newsfilter
← Earnings
Earnings Releases·

Riley Exploration Permian, Inc. — Third Quarter 2026 Earnings Summary

  • Total revenues rose 21% quarter-over-quarter to $201 million, while operating income surged to $107 million from $29 million in the prior quarter; however, the company reported a net loss of $2 million driven by a $100 million significant net loss on derivatives, contrasting with net income of $87 million in Q2 2026.
  • Adjusted EBITDAX increased to $117 million and operating cash flow grew 75% quarter-over-quarter to $111 million, supported by a 20% increase in average daily oil production to 25.4 MBbls/d and a $28 million reduction in total debt to $245 million.
  • Management provided Q4 2026 guidance for 13-17 drilled and 13-17 completed wells, with production targets of 25.5-26.5 MBbls/d oil and 42.5-43.5 MBoe/d total equivalent, alongside capital expenditure guidance of $74-$86 million.
  • Strategic capital allocation includes plans to initiate San Andres formation development in Q2 2027, the retirement of $130 million in senior notes, an amended credit agreement extending maturity to 2030, and a 5% dividend increase to $0.42 per share.
Company
RILEY EXPLORATION PERMIAN INC
Sector
Energy
Industry
Oil & Gas E&P