Quarterly ResultAug 5, 2026, 04:45 PM
Riley Exploration Q2 Net Income +187% to $87.37M; Revenue +94%
AI Summary
Riley Exploration Permian, Inc. reported a significant increase in its second-quarter 2026 financial results, with net income surging 187% to $87.37 million and total revenues growing 94% to $165.85 million. However, for the six months ended June 30, 2026, net income decreased 71% to $16.94 million, primarily due to a substantial non-cash loss on derivatives. Despite this, the company saw a 31.7% increase in net cash provided by operating activities for the first half of 2026.
Key Highlights
- Q2 2026 Net Income increased 187% to $87.37 million.
- Q2 2026 Total Revenues rose 94% to $165.85 million.
- Basic EPS for Q2 2026 was $4.17, up from $1.44 in Q2 2025.
- H1 2026 Net Income decreased 71% to $16.94 million, impacted by derivative losses.
- Net cash provided by operating activities for H1 2026 increased 31.7% to $110.68 million.
- Additions to oil and natural gas properties for H1 2026 were $96.86 million.
- Declared dividends of $8.66 million for Q2 2026.
- Repurchased $4.90 million of common shares in H1 2026.
Price Impact
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