Riley Exploration Permian

Q2 FY2026 EarningsQ2 FY2026 results significantly beat consensus across most financial metrics, headlined by revenue of $165.9M vs. $157.4M expected and GAAP EPS of $4.11 vs. $1.64 expected. Although operational disruptions in New Mexico reduced production by 1.9 MBbls/d, oil production of 21.2 MBbls/d still tracked toward the high end of previous guidance. The massive EPS beat was primarily driven by a $69M non-cash derivative gain, while FY2026 oil production guidance was revised upward to ~30% YoY growth.