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Riley Exploration Permian (REPX)
:REPX
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.08Last Year’s EPS
1.62Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational progress (notably production growth, New Mexico outperformance, cost reductions, a successful acquisition, debt reduction and a disciplined 2026 growth plan) and robust safety and liquidity metrics. Key near-term negatives included reduced drilling activity in 2025 (fewer wells turned), weak in‑basin gas and NGL realizations due to takeaway constraints, a material YoY decline in total free cash flow, and some expected near-term operating cost increases (water disposal). Management articulated flexibility—notably hedging, a conservative pace with short rig contracts, and a $200M CapEx plan emphasizing first‑half activity—mitigating some downside risk. Overall, the positives (production gains, efficiency and balance-sheet improvements, clear growth plan) outweigh the headwinds, but the company faces meaningful short‑term cash‑flow and gas‑price challenges.Company Guidance
Production Growth — Quarter and Full Year
Q4 oil production rose by ~1,700 bbl/d (+9% QoQ) and was up 26% vs. Q4 2024; full year 2025 oil production increased 15% YoY and total equivalent production rose 29% YoY.
New Mexico Outperformance
New Mexico oil production grew ~74% YoY (≈+2,500 bbl/d), and New Mexico's share of total company oil production increased from 23% in 2024 to 34% in 2025; growth achieved with only ~6.3 net wells turned to sales.
Successful Acquisition and Asset Optimization (Silverback)
Silverback acquisition (closed July) meaningfully expanded undeveloped inventory; Silverback produced at a 65% higher oil rate at year-end than internal expectations driven by workovers, artificial lift optimization and returns-to-production.
Significant Midstream Monetization and Liability Elimination
Sold interest in New Mexico midstream project to Targa for $123M cash plus $60M potential earnouts; transaction eliminates liabilities/future construction costs and provides flow assurance for New Mexico gas.
Balance Sheet and Capital Allocation Improvements
Debt reduced by $120M in Q4 to a $255M balance; credit facility utilization at 28% of a $400M borrowing base; trailing debt/EBITDAX leverage ~1.0x (0.9x pro forma). Authorized $100M buyback and repurchased ~152,000 shares at a weighted average $26.54.
Cost Reductions and Operating Efficiency
Core cash operating costs (LOE, production taxes, G&A ex-stock comp) decreased ~13% QoQ; LOE down 13% QoQ and 21% on $/BOE; G&A ex-stock comp down 20% QoQ. D&C cost per lateral foot decreased ~25% in Red Lake and ~15% in Texas YoY.
Profitability and Cash Flow Metrics
Adjusted EBITDAX rose 3% QoQ to $66M with margin expanding from 59% to 63%; cash flow from operations increased ~2% QoQ; converted 27% of operating cash flow into $17M upstream free cash flow and $1M total free cash flow in Q4 (note midstream sale impacts).
2026 Growth Plan and Hedging Position
Management forecasts >20% YoY oil volume growth for 2026 and plans to drill 46–53 gross wells (≈37–43% net). 2026 CapEx guidance ~$200M with >2/3 of spend in H1. As of March 2, ~70% of forecasted oil volumes at midpoint are hedged at a weighted-average downside of ~ $60/bbl, with ~36% structured as collars.
Operational Safety Performance
Achieved a total recordable incident rate (TRIR) of 0 for 2025 and 95% safe days (no recordables, vehicle accidents or spills >10 barrels).
Replacement of Inventory at Attractive Cost
Estimate replacing ~2/3 of 2025 completed locations via new land with an implied cost of < $300,000 per net undeveloped location, and management targets continuing the 'ground game' to replace drilling inventory going forward.
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 |
|---|---|---|---|
Mar 04, 2026 | $29.65 | $32.40 | +9.27% |
Nov 05, 2025 | $25.04 | $24.24 | -3.19% |
Aug 06, 2025 | $25.00 | $25.41 | +1.63% |
May 07, 2025 | $23.83 | $25.46 | +6.83% |
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 (REPX) report earnings?
Riley Exploration Permian (REPX) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Riley Exploration Permian (REPX) earnings time?
Riley Exploration Permian (REPX) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REPX EPS forecast?
REPX EPS forecast for the fiscal quarter 2026 (Q1) is 1.08.