Riley Exploration Permian Inc (REPX)
XASE:REPX
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.36Last Year’s EPS
1.02Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution (production above guidance, record drilling and completion efficiency), disciplined capital deployment (below-guidance spend, debt reduction, shareholder returns) and an upgraded growth outlook including 30% full-year production growth. Counterbalancing items include a GAAP net loss primarily from unrealized derivative mark-to-market losses, negative gas/NGL revenues (-$11M) from midstream constraints, and some inflationary cost pressures. Management highlighted optionality, pipeline-driven sequencing in New Mexico, and that many losses are unrealized and should reverse as production hedges roll into realized revenue.Company Guidance
Production Beat and Raised Full-Year Growth Guidance
Q1 production exceeded the high end of guidance: net oil averaged 20.2 M barrels per day and total equivalent production averaged 35.6 MBOE per day. Company raised full-year production midpoint to 22,500 bpd, representing 30% year-over-year growth and a 5% increase to full-year guidance midpoint.
Operational Activity and Efficiency Gains
Development activity ramped: drilled 15.6 net wells, started completions on 12.8 wells and turned 8 wells to sales in Q1. Drilling and completion performance set records (spud-to-TD 4.28 days; spud-to-rig-release 5.79 days; up to 1,456 lateral feet/day on 2-mile laterals) and demonstrated higher median lateral feet/day and tighter distribution.
Capital Discipline and Increased CapEx Optionality
Q1 total accrual CapEx $47M and cash CapEx $31M (cash was ~2/3 of accrual). Q1 spend was below guidance; company plans Q2 accrual CapEx of $80M and raised full-year accrual guidance by $10M (a 5% increase to a $210M midpoint). Management projects a ~65–70% CapEx reinvestment rate of operating cash flow at midpoint.
Strong Cash Generation and Balance Sheet Moves
Operating cash flow was $47M ($55M before working capital). With excess capital in Q1 the company reduced debt by $8M, paid $8.4M in dividends and repurchased $4M of stock (~$12.4M returned to shareholders), invested $4M in the Power JV ($2.5M net) and achieved $5M net benefit from small A&D activity.
Improved LOE and Year-over-Year Cost Reduction
LOE per BOE in Q1 was $7.51 (below guidance of $8–$9/BOE). While LOE was slightly up q/q due to elective workovers, it is down ~10% year-over-year compared with Q1 2025, reflecting operational efficiencies and vendor rebidding.
Power Projects Providing Gas Price Mitigation and Savings
ERCOT 10-MW site in final commissioning is already generating modest real-time revenue with commercial operations expected later in the month; second site in early commissioning. Behind-the-meter project at Champions is saving approximately $200,000 per month on avoided negative gas sales.
Commercial Optionality from New Mexico Pipeline and Earn-Out Potential
Targa high-pressure trunk line engineering progressing with construction planned upon final regulatory approval; upstream wells staged to turn in line upon pipeline arrival. Management expects first earn-out payment visibility early in 2027 and cited a $30M first earn-out target in H1 2027.
REPX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
REPX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $33.42 | $34.23 | +2.42% |
Mar 04, 2026 | $29.32 | $32.04 | +9.27% |
Nov 05, 2025 | $24.76 | $23.97 | -3.19% |
Aug 06, 2025 | $24.72 | $25.12 | +1.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Riley Exploration Permian Inc (REPX) report earnings?
Riley Exploration Permian Inc (REPX) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Riley Exploration Permian Inc (REPX) earnings time?
Riley Exploration Permian Inc (REPX) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is REPX EPS forecast?
REPX EPS forecast for the fiscal quarter 2026 (Q2) is 1.36.