Riley Exploration Permian reported a substantial earnings miss for Q1 2026, with an EPS of -3.38 compared to the forecasted 1.51. Revenue came in at 113.9 million USD, slightly below the expected 115.35 million USD.
Following the announcement, the stock fell by 7.11% in after-hours trading, closing at 34.23 USD. While oil revenue increased by 18%, negative gas and NGL revenue and a substantial loss on derivatives led to an overall net loss.
Management forecasts 30% production growth for 2026. The company also returned 12 million USD to shareholders through dividends and share repurchases.
According to Bond.az analysis, the stock appears undervalued at current levels, suggesting potential upside for patient investors.
