Dividends & Buybacks ·
Riley Permian increases quarterly dividend by 5% to $0.42 per share and amends credit facility
REPXRiley Exploration Permian, Inc.
Riley Exploration Permian announced a 5% increase in its quarterly cash dividend to $0.42 per share, payable November 11, 2026, following third-quarter results that showed oil production rising 38% year-over-year to 25.4 MBbls/d and operating cash flow growing 75% quarter-over-quarter to $111 million. The company also entered into an amended and restated credit agreement with Truist Bank that increases the borrowing base and elected commitments to $450 million, extends maturity to October 2030, and reduces hedging tenor requirements. Additionally, Riley Permian voluntarily prepaid its remaining $130 million in unsecured senior notes using borrowings under the new credit facility. The company operates upstream oil and natural gas assets in Texas and New Mexico.