Headquartered in Oklahoma City, OK Fiscal year ends December NYSE MKT: REPX rileypermian.com
Riley Exploration Permian, Inc. (NYSE American: REPX) is an upstream oil and natural gas company that develops and produces oil, natural gas and NGLs in the Permian Basin of Texas and New Mexico. It also pursues infrastructure projects that complement its operations. Production is oil-weighted, at about 25.4 MBbls/d of oil within 42.0 MBoe/d total in Q3 2026. Texas currently provides the majority of volumes and all new wells turned to sales in 2026. The company expanded in New Mexico through the July 2025 acquisition of Silverback Exploration II, LLC. Its Red Lake asset targets the Blinebry and Paddock formations, and the company is evaluating the shallower San Andres formation, with development planned for Q2 2027. Revenue comes from oil, natural gas and NGL sales, reported net of gathering, processing and transportation costs. The company relies on third-party midstream partners, including a Targa gas gathering and trunkline system and a 15-year Waterbridge produced-water agreement in New Mexico. It holds an equity investment in the power-focused joint venture RPC Power. It hedges commodity and interest-rate exposure with swaps and collars, funds operations through a revolving credit facility, and pays a quarterly dividend. Updated
Revenue climbed 88% year over year, beating estimates, with the $0.11 per share GAAP loss stemming entirely from a derivative hit. Management raised the dividend to $0.42 and guided Q4 oil output higher still.
Warren Buffett boosts his stake in this tracking stock again, plus a huge media deal, highlight notable insider buying in the past week.
Riley Exploration Permian, Inc. (NYSE American: REPX) is an upstream oil and natural gas company that develops and produces oil, natural gas and NGLs in the Permian Basin of Texas and New Mexico. It also pursues infrastructure projects that complement its operations.
The Wall Street consensus 12-month price target for REPX is $56.00.
