Riley Permian Reports Second Quarter 2026 Results

OKLAHOMA CITY, Aug. 5, 2026 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), today reported financial and operating results for the second quarter ended June 30, 2026.

* Reported 34.3 MBoe/d of total equivalent production (oil production of 21.2 MBbls/d) * Generated $64 million of operating cash flow or $75 million before changes in working capital((1) )and $6 million of Total Free Cash Flow((1)) * Incurred total accrual (activity-based) capital expenditures before acquisitions of $87 million and cash capital expenditures before acquisitions of $68 million * Generated $87 million of net income and $80 million of Adjusted EBITDAX((1)) * Increased debt by $26 million with a quarter-end debt-to-Adjusted EBITDAX((1)) ratio of 1.0x((2)) * Revised full-year 2026 guidance to reflect higher forecasted oil production and total capital expenditures and investments Bobby Riley, Chief Executive Officer and Chairman of the Board commented, "We continued executing the growth strategy we outlined earlier this year during the second quarter, delivering oil production near the high end of guidance and building momentum for the quarters ahead. We are increasing full-year oil production guidance, which now implies approximately 30% year-over-year growth in 2026. Our outlook calls for the largest production increase of the year in the third quarter, with oil production expected to grow more than 20% sequentially. We are encouraged by the progress made to date and believe the activity underway positions us for meaningful production growth through the remainder of 2026 and into 2027."