REPX — what changed in the latest 10-Q
A section-by-section comparison of REPX's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-05 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +52 | −35 | ~9 | 17 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-05
During the second quarter of 2026, certain portions of our New Mexico operations continued to experience production interruptions and curtailments resulting from third-party midstream and gas processing constraints. Following the unplanned outage at a third-party gas processing facility that began i…
The effects of these disruptions were partially mitigated by the limited geographic scope of the affected production, our ability to restore certain wells to production as processing capacity became available, and strong operating performance from our Texas assets. As a result, while the curtailment…
We continue to monitor the reliability and capacity of third-party midstream infrastructure serving our New Mexico acreage. To mitigate the risk of future processing and takeaway constraints of the nature experienced during the period, Targa is constructing new gathering and high-pressure trunkline …
system is currently expected to occur in the fourth quarter of 2026. See Note 15 – Commitments and Contingencies for additional information.
Comparison for the three and six months ended June 30, 2026, and 2025:
Text removed vs the prior filing · source: 10-Q · 2026-05-06
Beginning on March 28, 2026, and continuing subsequent to the balance sheet date, an unplanned outage at a third-party gas processing facility in New Mexico operated by one of our midstream counterparties required us to shut in a significant portion of our New Mexico production. The duration of the …
Based on the limited geographic scope of affected production, the continued strong performance of our Texas operations, and our reallocation of capital to accelerated drilling and completion activity in Texas, we do not currently expect the outage to have a material impact on our second quarter or f…
We expect our reliance on this counterparty to diminish once additional processing and takeaway capacity becomes available from the new high-pressure gathering and trunk line infrastructure currently being constructed by Targa in Eddy County, New Mexico under the A&R Gas Purchase Agreement. See Note…
Comparison for the three months ended March 31, 2026, and 2025:
Average Realized Prices, including the effect of derivative settlements:(1)(2)
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice