Riley Exploration Permian (REPX) Company Report

Riley Exploration Permian, Inc. (REPX) completed the sale of its wholly-owned subsidiary, Dovetail Midstream, LLC, to Targa Northern Delaware LLC for an aggregate cash purchase price of approximately $111 million on December 3, 2025.
The Company retains the right to earn up to an additional $60 million in cash payments contingent on achieving certain volume-based performance thresholds over a five-year period.
Proceeds from the transaction will be used to reduce borrowings on REPX's credit facility and cover associated income taxes and transaction costs.
A subsequent sale of certain compressor station assets for approximately $10 million is anticipated by the first quarter of 2026.
This divestiture allows REPX to focus its capital and expertise on upstream assets and eliminates future capital spending obligations for midstream system expansion.

Dec 4, 2025, 1:10 PM

Riley Permian Announces Sale of New Mexico Midstream Project

REPX

M&A

New Projects/Investments

Riley Exploration Permian, Inc. (REPX) sold its wholly-owned subsidiary, Dovetail Midstream, LLC, to Targa Northern Delaware LLC for an aggregate cash purchase price of approximately $111 million.
The Company also has the right to earn up to an additional $60 million in cash payments contingent on achieving certain volume-based performance thresholds over a five-year period.
Proceeds from the transaction will be used to reduce borrowings on the Company's credit facility and to pay income taxes and transaction costs.
This sale allows Riley Permian to focus its expertise and capital on the development of its upstream assets by removing future capital spending obligations associated with expanding the midstream system.

Dec 4, 2025, 1:00 PM

Riley Permian Reports Strong Q3 2025 Results, Raises Production Guidance, and Increases Dividend

REPX

Earnings

Guidance Update

Dividends

Riley Permian reported strong Q3 2025 results, with oil production increasing 21% quarter-over-quarter to 18.4 MBbls/d and total production reaching 32.3 MBoe/d. The company generated $54MM of CFFO and $64MM of Adjusted EBITDAX.
The company raised its 4Q25 oil production guidance midpoint by 4% to 19.2 MBbls/d and its full-year 2025 oil production guidance midpoint by 2% to 17.1 MBbls/d, while maintaining its full-year 2025 Upstream accrual capex guidance midpoint at $92MM.
Riley Permian increased its quarterly dividend by 5% to $0.40 per share in November 2025, allocating 34% of LTM Total FCF to direct shareholder return. The company also closed the Silverback acquisition on July 1, 2025, and invested $31.4MM in its New Mexico Gas Midstream Project as of September 30, 2025.
As of September 30, 2025, the company reported $191MM in liquidity and a 1.3x LTM leverage.

Nov 6, 2025, 3:00 PM

Riley Permian Reports Third Quarter 2025 Results and Raises Production Guidance

REPX

Earnings

Guidance Update

M&A

Riley Exploration Permian, Inc. reported revenues of $107 million, net income of $16 million, and diluted EPS of $0.77 for Q3 2025.
The company generated $64 million of operating cash flow and $25 million of Total Free Cash Flow in Q3 2025, with average total equivalent production of 32.3 MBoe/d.
Riley Permian closed the acquisition of Silverback Exploration II, LLC for $120 million in cash plus $3.1 million in contingent consideration.
The annual dividend was increased by 5% to $0.40 per share in October 2025, and full-year oil production guidance was raised by 2% at the midpoint.

Nov 5, 2025, 9:32 PM

Riley Permian Reports Third Quarter 2025 Results

REPX

Earnings

Guidance Update

M&A

Riley Permian reported net income of $16 million, or $0.77 per diluted share, on $107 million in revenues for the third quarter ended September 30, 2025.
The company generated $25 million of Total Free Cash Flow and achieved average total equivalent production of 32.3 MBoe/d (oil production of 18.4 MBbls/d) during Q3 2025.
Riley Permian completed the acquisition of Silverback Exploration II, LLC for $120 million in cash plus $3.1 million in contingent consideration.
The company increased its annual dividend by 5% to $0.40 per share in October 2025 and updated its full-year oil production guidance by 2% at the midpoint, while maintaining full-year total capital expenditures and investments guidance.

Nov 5, 2025, 9:30 PM

Riley Permian Increases Dividend and Schedules Q3 2025 Earnings Release

REPX

Dividends

Earnings

Riley Exploration Permian, Inc. (REPX) announced its Board of Directors approved a cash dividend of $0.40 per share, marking a 5% increase from the previous $0.38 per share.
This dividend is payable on November 6, 2025, to stockholders of record as of October 21, 2025.
The company is scheduled to release its third-quarter financial and operating results on November 5, 2025, after the U.S. financial markets close.
Management will host a conference call to discuss these results on November 6, 2025, at 9:00 a.m. CT.