Riley Exploration Permian Raises Quarterly Dividend 5% to $0.40
Riley Exploration Permian, Inc., an independent oil and gas company operating in the Permian Basin, increased its quarterly cash dividend to $0.40 per share, up from $0.381. The 5% increase brings the annualized dividend to $1.60 per share.
Riley Exploration Permian, Inc., an independent oil and gas company operating in the Permian Basin, raised its quarterly cash dividend by 5% to $0.40 per share in October 2025, up from $0.381 per share. The increase brings the company's annualized dividend to $1.60 per share. Read more dividend announcements.
The dividend increase came as the company reported what CEO Bobby Riley called "a transformational year" for 2025, marked by significant balance sheet improvements and operational expansion. The company generated $213 million in operating cash flow and $161 million in net income for the full year.
| Dividend Details | Amount |
|---|---|
| Quarterly Dividend | $0.40 per share |
| Previous Dividend | $0.381 per share |
| Increase | 5% |
| Annual Rate | $1.60 per share |
| Record Date | Not disclosed |
| Ex-Dividend Date | Not disclosed |
| Payment Date | Not disclosed |
Financial Performance and Capital Allocation
Riley Exploration Permian paid total dividends of $1.54 per share in 2025, totaling $33 million. The company also authorized a new stock repurchase program of up to $100 million of its outstanding common shares.
The company averaged 29.2 thousand barrels of oil equivalent per day of total production in 2025, including oil production of 17.3 thousand barrels per day. Total capital expenditures for the year reached $120 million, with $83 million directed to upstream operations.
Debt Reduction and Asset Sale
Riley Exploration Permian reduced its debt by $145 million during 2025, including a $120 million reduction in the fourth quarter. The company sold its membership interests in Dovetail Midstream LLC for $123 million in cash, with potential for up to $60 million in additional contingent payments based on volumetric performance over five years.
As of December 31, 2025, total debt stood at $255 million, comprising $110 million on the company's credit facility and $145 million in senior notes. The debt-to-adjusted EBITDAX ratio improved to 1.0 times.
The company also completed the acquisition of Silverback Exploration II for $120 million in cash plus contingent consideration. Shareholder equity increased 24% year-over-year to $634 million.
2026 Outlook
Riley Exploration Permian issued guidance for 2026 projecting total production of 35.0 to 37.0 thousand barrels of oil equivalent per day, including oil production of 21.0 to 22.0 thousand barrels per day. The company expects to spend $190 million to $210 million in capital expenditures before acquisitions.