Riley Permian Q1 Production Hits 35.6 MBoe/d with $24 M Free Cash Flow
Riley Permian generated 35.6 MBoe/d of Q1 production (20.2 MBbls/d oil), delivering $47 million operating cash flow ($55 million before working capital) and $24 million free cash flow on $47 million of accrued capex. The Company cut debt by $8 million to a 1.0x debt/Adjusted EBITDAX ratio and repurchased 152 k shares for $4 million.
1. Q1 Operational Performance
Riley Permian produced 35.6 MBoe/d (20.2 MBbls/d oil) in Q1 2026, up from 24.4 MBoe/d a year earlier. The Company drilled 17 gross wells (15.6 net) and completed 13 gross (12.8 net) while turning eight wells to sales, driven by operations in Texas and New Mexico.
2. Cash Flow and Financial Results
Revenues reached $114 million, generating $47 million of operating cash flow ($55 million before working capital) and $24 million of free cash flow on $47 million of accrued capital expenditures. Adjusted EBITDAX was $61 million, but the Company reported a $70 million net loss due primarily to $127 million in combined realized and unrealized derivative losses.
3. Balance Sheet and Shareholder Returns
The Company reduced total debt by $8 million, achieving a 1.0x quarter-end debt-to-Adjusted EBITDAX ratio. Riley Permian repurchased 152,000 shares for $4 million and paid an $8 million cash dividend, underscoring its commitment to shareholder returns and financial flexibility.