---
schema_version: "secwatch.filing_event.v1"
accession: "0001001614-25-000069"
form_type: "8-K"
ticker: "REPX"
cik: "0001001614"
company_name: "Riley Exploration Permian, Inc."
filed_at: "2025-12-30T23:59:59+00:00"
generated_at: "2026-05-16T11:57:18.178216+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Riley Exploration Permian closes ~$121M midstream sale to Targa; debt cut by $103M

## Summary
- Total cash consideration ~$121M ($111M for midstream interests + $10M for compressor assets + $1.4M reimbursement).
- Net cash proceeds of ~$120.3M after costs; used to repay ~$103M of Credit Facility debt.
- Eligible for up to $60M earnout over five years based on volume thresholds at the sold midstream assets.
- Pro forma EPS rises to $3.75 (diluted) for 9M 2025 and $7.07 for FY2024, reflecting gain on sale and lower interest.

## SEC filing metadata
- accession: 0001001614-25-000069
- form_type: 8-K
- ticker: REPX
- cik: 0001001614
- company_name: Riley Exploration Permian, Inc.
- filed_at: 2025-12-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000069/0001001614-25-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000069/repx-20251224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001614-25-000069
- JSON: https://secwatch.observer/filing/0001001614-25-000069.json
- Plain text: https://secwatch.observer/filing/0001001614-25-000069.txt

## Source-grounded claims
- claim_id: 0cd76ec408019bb1eab28aaa17a61a2450fcb845
  claim: Riley Exploration Permian, Inc. completed a disposition involving Targa Northern Delaware LLC for aggregate cash purchase price of approximately $111 million for the membership interests and approximately $10 million plus reimbursement of $1.4 million for co (closed 2025-12-24).
  evidence_excerpt: pursuant to which the Company sold to Buyer all of the membership interests in Dovetail Midstream, LLC, a wholly owned subsidiary of the Company that holds certain midstream infrastructure projects in Eddy County, New Mexico, for an aggregate cash purchase price of approximately $111 million, subject to customary purchase price adjustments (the “Midstream Sale”). The Midstream Sale also provided for the sale by the Company to Buyer of certain compressor station assets for an aggregate cash purchase price of approximately $10 million plus reimbursement of $1.4 million of capital improvements at a subsequent closing date (the “Second Closing”), subject to the satisfaction of certain closing conditions. The initial closing of the Midstream Sale took place on December 3, 2025, and the Second Closing occurred on December 24, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001614/000100161425000069/0001001614-25-000069-index.htm

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