Quarterly ResultMay 6, 2026, 04:19 PM
Riley Permian Q1 Production 35.6 MBoe/d; Net Loss $70M
AI Summary
Riley Exploration Permian, Inc. reported its first quarter 2026 financial and operating results, with total equivalent production reaching 35.6 MBoe/d. Despite strong operational execution, including production exceeding guidance and capital spending below expectations, the company recorded a net loss of $70 million due to negative impacts on gas and NGL realizations from regional gas egress constraints. The company generated $47 million in operating cash flow and $24 million in Total Free Cash Flow, while also reducing debt by $8 million and repurchasing $4 million in stock.
Key Highlights
- Reported Q1 2026 total equivalent production of 35.6 MBoe/d, with oil production at 20.2 MBbls/d.
- Generated $47 million in operating cash flow and $24 million in Total Free Cash Flow.
- Incurred a net loss of $70 million, or $(3.38) per diluted share.
- Adjusted EBITDAX for the quarter was $61 million.
- Reduced debt by $8 million, achieving a quarter-end debt-to-Adjusted EBITDAX ratio of 1.0x.
- Repurchased 152 thousand shares of stock for $4 million and paid a cash dividend of $0.40 per share.
- Incurred total accrual capital expenditures of $47 million.
- Provided Q2 2026 total capital expenditure guidance of $75 million to $90 million.