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Riley Exploration Permian ( (REPX) ) just unveiled an update.
On December 3, 2025, Riley Exploration Permian, through its wholly owned subsidiary Riley Exploration – Permian, LLC, completed the sale of all membership interests in its midstream subsidiary Dovetail Midstream, LLC and related midstream infrastructure in Eddy County, New Mexico, to Targa Northern Delaware LLC for approximately $111 million in cash, subject to customary adjustments, with a second closing on December 24, 2025 for additional compressor station assets for about $10 million plus $1.4 million in reimbursed capital improvements. The company has provided unaudited pro forma condensed consolidated financial statements showing the impact of the transaction, including derecognition of the divested midstream assets, recognition of the resulting gain under applicable accounting guidance, and application of sale proceeds to pay down its revolving credit facility, illustrating a shift toward a more streamlined balance sheet and a more focused upstream portfolio.
The most recent analyst rating on (REPX) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Riley Exploration Permian stock, see the REPX Stock Forecast page.
Spark’s Take on REPX Stock
According to Spark, TipRanks’ AI Analyst, REPX is a Outperform.
Riley Exploration Permian’s overall stock score of 78 reflects strong financial performance and attractive valuation, supported by strategic corporate actions. While technical indicators suggest caution, the company’s robust earnings call and corporate events highlight its potential for growth and shareholder returns.
To see Spark’s full report on REPX stock, click here.
More about Riley Exploration Permian
Riley Exploration Permian, Inc. is an oil and gas company focused on exploration and production in the Permian Basin, with midstream infrastructure previously supporting its upstream operations in regions such as Eddy County, New Mexico.
Average Trading Volume: 133,288
Technical Sentiment Signal: Hold
Current Market Cap: $570.8M
For an in-depth examination of REPX stock, go to TipRanks’ Overview page.