Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Q3 2026 Earnings Presentation
17 slides from Riley Exploration Permian's earnings presentation, Nov 5, 2026
Slide 1: 3Q'26 Investor Presentation
3Q’26 Investor Presentation November 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This presentation contains projections and other forward-looking statements within the meaning of federal securities laws. These projections and statements reflect Riley Exploration Permian, Inc.’s (“Riley Permian”) current views with respect to
Slide 3: Riley Permian Overview
Riley Permian Overview Riley Permian is a growth-oriented upstream company operating in the Northwest Shelf of Texas and New Mexico, with infrastructure projects that complement our operations Riley Permian by the Numbers Applying modern horizontal drilling and ~$1.3 B ~$1.1 B ~400 19% completion te
Slide 4: Riley Permian Asset Overview
Riley Permian Asset Overview Riley Permian operates in the Northwest Shelf of the Permian Basin in Yoakum County, TX and Eddy County, NM NEW MEXICO Champions Field – Yoakum County, TX Primary Formation Target: ▪ San Andres Yoakum Co. Northwest Shelf Net Acres (% HBP)(1): ▪ ~31,000 Net Acres (88% HBP
Slide 5: San Andres Activity Supports Potential Additional Red Lake Inventory
San Andres Activity Supports Potential Additional Red Lake Inventory San Andres Development Opportunity San Andres Development Activity ▪ Multiple industry San Andres horizontal wells traverse the REPX footprint with active Eddy industry permits showing continued momentum County ▪ Internal Riley Per
Slide 6: Riley Permian Has a Deep, High-Value Inventory Base
Riley Permian Has a Deep, High-Value Inventory Base Riley Permian wells benefit from high production rates, shallow declines and low well costs OilProduction Oil ProductionRates RatesOver overTime Time (1) Cumulative Oil Prod. Over Time(1) Net Locations by DROI(2)(3) Bbls/d per 1,000’ of Lateral Len
Slide 7: Scaling the Business While Limiting Dilution and Reducing Debt
Scaling the Business While Limiting Dilution and Reducing Debt Oil Production (MBbls/d) Adjusted EBITDAX ($MM)(1) Shares Outstanding (MM)(2) Total Debt ($MM)(3) (1) A non-GAAP financial measure as defined and reconciled in the supplemental financial tables available on the Company’s website at www.r
Slide 8: Track Record of Returning Capital to Shareholders
Track Record of Returning Capital to Shareholders 1 History of paying a fixed dividend every quarter as a public company ▪ Track record of raising dividend annually ▪ 3.5% current dividend yield 2 Share Repurchases ▪ Announced $100MM share repurchase authorization in December 2025 3 Debt Reduction ▪
Slide 9: 3Q'26 and Recent Highlights
3Q’26 and Recent Highlights Key Results 3Q’26 Completion activity and wells turned to sales focused in TX in 3Q’26 Total Daily Production 42.0 ▪ Texas: 4.1 net wells drilled, 6.5 net wells completed and 11.9 net wells turned to sales MBoe/d ▪ New Mexico: 4.5 net wells drilled, 1.4 net wells complete
Slide 10: 4Q'26 Guidance
4Q’26 Guidance Q4 2026 Metric Guidance Activity and Production Net Operated Well Activity Drilled # 13 - 17 Completed # 13 - 17 Turned to Sales # 14 - 18 Non-Operated, Net # 0-1 Net Production Oil MBbls/d 25.5 - 26.5 Total Equivalent MBoe/d 42.5 - 43.5 Capital Expenditures and Investments(1) Upstrea
Slide 11: Continuation of Growth into 2027
Continuation of Growth into 2027 Illustrative Company Estimates at $70 to $90 WTI Quarterly Oil Production (MBbls/d) Quarterly Accrual Capex ($MM) $90 WTI $90 WTI Illustrative Illustrative Production Capex Range Range $70 WTI $70 WTI Note: Forecasted metrics based on management estimates and 4Q’26 g
Slide 12: 4Q'26 and Full-Year 2027 Oil Price Sensitivities
4Q’26 and Full-Year 2027 Oil Price Sensitivities Illustrative Company Estimates at $70 to $90 WTI Quarterly Adjusted EBITDAX ($MM) Last Twelve Months (LTM) Adjusted EBITDAX ($MM) $90 WTI $90 WTI Illustrative Illustrative EBITDAX LTM EBITDAX Range Range $70 WTI $70 WTI Note: Forecasted metrics based
Slide 13: Multiple Catalysts to Drive Continued Value Creation
Multiple Catalysts to Drive Continued Value Creation Converting undeveloped inventory into producing volumes, accelerating cash flow and value Differentiated Growth realization Improved Infrastructure Reduced New Mexico infrastructure constraints supporting increased development activity Backdrop Ad
Slide 14: Appendix
Appendix 14
Slide 15: Capitalization and Debt Maturity Profile
Capitalization and Debt Maturity Profile REPX Capitalization and Leverage Debt Maturity Profile(4) $MM $450MM Elected MM, except share price Commitments RBL utilization Total Common Stock Outstanding (11/2/26)(1) 22.1 RBL availability Share Price (11/2/26) $47.66 $205 Market Capitalization $1,054 Pl
Slide 16: Equity Ownership and Research Analyst Coverage
Equity Ownership and Research Analyst Coverage Equity Ownership Research Analyst Coverage Daniel Steffens Energy Prospectus [email protected] Sergey Pigarev Freedom Broker [email protected] Nick Pope Roth Capital [email protected] Derrick Whitfield Texas Capital derrick.whitfield@texascapi
Slide 17: Hedging Summary Positions as of 11/2/26
Hedging Summary Positions as of 11/2/26 2026 2027 2028 4Q 1Q 2Q 3Q 4Q 1Q 2Q Crude Oil (WTI) Fixed Swap - Volumes MBbls 820 725 690 630 605 330 - Weighted Average Price $/Bbl $61.42 $61.48 $62.72 $61.38 $61.62 $70.18 - Collar - Volumes MBbls 550 475 537 530 465 270 90 Weighted Average Floor Price $/B
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