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REPXBullishEarningsnews
High materiality7/10

Riley Permian Q3 2026: production growth, deleveraging, and San Andres upside

Nov 4, 2026, 4:44 PM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Strong quarterly growth, meaningful deleveraging, and a higher dividend support valuation. Near-term catalysts include Q4 guidance and San Andres development potential; positive balance-sheet actions reduce financial risk and may attract dividend-focused buyers.

AI summary

What happened, with direct paths to the underlying reporting

Riley Permian posted strong Q3 2026 results with oil output rising 20% QoQ to 25.4 MBbl/d and total production at 42.0 MBoe/d. Operating cash flow surged to $111m, with free cash flow at $42m, as stronger gas and NGL realizations boosted revenue. The company prepaid senior notes, expanded infrastructure in New Mexico, increased the quarterly dividend, and signaled 2027 San Andres development, supporting a constructive outlook.

  • Q3 2026 oil production up 20% QoQ to 25.4 MBbl/d; total 42.0 MBoe/d.
  • OCF up 75% QoQ to $111m; Total FCF $42m; debt down 10% to $245m.
  • Retired $130m Senior Notes; amended credit facility to $450m base, maturing 2030.
  • Dividend raised to $0.42/share; NM infrastructure upgrades advance (Targa, Waterbridge).
  • San Andres at Red Lake being evaluated; 2027 development planned; Q4 2026 guidance issued.

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