Primeenergy Resources CorpPNRG
What Primeenergy Resources Corp does.
PrimeEnergy Resources Corporation (the “Company”) was organized in March 1973, under the laws of the State of Delaware. We are an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas. We presently own producing and non-producing properties located primarily in Texas, and Oklahoma. All of our oil and gas properties and interests are located in the United States. Through our subsidiaries Prime Operating Company and EOWS Midland Company, we act as operator and provide well-servicing support operations for many of the onshore oil and gas wells we operate, as well as for third parties. We are also active in the acquisition of producing oil and gas properties through joint ventures with industry partners. In addition, we own a 12.5% overriding royalty interest in over 30,000 acres in the state of West Virginia. We are currently not receiving revenue from this asset, as development has not begun. In addition, through a wholly owned offshore company, we own a currently idle 60-mile-long pipeline offshore on the shallow shelf of Texas.
PrimeEnergy files or furnishes annual, quarterly, and current reports, proxy statements, and other documents with the SEC under the Securities Exchange Act of 1934 (the “Exchange Act”). The SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers, including PrimeEnergy, that file electronically with the SEC.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $58.4M | $72.5M | $157.1M | $132.8M | $237.8M | $189.1M |
| Net income | -$2.3M | $2.1M | $48.7M | $28.1M | $55.4M | $26.3M |
| Free cash flow | — | — | — | — | -$3.3M | $20.8M |
More on PNRG.
- Primeenergy Resources Corp summary
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- Primeenergy Resources Corp earnings
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- Primeenergy Resources Corp ownership and insiders
- Primeenergy Resources Corp peers
Figures from Primeenergy Resources Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.