PrimeEnergy Reports Increased Production, Higher Revenue, and Strategic Share Repurchases in Q1 2025
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 Corporation (NASDAQ: PNRG) ha riportato risultati solidi nel primo trimestre del 2025, con ricavi in aumento del 16,4% rispetto all'anno precedente, raggiungendo 50,1 milioni di dollari. L'azienda ha mostrato una crescita robusta della produzione in tutti i segmenti, con la produzione di petrolio in aumento del 6,0% a 457.000 barili, la produzione di gas naturale che è cresciuta del 106,6% a 2,39 miliardi di piedi cubi (Bcf) e la produzione di NGL che è salita del 120,4% a 454.000 barili.
Nonostante la crescita operativa, l'utile netto è diminuito del 19,3% a 9,1 milioni di dollari, con l'utile diluito per azione in calo del 15,7% a 3,72 dollari. L'azienda ha mantenuto un approccio favorevole agli azionisti, riacquistando 47.970 azioni per un valore di 9,17 milioni di dollari nel 2025, portando il totale dei riacquisti a 112,6 milioni di dollari. Il totale degli attivi è aumentato a 339,3 milioni di dollari rispetto ai 324,6 milioni di fine 2024.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) reportó sólidos resultados en el primer trimestre de 2025, con ingresos que aumentaron un 16,4% interanual hasta 50,1 millones de dólares. La compañía mostró un crecimiento robusto en la producción en todos los segmentos, con la producción de petróleo incrementándose un 6,0% hasta 457.000 barriles, la producción de gas natural aumentando un 106,6% hasta 2,39 mil millones de pies cúbicos (Bcf) y la producción de NGL subiendo un 120,4% hasta 454.000 barriles.
A pesar del crecimiento operativo, el ingreso neto disminuyó un 19,3% hasta 9,1 millones de dólares, con las ganancias diluidas por acción cayendo un 15,7% hasta 3,72 dólares. La compañía continuó con una política favorable a los accionistas, recomprando 47.970 acciones por 9,17 millones de dólares en 2025, llevando el total de recompras a 112,6 millones de dólares. El total de activos aumentó a 339,3 millones de dólares desde 324,6 millones a finales de 2024.
PrimeEnergy Resources Corporation (NASDAQ: PNRG)은 2025년 1분기 강력한 실적을 보고했으며, 매출은 전년 대비 16.4% 증가한 5,010만 달러를 기록했습니다. 회사는 모든 부문에서 견고한 생산 성장세를 보였으며, 석유 생산은 6.0% 증가한 457,000 배럴, 천연 가스 생산은 106.6% 급증하여 23.9억 입방피트(Bcf), 그리고 NGL 생산은 120.4% 증가해 454,000 배럴에 달했습니다.
운영 성장이 있었음에도 불구하고 순이익은 19.3% 감소한 910만 달러를 기록했으며, 희석 주당순이익(EPS)은 15.7% 하락한 3.72달러였습니다. 회사는 주주 친화적인 정책을 유지하며 2025년에 47,970주를 917만 달러에 자사주 매입하였고, 총 자사주 매입 금액은 1억 1,260만 달러에 이릅니다. 총 자산은 2024년 말 3억 2,460만 달러에서 3억 3,930만 달러로 증가했습니다.
PrimeEnergy Resources Corporation (NASDAQ : PNRG) a publié de solides résultats pour le premier trimestre 2025, avec un chiffre d'affaires en hausse de 16,4% par rapport à l'année précédente, atteignant 50,1 millions de dollars. La société a montré une croissance robuste de la production dans tous les segments, avec une production de pétrole en hausse de 6,0% à 457 000 barils, une production de gaz naturel en forte hausse de 106,6% à 2,39 milliards de pieds cubes (Bcf), et une production de NGL en augmentation de 120,4% à 454 000 barils.
Malgré cette croissance opérationnelle, le bénéfice net a diminué de 19,3% pour s'établir à 9,1 millions de dollars, avec un bénéfice dilué par action en baisse de 15,7% à 3,72 dollars. La société a poursuivi son approche favorable aux actionnaires, rachetant 47 970 actions pour 9,17 millions de dollars en 2025, portant le total des rachats à 112,6 millions de dollars. L'actif total est passé à 339,3 millions de dollars contre 324,6 millions à la fin de 2024.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) meldete starke Ergebnisse für das erste Quartal 2025, mit einem Umsatzanstieg von 16,4% im Jahresvergleich auf 50,1 Millionen US-Dollar. Das Unternehmen verzeichnete ein robustes Produktionswachstum in allen Segmenten, wobei die Ölproduktion um 6,0% auf 457.000 Barrel stieg, die Erdgasproduktion um 106,6% auf 2,39 Milliarden Kubikfuß (Bcf) zunahm und die NGL-Produktion um 120,4% auf 454.000 Barrel anstieg.
Trotz des operativen Wachstums sank der Nettogewinn um 19,3% auf 9,1 Millionen US-Dollar, und das verwässerte Ergebnis je Aktie fiel um 15,7% auf 3,72 US-Dollar. Das Unternehmen setzte seine aktionärsfreundliche Politik fort und kaufte im Jahr 2025 47.970 Aktien im Wert von 9,17 Millionen US-Dollar zurück, womit die gesamten Rückkäufe auf 112,6 Millionen US-Dollar anstiegen. Die Gesamtvermögenswerte stiegen von 324,6 Millionen US-Dollar Ende 2024 auf 339,3 Millionen US-Dollar.
- Strong revenue growth of 16.4% YoY to $50.1 million
- Significant production increases across all segments (oil +6.0%, natural gas +106.6%, NGL +120.4%)
- Active share repurchase program with $9.17 million in buybacks during Q1
- Total assets increased to $339.3 million from $324.6 million in December 2024
- Net income declined 19.3% YoY to $9.1 million
- Diluted EPS decreased 15.7% to $3.72
Insights
PrimeEnergy delivered strong Q1 production growth and continued share repurchases despite earnings decline; operational fundamentals remain solid while returning capital to shareholders.
PrimeEnergy's Q1 results reveal a company with strong operational performance fundamentals despite mixed financial metrics. Revenue rose an impressive
The earnings picture is more nuanced. Net income declined
The company's capital allocation strategy heavily favors share repurchases, with
The balance sheet appears solid with growing assets, though we lack specific details on debt levels. The substantial investment in buybacks alongside growing production suggests management's confidence in sustainable operational performance and adequate liquidity, even as they prioritize shareholder returns over aggressive reinvestment in additional production growth.
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
Key Highlights – Q1 2025 vs Q1 2024
• Revenue:
• Oil Production: 457,000 barrels ↑
• Natural Gas Production: 2.39 Bcf ↑
• NGL Production: 454,000 barrels ↑
• Net Income:
• Diluted EPS:
• Share Buyback 2025: 47,970 shares repurchased at a cost of
Since initiating its share repurchase program, PrimeEnergy has returned a total of
Total assets were
“Our Q1 results reflect a continuation of strong operational momentum with significant growth in natural gas and NGL volumes,” said Beverly Cummings, CFO of PrimeEnergy. “We are also returning capital to shareholders through our buyback program, demonstrating confidence in our long-term value.”
PrimeEnergy Resources is an independent oil and natural gas company engaged in the acquisition, development, and production of hydrocarbons, primarily in Texas. The Company’s common stock trades on the NASDAQ under the symbol PNRG.
For investor inquiries, contact:
Connie Ng – (713) 735-0000 ext. 6416
Forward-Looking Statements
This Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.
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