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 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 137.10 | 123.12 | 233.89 | 185.91 |
| Operating Revenue | - | 137.10 | 123.12 | 233.89 | 185.91 |
| Cost Of Revenue | - | 76.31 | 81.72 | 145.46 | 136.90 |
| Gross Profit | - | 60.78 | 41.40 | 88.43 | 49 |
| Operating Expense | - | 20.90 | 16.33 | 19.62 | 19.43 |
| Selling General And Administration | - | 20.23 | 15.64 | 18.88 | 18.38 |
| Total Expenses | - | 97.21 | 98.05 | 165.08 | 156.33 |
| Operating Income | - | 39.88 | 25.07 | 68.82 | 29.58 |
| Total Operating Income As Reported | 4.96 | 59.66 | - | - | - |
| EBITDA | - | 87.30 | 65.73 | 149.22 | 108.45 |
| Normalized EBITDA | - | 67.55 | 56.46 | 145.50 | 106.84 |
| EBIT | - | 59.90 | 34.76 | 72.72 | 32.72 |
| Interest Income | - | 0.27 | 0.42 | 0.18 | 1.54 |
| Interest Expense | - | 0.91 | 0.54 | 1.55 | 2.23 |
| Net Interest Income | - | -0.64 | -0.12 | -1.36 | -0.70 |
| Other Income Expense | - | 19.75 | 9.27 | 3.72 | 1.61 |
| Interest Income Non Operating | - | 0.27 | 0.42 | 0.18 | 1.54 |
| Interest Expense Non Operating | - | 0.91 | 0.54 | 1.55 | 2.23 |
| Net Non Operating Interest Income Expense | - | -0.64 | -0.12 | -1.36 | -0.70 |
| Pretax Income | - | 58.99 | 34.22 | 71.17 | 30.49 |
| Tax Provision | - | 10.33 | 6.12 | 15.77 | 4.18 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 3.46 | 1.66 | 0.83 | 0.22 |
| Net Income Continuous Operations | - | 48.66 | 28.10 | 55.40 | 26.31 |
| Net Income From Continuing And Discontinued Operation | - | 48.66 | 28.10 | 55.40 | 26.31 |
| Net Income From Continuing Operation Net Minority Interest | - | 48.66 | 28.10 | 55.40 | 26.31 |
| Net Income | - | 48.66 | 28.10 | 55.40 | 26.31 |
| Net Income Common Stockholders | - | 48.66 | 28.10 | 55.40 | 26.31 |
| Net Income Including Noncontrolling Interests | - | 48.66 | 28.10 | 55.40 | 26.31 |
| Normalized Income | - | 32.37 | 20.49 | 52.51 | 24.93 |
| Diluted NI Availto Com Stockholders | - | 48.66 | 28.10 | 55.40 | 26.31 |
| Basic Average Shares | - | 1.95 | 1.85 | 1.76 | 1.66 |
| Diluted Average Shares | - | 2.71 | 2.61 | 2.52 | 2.42 |
| Reconciled Depreciation | - | 27.40 | 30.98 | 76.50 | 75.72 |
| Reconciled Cost Of Revenue | - | 76.31 | 81.72 | 145.46 | 136.90 |
| Total Unusual Items | - | 19.75 | 9.27 | 3.72 | 1.61 |
| Total Unusual Items Excluding Goodwill | - | 19.75 | 9.27 | 3.72 | 1.61 |
| Minority Interests | -0.03 | 0 | - | - | - |
| Special Income Charges | - | 31.79 | 8.85 | 3.72 | 1.61 |
| Other Special Charges | -1.69 | - | - | - | - |
| Gain On Sale Of Security | -4.91 | -12.04 | 0.41 | - | - |
| General And Administrative Expense | - | 20.23 | 15.64 | 18.88 | 18.38 |
| Other Gand A | - | 20.23 | 15.64 | 18.88 | 18.38 |
| Gain On Sale Of Ppe | - | 31.79 | 8.85 | 3.72 | 1.61 |
| Other Operating Expenses | - | 0.67 | 0.68 | 0.73 | 1.05 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PrimeEnergy Resources Corporationthis co. | PNRG | $299M | 11.35 | 1.38 | 12.2% | 2.72 |
| Summit Midstream Corporation | SMC | $415M | -217.87 | 0.95 | -0.4% | 7.00 |
| NACCO Industries, Inc. | NC | $392M | 22.32 | 0.91 | 4.1% | 10.22 |
| Ranger Energy Services, Inc. | RNGR | $389M | 31.59 | 1.29 | 4.1% | 6.28 |
| enCore Energy Corp. | EU |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $308M |
| -5.41 |
| 1.34 |
| -24.8% |
| -7.40 |
| Infinity Natural Resources, Inc. | INR | $252M | 10.60 | 0.82 | 7.7% | 2.32 |
| Kolibri Global Energy Inc. | KGEI | $202M | 13.03 | 0.99 | 7.6% | 6.11 |
| Epsilon Energy Ltd. | EPSN | $179M | -30.93 | 1.44 | -4.6% | 30.11 |
| Evolution Petroleum Corporation | EPM | $163M | 110.65 | 2.27 | 2.1% | 7.38 |
| Peer Median | - | 11.82 | 1.14 | 3.1% | 6.64 | |