Riley Exploration Permian | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 165.85 M

Revenue: As of FY2026 Q2, the actual value is USD 165.85 M, beating the estimate of USD 157.35 M.

EPS: As of FY2026 Q2, the actual value is USD 4.11, beating the estimate of USD 1.635.

EBIT: As of FY2026 Q2, the actual value is USD 94 M.

Second Quarter 2026 Highlights

Financial Metrics

• Net Income: $87 million.
• Adjusted EBITDAX: $80 million.
• Operating Cash Flow: $64 million.
• Operating Cash Flow (before changes in working capital): $75 million.
• Total Free Cash Flow: $6 million.
• Total Accrual Capital Expenditures (before acquisitions): $87 million.
• Cash Capital Expenditures (before acquisitions): $68 million.
• Debt Increase: $26 million.
• Quarter-end Debt-to-Adjusted EBITDAX Ratio: 1.0x.

Second Quarter 2026 Financial Results

Revenue

• Total Revenues for the three months ended June 30, 2026: $166 million.
• Oil and Natural Gas Sales, Net for the three months ended June 30, 2026: $165,850 thousand.
• Oil and Natural Gas Sales, Net for the six months ended June 30, 2026: $279,731 thousand.

Operating Profit

• Operating Income for the three months ended June 30, 2026: $87 million.
• Income from Operations for the three months ended June 30, 2026: $87,232 thousand.
• Income from Operations for the six months ended June 30, 2026: $130,902 thousand.

Operational Costs

• Lease Operating Expense: $29 million, or $9.44 per Boe for the three months ended June 30, 2026.
• Administrative Costs: $9 million, or $2.80 per Boe for the three months ended June 30, 2026.
• Production and Ad Valorem Taxes: $11 million, or $3.67 per Boe for the three months ended June 30, 2026.
• Interest Expense, Net: - $7 million for the three months ended June 30, 2026.

Cash Flow

• Cash Flow from Operations for the three months ended June 30, 2026: $63,500 thousand.
• Cash Flow from Operations for the six months ended June 30, 2026: $110,676 thousand.
• Upstream Free Cash Flow for the three months ended June 30, 2026: $6,613 thousand.
• Total Free Cash Flow for the three months ended June 30, 2026: $6,257 thousand.
• Upstream Free Cash Flow for the six months ended June 30, 2026: $31,167 thousand.
• Total Free Cash Flow for the six months ended June 30, 2026: $29,757 thousand.

Capital Expenditures and Investments

• Total Accrued Capital Expenditures for the three months ended June 30, 2026: $87 million.
• Total Cash Capital Expenditures for the three months ended June 30, 2026: $68 million.
• Investment in Power-focused Joint Venture (RPC Power) for the three months ended June 30, 2026: $3 million.
• Upstream Accrual Capital Expenditures for the three months ended June 30, 2026: $86,599 thousand.
• Total Accrual Capital Expenditures for the three months ended June 30, 2026: $86,599 thousand.
• Upstream Cash Capital Expenditures for the three months ended June 30, 2026: $67,931 thousand.
• Total Cash Capital Expenditures for the three months ended June 30, 2026: $68,287 thousand.
• Upstream Accrual Capital Expenditures for the six months ended June 30, 2026: $133,686 thousand.
• Total Accrual Capital Expenditures for the six months ended June 30, 2026: $133,686 thousand.
• Upstream Cash Capital Expenditures for the six months ended June 30, 2026: $98,061 thousand.
• Total Cash Capital Expenditures for the six months ended June 30, 2026: $99,471 thousand.

Debt and Equity

• Borrowings Outstanding on Credit Facility as of June 30, 2026: $138 million.
• Principal Value of Senior Notes as of June 30, 2026: $135 million.
• Combined Principal Value of Debt as of June 30, 2026: $273 million.
• Shares Repurchased: 25 thousand shares at a weighted average price of $34.13 per share, totaling $1 million.
• Cash Dividend Paid: $0.40 per share, totaling $9 million.

Average Realized Prices (before derivative settlements)

• Oil: $94.28 per barrel for the three months ended June 30, 2026.
• Natural Gas: - $4.12 per Mcf for the three months ended June 30, 2026.
• NGLs: - $4.71 per barrel for the three months ended June 30, 2026.

Outlook / Guidance

Riley Exploration Permian, Inc. revised its full-year 2026 guidance, projecting approximately 30% year-over-year oil production growth and an increase in total capital expenditures and investments. The company expects third-quarter oil production to rise by over 20% sequentially, driving significant production growth through the remainder of 2026 and into 2027. For the third quarter of 2026, the company forecasts oil production between 25.1 and 26.1 MBbls/d and total capital expenditures between $53 and $65 million, with full-year 2026 oil production anticipated to be 22.5 to 23.5 MBbls/d and total capital expenditures between $230 and $242 million.