PrimeEnergy Resources Corporation reported quarterly and year-to-date results for the period ended June 30, 2026. For the six months, total revenues were $81.9 million and net income was $10.9 million, down from $12.4 million a year earlier, as lower oil and NGL volumes and weak natural gas pricing more than offset higher oil prices. Oil, gas and NGL sales fell 10.6% to $77.8 million, with Permian gas realizations hurt by takeaway constraints that produced negative gas prices.
For the second quarter, net income rose to $6.5 million from $3.2 million, helped by stronger oil pricing and lower depreciation and interest expense. Cash and cash equivalents increased to $28.7 million, with no long-term bank debt outstanding and a reserves-based credit facility carrying a $105 million borrowing base as of August 3, 2026. The company generated $31.5 million of operating cash flow in the first half, spent modestly on property additions, repurchased treasury stock, and continues an oil-weighted horizontal drilling program in the Permian Basin and Mid-Continent, supported in part by crude oil swaps on 367,000 barrels at a weighted average price of $74.84 per barrel.
PrimeEnergy Resources Corporation amended its borrowing base agreement with Citibank, N.A. on August 3, 2026, decreasing the borrowing base under its credit facility from $115,000,000 to $105,000,000.
As of March 31, 2026, the company had no outstanding borrowings under this facility, and it continues to have no outstanding borrowings through the date described.
Dimensional Fund Advisors LP reports beneficial ownership of PrimeEnergy Resources Corp common stock. It reports 84,927 shares beneficially owned, representing 5.2% of the class as of 06/30/2026.
Dimensional has sole voting power over 83,741 shares and sole dispositive power over 84,927 shares, with no shared voting or dispositive power. All securities are held in underlying funds and accounts it advises or manages, which receive dividends and sale proceeds, while Dimensional disclaims beneficial ownership except for Section 13(d) reporting purposes.
PrimeEnergy Resources Corporation held its Annual Meeting of stockholders on June 10, 2026, where five incumbent directors were re-elected. A total of 1,618,000 shares were outstanding and entitled to vote, with 1,224,025 shares represented in person or by proxy.
Support levels for director nominees ranged from 944,561 shares voted for Beverly A. Cummings to 1,195,211 shares for Thomas S. T. Gimbel, with no abstentions or broker non-votes reported. On the same date, the Board authorized the repurchase of up to an additional 300,000 shares of common stock in open-market or privately negotiated transactions, at prices and amounts management deems appropriate based on market conditions and available cash.
PrimeEnergy Resources reported weaker first-quarter 2026 results as commodity mix and hedging losses weighed on earnings. Net income was $4.3M or $2.67 basic EPS, down from $9.1M or $5.40 a year earlier. Oil, gas and NGL sales fell 16.3% to $39.5M, as sharply lower realized gas and NGL prices more than offset higher oil volumes and modestly better oil pricing.
Gas revenue turned negative at $(1.0)M versus $6.0M in 2025, NGL revenue dropped to $5.2M from $8.5M, and the company recorded an unrealized loss of $1.9M on new crude derivatives. Costs also eased, with depreciation, depletion and amortization declining to $16.7M from $20.4M and interest expense halving to $0.3M as PrimeEnergy remained undrawn on its credit facility.
Operating cash flow was $16.1M, down from $38.2M, but cash and equivalents rose to $19.4M from $7.4M, helped by sharply lower capital spending. The company ended March 31, 2026 with no bank debt and $115M of borrowing base availability under its revolving credit facility, supporting its planned $52M 2026 horizontal drilling program focused on the Permian Basin and Oklahoma.
PrimeEnergy Resources Corporation notifies the SEC that it was unable to timely file its Form 10-Q for the quarter ended March 31, 2026 under Rule 12b-25 because certain data was not yet available. The company states it expects to file the Form 10-Q on or before the fifth calendar day following the prescribed due date.
The filing notes the company expects a change in consolidated results of operations versus the prior-period quarter, attributing the variance primarily to fluctuations in production and changes in commodity prices.
CLINT HURT reported Rule 144 sales of Common stock of PrimeEnergy Resources. The filing lists three transactions: 10,000 shares sold on 02/06/2026 for $1,914,126; 1,976 shares sold on 02/09/2026 for $395,634; and 10,000 shares sold on 04/24/2026 for $2,309,277. The cover also shows a record line dated 05/01/2026 alongside a 10,000 share entry and dollar amounts.
PRIMEENERGY RESOURCES CORP director Clint Hurt reported an open-market sale of 2,000 shares of Common Stock on May 1, 2026 at an average price of $220.44 per share. Following this transaction, he is shown as owning 91,737 shares, including 300 direct shares and 91,437 indirect shares held by Clint Hurt and Associates, a privately controlled company.
PrimeEnergy Resources Corp insider reporting shows an indirect open-market sale of common shares associated with Robert De Rothschild through Amrace Inc. On April 27, 2026, Amrace Inc. sold 13,274 common shares at a weighted average price of $231.5973 per share in multiple trades.
The filing notes that, after these sales, 187,483 shares are held of record by Amrace Inc., and the reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Director Clint Hurt of PRIMEENERGY RESOURCES CORP reported an open-market sale of 10,000 shares of common stock at $230.92 per share. After this sale, he reports ownership of 93,737 shares, including 300 direct shares and 93,437 indirect shares held by Clint Hurt and Associates, a privately controlled company.