Riley Exploration Permian: Projected Leverage Remains Reasonable Despite Recent Acquisition

  • Riley announced a $142 million acquisition while reducing its 2025 capex budget by nearly $100 million. These moves result in its projected leverage being 1.2x at the end of 2025. REPX is gaining a large amount of potential development opportunities in the deal, in an area that should make good use of its midstream buildout.