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OKLAHOMA CITY, July 15, 2026 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that its Board of Directors has approved a cash dividend on the Company's common stock in the amount of $0.40 per share. The dividend is payable on August 12, 2026 to stockholders of record as of the close of business on July 29, 2026.

Riley Exploration Permian trades at a forward P/E of 5.5x, despite strong fundamentals and a transformed, lower-risk profile. REPX offers a 4.7% dividend yield with a five-year growth streak and a 50% payout ratio, supporting further increases if earnings hold. Recent asset sales and acquisitions have streamlined operations, reduced debt, and boosted production, with Q1 2026 results exceeding guidance.

Riley's Q1 2026 oil production exceeded its guidance midpoint by 5%. Riley's capex and lease operating expenses also came in better than expected. This resulted in an increase to its full-year production guidance, with only a modest increase in capex due to higher development activity levels.

Riley Exploration Permian (REPX) boasts highly profitable wells. REPX was already paying dividends, growing production, and reducing debt before the recent surge in oil prices. The stock trades at a low P/E ratio of 5, making it exceptionally cheap for a profitable U.S.-based operator.

Riley Exploration Permian REPX and Magnolia Oil & Gas MGY both operate in the U.S. Oil & Gas Exploration & Productionspace, but offer investors two different stories. Riley Exploration Permian is a faster-growing Permian Basin player.