Quarterly ResultAug 5, 2026, 04:38 PM
Riley Permian Q2 Net Income $87M; Raises Full-Year Production Guidance
AI Summary
Riley Exploration Permian, Inc. reported strong second-quarter 2026 financial results, with net income reaching $87 million ($4.11 per diluted share) and Adjusted EBITDAX of $80 million. The company achieved total equivalent production of 34.3 MBoe/d and generated $6 million in Total Free Cash Flow. Management also increased its full-year 2026 oil production guidance, now projecting approximately 30% year-over-year growth, and anticipates a significant sequential production increase in the third quarter.
Key Highlights
- Net income for Q2 2026 was $87 million, or $4.11 per diluted share.
- Total equivalent production reached 34.3 MBoe/d, with oil production at 21.2 MBbls/d.
- Adjusted EBITDAX for the quarter was $80 million, and Total Free Cash Flow was $6 million.
- Full-year 2026 oil production guidance was raised to 22.5 - 23.5 MBbls/d, implying ~30% YoY growth.
- Q3 2026 oil production is expected to grow over 20% sequentially to 25.1 - 26.1 MBbls/d.
- Total accrued capital expenditures for Q2 were $87 million.
- The company increased total debt by $26 million, with a debt-to-Adjusted EBITDAX ratio of 1.0x.
- A cash dividend of $0.40 per share was paid, totaling $9 million.
Price Impact
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