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 · 2026-05-06 vs the prior 10-Q · 2025-11-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +39 | −60 | ~12 | 10 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~4 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −3 | 0 | 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 · 2026-05-06
We monitor the risk of cost pressures in specific areas of our operating expenses and capital expenditures. Our margins may be compressed if costs increase more than commodity prices and our revenues, net of derivatives. Additionally, the current interest rate environment remains sensitive to shifts…
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:
Text removed vs the prior filing · source: 10-Q · 2025-11-05
Inflation continues to be an ongoing concern. Although inflation has moderated from highs experienced during 2021, inflationary pressures remain elevated or uncertain, which in turn may cause our capital expenditures and operating costs to increase. During inflationary periods, interest rates have h…
On July 1, 2025, the Company closed on the acquisition of 100% of the ownership interests of Silverback. The Silverback Acquisition added approximately 47,000 net acres directly adjacent to and overlapping with the Company's existing core acreage primarily in Eddy County, New Mexico. The Company fun…
Comparison for the three and nine months ended September 30, 2025, and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
Average Realized Prices, including derivative settlements:(1)(2)
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-06
See Note 10 - Long-Term Debt and Note 6 - Derivative Instruments for a full discussion of our long-term debt and interest rate derivative contracts, respectively.
Text removed vs the prior filing · source: 10-Q · 2025-11-05
See Note 10 - Long-Term Debt for a full discussion of our long-term debt.
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-06
During the quarter ended March 31, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408 of Regulation S-K.
Text removed vs the prior filing · source: 10-Q · 2025-11-05
On June 29, 2025, Bobby Riley, our Chief Executive Officer, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) providing for the sale of up to 50,000 shares of Common Stock. The expiration date for Bobby Riley's plan is August 31, 2026.
On July 12, 2025, Corey Riley, our Chief Information and Compliance Officer, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) providing for the sale of up to 14,000 shares of Common Stock. The expiration date for Corey Riley's plan is November 30, 2026.
Except as noted above, during the quarter or year ended September 30, 2025, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408 of R…
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