Riley Permian Announces New Share Repurchase Program
Rhea-AI Summary
Riley Permian (NYSE American: REPX) announced a share repurchase program of up to $100 million of common stock to be executed over 24 months. The Board also authorized written trading plans under the Securities Exchange Act to facilitate repurchases.
The company said repurchases may occur in the open market, block trades or privately, will be opportunistic using available funds, and that repurchased shares will no longer be outstanding but may be available for future issuance.
Positive
- $100 million repurchase authorization over 24 months
- Adds buyback to existing quarterly dividend capital-return program
- Board authorized written trading plans to execute repurchases
Negative
- Repurchased shares may be reissued, enabling future shareholder dilution
News Market Reaction 6 Alerts
On the day this news was published, REPX declined 4.59%, reflecting a moderate negative market reaction. Argus tracked a peak move of +4.0% during that session. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $29M from the company's valuation, bringing the market cap to $602M at that time. Trading volume was above average at 1.9x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Several Oil & Gas E&P peers were down, with VTLE, GRNT, TXO, EGY, and SD declining between 1.16% and 2.72%, broadly matching REPX’s -2.89% move before the buyback announcement.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Asset sale | Positive | +1.0% | Sale of Dovetail Midstream for cash to reduce borrowings and fund taxes. |
| Nov 05 | Earnings update | Positive | +0.6% | Q3 2025 results with cash flow, free cash flow, acquisition and dividend raise. |
| Oct 07 | Dividend increase | Positive | +2.6% | Announced higher quarterly dividend and scheduled Q3 earnings call. |
| Aug 06 | Earnings update | Positive | +1.6% | Q2 2025 earnings with revenue, net income and Silverback acquisition details. |
| Jul 09 | Dividend declaration | Positive | -2.4% | Declared quarterly dividend and scheduled Q2 2025 earnings release and call. |
Recent fundamental and transaction-related news (earnings, dividends, midstream sale) mostly saw modest positive price reactions, with one dividend/earnings scheduling release drawing a negative move.
Over the last six months, Riley Permian reported steady operational and financial progress. Q2 and Q3 2025 results showed growing production, positive net income, and free cash flow generation, alongside the closing of the Silverback acquisition and consistent cash dividends between $0.38–$0.40 per share. The company also executed a midstream monetization for about $111 million in cash with further contingent payments possible. Against this backdrop of balance sheet management and shareholder returns, the new $100 million share repurchase program adds another capital-return lever.
Market Pulse Summary
This announcement introduced a share repurchase program authorizing up to $100 million of common stock buybacks over 24 months, adding to Riley Permian’s existing dividend framework as a capital-return tool. It follows the cash-generating midstream sale and recent earnings reports that highlighted positive cash flow and dividends. Investors may monitor the actual pace of repurchases, overall liquidity relative to the development program, and future updates on operational performance and capital allocation priorities.
Key Terms
written trading plans financial
common stock financial
AI-generated analysis. Not financial advice.
Bobby Riley, Chairman and CEO for Riley Permian, commented, "We're excited to introduce a share repurchase program as another means of returning capital to shareholders in addition to our quarterly dividends. With the closing of Riley Permian's previously-announced midstream sale, we are well-positioned to pursue opportunities to unlock value and maximize shareholder returns. The share repurchase program highlights our confidence in continued excellent operational performance and financial strength."
The shares may be repurchased by the Company from time to time in open market transactions, through block trades, in privately negotiated transactions or by other means in accordance with federal securities laws. The timing, as well as the number and value of shares repurchased under the program, will be determined by the Company at its discretion and will depend on a variety of factors, including management's assessment of the intrinsic value of the Company's common stock, the market price of the Company's common stock, general market and economic conditions, available liquidity, compliance with the Company's debt and other agreements, applicable legal requirements, and other considerations.
The Company intends to purchase shares under the repurchase program opportunistically with available funds while maintaining sufficient liquidity to fund its capital development program. The repurchase program does not obligate Riley Permian to purchase stock, and may be suspended from time to time, modified, extended or discontinued by the Board of Directors at any time. Any stock purchased as part of this program will no longer be outstanding and will be available for future issuances by Riley Permian.
About Riley Exploration Permian, Inc.
Riley Permian is a growth-oriented upstream oil and gas company operating in
Forward-Looking Statements
This press release contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933, as amended (the "Securities Act"), and the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts included or referenced in this press release regarding Riley Permian's dividend plans and practices, share repurchases, capital allocation, financial position, business strategy, plans and objectives for future operations, industry conditions, cash flow, and borrowings are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "continue," "anticipate," "target," "could," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes.
Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control, which could cause actual results to differ materially from those set forth in the forward-looking statements. An extensive list of factors that can affect future results are discussed in Riley Permian's Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. Riley Permian undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
Investor Contact:
405-438-0126
IR@rileypermian.com
View original content:https://www.prnewswire.com/news-releases/riley-permian-announces-new-share-repurchase-program-302644009.html
SOURCE Riley Exploration Permian, Inc.
FAQ
What did Riley Permian (REPX) announce on December 16, 2025 about share repurchases?
How will Riley Permian (REPX) execute its $100 million buyback?
Will Riley Permian (REPX) use proceeds from the midstream sale for the repurchase?
How long is the Riley Permian (REPX) repurchase program effective?
Does the Riley Permian (REPX) buyback obligate the company to purchase shares?
What is the shareholder impact of Riley Permian's (REPX) repurchases?
