Riley Exploration Permian (NYSE: REPX) sets $100M stock buyback program

Rhea-AI Filing Summary

Riley Exploration Permian, Inc. reported that its board of directors has authorized a share repurchase program for up to $100 million of the company’s currently outstanding common stock over a 24‑month period. The company may buy back shares through open market purchases, privately negotiated transactions, block purchases, or other methods.

The board also authorized the company to enter into written trading plans under Rule 10b‑18 with a third‑party broker to help execute repurchases. The company noted it cannot predict when or if it will repurchase shares, as activity will depend on factors such as share price, general business and market conditions, constraints in any trading plans, and alternative investment opportunities. Any completed repurchases will be described in future quarterly and annual reports.

Insights

Equity analyst – capital allocation

Board authorizes up to $100 million of share repurchases over 24 months, with execution dependent on market conditions and other opportunities.

The board of Riley Exploration Permian approved a share repurchase program for up to $100 million of currently outstanding common stock, authorized on December 15, 2025. Repurchases may occur via open market purchases, privately negotiated transactions, block trades, or other methods, providing multiple execution channels. The board also authorized entering written trading plans under Rule 10b‑18 with a third‑party broker, which can automate buybacks within preset parameters.

Management emphasizes that it cannot predict when or whether any shares will actually be repurchased. Activity under the program will depend on constraints in any trading plans, the trading price of the stock, overall business and market conditions, and alternative investment opportunities. Information on actual repurchases will appear in future Form 10‑Q and Form 10‑K reports, allowing investors to see how much of the authorized amount is ultimately used.

0001001614FALSE00010016142025-12-162025-12-16

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 15, 2025

Riley Exploration Permian, Inc.

(Exact name of registrant as specified in its charter)

Delaware			1-15555			87-0267438
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

29 E. Reno Avenue, Suite 500

Oklahoma City, Oklahoma 73104

Address of Principal Executive Offices, Including Zip Code)

405-415-8699

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

REPX

NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 7.01 Other Events.

On December 16, 2025, Riley Exploration Permian, Inc. (the “Company” or “Riley Permian”) issued a press release announcing that the Board of Directors (the “Board”) of Riley Permian authorized a share repurchase program. A copy of the news release is filed as Exhibit 99.1 to this report and is incorporated herein by reference herein. The information in Item 7.01 of this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.

Item 8.01 Other Events.

On December 15, 2025, the Board of Riley Permian authorized a share repurchase program for up to $100 million of the currently outstanding shares of the Company’s common stock over a period of 24 months. Under the stock repurchase program, the Company may repurchase shares through open market purchases, privately-negotiated transactions, block purchases or otherwise. The Board also authorized the Company to enter into written trading plans under Rule 10b-18 of the Exchange Act with a third-party broker to facilitate the repurchase of its common stock pursuant to its share repurchase program.

The Company cannot predict when or if it will repurchase any shares of common stock as such stock repurchase program will depend on a number of factors, including constraints specified in any written trading plans, price, general business and market conditions, and alternative investment opportunities. Information regarding share repurchases will be available in the Company’s periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.

This Form 8-K and press release attached hereto as Exhibit 99.1 contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act and 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. Items contemplating or making assumptions about actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond Riley Permian’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements.

Item 9.01 Financial Statements and Exhibits

(d)    Exhibits

Exhibit No.			Description
99.1			Press Release dated December 16, 2025.
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						RILEY EXPLORATION PERMIAN, INC.
Date:			December 16, 2025			By:			/s/ Philip Riley
									Philip Riley
									Chief Financial Officer and Executive Vice President of Strategy

FAQ

What did Riley Exploration Permian (REPX) announce in this 8-K?

Riley Exploration Permian announced that its board of directors authorized a share repurchase program for up to $100 million of the company’s currently outstanding common stock, to be carried out over a 24‑month period.

How large is the Riley Exploration Permian (REPX) share repurchase program?

The board authorized a share repurchase program for up to $100 million of Riley Exploration Permian’s currently outstanding common stock, with a duration of 24 months from authorization.

What methods can Riley Exploration Permian (REPX) use to buy back its stock?

Under the program, the company may repurchase shares through open market purchases, privately negotiated transactions, block purchases, or otherwise, giving it flexibility in how it executes repurchases.

Is Riley Exploration Permian required to repurchase the full $100 million of shares?

No. The company stated it cannot predict when or if it will repurchase any shares, as activity will depend on factors such as share price, business and market conditions, constraints in any trading plans, and alternative investment opportunities.

Did Riley Exploration Permian (REPX) approve any trading plans related to the buyback?

The board authorized the company to enter into written trading plans under Rule 10b‑18 of the Exchange Act with a third‑party broker, which can be used to facilitate share repurchases under the program.

Where will information on Riley Exploration Permian’s share repurchases be disclosed?

The company stated that information regarding share repurchases will be available in its periodic reports on Form 10‑Q and Form 10‑K filed with the Securities and Exchange Commission, as required by applicable Exchange Act rules.

When did Riley Exploration Permian’s board authorize the share repurchase program?

The board of Riley Exploration Permian authorized the share repurchase program on December 15, 2025, and the company subsequently issued a press release on December 16, 2025 describing the authorization.