Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

Riley Exploration Permian / Equity Bottom-Up

<ul><li>We are updating our 4Q24 and FY25 estimates to reflect actual 4Q24 NYMEX reference prices and revised FY25 pricing estimates.</li><li>Our current FY25 NYMEX oil and natural gas estimates are $73/bbl and $3.26/MMBtu, respectively.</li><li>Our updated 4Q24 adjusted EBITDA estimate is $68.2 million, which would bring the full-year total to $284.3 million.</li></ul>

We are updating our 4Q24 and FY25 estimates to reflect actual 4Q24 NYMEX reference prices and revised FY25 pricing estimates.Our current FY25 NYMEX oil and natural gas estimates are $73/bbl and $3.26/MMBtu, respectively.Our updated 4Q24 adjusted EBITDA estimate is $68.2 million, which would bring the full-year total to $284.3 million.

Riley Exploration Permian, Inc. - Free Cash Flexibility to Fund Growth and Shareholder Returns