Riley Exploration Permian Inc (REPX) financial statements: income statement, balance sheet and cash flow

Riley Exploration Permian Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Riley Exploration Permian Inc reported revenue of $392.0M (-4.4% year on year) and net income of $209.0M (+78.6% year on year).

Income statement

Riley Exploration Permian Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Total Revenues	$392.0M	$410.2M	$375.0M	$321.7M
Lease operating expenses	$87.5M	$71.5M	$58.8M	$32.5M
Production and ad valorem taxes	$29.1M	$29.4M	$25.6M	$19.3M
Exploration costs	$361.0K	$2.6M	$4.2M	$2.0M
Depletion, depreciation, amortization and accretion	$93.2M	$74.9M	$65.1M	$32.1M
Impairment of oil and natural gas properties	$1.2M	$11.3M	$9.8M	$7.3M
Other impairments	$1.6M	$30.2M	—	—
Administrative costs	$31.5M	$26.6M	$26.6M	$18.5M
Stock-based compensation expense	$9.1M	$8.1M	$6.8M	$3.4M
Cost of contract services - related parties	$0	$363.0K	$579.0K	$450.0K
Transaction costs	$5.2M	$1.6M	$5.8M	$2.6M
Total Costs and Expenses	$258.7M	$256.5M	$203.2M	$118.2M
Income from Operations	$133.3M	$153.7M	$171.9M	$203.5M
Interest expense, net	($31.4M)	($34.3M)	($31.8M)	($1.1M)
Gain (loss) on derivatives, net	$36.3M	($1.7M)	$6.2M	($51.6M)
Loss from equity method investment	($886.0K)	($721.0K)	($218.0K)	—
Gain on midstream sale	$71.7M	—	—	—
Total Other Income (Expense)	$75.7M	($36.7M)	($25.8M)	($52.7M)
Net Income from Operations Before Income Taxes	$209.0M	$117.0M	$146.1M	$150.9M
Income tax expense	($48.1M)	($28.1M)	($34.5M)	($32.8M)
Net income	$160.8M	$88.9M	$111.6M	$118.0M
Basic (USD per Share)	$7.61	$4.29	$5.66	$6.04
Diluted (USD per Share)	$7.59	$4.26	$5.58	$5.99
Basic (in Shares)	21.1M	20.7M	19.7M	19.6M
Diluted (in Shares)	21.2M	20.9M	20.0M	19.7M

Riley Exploration Permian Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Total Revenues	$165.8M	$113.9M	$106.9M	$85.4M
Lease operating expenses	$29.4M	$24.1M	$26.9M	$18.9M
Production and ad valorem taxes	$11.4M	$9.0M	$8.3M	$6.1M
Exploration costs	$466.0K	$967.0K	$217.0K	$47.0K
Depletion, depreciation, amortization and accretion	$24.7M	$25.7M	$27.2M	$19.6M
Impairment of oil and natural gas properties	$0	—	$0	$1.2M
Administrative costs	$8.7M	$8.1M	$9.9M	$6.2M
Stock-based compensation expense	$3.9M	$2.3M	$2.7M	$2.7M
Transaction costs	$0	—	$2.8M	$1.9M
Total Costs and Expenses	$78.6M	$70.2M	$78.0M	$56.6M
Income from Operations	$87.2M	$43.7M	$28.9M	$28.8M
Interest expense, net	($6.8M)	($6.4M)	($9.6M)	($7.2M)
Gain (loss) on derivatives, net	$33.2M	($127.0M)	$1.9M	$18.7M
Income (loss) from equity method investment	$45.0K	($368.0K)	($19.0K)	($129.0K)
Gain (loss) on acquisitions and divestitures, net	$961.0K	($2.7M)	—	—
Total Other Income (Expense)	$27.5M	($136.4M)	($7.7M)	$11.4M
Net Income from Operations before Income Taxes	$114.7M	($92.7M)	$21.2M	$40.2M
Income tax expense	($27.3M)	$22.3M	($4.8M)	($9.7M)
Net Income	$87.4M	($70.4M)	$16.3M	$30.5M
Basic (USD per Share)	$4.17	-$3.38	$0.77	$1.44
Diluted (USD per Share)	$4.11	-$3.38	$0.77	$1.44
Basic (in Shares)	20.9M	20.9M	21.2M	21.1M
Diluted (in Shares)	21.3M	20.9M	21.3M	21.2M

Balance sheet

Riley Exploration Permian Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash	$17.9M	$13.1M	—	—
Accounts receivable, net	$41.0M	$44.4M	$35.1M	$25.6M
Prepaid expenses	$7.8M	$1.6M	$1.6M	—
Inventory	$7.9M	$5.7M	$6.2M	$8.9M
Current derivative assets	$19.1M	$3.3M	$5.0M	$20.0K
Total Current Assets	$93.8M	$68.1M	$63.3M	$51.0M
Oil and natural gas properties, net (successful efforts)	$995.5M	$860.8M	$846.9M	$440.1M
Other property and equipment, net	$21.9M	$30.5M	$20.7M	$20.0M
Non-current derivative assets	$5.1M	$585.0K	$2.3M	$0
Equity method investment	$36.2M	$22.8M	—	—
Funds held in escrow	$1.2M	—	—	—
Other non-current assets, net	$15.9M	$10.7M	$12.6M	$4.2M
Total Assets	$1.2B	$993.5M	$945.7M	$515.3M
Accounts payable	$5.1M	$13.9M	$3.9M	$3.9M
Accrued liabilities	$37.7M	$33.9M	$33.2M	$35.6M
Revenue payable	$59.6M	$34.8M	$30.7M	$17.8M
Current derivative liabilities	$37.0K	$0	$360.0K	$16.5M
Current portion of long-term debt	$20.0M	$20.0M	$20.0M	—
Other current liabilities	$34.1M	$20.1M	$6.3M	$2.2M
Total Current Liabilities	$156.5M	$122.8M	$94.3M	$76.3M
Non-current derivative liabilities	$112.0K	$414.0K	$0	$12.0K
Asset retirement obligations	$60.0M	$32.7M	$19.3M	$2.7M
Long-term debt	$227.9M	$249.5M	$336.0M	$56.0M
Deferred tax liabilities	$86.1M	$76.5M	$73.3M	$45.8M
Other non-current liabilities	$4.8M	$961.0K	$1.2M	$1.1M
Total Liabilities	$535.3M	$482.9M	$524.1M	$181.8M
Preferred stock, $0.0001 par value, 25,000,000 shares authorized; 0 shares issued	0	0	0	0
Common stock, $0.001 par value, 240,000,000 shares authorized; 21,718,800 and 21,482,555 shares issued at December 31, 2025 and December 31, 2024, respectively	22.0K	21.0K	20.0K	20.0K
Additional paid-in capital	$306.7M	$310.2M	$279.1M	$274.6M
Retained earnings	$327.6M	$200.4M	$142.5M	$58.8M
Total Shareholders' Equity	$634.2M	$510.6M	$421.6M	$333.4M
Total Liabilities and Shareholders' Equity	$1.2B	$993.5M	$945.7M	$515.3M

Riley Exploration Permian Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash	$20.7M	$15.8M	$16.5M	$14.0M
Receivables from oil, natural gas and NGL sales	$69.2M	—	—	—
Prepaid expenses	$5.4M	$2.7M	$2.4M	$2.8M
Inventory	$9.0M	$7.9M	$8.9M	$3.7M
Current derivative assets	$10.0K	$0	$10.6M	$11.2M
Total Current Assets	$104.3M	$83.1M	$79.4M	$67.0M
Oil and natural gas properties, net (successful efforts)	$1.1B	$1.0B	$1.0B	$867.2M
Other property and equipment, net	$23.2M	$22.8M	$46.4M	$40.7M
Non-current derivative assets	$3.2M	$1.4M	$481.0K	$0
Equity method investment	$42.4M	$39.8M	$37.3M	$28.8M
Funds held in escrow	$1.2M	$1.2M	$1.2M	$14.2M
Other non-current assets, net	$13.4M	$13.7M	$24.0M	$15.6M
Total Assets	$1.3B	$1.2B	$1.2B	$1.0B
Accounts payable	$33.2M	$22.7M	$12.2M	$9.2M
Accrued liabilities	$54.5M	$44.4M	$30.8M	$31.2M
Revenue payable	$77.9M	$57.2M	$52.9M	$32.8M
Current derivative liabilities	$22.1M	$77.9M	—	$12.0K
Current portion of long-term debt	$20.0M	$20.0M	$20.0M	$20.0M
Other current liabilities	$24.3M	$41.4M	$11.4M	$11.5M
Total Current Liabilities	$232.0M	$263.7M	$127.3M	$104.8M
Non-current derivative liabilities	$2.9M	$14.6M	$321.0K	$1.1M
Asset retirement obligations	$59.6M	$59.4M	$59.1M	$33.6M
Long-term debt	$247.5M	$220.7M	$347.0M	$255.2M
Deferred tax liabilities	$91.0M	$62.8M	$85.9M	$79.6M
Other non-current liabilities	$4.1M	$5.5M	$5.1M	$2.4M
Total Liabilities	$637.1M	$626.6M	$624.8M	$476.7M
Preferred stock, $0.0001 par value, 25,000,000 shares authorized; 0 shares issued	0	0	0	0
Common stock, $0.001 par value, 240,000,000 shares authorized; 22,173,260 and 21,718,800 shares issued at June 30, 2026 and December 31, 2025, respectively	22.0K	22.0K	22.0K	22.0K
Additional paid-in capital	$306.1M	$304.9M	$315.5M	$313.9M
Retained earnings	$327.2M	$248.5M	$250.9M	$243.0M
Total Shareholders' Equity	$633.4M	$553.4M	$566.5M	$556.9M
Total Liabilities and Shareholders' Equity	$1.3B	$1.2B	$1.2B	$1.0B

Cash flow statement

Riley Exploration Permian Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$160.8M	$88.9M	$111.6M	$118.0M
Exploratory well costs and lease expirations	$300.0K	$2.6M	$4.1M	$2.0M
Depletion, depreciation, amortization and accretion	$93.2M	$74.9M	$65.1M	$32.1M
Impairment of oil and natural gas properties	$1.2M	$11.3M	$9.8M	$7.3M
Other impairments	$1.6M	$28.9M	—	—
(Gain) loss on derivatives, net	($36.3M)	$1.7M	($6.2M)	$51.6M
Settlements on derivative contracts	$16.6M	$1.8M	($17.2M)	($75.3M)
Amortization of deferred financing costs and discount	$4.8M	$5.3M	$4.2M	—
Stock-based compensation expense	$9.1M	$8.1M	$7.0M	$3.9M
Deferred income tax expense	$11.4M	$3.2M	$27.6M	$28.4M
Loss from equity method investment	$886.0K	$721.0K	—	—
Gain on midstream sale	($71.7M)	—	—	—
Other	$2.0K	$0	$193.0K	—
Accounts receivable, net	$12.4M	($9.3M)	($9.6M)	($7.5M)
Prepaid expenses	($290.0K)	($53.0K)	($717.0K)	($997.0K)
Inventory	$274.0K	$1.5M	($546.0K)	—
Other non-current assets, net	($3.4M)	($994.0K)	($1.2M)	—
Accounts payable and accrued liabilities	($3.7M)	$9.9M	$3.2M	$2.9M
Revenue payable	$10.7M	$4.0M	$11.5M	$6.4M
Other current liabilities	$4.7M	$13.8M	($1.5M)	$666.0K
Net Cash Provided by Operating Activities	$212.5M	$246.3M	$207.2M	—
Additions to oil and natural gas properties	($89.6M)	($98.5M)	($134.8M)	($111.7M)
Additions to midstream property and equipment	($36.7M)	($11.0M)	—	—
Additions to other property and equipment	($1.6M)	($875.0K)	($1.1M)	($1.3M)
Net assets acquired in business combination	($117.7M)	$0	($324.7M)	—
Acquisitions of oil and natural gas properties	($2.2M)	($19.6M)	($5.4M)	$0
Acquisitions of land	($1.3M)	—	$0	($15.3M)
Disposition of midstream property and equipment	$120.2M	—	—	—
Contributions to equity method investment	($15.8M)	($17.9M)	($3.6M)	—
Funds held in escrow	($1.2M)	—	—	—
Net Cash Used in Investing Activities	($145.8M)	($147.8M)	($469.6M)	—
Deferred financing costs	($432.0K)	($2.8M)	($7.4M)	($1.9M)
Proceeds from Credit Facility	$155.0M	$15.0M	$185.0M	$22.0M
Repayments under Credit Facility	($160.0M)	($85.0M)	($56.0M)	($31.0M)
Proceeds from Senior Notes, net of issuance costs	$0	$0	$188.0M	—
Repayments of Senior Notes	($20.0M)	($20.0M)	($15.0M)	—
Payment of cash dividends	($33.3M)	($30.8M)	($27.7M)	($25.1M)
Proceeds from issuance of common shares, net	0	25.4M	2.0K	—
Repurchase of common shares for tax withholding and other	-3.2M	-2.4M	-2.5M	-1.0M
Net Cash Provided by (Used in) Financing Activities	($62.0M)	($100.6M)	$264.4M	($37.0M)
Net Increase (Decrease) in Cash and Cash Equivalents	$4.8M	($2.2M)	$2.0M	$5.0M
Cash, Beginning of Year	$13.1M	$15.3M	$13.3M	$8.3M
Cash, End of Year	$17.9M	$13.1M	—	—
Interest, net of capitalized interest	$28.2M	$31.6M	$27.1M	$1.7M
Income taxes, net of refunds	$20.6M	$18.1M	$9.9M	$3.6M

Riley Exploration Permian Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$16.9M	($70.4M)	$75.4M	$59.1M
Exploratory well costs and lease expirations	$1.4M	$913.0K	$212.0K	$10.0K
Depletion, depreciation, amortization and accretion	$50.4M	$25.7M	$65.9M	$38.7M
Impairment of oil and natural gas properties	$0	—	$1.2M	$1.2M
(Gain) loss on derivatives, net	$93.7M	$127.0M	($14.8M)	($12.9M)
Settlements on derivative contracts	($47.9M)	($11.7M)	$8.5M	$6.3M
Amortization of deferred financing costs and discount	$2.4M	$1.2M	$3.6M	$2.4M
Stock-based compensation expense	$6.2M	$2.3M	$6.7M	$4.1M
Deferred income tax expense	$4.9M	($23.3M)	$9.4M	$3.0M
Loss from equity method investment	$323.0K	$368.0K	$267.0K	$248.0K
Loss on acquisitions and divestitures, net	$858.0K	$2.7M	—	—
Other	$0	$0	($8.0K)	($8.0K)
Accounts receivable, net	($29.6M)	($17.1M)	$12.1M	$9.1M
Prepaid expenses	($3.4M)	($627.0K)	($541.0K)	($1.3M)
Inventory	($2.2M)	($1.1M)	($1.8M)	($2.0M)
Other non-current assets, net	$185.0K	$502.0K	($1.3M)	($1.2M)
Accounts payable and accrued liabilities	$13.3M	$10.7M	($5.3M)	($10.2M)
Revenue payable	$18.2M	($2.4M)	$3.7M	($2.0M)
Other current liabilities	($15.1M)	$2.5M	($15.6M)	($10.6M)
Net Cash Provided by Operating Activities	$110.7M	$47.2M	$147.7M	$84.0M
Additions to oil and natural gas properties	($96.9M)	($29.6M)	($55.2M)	($40.9M)
Additions to midstream property and equipment	($1.4M)	($1.1M)	($20.4M)	($6.3M)
Additions to other property and equipment	($1.2M)	($560.0K)	($1.2M)	($636.0K)
Acquisitions of oil and natural gas properties	($4.8M)	($2.2M)	($2.2M)	($2.1M)
Acquisitions of land	($548.0K)	($544.0K)	—	—
Proceeds from divestitures	$8.2M	$7.6M	—	—
Contributions to equity method investment	($6.5M)	($4.0M)	($14.8M)	($6.3M)
Distributions from equity method investment	$1.5M	$1.5M	—	—
Funds held in escrow	$0	—	($1.2M)	($14.2M)
Net Cash Used in Investing Activities	($101.7M)	($28.8M)	($212.8M)	($70.5M)
Deferred financing costs	($108.0K)	($26.0K)	($243.0K)	($164.0K)
Proceeds from Credit Facility	$77.0M	$8.0M	$155.0M	$30.0M
Repayments under Credit Facility	($49.0M)	($11.0M)	($45.0M)	($16.0M)
Repayments of Senior Notes	($10.0M)	($5.0M)	($15.0M)	($10.0M)
Payment of earnout liability	($310.0K)	—	—	—
Payment of cash dividends	($17.0M)	($8.4M)	—	—
Repurchase of common shares	-4.9M	-4.0M	—	—
Repurchase of common shares for tax withholding and other	-1.9M	-13.0K	-1.4M	-377.0K
Net Cash Used in Financing Activities	($6.2M)	($20.4M)	$68.5M	($12.7M)
Net Increase in Cash	$2.8M	($2.1M)	$3.3M	$902.0K
Cash, Beginning of Period	$17.9M	$17.9M	$13.1M	$13.1M
Cash, End of Period	$20.7M	$15.8M	$16.5M	$14.0M
Interest, net of capitalized interest	$11.3M	$5.5M	$21.1M	$11.2M
Income taxes	$24.2M	$10.0M	$16.2M	$14.8M
Changes in capital expenditures in accounts payable and accrued liabilities	$31.5M	$13.5M	($1.8M)	$2.6M

Riley Exploration Permian Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.