Every 8-K that Riley Exploration Permian, Inc. (REPX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow REPX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full REPX filings page.
Riley Exploration Permian reported second-quarter 2026 revenue of $166 million and net income of $87 million, or $4.11 per diluted share. Average production was 34.3 MBoe/d, including 21.2 MBbls/d of oil. Operating cash flow was $64 million, or $75 million before working-capital changes, and Adjusted EBITDAX was $80 million. The company generated $6 million of Total Free Cash Flow while incurring $87 million of accrual and $68 million of cash capital expenditures. Realized oil prices averaged $94.28 per barrel, while natural gas and NGL prices were negative due to Waha pricing and gathering, processing and transportation costs. A $36 million realized loss on derivative settlements and a $69 million non-cash gain produced a $33 million net gain on derivatives.
Total debt rose by $26 million to $273 million of principal, with lease operating expenses of $29 million, or $9.44 per Boe, including $11 million of workovers. Riley repurchased 25 thousand shares for $1 million and paid a $0.40 per-share dividend totaling $9 million. New Mexico production was temporarily reduced by midstream outages, with June oil output at 24.4 MBbls/d, and a new Targa pipeline is expected online in fourth-quarter 2026. Updated guidance targets Q3 2026 net production of 40.5–41.5 MBoe/d and full-year 2026 oil production of 22.5–23.5 MBbls/d, implying approximately 30% year-over-year oil growth and capital expenditures of $230–$242 million plus $9–$10 million for the power joint venture.
Riley Exploration Permian, Inc. reported results from its May 12, 2026 annual shareholder meeting, highlighted by approval of an expanded equity incentive plan. Stockholders approved the Second Amended and Restated 2021 Long Term Incentive Plan, increasing shares available for awards by 2,800,000 to a total of 5,137,022 shares.
All seven director nominees were elected for one-year terms, and shareholders ratified BDO USA, P.C. as the independent auditor for 2026. Investors also gave advisory approval to compensation for the company’s named executive officers and formally approved the amendment and restatement of the long term incentive plan, which will support future equity-based compensation.
Riley Exploration Permian, Inc. reported strong first-quarter 2026 operating results but a GAAP loss driven by hedge mark-to-market. For the quarter ended March 31, 2026, revenue was $114 million and total equivalent production averaged 35.6 MBoe/d, with oil at 20.2 MBbls/d.
Operating income was $44 million and operating cash flow was $47 million, while Adjusted EBITDAX was $61 million and Total Free Cash Flow was $24 million. The company recorded a net loss of $70 million, or $(3.38) per diluted share, mainly due to a $127 million net loss on derivatives.
The company incurred $47 million of total accrual capital expenditures and $31 million of cash capital expenditures, reduced debt by $8 million to $247 million of total principal, repurchased 152 thousand shares for $4 million, and paid a $0.40 per share dividend totaling about $8 million. Full-year 2026 guidance calls for 37.5–39.5 MBoe/d of production and $200–$220 million of total capital expenditures.
Riley Exploration Permian reported strong 2025 growth, driven by higher production and a major midstream asset sale. Average daily output rose to 29.2 MBoe/d from 22.5 MBoe/d, supporting revenues of $392 million and net income of $161 million, or $7.59 per diluted share.
The company generated $213 million of operating cash flow and $81 million of Total Free Cash Flow, while spending $120 million in accrual capital expenditures. A midstream sale brought $123 million upfront, plus up to $60 million in contingent payments, resulting in a pre-tax gain of $72 million.
Riley Permian reduced total debt by $25 million for the year and cut debt by $120 million in the fourth quarter, ending 2025 with $255 million of principal debt and a year-end debt-to-Adjusted EBITDAX ratio of 1.0x. Proved reserves increased 19% to 147 MMBoe, with PV-10 of $1.39 billion. For 2026, the company guides to 35.0–37.0 MBoe/d of production on $190–$210 million of capital spending, and it has authorized up to $100 million of stock repurchases alongside a quarterly dividend of $0.40 per share.
Riley Exploration Permian, Inc. has appointed Bobby Saadati as an independent member of its board of directors, effective February 4, 2026, to fill a newly created seat with an initial term running until the 2026 annual stockholders’ meeting.
Saadati will receive an annual cash retainer of $120,000, paid quarterly and prorated for partial service, plus $200,000 in restricted stock based on the closing price of the company’s shares before his agreement date, vesting after one year of continued service. He also entered into an indemnification agreement under Delaware law, and the company issued a press release highlighting his extensive oil and gas leadership background, including roles at IKAV Energy USA, Aera Energy, California Resources Corporation, Devon Energy, Jefferies and BP.
Riley Exploration Permian, Inc. completed the second closing of its previously announced midstream asset sale to Targa Northern Delaware LLC. The transaction includes the sale of all membership interests in Dovetail Midstream, LLC, which holds midstream infrastructure projects in Eddy County, New Mexico, for an aggregate cash purchase price of approximately $111 million, subject to customary adjustments. It also includes a separate sale of certain compressor station assets for approximately $10 million in cash plus reimbursement of $1.4 million of capital improvements at a later closing date, which occurred on December 24, 2025.
The company provided unaudited pro forma condensed consolidated financial statements, including a balance sheet as of September 30, 2025 and statements of operations for the nine months ended September 30, 2025 and the year ended December 31, 2024, to show the effect of the midstream sale.
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.
Riley Exploration Permian, Inc. entered into a definitive agreement on December 3, 2025 to sell all membership interests in its wholly owned subsidiary Dovetail Midstream, LLC to Targa Northern Delaware LLC for an aggregate cash purchase price of approximately $111 million, subject to customary adjustments. The assets include midstream infrastructure projects in Eddy County, New Mexico. The company plans to use the closing proceeds to reduce borrowings under its credit facility and to pay income taxes and transaction costs related to the deal.
The company may earn up to an additional $60 million in cash over a five-year period if certain volume-based performance thresholds are achieved. The agreement also provides for a subsequent sale of certain compressor station assets for approximately $10 million at a later closing anticipated no later than the first quarter of 2026, contingent on specified closing conditions. The company issued a press release on December 4, 2025 announcing completion of the initial midstream sale.
Riley Exploration Permian, Inc. reported it announced its financial condition and results of operations for the nine months ended September 30, 2025. The company furnished an earnings press release as Exhibit 99.1 and made it available on its website.
Consistent with Item 2.02, this information is furnished, not filed, which means it is not subject to liability under Section 18 of the Exchange Act or automatically incorporated by reference into other Securities Act filings unless specifically stated.
Riley Exploration Permian, Inc. filed an amended current report to add detailed financial information for its completed acquisition of Silverback Exploration II, LLC, which owns oil and natural gas assets in the Yeso trend of the Permian Basin in Eddy County, New Mexico.
The amendment supplies audited Silverback consolidated financial statements for the year ended December 31, 2024, unaudited interim consolidated financial statements as of and for the three months ended March 31, 2025, and unaudited pro forma condensed combined financial statements for Riley as of March 31, 2025 and for the year ended December 31, 2024 and the three months ended March 31, 2025, giving effect to the July 1, 2025 Silverback acquisition.