Riley Permian delivered a solid third quarter in 2025, marked by disciplined execution and strategic progress. The company successfully closed the Silverback acquisition, which contributed to increased production and reduced costs. This, combined with effective development and capital planning, generated significant free cash flow year-to-date, leading to a 5% increase in the quarterly dividend.

Riley Permian demonstrated solid overall performance in Q2 2025 despite a challenging oil market and regional operating environment, generating significant free cash flow for the first half of the year. The company adjusted its development activity and capital budget in response to lower oil prices and closed the Silverback acquisition in July, significantly increasing its regional footprint.

Riley Permian delivered a capital-efficient quarter with strong performance, generating substantial Total Free Cash Flow and reducing debt. The company also announced an agreement to acquire Silverback Exploration for $142 million in cash, adding significant undeveloped locations and production.

Riley Exploration Permian reported Q4 2024 revenue of $103 million, reflecting steady oil and gas production growth. Net income was $11 million, or $0.52 per share, while Adjusted Net Income reached $20 million, or $0.96 per share. The company generated $66 million in operating cash flow and $18 million in free cash flow. Capital expenditures totaled $31 million, with $20 million allocated to upstream development.

Riley Exploration Permian reported Q3 2024 financial results, including revenues of $102.3 million, net income of $25.7 million, and adjusted EBITDAX of $71.7 million. The company averaged 23.4 MBoe/d of total equivalent production, with oil production of 15.5 MBbls/d. Riley Permian reduced debt by $35 million and generated $37.8 million in free cash flow.

Riley Exploration Permian reported revenues of $105.4 million and net income of $33.5 million, with average total equivalent production of 21.3 MBoe/d and oil production of 14.7 MBbls/d. The company generated $51.6 million in operating cash flow and $38.3 million in free cash flow, while reducing debt by $20.0 million and raising $25.4 million from an equity offering.

Riley Exploration Permian reported first quarter 2024 results, highlighting a strong operational and financial performance. The company achieved an average total equivalent production of 20.4 MBoe/d, with oil production at 14.2 MBbls/d. Key financial results include revenues of $100 million, net income of $19 million, and adjusted EBITDAX of $70 million. The company also reduced its debt by $15 million and paid dividends of $0.36 per share.

Riley Exploration Permian reported strong operational and financial performance for Q4 2023, with total revenues of $100 million and net income of $38 million, or $1.90 per diluted share. The company averaged 19.9 MBoe/d of total equivalent production and generated $66 million of operating cash flow. They also reduced debt by $30 million and paid dividends of $0.36 per share.

Riley Exploration Permian reported financial and operating results for the third quarter ended September 30, 2023. The company averaged oil production of 14.0 MBbls/d and total equivalent production of 19.9 MBoe/d. They generated $53 million of operating cash flow and $31 million of free cash flow. The company reduced debt outstanding by $10 million.

Riley Exploration Permian reported a successful second quarter with record-high metrics in production and cash flow, driven by the acquisition of New Mexico assets and continued execution of legacy assets. Net income was $33 million, and adjusted EBITDAX was $66 million. Production exceeded guidance, while capital expenditures were below guidance.

Riley Exploration Permian reported a net income of $32 million and Adjusted EBITDAX of $44 million for Q1 2023. The company's oil production averaged 9.9 MBbls/d, a 32% increase year-over-year, driven by organic growth. A transformative acquisition of oil and natural gas assets in New Mexico was closed in April.

Riley Exploration Permian reported a net income of $27 million, or $1.37 per share, for Q4 2022. The company's oil production averaged 10.0 MBbls/d, exceeding guidance, and Adjusted EBITDAX was $46 million.

Riley Exploration Permian reported a net income of $60 million, including a $35 million non-cash gain on derivative contracts, and an operating income of $59 million. The company's oil production averaged 9.4 MBbls per day, exceeding guidance and representing a 36% year-over-year increase. Adjusted EBITDAX was $51 million, and operating cash flow was $55 million, representing increases of 14% and 25%, respectively, over the prior quarter.

Riley Permian reported a strong fiscal quarter with increased total production by 31% and net income of $21.4 million. The company delivered production at the high-end of guidance and improved overall margins. Significant progress was made on the EOR pilot project, with water injection planned for the second quarter and CO2 injection scheduled for later in the summer.

Riley Permian reported a strong fiscal fourth quarter with a net income of $15.7 million and Adjusted EBITDAX of $24.5 million. The company increased production by 35% to 9.6 MBoe per day and realized a Cash Margin of $39.08 per Boe before derivative settlements.

Riley Exploration Permian reported a net loss of $21.5 million, but increased total net equivalent production by 35% compared to the same period in 2020. The company generated Adjusted EBITDAX of $22.5 million and realized a Cash Margin of $35.11/Boe before derivative settlements. They also completed a $47 million net capital raise in July 2021 to accelerate their Enhanced Oil Recovery program.

Riley Exploration Permian reported a net loss of $48.5 million for the second quarter of 2021, but adjusted net income was $8.6 million. The company's oil production averaged 6.0 MBbls per day and equivalent production averaged 8.3 MBoe per day. They exited the quarter with $10.1 million in cash.

Tengasco announced its Q3 2020 financial results, reporting a net loss of $813,000, or $0.08 per share. Revenues decreased to $765,000 compared to $1.2 million in Q3 2019, primarily due to lower oil prices and sales volumes. The company also announced a merger agreement with Riley Exploration-Permian, LLC.