Riley Exploration Permian Inc (AMEX:REPX)

Q1 2026 Riley Exploration Permian Inc Earnings Call Transcript

May 7, 2026 / 02:00 PM GMT

Release Date Price: $34.23 (+2.42%)

Transcript 10-Q8-K

Key Points

Positve

Riley Exploration Permian Inc (REPX) exceeded production expectations, delivering results above the high end of guidance while spending less than the low end of capital guidance.
The company reduced debt by $8 million and returned $12 million to shareholders through dividends and share repurchases.
Riley Exploration Permian Inc (REPX) forecasts a 30% production growth for the full year, with a potential 10% year-over-year growth in 2027 with only a 5% increase in CapEx.
The company is making significant progress on infrastructure projects, including the high-pressure trunk line in New Mexico, which is on track for a Q3 commercial operations date.
Operational efficiencies have been achieved, with drilling and completion execution improving, helping to offset service cost inflation.

Negative

Gas and NGL revenues were negative, reducing total net revenue by 9% due to structural gas egress constraints and seasonal midstream maintenance.
The company reported a net loss of $70 million on a GAAP basis, driven by a $127 million loss on derivatives, most of which was unrealized.
Operating costs and production taxes increased by $2 million, contributing to a decline in adjusted EBITDACs by $5 million quarter-over-quarter.
There is a risk of timing issues around the completion of the Targa Gas Pipeline project, which could impact production outlook in the second half of 2026.
Despite improvements, LOE per BOE increased slightly quarter-over-quarter due to elective workovers and inflationary pressures on service prices.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

REPX.A - Riley Exploration Permian Inc
Q1 2026 Riley Exploration Permian Inc Earnings Call
May 07, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to Riley Exploration Permian's First Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the formal presentation, there will be an opportunity to ask questions. To ask a question, please press *1. Please note that this conference is being recorded. It is now my pleasure to introduce your host, Phillip Riley, our Chief Financial Officer.

You may begin.

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Unidentified_2 [2]
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Good morning. Welcome to our conference call covering our first quarter 2026

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