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How Riley Exploration Permian (REPX) makes money

Riley Exploration Permian (REPX) made $201M of revenue in the third quarter 2026 (Q3 2026), +88% from a year earlier. Oil sales, net brought in $196M (97%); NGL sales, net brought in $4.4M (2%); Natural Gas brought in $1.1M (1%).

Drawing the Sankey…

Riley Exploration Permian revenue by segment, Q3 2026Riley Exploration Permian revenue by segment, Q3 2026Oil sales, net$196MNGL sales, net$4.4MNatural Gas$1.1M
Riley Exploration Permian revenue by quarterRiley Exploration Permian revenue by quarter$102MQ1 2025$85.4MQ2 2025$107MQ3 2025$97.3MQ4 2025$114MQ1 2026$166MQ2 2026$201MQ3 2026
Riley Exploration Permian: where each dollar of revenue goesRiley Exploration Permian: where each dollar of revenue goesOperating cash flow55¢Free cash flow23¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Oil sales, net$196M97.3%—+81%
NGL sales, net$4.4M2.2%——
Natural Gas$1.1M0.5%——

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$201M100.0%
Operating cash flow$111M55.3%
Free cash flow$46.1M22.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$201M+88%
Q2 2026$166M+94%
Q1 2026$114M+11%
Q4 2025$97.3M-5%
Q3 2025$107M+4%
Q2 2025$85.4M-19%
Q1 2025$102M+3%

From Riley Exploration Permian's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Riley Exploration Permian make money?

Riley Exploration Permian (REPX) made $201M of revenue in the third quarter 2026 (Q3 2026), +88% from a year earlier. Oil sales, net brought in $196M (97%); NGL sales, net brought in $4.4M (2%); Natural Gas brought in $1.1M (1%).

What is Riley Exploration Permian's biggest business?

Oil sales, net: $196M in the third quarter 2026, 97% of revenue, +81% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.