10-K · March 4, 2026
Riley Permian (REPX) presents a growth-focused Permian strategy anchored in horizontal drilling in Yoakum County, TX and Eddy County, NM and has meaningfully grown proved reserves to 147,415 MBoe as of December 31, 2025…
Earnings analysis · 10-Q
REPX earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Riley Exploration Permian (REPX) reported Q1 2026 revenues of $114 million, slightly below the consensus estimate of $118.6 million, while diluted EPS fell to a loss of $3.38, missing the expected $1.08. Despite…
Read full summary
Riley Exploration Permian (REPX) reported Q1 2026 revenues of $114 million, slightly below the consensus estimate of $118.6 million, while diluted EPS fell to a loss of $3.38, missing the expected $1.08. Despite challenges with pricing and loss on derivatives, management emphasized production growth, with guidance for Q2 indicating a significant increase in total equivalent production.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-3.38
What stood out
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Revenue Slightly Misses Estimates
Total revenue for Q1 2026 was $114 million, compared to the estimated $118.6 million.
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Significant Production Growth
Daily equivalent production increased to 35,600 Boe/d, up from 24,433 Boe/d in Q1 2025.
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Cash Flow from Operations
Operating cash flow of $47.2 million was reported for Q1 2026, down from $50.4 million in Q1 2025.
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Increased Oil Production Volumes
Oil production volumes rose 29%, reaching 1,814 MBbls compared to 1,406 MBbls in the prior year.
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Undrawn Capacity in Credit Facility
The company had $293 million of undrawn capacity under its Credit Facility.
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Share Repurchase Activity
In Q1 2026, REPX repurchased $4 million in common shares as part of its buyback plan.
What to watch
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Substantial Net Loss
The company recorded a net loss of $(126.97) million due to derivative losses.
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Negative Realized Prices
Natural gas sales resulted in a net loss of $(6.36) million driven by increased GP&T costs and negative pricing dynamics.
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Dependence on Waha Pricing
The company's natural gas production is highly affected by negative pricing at the Waha Hub, leading to potential curtailed production.
Management's outlook
Management anticipates total equivalent production of 35.0 - 37.0 MBoe/d for Q2 2026.
Earlier filings 4
10-K · March 5, 2025
Riley Permian is positioning as a Permian-focused growth E&P, expanding via New Mexico acquisitions and a long-term gas sales / midstream arrangement while emphasizing free cash flow and balance sheet flexibility.…
10-Q · August 7, 2024
Riley Permian reported quarterly revenue of $105,403,000 (up from $99,912,000 a year ago) and operating income of $53,612,000, driving an operating margin of 50.9%. Net income was $33,548,000 (vs. $33,068,000 prior…
10-Q · August 7, 2023
Riley Exploration Permian reported Q2 2023 revenue of $99,912,000, up from $88,381,000 in Q2 2022 and up materially versus Q1 2023 ($67,012,000). Operating income narrowed to $45,010,000 in Q2 2023 and diluted EPS was…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.