Riley Exploration Permian reported second quarter 2026 revenue of $165.9 million and adjusted EPS of $1.54, beating consensus estimates of $128.4 million and $1.53, respectively. The results were driven by stronger-than-expected production volumes, which came in despite temporary well shut-ins during the quarter. Following the strong performance, the company raised its full-year 2026 guidance for oil production and capital expenditures.
Key Highlights
- Total equivalent production for the second quarter was 34.3 thousand barrels of oil equivalent per day (MBoe/d), well above analyst expectations.
- The company generated $6 million in Total Free Cash Flow and reported Adjusted EBITDAX of $80 million.
- Riley Permian revised its full-year 2026 guidance, increasing its forecast for oil production to a range of 22.5 - 23.5 MBbls/d and total capital expenditures to $230 - $242 million.
- Operational disruptions from a third-party facility outage reduced second quarter production by an estimated 1.9 MBbls/d.