Riley Exploration Permian Q2 revenue $85 mln, net income $30 mln

Overview

• Riley Exploration Permian 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

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 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

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