Riley Exploration Permian, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
(In thousands, except per share amounts) | ||||||||||||||||||||
Net income | $ | 160,840 | $ | 88,897 | $ | 111,591 | ||||||||||||||
Basic weighted-average common shares outstanding | 21,134 | 20,712 | 19,705 | |||||||||||||||||
Restricted shares | 60 | 163 | 295 | |||||||||||||||||
Diluted weighted-average common shares outstanding | 21,194 | 20,875 | 20,000 | |||||||||||||||||
Basic net income per common share | $ | 7.61 | $ | 4.29 | $ | 5.66 | ||||||||||||||
Diluted net income per common share | $ | 7.59 | $ | 4.26 | $ | 5.58 | ||||||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
(In thousands) | |||||||||||||||||
Restricted shares | 659 | 227 | 295 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 4, 2026 | Showing above |
| 2024 | Mar 5, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.