Riley Exploration Permian, Inc. Q3 FY26 Results

Summary

Riley Exploration Permian, Inc. reported strong third quarter 2026 results, with total equivalent production reaching 42.0 MBoe/d, a 20% increase from the previous quarter and a 38% increase year-over-year. Operating cash flow surged 75% quarter-over-quarter to $111 million, alongside $42 million in Total Free Cash Flow. The company also made significant progress in debt reduction, decreasing it by 10% sequentially and 35% year-over-year, and increased its quarterly dividend by 5% to $0.42 per share. Management highlighted continued investment in asset development, supported by undeveloped inventory and improving infrastructure conditions.

Key Highlights

1. 1

   Riley Permian reported total equivalent production of 42.0 MBoe/d for the third quarter of 2026, an increase of 20% quarter-over-quarter and 38% year-over-year.

2. 2

   Operating cash flow grew 75% quarter-over-quarter to $111 million, with $42 million of Total Free Cash Flow reported for Q3 2026.

3. 3

   The company reduced debt by 10% quarter-over-quarter and 35% year-over-year, ending the quarter with $245 million in total debt.

4. 4

   A quarterly dividend of $0.42 per share was increased by 5% in October 2026.

5. 5

   New third-party water and gas infrastructure in New Mexico commenced operations, and organic resource expansion initiatives progressed across the Red Lake asset.

6. 6

   The company retired 10.5% unsecured senior notes in October 2026.