Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2025

The following table summarizes the Company's outstanding debt:


	September 30, 2025		December 31, 2024
	(In thousands)
Credit Facility	$	225,000	$	115,000
Senior Notes
Principal	$	150,000	$	165,000
Less: Unamortized discount(1)	5,704		7,547
Less: Unamortized deferred financing costs(1)	2,254		2,959
Total Senior Notes	$	142,042	$	154,494

Total debt	$	367,042	$	269,494
Less: Current portion of long-term debt(2)	20,000		20,000

Total long-term debt	$	347,042	$	249,494

___________________

(1)Unamortized discount and unamortized deferred financing costs are attributable to and amortized over the term of the Senior Notes.

(2)As of September 30, 2025, and December 31, 2024, the current portion of long-term debt reflects $20 million due on the Senior Notes over the next twelve months.

Schedule of Credit Facility

The following table summarizes the Credit Facility balances:


	September 30, 2025		December 31, 2024
	(In thousands)
Outstanding borrowings	$	225,000	$	115,000
Available under the borrowing base	$	175,000	$	285,000

Schedule of Components of Interest Expense

The following table summarizes the Company's interest expense:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(In thousands)
Interest expense	$	8,669	$	7,597	$	20,922	$	24,749
Interest income	(198)		(229)		(477)		(672)
Capitalized interest	(260)		(140)		(1,315)		(1,938)
Amortization of deferred financing costs	582		690		1,726		2,041
Amortization of discount on Senior Notes	615		653		1,844		1,934
Unused commitment fees on Credit Facility	198		218		738		599
Total interest expense, net	$	9,606	$	8,789	$	23,438	$	26,713

Riley Exploration Permian, Inc. 10-Q