Riley Exploration Permian, Inc. Earnings Recaps
Q2 2026
Aug 8, 2026
Shares rose 3.7% following Riley Exploration Permian’s second quarter results, driven by an upward revision to full-year production guidance and operational execution improvements despite midstream constraints that limited near-term upside.
Key takeaways
- Q2 oil production approached the high end of guidance, with a June exit rate of 24,400 barrels per day reflecting underlying momentum.
- Full-year oil production guidance was increased to approximately 30% year-over-year growth, with expectations for a more than 20% sequential jump in Q3.
- Operational activity was the most active in company history, with 19.9 wells drilled and 13.9 turned to sales, supported by record drilling efficiencies including a 19% improvement in lateral footage per day.
- Higher capital spend of $87 million, above infrastructure guidance due to accelerated development and pre-funded costs, partly related to delays in third-party infrastructure impacting well turn-ins.
- Operating expenses rose $5.4 million sequentially, largely due to $2.3 million of workover spend that added about 700 barrels per day, offsetting cost pressures in inputs through operational efficiencies and vendor optimizations.