Recent Updates — REPX

On October 5, 2026, Riley Exploration Permian voluntarily prepaid in full its outstanding $130.0 million of 10.50% Senior Unsecured Notes due 2028 at par plus accrued interest. The company funded the prepayment by borrowing $130 million under its existing Credit Agreement with Truist Bank, leaving aggregate indebtedness substantially unchanged. Following this transaction, total borrowings outstanding under the Credit Agreement increased to $245 million against a borrowing base of $425 million. The company expects to recognize a non-cash loss on debt extinguishment related to unamortized costs. Riley Exploration Permian operates in the oil and gas industry, focusing on exploration and production.

Riley Exploration Permian reported second quarter 2026 results with net income of $87 million ($4.11 per diluted share) on revenues of $166 million. Average oil production reached 21.2 MBbls/d, while total equivalent production was 34.3 MBoe/d. The company generated $64 million in operating cash flow and incurred $87 million in accrual capital expenditures. Management revised full-year 2026 guidance upward, projecting oil production of 22.5-23.5 MBbls/d and total capital expenditures of $230-$242 million. The company paid a quarterly cash dividend of $0.40 per share.