Primeenergy Resources Corp Stock Price, News & Analysis

PrimeEnergy Resources Corporation (NASDAQ: PNRG) has achieved significant recognition, ranking 9th in the Houston Chronicle 100 list and #6 in Forbes' America's Most Successful Small-Cap Companies 2025 for the Oil & Gas Operations category.

The company's success is attributed to strong revenue growth, earnings per share growth, and total shareholder return. Notable is the celebration of Director Clint Hurt's 90th birthday, who joined the board in 1987 when shares traded at $0.70, compared to today's value exceeding $150 per share.

PrimeEnergy maintains its focus on disciplined growth, operational efficiency, and responsible resource development in its oil and natural gas operations.

PrimeEnergy Resources Corporation (NASDAQ: PNRG) reported mixed Q2 2025 financial results, with revenue declining to $42.0 million from $64.8 million in Q2 2024. Net income decreased to $3.2 million ($1.33 per diluted share) from $19.7 million ($7.77 per share) year-over-year.

First half 2025 performance showed revenue of $92.0 million and net income of $12.4 million, down from $107.8 million and $31.1 million respectively in 2024. The company maintained strong liquidity with $2.4 million in cash and $115 million available under its credit facility.

Notable developments include the repurchase of 53,000 shares totaling $12.1 million in 2025, and Chairman Charles E. Drimal, Jr.'s voting rights agreements resulting in affiliated shareholders controlling over 80% of voting power.

PrimeEnergy Resources Corporation (NASDAQ: PNRG), an independent oil and natural gas company focused on hydrocarbon acquisition, development, and production in Texas, has announced the appointment of Withum Smith+Brown, PC as its new independent registered public accounting firm, effective June 27, 2025. The change in auditors was recommended and approved by both the Company's Audit Committee and Board of Directors.

PrimeEnergy Resources Corporation (NASDAQ: PNRG) reported strong Q1 2025 results, with revenue increasing 16.4% year-over-year to $50.1 million. The company demonstrated robust production growth across all segments, with oil production up 6.0% to 457,000 barrels, natural gas production surging 106.6% to 2.39 Bcf, and NGL production rising 120.4% to 454,000 barrels.

Despite operational growth, net income declined 19.3% to $9.1 million, with diluted EPS falling 15.7% to $3.72. The company continued its shareholder-friendly approach, repurchasing 47,970 shares for $9.17 million in 2025, bringing total buyback returns to $112.6 million. Total assets increased to $339.3 million from $324.6 million at the end of 2024.

PrimeEnergy Resources (PNRG) reported substantial growth in its yearend 2024 financial results. Total oil and gas revenue surged 107.01% to $223,042,000, driven by significant production increases across all segments. Oil production rose 123.43% to 2,556,000 barrels, while natural gas sales increased 88.18% to 7,766,000 Mcf.

The company's net income doubled to $55,404,000, with basic earnings per share reaching $31.43, up from $15.19 in 2023. Total revenues climbed to $237,796,000, marking a $104,986,000 increase from the previous year. As of December 31, 2024, proved reserves stood at 10,609 barrels of oil, 8,267 barrels of natural gas liquids, and 45,815 MMcf of natural gas.

PrimeEnergy Resources (NASDAQ: PNRG) reported strong financial results for Q3 2024, with net income of $22.1 million ($8.80 per diluted share) for the quarter and $53.1 million ($20.93 per diluted share) for the nine months ended September 30, 2024. The company demonstrated significant production growth across all segments, with oil production up 134.37%, natural gas up 98.41%, and natural gas liquids up 144.72% compared to Q3 2023. Revenues increased to $69.5 million in Q3 2024 from $37.6 million in Q3 2023. Total assets grew to $345.6 million as of September 30, 2024, compared to $288.6 million at the end of 2023.

PrimeEnergy Resources (NASDAQ: PNRG) reported strong financial results for Q2 2024. The company announced net income of $19.73 million for the quarter and $31.05 million for the first half of 2024. Earnings per share reached $7.77 and $12.16 on a fully diluted basis for the three and six months ended June 30, 2024, respectively.

PNRG experienced significant growth in production volumes across all categories. Oil production increased by 133.99%, natural gas by 95.49%, and natural gas liquids by 88.11% compared to Q2 2023. The company added production from 21 new wells and has 19 additional wells in various stages of development. PNRG's revolving line of credit was increased from $85 million to $115 million, with $105 million available as of August 14, 2024.