Riley Exploration Permian, Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 5, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-06.
0001001614-26-000022
Item 1A. Risk FactorsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-05.
0001001614-26-000051
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 5 previous paragraphs and 2 current paragraphs.
1 unchanged; 1 reworded; 0 added; 3 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Removed paragraphs (3)
Previous report
Sustained negative or depressed natural gas prices at the Waha Hub, and widening basis differentials between Waha and Henry Hub, have adversely affected, and will continue to adversely affect, our realized natural gas and NGL prices. At times, we may not be able to fully recover our GP&T costs associated with the processing of our natural gas and recovery of our NGLs, resulting in negative natural gas and NGL realized prices, negative revenues and a reduction in our results of operations.
Previous report
Substantially all of our natural gas production is sold at prices referenced, directly or indirectly, to the Waha Hub in West Texas. The Waha Hub has experienced sustained periods of negative cash pricing driven by Permian Basin natural gas production outpacing available pipeline takeaway capacity to downstream markets along the Texas Gulf Coast, Mexico and the U.S. West Coast. Waha daily cash prices periodically trade in negative territory including a sustained period of consecutive negative days in the first quarter of 2026. This trend has continued into the second quarter of 2026.
Previous report
At times of negative gas prices, we may have insufficient NGL revenues to fully cover our GP&T costs resulting in negative realized prices for both natural gas and NGLs. Negative or depressed Waha pricing may cause us to curtail, defer, shut in wells or take other actions where the wellhead economics no longer support continued production after deduction of our GP&T costs and related fees. Prolonged negative pricing may also adversely affect the estimated economically producible quantity of our proved reserves and may trigger non-cash impairments to our oil and natural gas reserves.
Reworded paragraphs (1)
Previous wording
In addition to the information set forth in this Quarterly Report, the risks that are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, under the headings "Part I, Item 1 and 2. Business and Properties," "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Part I, Item 1A. Risk Factors" should be carefully considered, as such risks could materially affect the Company's business, financial condition or future results. Other than those noted below, there have been no material changes in the Company's risk factors from those that were described in the Company's 2025 Annual Report.
Current wording
In addition to the information set forth in this Quarterly Report, the risks that are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, under the headings "Part I, Item 1 and 2. Business and Properties," "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Part I, Item 1A. Risk Factors" and in "Part II, Item 1A. Risk Factors" of our subsequently filed Quarterly Report should be carefully considered, as such risks could materially affect the Company's business, financial condition or future results. There have been no material changes in the Company's risk factors from those that were described in the Company's 2025 Annual Report and subsequently filed Quarterly Report.