Filing Flows › Riley Exploration Permian (REPX) › Q1 2026
Riley Exploration Permian (REPX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Riley Exploration Permian (REPX) reported revenue of $114M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +17% from the quarter before. Operating margin was 38.3%, net loss $70.4M (61.8% of revenue).
Riley Exploration Permian, Q1 2026: revenue $114M (+11% year over year), operating margin 38.3%, net loss $70.4M, operating cash flow $47.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $114M | +17% | +11% |
| Operating profit | $43.7M | +67% | -12% |
| Net earnings | −$70.4M | -182% | -346% |
| Operating cash flow | $47.2M | -27% | -6% |
| Free cash flow | $17.6M | -42% | -49% |
What changed
Revenue was $113.9M in Q1 2026, up 11% year over year and up 17% from the previous quarter.
Operating profit was $43.7M, a 38.3% margin (down 10.0 points year over year). Operating profit fell $5.8M even though revenue rose $11.4M versus Q1 2025, so costs grew faster than sales. Total costs grew 33% against revenue growth of 11%. The quarter ended with a net loss of $70.4M, after a profit of $85.4M the previous quarter. Net interest and other expense of $136.4M was the main reason.
Operating cash flow was $47.2M (down 6% year over year). Non-cash charges added back $25.7M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $89.6M. Capital expenditures of $29.6M left free cash flow of $17.6M.
Questions
What was Riley Exploration Permian's revenue in the first quarter 2026?
Riley Exploration Permian (REPX) reported revenue of $114M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +17% from the quarter before.
Was Riley Exploration Permian profitable in the first quarter 2026?
Operating profit was $43.7M (38.3% of revenue) and net loss $70.4M.