REPX
Riley Exploration Permian, Inc.25.34
-1.22-4.59%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details D&C tweaks, prod ramp
Q&A detailed 2026 oil production cadence with a Q1 dip from downtime and shut-ins, ramping quarterly thereafter into 2027 efficiencies. John elaborated completion optimizations—sand cut to 250-300 lbs/ft in Champions, cross-link fracs tested in New Mexico for $0.5M+ savings per well—driving costs down while matching or beating type curves. Ongoing Silverback workovers save $20k/month per well; power project #2's first site nears ERCOT commissioning to lift gas netbacks, but no rush for more. Buybacks stay opportunistic versus drillbit returns; ground game eyes 100% inventory replacement via bolt-ons under $300k/location. Q&A reaffirmed flexibility. Watch New Mexico ramp post-Targa line.
Key Stats
Market Cap
558.55MP/E (TTM)
6.24Basic EPS (TTM)
4.06Dividend Yield
0.06%Recent Filings
8-K
2025 results, midstream sale
Riley Permian reported 2025 results with full-year production averaging 29.2 MBoe/d (17.3 MBbls/d oil), $261M Adjusted EBITDAX, and $81M Total Free Cash Flow. Key moves included selling midstream assets for $123M cash (plus up to $60M contingent), cutting debt $120M to 1.0x leverage, closing Silverback acquisition for $120M cash plus contingent, and authorizing $100M buybacks. Issued 2026 guidance of 35-37 MBoe/d and $190-210M capex. Debt slashed sharply.
10-K
FY2025 results
Riley Permian boosted FY2025 production 29% to 29,205 Boe/d (60% oil), driven by the July Silverback Acquisition adding 40,000 net acres in Eddy County, NM, and 25 gross development wells (19.0 net), pushing total proved reserves up 19% to 147,415 MBoe with PUDs rising 29% to 60,705 MBoe via 23.0 MMBoe extensions. Champions field held steady at 17,371 Boe/d while Red Lake accelerated to 11,593 Boe/d, but lower oil prices ($62.95/Bbl vs $74.10, derived) trimmed net revenues 4% to $392M amid negative gas/NGL pricing from GP&T costs; LOE climbed to $8.21/Boe on volumes. Q4 momentum shone in Red Lake growth, December midstream sale to Targa unlocked $122M cash (net $71.7M gain), bolstering liquidity with $290M Credit Facility capacity and $145M Senior Notes. Viking Sale retired 250,000 shares. Seismic risks threaten Permian water disposal.
8-K
Appoints oil exec Saadati to board
Riley Exploration Permian appointed Bobby Saadati as independent director effective February 4, 2026, filling a new board seat until the 2026 annual meeting. Saadati, CEO of IKAV Energy USA with deep oil and gas experience in operations, M&A, and strategy from roles at Aera Energy, CRC, Devon, and BP, receives $120,000 annual cash retainer plus $200,000 in restricted stock vesting in one year. His expertise bolsters board guidance. No related transactions disclosed.
8-K
Midstream sale closed, debt cut
Riley Exploration Permian completed the sale of its Dovetail Midstream subsidiary and compressor assets in Eddy County, New Mexico, to Targa Northern Delaware for ~$122.4 million cash on December 24, 2025. Proceeds slashed debt by $102.8 million, boosting pro forma net income to $79.3 million for nine months ended September 30, 2025. Cash flows cleaner now. Up to $60 million earnout hinges on volumes.
8-K
Authorizes $100M buyback
Riley Exploration Permian authorized a $100 million share repurchase program on December 15, 2025, targeting its common stock over 24 months via open market or private deals. Post midstream sale, this bolsters capital returns alongside dividends. Repurchases hinge on market conditions. Program may suspend anytime.
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