PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations. The company operates approximately 760 active wells and owns non-operating interests in approximately 800 additional wells primarily in Oklahoma, Texas, and West Virginia. The company was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. The company was incorporated in 1973 and is based in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: primeenergy.com
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8-K - PRIMEENERGY RESOURCES CORP (0000056868) (Filer)
10-Q - PRIMEENERGY RESOURCES CORP (0000056868) (Filer)
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10-K - PRIMEENERGY RESOURCES CORP (0000056868) (Filer)
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SCHEDULE 13D - PRIMEENERGY RESOURCES CORP (0000056868) (Subject)
10-Q - PRIMEENERGY RESOURCES CORP (0000056868) (Filer)
10-Q - PRIMEENERGY RESOURCES CORP (0000056868) (Filer)
8-K - PRIMEENERGY RESOURCES CORP (0000056868) (Filer)
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HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ:PNRG) today announced first quarter 2025 results, with continued growth in oil and gas production supporting a 16.4% increase in revenue year-over-year. While earnings per share declined compared to Q1 2024, the Company highlighted significant shareholder returns and operational momentum. Key Highlights – Q1 2025 vs Q1 2024• Revenue: $50.1 million ↑ 16.4% • Oil Production: 457,000 barrels ↑ 6.0% • Natural Gas Production: 2.39 Bcf ↑ 106.6% • NGL Production: 454,000 barrels ↑ 120.4% • Net Income: $9.1 million ↓ 19.3% • Diluted EPS: $3.72 ↓ 15.7% • Share Buyback 2025: 47,970 shares repurchased at a cost
HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) -- The following table summarizes the primary components of production volumes and average sales prices realized for the years ended December 31, 2024 and 2023 (excluding realized gains and losses from derivatives). Years ended December 31, Increase / Increase / 2024 2023 (Decrease) (Decrease) Barrels of Oil Produced 2,556,000 1,144,000 1,412,000 123.43 %Average Price Received $75.80 $76.84 $(1.04) (1.35)%Oil Revenue (In 000's) $193,737 $87,906 $105,831 120.39 %Mcf of Gas Sold 7,766,000 4,127,000 3,639,000 88.18 %Average Price Received $0.43 $1.92 $(1.49) (77.60)%Gas Revenue (In 000's) $3,309 $7,935 $
HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ:PNRG) announced today net income of $22,076,000 for the quarter, and $53,127,000 for the nine months, ended September 30, 2024. This represents $8.80 and $20.93 per share, on a fully diluted basis, for the three and nine months ended September 30, 2024. As of November 14, 2024, the total outstanding shares including outstanding options are 2,485,000. Oil and gas production volumes for the three months ended September 30, 2024 and 2023: 2024 2023 Increase Increase Oil production (barrels) 757,000 323,000 434,000 134.37%Natural gas production (Mcf) 2,144,000 1,081,000 1,063,000
HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ:PNRG) announced today net income of $19.73 million for the quarter, and $31.05 million for the six months, ended June 30, 2024. This represents $7.77 and $12.16 per share, on a fully diluted basis, for the three and six months ended June 30, 2024. As of August 14, 2024, the total outstanding shares including outstanding options are 2,519,271. "During the second quarter of 2024, the Company added the first production from 21 new wells and currently has 19 additional wells in various stages of drilling and completion activities with DE IV Operating LLC., Apache Corporation and Pioneer Natural Resources. The
PrimeEnergy Resources Corporation (NASDAQ:PNRG) announces third quarter unaudited results for the periods ended September 30, 2023 and 2022. Oil and gas production and the average prices received (excluding gains and losses from derivatives) for the three and nine months ended September 30, 2023, and 2022 were as follows: Three Months Ended September 30, 2023 2022 Increase / (Decrease) Barrels of Oil Produced 323,188 244,500 78,688 Average Price Received $ 81.69 $ 95.72 $ (14.03 ) Oil Revenue (In 000's) $
PrimeEnergy Resources Corporation (NASDAQ:PNRG) announced today net income of $10.0 million for the quarter, and $11.5 million for the six months, ended June 30, 2023. This represents $3.82 and $4.37 per share, on a fully diluted basis, for the three and six months ended June 30, 2023. As of August 14, 2023 the total outstanding shares including outstanding options are 2,602,800. "During the second quarter of 2023, the Company added the first production from 18 wells completed in 2023 and currently has 7 additional wells in various stages of completion activities with ConocoPhillips Corporation and Apache Corporation. The development plan includes the drilling of additional wells during t
PrimeEnergy Resources Corporation (NASDAQ:PNRG) ("PrimeEnergy" or "Company") announced today that the Company was added to the broad-market Russell 2000 Index at the conclusion of the 2023 Russell Indexes annual reconstitution, effective at the US market opening on June 26, 2023. "We are pleased to have earned our inclusion in the Russell 2000® Index, one of the most widely cited performance benchmarks for U.S. small-cap companies," said Beverly Cummings, Vice President and CFO of PrimeEnergy. "This is an important event for PrimeEnergy as we continue to execute the development of our acreage position in the Permian Basin and Oklahoma." During the second quarter of 2023, the Company added
At the Annual Meeting of the Board of Directors which was held on June 7, 2023, the five (5) Directors, as nominated in the Proxy Statement dated April 28, 2023, were elected. The five directors, consisting of Charles E. Drimal, Jr., Beverly A. Cummings, H. Gifford Fong, Thomas Gimbel, and Clint Hurt will hold office until the next annual meeting of stockholders, and until their successors are elected. The Directors also approved the purchase of up to an additional 300,000 shares of the Company's common stock, in open market or private transactions, from time to time, at such price and at the discretion of the management of the Company. PrimeEnergy is an independent oil and natural gas
PrimeEnergy Resources Corporation (NASDAQ:PNRG) announced today net income of $1.4 million, on a fully diluted basis, this represents $0.53 per share for the quarter ended March 31, 2023. As of March 31, 2023, the borrowing base was $60 million and as of May 19, 2023, the Company has no outstanding borrowings under the Credit Facility. As of March 31, 2023, the Company was participating in the drilling of 15 two-mile-long horizontal wells in Reagan County, Texas with 49.7% interest in five wells operated by Double Eagle and 25% interest in ten wells operated by Hibernia Energy. We are pleased to report that by April 30, 2023, all ten wells that PrimeEnergy drilled with Hibernia are now pr
PrimeEnergy Resources Corporation (NASDAQ:PNRG): Year Ended December 31, 2022 2021 Increase / (Decrease) Revenues (In 000's) $ 125,087 $ 72,458 $ 52,629 Net Income (In 000's) $ 48,664 $ 2,098 $ 46,566 Earnings per Common Share: Basic $ 24.91 $ 1.05 $ 23.86 Diluted $ 17.95 $ 0.76 $ 17.19 Shares Used in Calculation of: Basic EPS 1,953,916 1,992,077 Di
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