earnings
confidence high
sentiment positive
materiality 0.75
Riley Permian Q2 net income $87M, raises 2026 oil production guidance to 22.5-23.5 MBbls/d
Riley Exploration Permian, Inc.
- Q2 net income $87M ($4.11 diluted EPS); Adjusted EBITDAX $80M; revenue $166M.
- Total production 34.3 MBoe/d (oil 21.2 MBbls/d); realized oil price $94.28/bbl before derivatives.
- New Mexico outage cut ~1.9 MBbls/d; Targa pipeline expected Q4 2026 to ease constraints.
- Raised 2026 oil production guidance to 22.5-23.5 MBbls/d (30% YoY growth); Q3 oil guided 25.1-26.1 MBbls/d.
- Total capex guidance raised to $230-242M; debt $273M, leverage 1.0x; dividend $0.40/share.