Riley Exploration Permian is trading 5% up at $35.97 after its August 5, 2026 second-quarter report showed adjusted earnings of $4.11 per share versus a $1.37 estimate.
- Revenue was $165.85 million versus $159.3 million expected.
- Management raised full-year oil-production guidance to approximately 30% year-over-year growth.
- Higher oil prices linked to Strait of Hormuz uncertainty are providing additional sector support.