PrimeEnergy

PrimeEnergy Resources Corp. engages in acquiring, developing and producing oil and natural gas. It owns producing and non-producing properties located primarily in Texas and Oklahoma. The company was founded in March 1973 and is headquartered in Houston, TX.

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PrimeEnergy Resources Corp. is an independent oil and natural gas company, which engages in the business of acquiring, developing, and producing oil and natural gas. The firm is also involved in selling oil and natural gas and liquids production to a number of direct purchasers under direct contracts or through other operators under joint operating agreements. The company was founded on March 22, 1973 and is headquartered in Houston, TX.

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PNRG's Q3 earnings skyrocket y/y with a 134% jump in oil production, robust revenue growth, and asset sales fueling long-term expansion plans.

PrimeEnergy Posts Y/Y Earnings Growth in Q3 on Surging Oil Production

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.

PrimeEnergy Resources Corporation (PNRG) Announces third Quarter Results

A significant y/y rise in oil sales, reflecting higher production volumes and improved pricing, aid PrimeEnergy's (PNRG) earnings in Q2.

PrimeEnergy (PNRG) Earnings & Revenues Increase Y/Y in Q2

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.

PrimeEnergy Resources Corporation (PNRG) Announces Second Quarter Results

Discover why Zacks rates PrimeEnergy (PNRG) as "Neutral," being the first on Wall Street to initiate the coverage of the stock. Explore how PNRG's ambitious expansion and impressive production growth have positioned it as a significant oil and gas contender despite liquidity and operational risks.

Zacks Initiates Coverage of PrimeEnergy With Neutral Recommendation

HOUSTON, May 17, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (PNRG) Announces First Quarter Results: Oil and gas production volumes for the three months ended March 31, 2024 and 2023:   Quarter ended March 31, Increase Increase   2024 2023 Oil production (barrels) 431,000 193,000 238,000 123 % Natural gas production (Mcf) 1,157,000 801,000 356,000 44 % Natural gas liquids production (barrels) 206,000 106,000 100,000 94 %             Total assets at March 31, 2024 were $332,896,000 compared to $288,568,000 at December 31, 2023.   Quarter ended March 31, Increase Increase   2024 2023 Revenues (in thousands) $ 42,990 $ 22,815 $ 20,175 88 % Net Income (in thousands) $ 11,319 $ 1,410 $ 9,909 703 % Earnings per Common Share:         Basic $ 6.27 $ 0.75 $ 5.52 736 % Diluted $ 4.41 $ 0.53 $ 3.88 732 % Shares Used in Calculation of:         Basic EPS   1,806,687   1,888,895     Diluted EPS   2,565,951   2,647,220                   PrimeEnergy Resources Corporation is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas.

PrimeEnergy Resources Corporation (PNRG) Announces First Quarter Results

HOUSTON, April 15, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (PNRG) Announces Yearend Production and Financial Results:

PrimeEnergy Resources Corporation (PNRG) Announces Yearend Production and Financial Results

HOUSTON--(BUSINESS WIRE)--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.

PrimeEnergy Resources Corporation Announces Third Quarter Unaudited Results

HOUSTON--(BUSINESS WIRE)--In column "2022" of table "Six Months Ended June 30" of release dated August, 14, 2023, the figure for "Barrels of Oil Produced" should read 508,000 (instead of 165,000) and the figure for "Average Price Received" should read $102.64 (instead of $104). The updated release reads: PrimeEnergy Resources Corporation Announces Second Quarter Results PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today net income of $10.0 million for the quarter, and $11.5 millio.

CORRECTING and REPLACING PrimeEnergy Resources Corporation Announces Second Quarter Results

HOUSTON--(BUSINESS WIRE)--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.

PrimeEnergy Resources Corporation Announces Second Quarter Results

HOUSTON--(BUSINESS WIRE)--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 Preside.

PrimeEnergy Resources Corporation joins the Russell 2000® Index

HOUSTON--(BUSINESS WIRE)--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.

PrimeEnergy Resources Corporation Announces Annual Meeting Results:

HOUSTON--(BUSINESS WIRE)--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.

PrimeEnergy Resources Corporation Announces First Quarter Results

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HOUSTON--( BUSINESS WIRE )--PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today the following unaudited results for the periods ended September 30, 2022 and 2021:

PrimeEnergy Resources Corporation Announces Third Quarter Results

HOUSTON--(BUSINESS WIRE)--PrimeEnergy Corporation (NASDAQ: PNRG) announced today the following unaudited results for the quarters ended March 31, 2021 and 2020: Three Months Ended March 31,   2021   2020 Revenues (In 000's) $ 14,792   $ 26,108   Net Loss (In 000's) $ (1,455 ) $ (170 ) Earnings per Common Share:     Basic $ (0.73 ) $ (0.09 ) Diluted $ (0.73 ) $ (0.09 ) Shares Used in Calculation of:     Basic EPS   1,994,197     1,995,174   Diluted EPS   1,994,197     1,995,174   Total assets at

PrimeEnergy Corporation Announces First Quarter Results

HOUSTON--(BUSINESS WIRE)--PrimeEnergy Resources Corporation (Nasdaq: PNRG), announces that on April 19, 2021, PrimeEnergy Resources Corporation (the "Company") received a determination letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule Listing Rule 5810(b), as a result of the Company's failure to timely file its Form 10-K for the fiscal year ended December 31, 2020. Under Nasdaq's Rule

PrimeEnergy Resources Corporation Announces Receipt of Determination Letter from Nasdaq

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News for PrimeEnergy Stock (PNRG)