Riley Exploration Permian Q1 revenue rises but posts net loss

Riley Exploration Permian

06/05/2026 22:04

Overview

U.S. oil and gas producer's Q1 revenue rose yr/yr, but company posted net loss

Production exceeded guidance, but cash flow was tempered by lower gas and NGL prices

Company reduced debt by $8 mln and repurchased 152,000 shares for $4 mln

Outlook

Riley Permian expects Q2 2026 oil production of 20.7-21.3 MBbls/d and total output of 35-37 MBoe/d

Company sees full-year 2026 oil output of 22-23 MBbls/d and total production of 37.5-39.5 MBoe/d

Riley Permian guides 2026 capital expenditures at $200-220 mln and total investments at $207-228 mln

Result Drivers

PRODUCTION ABOVE GUIDANCE - Co said Q1 production exceeded guidance, driven by operational execution in Texas and New Mexico

REGIONAL PRICING PRESSURE - Realized gas and NGL prices were negatively impacted by regional pipeline constraints and lower benchmark pricing

DERIVATIVE LOSSES - Large net loss driven by $127 mln net loss on derivatives, including $115 mln non-cash loss from fair value changes

Company press release: ID:nPn79dzwKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Oil & Gas Sales
$113.88 mln
Q1 Adjusted EBITDAX
$60.93 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Riley Exploration Permian Inc is $49.50, about 34.3% above its May 5 closing price of $36.85

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)