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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 wells and owns non-operating interests and royalties. 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 operations, 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 based in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $186M | $108M | $26M | $21M | 12.2% | -20.5% | -52.5% |
| 2024 | $234M | $149M | $55M | $-3M | 27.3% | 90.0% | 97.1% |
| 2023 | $123M | $66M | $28M | $-5M | 17.5% | -10.2% | -42.3% |
| 2022 | $137M | $87M | $49M | $17M | 34.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 137.10 | 123.12 | 233.89 | 185.91 |
| Cost Of Revenue | 76.31 | 81.72 | 145.46 | 136.91 |
| Gross Profit | 60.78 | 41.40 | 88.43 | 49 |
| Operating Expense | 20.90 | 16.33 | 19.62 | 19.43 |
| Operating Income | 39.88 | 25.07 | 68.82 | 29.58 |
| EBITDA | 87.30 | 65.73 | 149.22 | 108.45 |
| EBIT | 59.90 | 34.76 | 72.72 | 32.72 |
| Pretax Income | 58.99 | 34.22 | 71.17 | 30.49 |
| Tax Provision | 10.33 | 6.12 | 15.77 | 4.18 |
| Net Income | 48.66 | 28.10 | 55.40 | 26.31 |
| Net Income Common Stockholders | 48.66 | 28.10 | 55.40 | 26.31 |
| Total Expenses | 97.21 | 98.05 | 165.08 | 156.33 |
| Interest Expense | 0.91 | 0.54 | 1.55 | 2.23 |
| Interest Income | 0.27 | 0.42 | 0.18 | 1.54 |
| Selling General And Administration | 20.23 | 15.64 | 18.88 | 18.38 |
| Normalized EBITDA | 67.55 | 56.47 | 145.50 | 106.84 |
| Normalized Income | 32.37 | 20.49 | 52.51 | 24.93 |
| Basic EPS | 24.91 | 15.19 | 31.43 | 0 |
| Diluted EPS | 17.95 | 10.77 | 21.95 | 0 |
| Tax Effect Of Unusual Items | 3.46 | 1.66 | 0.82 | 0.22 |
| Tax Rate For Calcs | 0.18 | 0.18 | 0.22 | 0.14 |
| Total Unusual Items | 19.75 | 9.27 | 3.72 | 1.61 |
| Total Unusual Items Excluding Goodwill | 19.75 | 9.27 | 3.72 | 1.61 |
| Net Income From Continuing Operation Net Minority Interest | 48.66 | 28.10 | 55.40 | 26.31 |
| Reconciled Depreciation | 27.40 | 30.98 | 76.50 | 75.72 |
| Reconciled Cost Of Revenue | 76.31 | 81.72 | 145.46 | 136.91 |
| Net Interest Income | -0.64 | -0.12 | -1.36 | -0.69 |
| Net Income From Continuing And Discontinued Operation | 48.66 | 28.10 | 55.40 | 26.31 |
| Total Operating Income As Reported | 59.66 | 0 | 0 | 0 |
| Diluted Average Shares | 2.71 | 2.61 | 2.52 | 0 |
| Basic Average Shares | 1.95 | 1.85 | 1.76 | 0 |
| Diluted NI Availto Com Stockholders | 48.66 | 28.10 | 55.40 | 26.31 |
| Minority Interests | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 48.66 | 28.10 | 55.40 | 26.31 |
| Net Income Continuous Operations | 48.66 | 28.10 | 55.40 | 26.31 |
| Other Income Expense | 19.75 | 9.27 | 3.72 | 1.61 |
| Special Income Charges | 31.79 | 8.85 | 3.72 | 1.61 |
| Gain On Sale Of Ppe | 31.79 | 8.85 | 3.72 | 1.61 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | -12.04 | 0.41 | 0 | 0 |
| Net Non Operating Interest Income Expense | -0.64 | -0.12 | -1.36 | -0.69 |
| Interest Expense Non Operating | 0.91 | 0.54 | 1.55 | 2.23 |
| Interest Income Non Operating | 0.27 | 0.42 | 0.18 | 1.54 |
| Other Operating Expenses | 0.67 | 0.68 | 0.73 | 1.05 |
| General And Administrative Expense | 20.23 | 15.64 | 18.88 | 18.38 |
| Other Gand A | 20.23 | 15.64 | 18.88 | 18.38 |
| Operating Revenue | 137.10 | 123.12 | 233.89 | 185.91 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PrimeEnergy Resources Corporationthis co. | PNRG | $346M | 19.73 | 1.64 | 12.2% | 3.15 |
| Summit Midstream Corporation | SMC | $426M | - | 0.87 | -0.2% | 10.21 |
| Ranger Energy Services, Inc. | RNGR | $419M | 27.97 | 1.38 | 4.1% | 6.92 |
| NACCO Industries, Inc. | NC | $368M | 20.80 | 0.85 | 4.1% | -28.08 |
| enCore Energy Corp. | EU |
| $361M |
| - |
| 1.51 |
| -22.0% |
| -6.72 |
| Infinity Natural Resources, Inc. | INR | $305M | 18.27 | 0.82 | 2.4% | 3.72 |
| Kolibri Global Energy Inc. | KGEI | $206M | 13.49 | 1.01 | 7.6% | 6.37 |
| New Fortress Energy Inc. | NFE | $198M | - | 1.08 | -595.4% | 144.47 |
| Epsilon Energy Ltd. | EPSN | $192M | - | 1.54 | -4.6% | 7.02 |
| Peer Median | - | 19.53 | 1.04 | 1.1% | 6.65 | |