Overview

* Riley Exploration Permian ( REPX ) Q2 revenue totaled $85 mln, with net income of $30 mln

* Company closed Silverback acquisition for $142 mln, expanding regional footprint

* Average oil production was 15.2 MBbls/d

Outlook

* Company expects Q3 2025 production at 29.8-30.6 MBoe/d

* Riley Permian forecasts Q4 2025 production at 30.3-31.6 MBoe/d

* Company updates full-year 2025 production guidance to 27.0-28.0 MBoe/d

* Riley Permian adjusts capital expenditures for increased drilling in H2 2025

Result Drivers

* INFRASTRUCTURE CONSTRAINTS - Production impacted by infrastructure constraints in Permian Basin, according to CEO Bobby Riley

* OIL PRICE IMPACT - Lower oil prices led to reduced development activity and capital budget adjustments

* SILVERBACK ACQUISITION - Acquisition of Silverback Exploration II, LLC completed, expanding regional footprint and potential for future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Oil & $85.39

Gas mln

Sales

Q2 $59.34

Adjusted mln

EBITDAX

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 ( REPX ) is $55.00, about 53% above its August 5 closing price of $25.87

* The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

(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.)