PrimeEnergy Resources Corporation Announces First Quarter Results
PrimeEnergy Resources Corporation (PNRG)
US:NASDAQ Investor Relations:
primeenergy.com/index-5.html
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today net income of $11.1 million, $5.62 per share, for the quarter ended March 31, 2022. During the period cash flow from operations and the sale of properties totaled $23.3 million and excess cash has been used to reduce bank debt. Currently the Company has no borrowings outstanding on its credit facility with $50 million of availability. The borrowing base redetermination is scheduled for June 2022 and the Company expects the availability to increase 50% to approximately $75 million.Oil and natural gas production and the average prices received (excluding gains and losses from derivatives) for the three months ended March 31, 2022 and 2021 were as follows: Three Months Ended March 31, 20222021Increase /(Decrease)Increase /(Decrease)Barrels of Oil Produced 273,000 163,000 110,00067.48%Average Price Received$96.36$56.87$39.48
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News
- Those who invested in PrimeEnergy Resources (NASDAQ:PNRG) three years ago are up 80% [Yahoo! Finance]Yahoo! Finance
- Will Weakness in PrimeEnergy Resources Corporation's (NASDAQ:PNRG) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- In spite of recent selling, insiders still have the largest holding in PrimeEnergy Resources Corporation (NASDAQ:PNRG) with a 62% ownership [Yahoo! Finance]Yahoo! Finance
PNRG
Sec Filings
- 4/15/24 - Form 10-K
- 4/2/24 - Form NT
- 3/27/24 - Form 4/A
- PNRG's page on the SEC website