---
schema_version: "secwatch.filing_event.v1"
accession: "0001001614-25-000025"
form_type: "8-K"
ticker: "REPX"
cik: "0001001614"
company_name: "Riley Exploration Permian, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T06:35:12.211355+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Riley Permian to acquire Silverback for $142M; Q1 net income $29M

## Summary
- Acquired Silverback Exploration II for ~$142M cash, adding 5 MBoe/d production and 300+ undeveloped locations in Eddy County, NM; expected close early Q3 2025.
- Q1 2025 net income $29M ($1.36 diluted EPS), revenue $102M; adjusted EBITDAX $71M; production 24.4 MBoe/d (15.6 MBbls/d oil).
- Revised 2025 standalone guidance: upstream capex midpoint cut 50%, production midpoint down 3%; combined with Silverback, total investing up 5% vs standalone.
- Reduced total debt by $21M in Q1; debt-to-adjusted EBITDAX ratio 0.9x; liquidity $310M as of March 31, 2025.
- Declared Q1 cash dividend of $0.38 per share, paid $8M total.

## SEC filing metadata
- accession: 0001001614-25-000025
- form_type: 8-K
- ticker: REPX
- cik: 0001001614
- company_name: Riley Exploration Permian, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000025/0001001614-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000025/repx-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001614-25-000025
- JSON: https://secwatch.observer/filing/0001001614-25-000025.json
- Plain text: https://secwatch.observer/filing/0001001614-25-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.