Riley Exploration Permian, Inc.

Riley Exploration Permian, Inc. announced an Amended and Restated Credit Agreement that increases its borrowing base to $450 million and extends the maturity date to October 2030. The company also reported strong third-quarter 2026 results, with a 20% increase in oil production to 25.4 MBbls/d and operating cash flow of $111 million. Debt was reduced by 10% to $245 million, and the quarterly dividend was increased by 5% to $0.42 per share. Additionally, the company announced progress on infrastructure projects and plans for future development on its Red Lake asset.

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.

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.

Riley Exploration Permian, Inc. stockholders approved the Second Amended and Restated 2021 Long Term Incentive Plan at the Annual Meeting on May 12, 2026. This amendment increased the aggregate number of shares available for issuance under the plan by 2,800,000, bringing the total to 5,137,022 shares. Additionally, stockholders elected all seven director nominees, ratified the appointment of BDO USA, P.C. as the independent registered public accounting firm for 2026, and provided advisory approval for the compensation of the Named Executive Officers.

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.

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.