Riley Exploration Permian, Inc. — fact timeline

Riley Exploration Permian, Inc. shareholders approved Amendment and restatement of 2021 Long Term Incentive Plan at the 2026-05-12 meeting.

“PROPOSAL #4 – AMENDMENT AND RESTATEMENT OF 2021 LONG TERM INCENTIVE PLAN The amendment and restatement of the Riley Exploration Permian, Inc. Amended and Restated 2021 Long Term Incentive Plan was approved. The voting results were as follows: Number of Shares Voted For Voted Against Abstentions Broker Nonvotes Approval of Amendment and Restatement of the Riley Exploration Permian, Inc. Amended and Restated 2021 Long Term Incentive Plan 11,927,676 3,427,837 20,610 1,832,263”

Riley Exploration Permian, Inc. shareholders approved Advisory approval of compensation of Named Executive Officers at the 2026-05-12 meeting.

“PROPOSAL #3 – ADVISORY APPROVAL OF EXECUTIVE COMPENSATION The advisory approval of the compensation of our Named Executive Officers was approved. The voting results were as follows: Number of Shares Voted For Voted Against Abstentions Broker Nonvotes Advisory Approval of Compensation of our Named Executive Officers 14,974,754 376,548 24,821 1,832,263”

Riley Exploration Permian, Inc. shareholders approved Ratification of appointment of BDO USA, P.C. as independent registered public accounting firm for 2026 at the 2026-05-12 meeting.

“PROPOSAL #2 - RATIFICATION OF AUDITORS The ratification of the appointment of BDO USA, P.C. as Riley Permian's independent registered public accounting firm for 2026 was approved. The voting results were as follows: Number of Shares Voted For Voted Against Abstentions Broker Nonvotes Ratification of Appointment of BDO USA, P.C. as Riley Permian's Independent Registered Public Accounting Firm 17,109,342 84,778 14,266 -”

Riley Exploration Permian, Inc. shareholders approved Election of seven directors to serve until 2027 Annual Meeting at the 2026-05-12 meeting.

“PROPOSAL #1 - ELECTION OF DIRECTORS All seven (7) director nominees were elected to serve a one-year term until the 2027 Annual Meeting of Stockholders and until their respective successors are elected. The voting results were as follows: Number of Shares Voted For Withheld Broker Nonvotes Brent Arriaga 15,243,926 132,197 1,832,263 Rebecca L. Bayless 14,727,565 648,558 1,832,263 Beth A. di Santo 15,064,611 311,512 1,832,263 Bryan H. Lawrence 14,239,408 1,136,715 1,832,263 E. Wayne Nordberg 15,263,937 112,186 1,832,263 Bobby D. Riley 15,267,736 108,387 1,832,263 Bobby Saadati 15,338,941 37,182 1,832,263”

Riley Exploration Permian, Inc. reported the first quarter ended March 31, 2026 results: revenue $114 million, net income net loss was $70 million, or $(3.38) per diluted share, EPS $(3.38) per diluted share.

“Revenues totaled $114 million, operating income was $44 million, operating cash flow was $47 million and net loss was $70 million, or $(3.38) per diluted share.”

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).

“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.”

Riley Exploration Permian, Inc. entered into Purchase Agreement with Targa Northern Delaware LLC valued at approximately $111 million (effective 2025-12-03).

“On December 3, 2025 (the “Closing Date”), Riley Exploration - Permian, LLC. (“REP LLC”), a wholly-owned subsidiary of Riley Exploration Permian, Inc. (“REPX,” together with REP LLC, hereinafter referred to as the “Company”), entered into a purchase and sale agreement (the “Purchase Agreement”) with Targa Northern Delaware LLC (“Buyer”), 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”

Riley Exploration Permian, Inc. completed an acquisition involving Silverback Legacy, LLC and Silverback Blocker, LLC for approximately $142 million, subject to customary purchase price adjustments, plus quarterly earnout payments of up to $1,875,000 per fiscal quarter during calen (closed 2025-07-01).

“agreement (the “Purchase Agreement”) dated May 3, 2025 with Silverback Legacy, LLC and Silverback Blocker, LLC, which provided for an aggregate purchase price of approximately $142 million, subject to customary purchase price adjustments, plus quarterly earnout payments of up to $1,875,000 per fiscal quarter during calendar years 2026 and 2027 if the NYMEX WTI”

Jeffrey M. Gutman was appointed as Chief Accounting Officer at Riley Exploration Permian, Inc..

“the Company announced the appointment of Jeffrey M. Gutman as Chief Accounting Officer effective as of the Resignation Date.”

Amber Bonney resigned as Chief Accounting Officer at Riley Exploration Permian, Inc..

“Amber Bonney, the Company’s Chief Accounting Officer, resigned effective as of June 1, 2024”

John Suter was appointed as Chief Operating Officer at Riley Exploration Permian, Inc..

“appointed Mr. John Suter as COO with a starting date on or about June 20, 2024.”

Riley Exploration Permian, Inc. shareholders approved Advisory approval of the compensation of named executive officers at the 2024-05-10 meeting.

“PROPOSAL #3 - ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION The advisory approval of the compensation of our Named Executive Officers was approved. The voting results were as follows: Number of Shares Voted For Withheld Abstentions Broker Non Votes Advisory Approval of the Compensation of our Named Executive Officers 13,852,274 587,337 190,142 —”

Riley Exploration Permian, Inc. shareholders approved Ratification of the appointment of BDO USA, P.C. as independent registered public accounting firm for 2024 at the 2024-05-10 meeting.

“PROPOSAL #2 - RATIFICATION OF AUDITORS The ratification of the appointment of BDO USA, P.C. as Riley Permian's independent registered public accounting firm for 2024 was approved. The voting results were as follows: Number of Shares Voted For Withheld Abstentions Broker Non Votes Ratification of Appointment of BDO USA, P.C. as Riley Permian’s Independent Registered Public Accounting Firm 14,613,736 13,056 2,961 —”

Riley Exploration Permian, Inc. shareholders approved Election of six directors at the 2024-05-10 meeting.

“PROPOSAL #1 - ELECTION OF DIRECTORS All six (6) directors nominees were elected to serve a one-year term until the 2025 Annual Meeting of Stockholders and until their respective successors are elected.”

Riley Exploration Permian, Inc. reported the first quarter ended March 31, 2024 results: revenue $100 million, net income $19 million, EPS $0.94 per diluted share.

“First quarter 2024 revenues totaled $100 million, net cash provided by operating activities (including changes in working capital) was $56 million and net income was $19 million, or $0.94 per diluted share.”

Corey Riley changed role as Chief Information Officer and Chief Compliance Officer at Riley Exploration Permian, Inc..

“Corey Riley, formerly the Company’s Executive Vice President – Business Intelligence, became the Company’s Chief Information Officer and Chief Compliance Officer.”

Jeffrey M. Gutman was appointed as Chief Accounting Officer at Riley Exploration Permian, Inc..

“The Company approved the appointment of Jeffrey M. Gutman as the Chief Accounting Officer on April 26, 2024 with an effective date of June 1, 2024.”

Amber Bonney resigned as Chief Accounting Officer at Riley Exploration Permian, Inc..

“Amber Bonney, the Chief Accounting Officer of Riley Exploration Permian, Inc. (the “Company”) informed the Company of her resignation to be effective June 1, 2024.”

Riley Exploration Permian, Inc. entered into Underwriting Agreement with Bluescape Riley Exploration Holdings LLC, Yorktown Energy Partners VIII, L.P. and Riley Exploration Group, LLC (the Selling Stockholders), and Truist Securities, Inc. and Roth Capital Partners, LLC, as representatives of the several underwriters (effective 2024-04-03).

“On April 3, 2024, Riley Exploration Permian, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Bluescape Riley Exploration Holdings LLC, Yorktown Energy Partners VIII, L.P. and Riley Exploration Group, LLC (collectively, the “Selling Stockholders”), and Truist Securities, Inc. and Roth Capital Partners, LLC, as representatives of the other several underwriters listed in Schedule A to the Underwriting Agreement (collectively, the “Underwriters”), relating to a public offering of an aggregate of 2,100,000 shares of the Company’s common stock”

Riley Exploration Permian, Inc. updated its fourth quarter and year ended December 31, 2023 guidance (reaffirmed).

“On March 6, 2024 , Riley Exploration Permian, Inc. (the “Company”) announced its financial condition and results of operations for the fourth quarter and year ended December 31, 2023.”

Bobby D. Riley changed role as President at Riley Exploration Permian, Inc..

“Bobby D. Riley, the Company’s Chief Executive Officer and Chairman of our Board of Directors, will assume the role of President of the Company, effective as of the Resignation Date.”

Kevin Riley resigned as President at Riley Exploration Permian, Inc..

“On December 21, 2023, Riley Exploration Permian, Inc. (the “Company”) announced that Kevin Riley, the Company’s President, will be resigning effective December 31, 2023”

Riley Exploration Permian, Inc. reported financial results for for the third quarter ended September 30, 2023.

“On November 7, 2023 , Riley Exploration Permian, Inc. (the “Company”) announced its financial condition and results of operations for the third quarter ended September 30, 2023.”

Riley Exploration Permian, Inc. entered into Equity Distribution Agreement with Truist Securities, Inc., Janney Montgomery Scott LLC, and Roth Capital Partners, LLC valued at up to $50,000,000 (effective 2023-09-01).

“On September 1, 2023, Riley Exploration Permian, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Sales Agreement”) with Truist Securities, Inc., Janney Montgomery Scott LLC, and Roth Capital Partners, LLC, as sales agents (the “Agents”), pursuant to which the Company may offer and sell from time to time up to $50,000,000 of shares of the Company’s common stock”

Riley Exploration Permian, Inc. reported the second quarter ended June 30, 2023 results: revenue $ 99,312, net income $33 million, EPS $1.65 per diluted share. Guidance lowered.

“Three Months Ended Six Months Ended June 30, 2023 March 31, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Select Financial Data (in thousands): Oil and natural gas sales, net $ 99,312 $ 66,412 $ 87,781 $ 165,724 $ 154,426 Net income $ 33,068 $ 31,851 $ 38,555 $ 64,919 $ 31,387 Adjusted EBITDAX (1) $ 66,265 $ 43,508 $ 44,797 $ 109,773 $ 79,280 Production Data,”

Riley Exploration Permian, Inc. reported the first quarter ended March 31, 2023 results: revenue $66,412, net income $32 million, or $1.60 per diluted share, EPS $1.60 per diluted share.

“Operating and Financial Data (Unaudited) Three Months Ended March 31, 2023 December 31, 2022 March 31, 2022 Select Financial Data (in thousands): Oil and natural gas sales, net $ 66,412 $ 77,446 $ 66,645 Net income (loss) $ 31,851 $ 26,807 $ (7,168) Adjusted EBITDAX (1) $ 43,508 $ 45,876 $ 34,439 Production Data, net: Oil (MBbls) 893 916 675 Natural gas (MMcf)”

Riley Exploration Permian, Inc. shareholders approved Amendment and Restatement of 2021 Long Term Incentive Plan at the 2023-04-21 meeting.

“The amendment and restatement of Riley Permian’s 2021 Long Term Incentive Plan was approved. The voting results were as follows: Number of Shares Voted For Voted Against Abstentions Broker Nonvotes Approval of Amendment and Restatement of Riley Permian’s 2021 Long Term Incentive Plan 12,230,466 317,102 8,401 6,347,268”

Riley Exploration Permian, Inc. shareholders approved Ratification of the appointment of BDO USA, LLP as independent registered public accounting firm for 2023 at the 2023-04-21 meeting.

“The ratification of the appointment of BDO USA, LLP as Riley Permian's independent registered public accounting firm for 2023 was approved. The voting results were as follows: Number of Shares Voted For Voted Against Abstentions Broker Nonvotes Ratification of Appointment of BDO USA, LLP as Riley Permian's Independent Registered Public Accounting Firm 18,888,745 11,336 3,156 -”

Riley Exploration Permian, Inc. shareholders approved Election of six directors to serve until the 2024 Annual Meeting at the 2023-04-21 meeting.

“All six (6) directors nominees were elected to serve a one-year term until the 2024 Annual Meeting of Stockholders and until their respective successors are elected. The voting results were as follows: Number of Shares Voted For Voted Against Abstentions Broker Nonvotes Brent Arriaga 12,287,558 - 268,411 6,347,268 Rebecca L. Bayless 12,228,420 - 327,549 6,347,268 Beth di Santo 12,179,863 - 376,106 6,347,268 Bryan H. Lawrence 12,492,270 - 63,699 6,347,268 E. Wayne Nordberg 12,287,455 - 268,514 6,347,268 Bobby D.Riley 12,481,543 - 74,426 6,347,268”

Riley Exploration Permian, Inc. completed an acquisition involving Pecos Oil & Gas, LLC for $330 million (closed 2023-04-03).

“On April 3, 2023 (the “Closing Date”), Riley Exploration - Permian, LLC. (“REP LLC”), a wholly-owned subsidiary of Riley Exploration Permian, Inc. (“REPX,” together with REP LLC, hereinafter referred to as the “Company”), completed its previously announced acquisition of oil and natural gas assets (the “New Mexico Acquisition”) from Pecos Oil & Gas, LLC (“Pecos”), a Delaware limited liability company and an affiliate of Cibolo Energy Partners LLC. The aggregate purchase price of the New Mexico Acquisition is $330 million, subject to customary purchase price adjustments pursuant to the purchase and sale agreement (the “Purchase Agreement”), and was funded through a combination of borrowings under the Company's revolving credit facility and proceeds from the issuance of $200 million of unsecured senior notes.”

Riley Exploration Permian, Inc. amended credit facility of $1.0 billion with Truist Bank.

“On the Closing Date, the Company entered into the fourteenth amendment (the “Fourteenth Amendment”) to the credit facility dated September 28, 2017 (the “Credit Facility”) with Truist Bank, as Administrative Agent, and the lenders party thereto. The Fourteenth Amendment to the Credit Facility increased the maximum facility amount to $1.0 billion and increased the borrowing base to $325 million.”

Riley Exploration Permian, Inc. incurred senior notes of $200 million at 10.50% maturing due 2028.

“On the Closing Date, the Company (as “Issuer”) completed its issuance of $200 million aggregate principal amount of 10.50% Senior Unsecured Notes due 2028 (the “Senior Notes”)”

Riley Exploration Permian, Inc. amended Fourteenth Amendment to Credit Facility with Truist Bank valued at Increased borrowing base to $325 million and maximum facility amount to $1.0 billion (effective 2023-04-03).

“On the Closing Date, the Company entered into the fourteenth amendment (the “Fourteenth Amendment”) to the credit facility dated September 28, 2017 (the “Credit Facility”) with Truist Bank, as Administrative Agent, and the lenders party thereto.”

Riley Exploration Permian, Inc. entered into Note Purchase Agreement with Pecos Oil & Gas, LLC valued at $200 million aggregate principal amount 10.50% Senior Unsecured Notes due 2028 (effective 2023-04-03).

“On the Closing Date, the Company (as “Issuer”) completed its issuance of $200 million aggregate principal amount of 10.50% Senior Unsecured Notes due 2028 (the “Senior Notes”) pursuant to a note purchase agreement (the “Note Purchase Agreement”), which the Senior Notes were issued at a 6% discount.”

Riley Exploration Permian, Inc. entered into Purchase Agreement with Pecos Oil & Gas, LLC valued at $330 million (effective 2023-04-03).

“On April 3, 2023 (the “Closing Date”), Riley Exploration - Permian, LLC. (“REP LLC”), a wholly-owned subsidiary of Riley Exploration Permian, Inc. (“REPX,” together with REP LLC, hereinafter referred to as the “Company”), completed its previously announced acquisition of oil and natural gas assets (the “New Mexico Acquisition”) from Pecos Oil & Gas, LLC (“Pecos”), a Delaware limited liability company and an affiliate of Cibolo Energy Partners LLC.”

Riley Exploration Permian, Inc. updated its the fourth quarter and year ended December 31, 2022 guidance (reaffirmed).

“On March 8, 2023, Riley Exploration Permian, Inc. (the “Company”) announced its financial condition and results of operations for the fourth quarter and year ended December 31, 2022.”

Riley Exploration Permian, Inc. amended Amendment with Truist Bank, as Administrative Agent, and the lenders party thereto valued at amendment to credit facility dated September 28, 2017 (effective 2023-02-22).

“On February 22, 2023, the Company entered into the thirteenth amendment (the “Amendment”) to the credit facility dated September 28, 2017 (the “Credit Facility”) with Truist Bank, as Administrative Agent, and the lenders party thereto.”

Riley Exploration Permian, Inc. entered into Commitment Letter with EOC Partners Advisors L.P. and/or one of its affiliates valued at $200 million (effective 2023-02-22).

“In connection with the Purchase Agreement, the Company entered into a commitment letter dated February 22, 2023 (the “Commitment Letter”) with EOC Partners Advisors L.P. and/or one of its affiliates (collectively, “EOC”) in which EOC and/or one of its affiliates will purchase $200 million of unsecured senior notes (“Senior Notes”) from the Company on the closing date of the NM Acquisition.”

Riley Exploration Permian, Inc. entered into Purchase Agreement with Pecos Oil & Gas, LLC valued at approximately $330 million (effective 2023-02-22).

“On February 22, 2023, Riley Exploration - Permian, LLC. (“REP LLC”), wholly-owned subsidiary of Riley Exploration Permian, Inc., (“REPX,” together with REP LLC, hereinafter referred to as the “Company”) entered into a purchase and sale agreement (the “Purchase Agreement”) with Pecos Oil & Gas, LLC, a Delaware limited liability company and an affiliate of Cibolo Energy Partners LLC, to acquire oil and natural gas assets located primarily in the Yeso trend of the Permian Basin in Eddy County of New Mexico for an aggregate purchase price of approximately $330 million, subject to customary purchase price adjustments, (the “NM Acquisition”).”

Riley Exploration Permian, Inc. reported third quarter ended September 30, 2022 results: net income 60 million.

“Reported net income of $60 million, which includes $35 million of non-cash gain on derivative contracts and income from operations of $59 million”

Rebecca L. Bayless was appointed as Independent Director at Riley Exploration Permian, Inc..

“appointed Rebecca L. Bayless as an independent member to fill the newly-created directorship.”

Philip Riley was appointed as Chief Financial Officer at Riley Exploration Permian, Inc..

“Effective as of September 1, 2021, Mr. Philip Riley was appointed as Chief Financial Officer of the Company.”

Michael J. Rugen resigned as Director at Riley Exploration Permian, Inc..

“Effective as of September 1, 2021 (the “Separation Date”), Mr. Michael J. Rugen has resigned as Chief Financial Officer and as a director of Riley Exploration Permian, Inc. (the "Company").”

Michael J. Rugen resigned as Chief Financial Officer at Riley Exploration Permian, Inc..

“Effective as of September 1, 2021 (the “Separation Date”), Mr. Michael J. Rugen has resigned as Chief Financial Officer and as a director of Riley Exploration Permian, Inc. (the "Company").”