Welcome to our dedicated page for Primeenergy Resources news (Ticker: PNRG), a resource for investors and traders seeking the latest updates and insights on Primeenergy Resources stock.
PrimeEnergy Resources Corporation (PNRG) is an independent oil and natural gas company whose news flow centers on financial performance, production trends, capital allocation, and operational activity. Company releases regularly report quarterly and annual results, including oil, natural gas, and natural gas liquids (NGL) production volumes, realized prices, and total oil and gas revenues.
Investors following PrimeEnergy news can review updates on net income, earnings per share, discretionary cash flow, and changes in total assets. The company also reports on its revolving credit facility, periods with no outstanding bank debt, and availability under its borrowing base, providing insight into liquidity and balance sheet strength.
PrimeEnergy’s news coverage highlights operational developments across its oil and natural gas properties, primarily in Texas and with additional properties in Oklahoma. Releases discuss new wells, development programs with industry partners, and shifts in the production mix among oil, gas, and NGLs. The company also comments on how fluctuations in commodity prices and production volumes affect its reported results.
Another recurring theme in PrimeEnergy announcements is capital allocation, including details on its share repurchase program, the number of shares retired, and cumulative amounts returned to shareholders. The company has also reported changes in its independent registered public accounting firm and recognition in external rankings such as Forbes’ America’s Most Successful Small-Cap Companies and the Houston Chronicle’s Chronicle 100 list.
This news page allows readers to track PrimeEnergy’s reported financial results, operational updates, governance developments, and third-party recognitions over time, using official company communications as the primary source.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) reported significant financial growth for the year ended December 31, 2022. Revenues increased to $125.1 million, up from $72.5 million in 2021, marking a 73.42% rise. Net income surged to $48.7 million compared to $2.1 million in the prior year. Basic earnings per share (EPS) rose to $24.91 against $1.05, while diluted EPS reached $17.95, compared to $0.76 in 2021. Oil production volumes increased by 27.24% to 939,000 barrels, and the average price received for oil rose to $96.70 per barrel from $68.39. Proved reserves as of December 31, 2022, were 16.7 million barrels of oil equivalent. The company maintains a $60 million credit facility, which remains unused as of April 14, 2023.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) reported significant financial improvements for the periods ending June 30, 2022, compared to 2021. Revenues soared to $35.7 million for Q2 and $61.9 million for the first half, up from $13.7 million and $28.6 million, respectively. Net income rose to $11.0 million from a loss of $2.4 million in Q2 2021. Earnings per share reached $5.57 basic and $4.02 diluted, up from losses previously. Oil and gas production increased with oil production up 54.9%, and average prices received surged significantly, boosting overall revenues by 143.2%.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) reported a net income of
PrimeEnergy Resources reported significant financial growth for FY 2021, with total revenues of $79.6 million, up from $58.4 million in 2020. The company achieved a net income of $2.1 million, contrasting the $2.3 million loss from the prior year. Oil production increased to 738,000 barrels, and the average oil price received rose to $68.39 per barrel, compared to $38.02 in 2020. The company also confirmed compliance with Nasdaq listing requirements after submitting its Form 10-K.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) reported unaudited results for the periods ended September 30, 2021, revealing significant challenges. For the three months ended September 30, revenues reached $19,035,000, up from $11,792,000 in 2020, yet the company posted a net income loss of $1,163,000, contrasting with a profit of $6,501,000 during the same period last year. Year-to-date figures also show a decline in net income to a loss of $5,021,000 compared to a profit of $65,000 in 2020. Oil production fell by 10.80%, while average oil prices surged by 64.8%, illustrating mixed financial performance.
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