Riley Permian Cuts Debt by $120M, Authorizes $100M Buyback After Q4 Results
Riley Permian’s Q4 2025 net income was $85 M, operating cash flow $65 M, Adjusted EBITDAX $66 M, as it cut debt by $120 M and approved a $100 M share repurchase. It forecasts 2026 production of 35–37 MBoe/d (21–22 MBbls/d oil) with $190–210 M of capital spending.
1. Q4 2025 Financial and Operating Results
Riley Permian averaged 35.5 MBoe/d in Q4, with oil at 20.1 MBbls/d, generating $65 M operating cash flow, $85 M net income ($4.02/share), and $66 M Adjusted EBITDAX. It incurred $50 M in accrued capital expenditures and achieved $1 M total free cash flow.
2. Balance Sheet Strengthening and Capital Returns
In Q4 it reduced debt by $120 M, lowering its debt-to-EBITDAX ratio to 1.0x, sold its Dovetail Midstream subsidiary for $123 M plus up to $60 M contingent, and authorized a $100 M share repurchase program to return capital to shareholders.
3. 2026 Production and Investment Guidance
For full-year 2026, the company targets production of 35.0–37.0 MBoe/d (21.0–22.0 MBbls/d oil) and plans $190–210 M of activity-based capital expenditures focused on upstream development.