Riley Exploration Permian, Inc. · AMEX:REPX
Riley Exploration Permian — Q3 2026 Earnings Presentation
17 slides from Riley Exploration Permian's earnings presentation, Nov 4, 2026
Slide 1: 3Q'26 Investor Presentation
3Q’26 Investor Presentation November 2026
Slide 2: Forward-Looking Statements
2 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 future events and financi
Slide 3: Riley Permian Overview
3 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 Applying modern horizontal drilling and completion techniques to conventional, oil-saturated and liquids-
Slide 4: Riley Permian Asset Overview
4 Riley Permian Asset Overview (1) Company prepared estimates as of 9/30/26 (2) Represents net operated producing horizontal wells as of 9/30/26 (3) Potential San Andres locations and spacing remain subject to evaluation and do not establish proved reserves or commercial viability. Actual developmen
Slide 5: San Andres Activity Supports Potential Additional Red Lake Inventory
5 San Andres Activity Supports Potential Additional Red Lake Inventory San Andres Development ActivitySan Andres Development Opportunity ▪ Multiple industry San Andres horizontal wells traverse the REPX footprint with active industry permits showing continued momentum ▪ Internal Riley Permian geolog
Slide 6: Riley Permian Has a Deep, High-Value Inventory Base
6 Riley Permian Has a Deep, High-Value Inventory Base Oil Production Rates over Time Bbls/d per 1,000’ of Lateral Length il Production Rates Over Time(1) l / r , ’ f t r l t Wells to date have experienced lower relative declines versus Midland and Delaware Basin wells Cumulative Oil Prod. Over Time(
Slide 7: Scaling the Business While Limiting Dilution and Reducing Debt
7 Scaling the Business While Limiting Dilution and Reducing Debt Oil Production (MBbls/d) Shares Outstanding (MM)(2) Total Debt ($MM)(3)Adjusted EBITDAX ($MM)(1) (1) A non-GAAP financial measure as defined and reconciled in the supplemental financial tables available on the Company’s website at www.
Slide 8: Track Record of Returning Capital to Shareholders
8 Track Record of Returning Capital to Shareholders Notes: Dividend Yield based on share price as of 11/2/26. Future dividends subject to approval by the Board of Directors. On 10/14/26, Riley announced 3Q’26 dividend to be paid on 11/11/26 History of paying a fixed dividend every quarter as a publi
Slide 9: Financial Performance and Notes
9 Notes: The non-GAAP financial measures include Adjusted EBITDAX, Total Free Cash Flow and Cash Provided by Operating Activities before changes in working capital are defined in the supplemental financial tables available on the company’s website at www.rileypermian.com. Accrual based capex exclude
Slide 10: 4Q'26 Guidance
10 4Q’26 Guidance (1) Accrual (activity-based) investing expenditures before acquisitions; Total accrual capex and total cash capex year to date are $187MM and $165MM, respectively Q4 2026 Metric Guidance Activity and Production Net Operated Well Activity Drilled # 13 - 17 Completed # 13 - 17 Turned
Slide 11: Continuation of Growth into 2027
11 Quarterly Oil Production (MBbls/d) Quarterly Accrual Capex ($MM) Continuation of Growth into 2027 Illustrative Company Estimates at $70 to $90 WTI Note: Forecasted metrics based on management estimates and 4Q’26 guidance. $70 WTI $90 WTIIllustrative Production Range $70 WTI $90 WTIIllustrative Ca
Slide 12: Adjusted EBITDAX and Oil Price Sensitivities
12 Quarterly Adjusted EBITDAX ($MM) Last Twelve Months (LTM) Adjusted EBITDAX ($MM) 4Q’26 and Full-Year 2027 Oil Price Sensitivities Illustrative Company Estimates at $70 to $90 WTI $70 WTI $90 WTIIllustrative EBITDAX Range $70 WTI $90 WTIIllustrative LTM EBITDAX Range Note: Forecasted metrics based
Slide 13: Multiple Catalysts to Drive Continued Value Creation
13 Multiple Catalysts to Drive Continued Value Creation Resource Expansion Additional Red Lake formation targets extend potential inventory depth across the existing acreage position Improved Price Realizations Declining legacy derivatives exposure provides greater participation in prevailing commod
Slide 14: Appendix
14 Appendix
Slide 15: REPX Capitalization and Leverage
15 REPX Capitalization and Leverage Debt Maturity Profile(4) Capitalization and Debt Maturity Profile (1) Includes 1.1MM of unvested and contingent stock awards across all employees and directors, including 414K of performance-based awards at a maximum payout potential of 200%; actual payout could r
Slide 16: Equity Ownership and Research Analyst Coverage
16 Equity Ownership Equity Ownership and Research Analyst Coverage Note: Based on SEC filings (1) Insiders include Yorktown, Management, Board of Directors, and other unvested shares (2) Includes affiliated entity holdings aggregated from Form 4 filings. Excludes amounts held directly by Yorktown in
Slide 17: Hedging Summary
17 Hedging Summary Positions as of 11/2/26 Note: Q4 2026 derivative positions shown include 2026 contracts, some which have settled as of 11/2/26; Gas daily volumes are converted from MMBtu to Mcf using an assumed heat rate of 1.037 2026 2027 2028 4Q 1Q 2Q 3Q 4Q 1Q 2Q Crude Oil (WTI) Fixed Swap - Vo
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