PrimeEnergy Resources Corporation Announces Year End Production And Financial Results; FY22 EPS $17.95 Vs $0.76 YoY; Revenue $125.087M Vs $72.485M YoY

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

Diluted EPS

2,711,170

2,744,162

Years ended

December 31,

Increase /

(Decrease)

Increase /

(Decrease)

2022

2021

Barrels of Oil Produced

939,000

738,000

201,000

27.24

%

Average Price Received

$

96.70

$

68.39

$

28.31

41.40

%

Oil Revenue (In 000's)

$

90,803

$

50,474

$

40,329

79.90

%

Mcf of Gas Sold

3,325,000

3,236,000

89,000

2.75

%

Average Price Received

$

5.54

$

3.53

$

2.01

57.00

%

Gas Revenue (In 000's)

$

18,428

$

11,432

$

6,996

1.20

%

Barrels of Natural Gas Liquids Sold

417,000

416,000

1,000

0.24

%

Average Price Received

$

35.70

$

26.97

$

8.73

32.37

%

Natural Gas Liquids Revenue (In 000's).

$

14,887

$

11,220

$

3,667

32.68

%

Total Oil & Gas Revenue (In 000's)

$

124,118

$

73,126

$

50,992

69.73

%