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PrimeEnergy Resources Corporation

PrimeEnergy Resources Corporation

NASDAQ•PNRG
CEO: Mr. Charles E. Drimal Jr.
Sector: Energy
Industry: Oil & Gas Exploration & Production
Listing Date: 1980-03-17
PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties; and operates approximately 534 active wells and owns non-operating interests and royalties in 952 additional wells. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support, site-preparation, and construction services for oil and gas drilling and reworking operations. The company was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. PrimeEnergy Resources Corporation was incorporated in 1973 and is headquartered in Houston, Texas.
Contact Information
9821 Katy Freeway, Houston, TX, 77024, United States
713-735-0000
primeenergy-resources-corporation.ir.rdgfilings.com
Market Cap
$311.94M
P/E (TTM)
12.4
19.5
Dividend Yield
--
52W High
$243.49
52W Low
$126.40
52W Range
54%
Rank39Top 29.7%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$44.66M-35.69%
4-Quarter Trend

EPS

$6.41-49.25%
4-Quarter Trend

FCF

$15.35M-735.17%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Net Income Drop Nine months 2025 Net Income $22.925M versus $53.127M in 2024, primarily reflecting lower realized oil prices.
Total Revenue Decreased Total revenues $138.010M for nine months, down 21.41% from $177.270M prior period due to lower sales volumes.
Gas Revenue Surged Gas revenue increased 286.91% to $8.040M for three months, driven by average price rising to $1.13 per Mcf.
Lower Capital Expenditures Investing $67.956M in CapEx for nine months, significantly reduced from $98.395M utilized in the prior year.

Risk Factors

Oil Price Realization Decline Average realized oil price dropped 15.91% to $65.08 per barrel for nine months, impacting overall revenue.
DD&A Expense Increased Depreciation, depletion, amortization rose 20.50% to $55.242M for nine months due to new reserves added.
Credit Facility Covenants Must maintain financial covenants; failure risks lenders refusing advances or declaring principal and interest immediately due.
Field Service Income Fell Field service income decreased 28.74% to $6.4M for nine months, reflecting the sale of South Texas service company.

Outlook

Major West Texas Investment Anticipate investing approximately $224M in horizontal drilling across West Texas over the next several years.
2025 Horizontal Development Plan to invest $98M in 44 horizontal wells during 2025, focusing on Midland Basin development activity.
Liquidity Preservation Strategy Strategy focuses on preserving ample liquidity; capital budget relies on expected cash flows and credit facility availability.
Future Share Repurchases Expect future stock purchases under existing program, funded by internally generated cash flow or working capital.

Peer Comparison

Revenue (TTM)

Berry CorporationBRY
$680.16M
-26.6%
Ranger Energy Services, Inc.RNGR
$547.80M
-5.5%
Summit Midstream CorporationSMC
$526.82M
+17.1%

Gross Margin (Latest Quarter)

PrimeEnergy Resources CorporationPNRG
94.8%
-1.4pp
Amplify Energy Corp.AMPY
92.1%
-1.7pp
Summit Midstream CorporationSMC
72.9%
+47.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GPRK$377.18M8.821.3%60.9%
SMC$333.62M-22.5-2.6%44.8%
GFR$331.95M2.324.6%25.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-9.5%
Growth Under Pressure
4Q Net Income CAGR
66.8%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:May 18, 2026
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EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 19, 2025|
    Revenue: $44.66M-35.7%
    |
    EPS: $6.41-49.2%
    N/A

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 19, 2025|
    Revenue: $41.81M-35.3%
    |
    EPS: $1.94-82.5%
    N/A

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 19, 2025|
    Revenue: $49.37M+16.4%
    |
    EPS: $5.40-13.9%
    N/A

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 15, 2025|
    Revenue: $233.89M+90.0%
    |
    EPS: $31.43+106.9%
    N/A

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 14, 2024|
    Revenue: $69.46M+96.4%
    |
    EPS: $12.63+116.3%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 14, 2024|
    Revenue: $64.60M+118.2%
    |
    EPS: $11.08+107.1%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 17, 2024|
    Revenue: $42.42M+87.3%
    |
    EPS: $6.27+736.0%
    N/A

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 15, 2024|
    Revenue: $123.13M-10.2%
    |
    EPS: $15.19-39.0%
    N/A