Summary of the transactions
Between February 2 and February 4, Bluescape Riley Exploration Holdings LLC, together with related Bluescape entities, sold a total of 230,334 shares of Riley Exploration Permian, Inc. (NASDAQ: REPX) common stock. The aggregate proceeds from those sales totaled $6,571,913. Reported execution prices ranged from $28.0654 to $28.5625, while REPX was trading at $28.67 at the time of reporting. InvestingPro analysis cited a price-to-earnings ratio of 7.05 for the stock.
Transaction breakdown
The disposition was carried out in multiple tranches over three consecutive days:
- February 2: 8,806 shares sold at a weighted average price of $28.0654.
- February 3: 73,528 shares sold at an average price of $28.1772.
- February 4: 148,900 shares sold at an average price of $28.5625.
After these transactions, Bluescape Riley Exploration Holdings LLC reported a direct holding of 3,451,122 shares of Riley Exploration Permian.
Ownership and control within the Bluescape structure
The filings detail the ownership chain tying the selling entity back through several Bluescape vehicles. Bluescape Energy Recapitalization & Restructuring Fund III LP holds 90.06% of Bluescape Riley Exploration Holdings LLC. Bluescape Energy Partners III GP LLC is the general partner of that fund. Bluescape Resources GP Holdings LLC owns 100% of the membership interests of Bluescape Energy Partners III GP LLC, and Bluescape Resources Company LLC owns 100% of the membership interests of Bluescape Resources GP Holdings LLC. Mr. C. John Wilder, Jr. is identified as the Executive Chairman with the power to direct the affairs of Bluescape Resources.
Concurrent corporate developments at Riley Exploration Permian
Riley Exploration Permian announced a quarterly dividend of $0.40 per share, payable on February 5, 2026, to shareholders of record as of January 22, 2026. InvestingPro data cited a current dividend yield of 5.58% and noted the company has raised its dividend for five consecutive years.
In a separate strategic move, Riley Exploration Permian completed the sale of its midstream infrastructure assets in Eddy County, New Mexico, to Targa Northern Delaware LLC for about $111 million in cash. The transaction includes the potential for an additional $60 million contingent on future volume performance.
Following the asset sale, Texas Capital Securities maintained a Buy rating on Riley Permian and a $63.00 price target, observing that the divestiture assists in lowering the company’s leverage.
Riley Exploration Permian’s board also authorized a $100 million share repurchase program to be executed over a 24-month period. The repurchase program will be carried out through various transaction methods in compliance with federal securities laws.
Context and factual limits
The information presented here is limited to the details reported in the filings and company announcements: the number of shares sold by Bluescape entities, the prices and dates of those sales, the post-transaction holdings attributed to Bluescape Riley Exploration Holdings LLC, the described ownership chain within Bluescape, and the announced corporate actions by Riley Exploration Permian including the dividend, midstream asset sale terms, analyst commentary from Texas Capital Securities, and the authorized buyback. No additional explanations or causation beyond those disclosures are asserted.
Key points
- Bluescape-affiliated entities sold 230,334 REPX shares for $6,571,913 between February 2 and February 4, at prices from $28.0654 to $28.5625.
- Riley Exploration Permian declared a $0.40 quarterly dividend payable February 5, 2026, has a 5.58% yield per InvestingPro, and has increased its dividend for five straight years.
- The company completed an asset sale to Targa Northern Delaware LLC for about $111 million in cash, with up to $60 million additional contingent on future volumes, and authorized a $100 million share repurchase program over 24 months.
Risks and uncertainties
- The additional $60 million tied to the midstream divestiture is contingent on future volume performance, creating uncertainty over the total proceeds the company will ultimately receive.
- The authorized $100 million buyback is to be executed over a 24-month period via various transaction methods; timing and method of repurchases may affect capital allocation outcomes.
- The corporate ownership structure places control through a chain of Bluescape entities, with C. John Wilder, Jr. holding directional authority at Bluescape Resources, which may concentrate governance influence.
Conclusion
The recent sales by Bluescape entities represent a modest disposal relative to the holder’s remaining stake, leaving Bluescape Riley Exploration Holdings LLC with over 3.45 million shares. Concurrent corporate actions at Riley Exploration Permian - a cash dividend, sale of midstream assets with contingent consideration, analyst commentary favoring reduced leverage, and a $100 million repurchase authorization - are material developments disclosed by the company and its affiliates.