Riley Permian Reports 2025 Results and Provides 2026 Guidance

Core Insights - Riley Exploration Permian, Inc. reported significant financial and operational results for 2025, highlighting a transformational year with strategic initiatives aimed at inventory expansion, infrastructure buildout, and balance sheet improvement [1][2]. Financial Highlights - Fourth quarter 2025 revenues totaled $97 million, with a net income of $85 million, or $4.02 per diluted share [1][2]. - Full-year 2025 revenues reached $392 million, with a net income of $161 million, or $7.59 per diluted share [2]. - The company generated $213 million of operating cash flow and $81 million of total free cash flow for the year [1][2]. - A stock repurchase program was authorized for up to $100 million of outstanding shares [1]. Operational Performance - The company averaged 35.5 MBoe/d of total equivalent production in Q4 2025, with oil production at 20.1 MBbls/d [1]. - For the full year 2025, total equivalent production averaged 29.2 MBoe/d, with oil production at 17.3 MBbls/d [1][2]. - The company drilled 88 gross wells in Texas during Q4 2025, completing 55 of them [1]. Debt and Capital Expenditures - Riley Permian reduced its outstanding debt by $120 million, achieving a year-end debt-to-Adjusted EBITDAX ratio of 1.0x [1]. - Total accrued capital expenditures for 2025 were $120 million, with $83 million allocated for upstream activities [1][2]. Reserves and Future Guidance - Proved reserves as of December 31, 2025, were estimated at 147 MMBoe, a 19% increase from the previous year [2]. - The company provided guidance for 2026, projecting total production of 35.0 - 37.0 MBoe/d and capital expenditures of $190 - 210 million [1][2].