Quarterly ResultMay 6, 2026, 04:21 PM
Riley Permian Q1 Net Loss $(70.4)M; Derivatives Impact Earnings
AI Summary
Riley Exploration Permian reported a net loss of $(70.4) million for the first quarter of 2026, a significant decline from a net income of $28.6 million in the prior year's quarter. This loss was primarily driven by a substantial non-cash loss on derivatives totaling $(115.2) million. Despite the net loss, total revenues increased to $113.9 million, partly aided by the Silverback Acquisition which contributed $14.2 million in revenues. The company also repurchased shares and declared dividends during the quarter.
Key Highlights
- Reported a net loss of $(70.4) million in Q1 2026, compared to net income of $28.6 million in Q1 2025.
- Diluted EPS was $(3.38) per share in Q1 2026, down from $1.36 per share in Q1 2025.
- Total revenues increased to $113.9 million in Q1 2026 from $102.5 million in Q1 2025.
- Incurred a significant non-cash loss on derivatives of $(115.2) million in Q1 2026.
- The Silverback Acquisition contributed $14.2 million in revenues and $8.4 million in earnings for Q1 2026.
- Repurchased and retired shares totaling $(4.0) million during Q1 2026.
- Declared dividends of $(8.6) million in Q1 2026.
- Total liabilities increased to $626.6 million at March 31, 2026, from $535.3 million at December 31, 2025.