Riley Exploration Permian Q3 Earnings Fall Short of Estimates, Shares Down 20.9% YTD

Riley Exploration Permian reported Q3 earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.97 per share. Revenues were $106.85 million, surpassing estimates by 3.34%. The company has underperformed the market so far this year, with shares down 20.9%. The earnings outlook for Riley Exploration Permian is unfavorable, translating into a Zacks Rank #5 (Strong Sell), indicating expected underperformance in the near future.