inc. reported its first-quarter 2025 earnings, with an earnings per share (EPS) of $1.62, slightly surpassing the forecast of $1.60. However, the company reported revenue of $102.46 million, which fell short of the expected $104.26 million. The company continues to focus on strategic acquisitions and operational efficiencies, as highlighted by its recent acquisition of Silverback Exploration and New Mexico assets. This acquisition is expected to enhance Riley Permian’s borrowing base and support future growth initiatives. Additionally, Riley Permian announced at its annual stockholders’ meeting the election of six directors and the ratification of BDO USA, P.C. as its independent registered public accounting firm for 2025. The company also decided to hold annual advisory votes on executive compensation. These developments reflect Riley Permian’s ongoing efforts to maintain strong financial performance and strategic growth amid challenging market conditions.
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