PNRG

Shares of PrimeEnergy Resources Corporation PNRG have risen 5.9% since reporting second-quarter 2026 results, outperforming the S&P 500 index’s 1.8% decline. Over the past month, the stock has gained 13.8% compared with the S&P 500 index’s 3.5% advance. PrimeEnergy reported second-quarter revenues of $42.5 million, up 1.2% from $42 million a year earlier. Earnings per share climbed 106.8% to $2.75 from $1.33 in the prior-year quarter. Net income more than doubled to $6.5 million from $3.2 million. The earnings improvement came despite oil, natural gas and natural gas liquids sales declining 3.9% to $38.3 million. PrimeEnergy Corporation price-consensus-eps-surprise-chart | PrimeEnergy Corporation Quote Oil sales volumes fell 31.5% year over year to 411,000 barrels, while natural gas volumes increased 7.7% to 2.61 billion cubic feet and NGL volumes rose 4.5% to 398,000 barrels. The average realized oil price increased 73.5% to $98.85 per barrel, lifting oil revenues 18.9% to $40.6 million despite the volume decline. The realized NGL price rose 17% to $17.25 per barrel, and NGL revenues advanced 22.2% to $6.9 million. Natural gas was the principal drag. PrimeEnergy realized negative $3.53 per thousand cubic feet against positive 2 cents a year earlier. Consequently, natural gas revenues were negative $9.2 million against positive revenues of $43,000 in the prior-year quarter. For the first six months of 2026, the operating cash flow increased to $31.5 million from $29.9 million a year earlier. Cash and cash equivalents grew to $28.7 million as of June 30 from $7.4 million as of Dec. 31, 2025, and the company had no bank debt. Its $105-million borrowing base was fully available after an Aug. 3 redetermination. PrimeEnergy repurchased 31,290 shares during the quarter for $5.5 million, or an average of $177.48 per share. Following the board’s authorization of 300,000 additional shares in June, 340,544 shares remained available under the program at the quarter-end. CEO Charles E. Drimal, Jr. said that unusually severe Permian Basin gas pricing reflected rising associated-gas production, alongside constrained pipeline takeaway and transportation capacity. He noted that higher oil prices substantially offset this pressure and emphasized the company’s quarter-end cash position, absence of bank debt, continued share repurchases and progress on its development program. Management characterized the low-cost Martin County participation chiefly as a way to obtain more geological and production information. It described Upton County as the main capital commitment and said that additional buybacks could continue in the third and fourth quarters when prices are considered opportunistic. Lower costs contributed materially to the earnings increase. Oil and gas production expenses declined 10.4% year over year to $9.1 million, reflecting natural production declines and fewer wells placed on production. Depreciation, depletion and amortization fell 23.4% to $15.9 million, also because fewer wells entered service and production declined on a barrel-of-oil-equivalent basis. Interest expenses decreased 61.8% to $271,000 because borrowings were lower. These benefits were partly offset by production and ad valorem taxes, which surged 147.9% year over year to $4.5 million. Field-service expenses increased 13.8% to $1.4 million, while field-service income was nearly unchanged at $2 million. A $1.9-million net derivative gain against none a year earlier also supported reported revenues and earnings. PrimeEnergy expects to invest $52 million in 28 horizontal wells in 2026. Drilling began during the quarter on 24 wells in Martin and Upton counties, with first production expected in the fourth quarter. The company estimates a $34.1-million investment in 12 Apache-operated Upton County wells, wherein its average ownership is 41.8%. Its expected investment across 12 Oxyrock-operated Martin County wells is $120,000. At June 30, the company held WTI crude-oil swaps covering 367,000 barrels at a weighted average price of $74.84 per barrel. Management warned that constrained Permian transportation capacity could continue to depress realized natural gas pricing during the remainder of 2026. During the quarter, PrimeEnergy sold 12 net acres in Lea County, New Mexico, for gross proceeds of $150,600. The company recorded a $185,000 net gain on asset dispositions in the period. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PrimeEnergy Corporation (PNRG): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

HOUSTON, Aug. 14, 2026 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) (“PrimeEnergy” or the “Company”) today reported financial and operating results for the three and six months ended June 30, 2026. PrimeEnergy reported second quarter 2026 net income of $6.5 million, or $4.06 per basic share, compared with $3.2 million, or $1.94 per basic share, for the second quarter of 2025. For the first six months of 2026, net income was $10.9 million, or $6.72 per basic share, compared with $12.4 million, or $7.37 per basic share, for the first six months of 2025. Second quarter results reflected strong oil prices offset in part by significantly negative natural gas prices in the Permian Basin. The Company realized an average oil price of $98.85 per barrel, compared with $56.96 per barrel in the second quarter of 2025, while its average realized natural gas price declined to negative $3.53 per Mcf, resulting in negative natural gas revenue of $9.2 million. Second Quarter 2026 Highlights Net income of $6.5 million, compared with $3.2 million in the second quarter of 2025 $28.7 million in cash and no outstanding bank debt at June 30, 2026 Repurchased 31,290 shares during the quarter for approximately $5.5 million Board authorized the repurchase of an additional 300,000 shares Drilling commenced on 24 horizontal wells in Martin and Upton Counties, with first production currently expected during the fourth quarter of 2026 Management Commentary Charles E. Drimal, Jr., Chairman and Chief Executive Officer of PrimeEnergy, commented: “PrimeEnergy reported net income of $6.5 million during the second quarter despite an unusually severe natural gas pricing environment in the Permian Basin. Our realized natural gas price averaged negative $3.53 per Mcf, resulting in more than $9 million of negative natural gas revenue. These conditions continue to reflect growth in Permian associated gas production combined with constrained pipeline takeaway and transportation capacity.” “Strong oil prices provided a substantial offset. Our average realized oil price increased to $98.85 per barrel from $56.96 per barrel in the second quarter of last year, resulting in oil revenue of $40.6 million despite lower oil production.” “We ended the quarter with $28.7 million in cash and no bank debt. At the same time, we continued to repurchase shares and advance our development program.” “During the second quarter, drilling commenced on 24 horizontal wells in Martin and Upton Counties. The Upton County development represents the principal capital commitment, while our participation in the 12 Martin County wells requires only a small expenditure and is intended primarily to obtain additional geological and production data on the area. First production from the 24 wells is currently expected during the fourth quarter.” “We also continued our long-standing share repurchase program, purchasing 31,290 shares during the quarter for approximately $5.5 million. In June, our Board authorized the repurchase of an additional 300,000 shares, and we plan to continue repurchases in the third and fourth quarters if we can execute the purchases at opportunistic prices.” Development Activity In Upton County, the Company is participating with Apache in 12 horizontal wells targeting the Jo Mill, Lower Spraberry and Wolfcamp A formations. PrimeEnergy has an average ownership interest of approximately 41.8% and estimates its investment in the wells and related production facilities at approximately $34.1 million. In Martin County, the Company is participating in 12 horizontal wells being drilled by Oxyrock targeting the Jo Mill, Middle Spraberry and Barnett formations. The Company expects to invest only approximately $120,000 across the 12 wells. This participation represents a relatively small expenditure intended primarily to provide additional geological and production information regarding the area and the potential of these formations. First production from all 24 wells is currently estimated during the fourth quarter of 2026. For 2026, PrimeEnergy expects to invest approximately $52 million in 28 horizontal wells. Including approximately $113 million invested during 2024 and $96 million during 2025, the Company expects to have invested approximately $261 million in horizontal development from 2024 through 2026, primarily in the Midland Basin of West Texas. Liquidity and Share Repurchases Cash and cash equivalents increased from $7.4 million at December 31, 2025 to $28.7 million at June 30, 2026. The Company had no outstanding bank debt at June 30 and continues to have no outstanding borrowings. Effective August 3, 2026, the borrowing base under the Company’s revolving credit facility was established at $105 million, all of which is currently available. During the second quarter, PrimeEnergy repurchased 31,290 shares for approximately $5.5 million, at an average price of $177.48 per share. For the first six months of 2026, the Company repurchased 45,500 shares for approximately $8.1 million. On June 10, 2026, the Board authorized the repurchase of an additional 300,000 shares. At June 30, 2026, 340,544 shares remained available for future repurchase. The Company plans to continue repurchases in the third and fourth quarters if it can execute the purchases at opportunistic prices. As of June 30, 2026, the Company also had open NYMEX WTI crude oil swap contracts covering 367,000 barrels at a weighted average price of $74.84 per barrel. PrimeEnergy Resources Corporation is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas and providing oilfield services, primarily in Texas and Oklahoma. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact: Connie Ng – (713) 735-0000 ext. 6416 Forward-Looking Statements This release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding expected drilling and development activity, anticipated capital expenditures, timing of first production, future commodity prices and regional natural gas pricing, future stock repurchases, available liquidity and future development opportunities. These statements are based on the Company’s current expectations, assumptions, estimates and projections and involve risks and uncertainties that could cause actual results to differ materially from those anticipated, including commodity price volatility, regional pipeline and transportation constraints, drilling and completion results, operating costs, regulatory developments, geopolitical events, changes in supply and demand, weather, access to capital and other risks described in the Company’s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no duty to publicly update these statements except as required by law.

HOUSTON, June 11, 2026 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) (“PrimeEnergy” or the “Company”) At the Annual Shareholder Meeting which was held on June 10, 2026, the five (5) Directors, as nominated in the Proxy Statement dated April 24, 2026, were elected. The five directors, consisting of Charles E. Drimal, Jr., Beverly A. Cummings, H. Gifford Fong, Thomas Gimbel, and Clint Hurt will hold office until the next annual meeting of stockholders, and until their successors are elected. On June 10, 2026, the Board of Directors of the Company also authorized the repurchase of up to an additional 300,000 shares of the Company's common stock. Repurchases may be made from time to time in open-market transactions or privately negotiated transactions, at such prices and in such amounts as management deems appropriate, subject to prevailing market conditions and the Company's cash availability. PrimeEnergy is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas and Oklahoma. The Company's common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416. Forward-Looking Statements This Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.

Shares of PrimeEnergy Resources Corporation PNRG have declined 37.9% since reporting first-quarter 2026 results, significantly underperforming the S&P 500’s 2.7% return. The stock has also lagged the broader market over the past month, falling 28% against a 4.8% increase in the S&P 500. PrimeEnergy reported first-quarter 2026 net income attributable to common stockholders of $4.3 million, or $2.67 per basic share, down from $9.1 million, or $5.40 per basic share, in the year-ago quarter. Total revenues and other income declined 21.3% year over year to $39.4 million from $50.1 million. The decline was led by sharply weaker natural gas and natural gas liquids (NGL) revenues, partly offset by higher oil sales. Oil revenues increased 8.3% to $35.4 million, while natural gas revenues swung to a loss of $1 million from positive revenues of $6 million a year earlier. NGL revenues fell 39.3% to $5.2 million. PrimeEnergy Corporation price-consensus-eps-surprise-chart | PrimeEnergy Corporation Quote Total oil and gas revenues decreased 16.3% year over year to $39.5 million. Oil production rose 8.1% to 494,000 barrels, while the average realized oil price inched up 0.2% to $71.60 per barrel. Natural gas volumes sold increased 7.4% to 2.57 million Mcf, but the average realized gas price deteriorated to negative 40 cents per Mcf from positive $2.52 per Mcf in the prior-year period. NGL volumes declined 14.8%, while average realized NGL prices dropped 28.8% to $13.38 per barrel. Production expenses increased 2.1% to $9.7 million, reflecting costs associated with additional West Texas wells brought online during the second half of 2025. Production and ad valorem taxes declined 2.3% to $3.2 million. Depreciation, depletion and amortization expenses decreased 17.9% to $16.7 million, while interest expenses fell 54.2% to $0.3 million. The company also recorded a $1.9-million unrealized loss on derivative instruments during the quarter. Management highlighted the company’s ability to remain profitable despite what it described as unprecedented negative natural gas pricing in the Permian Basin. President Charles E. Drimal Jr. said that realized natural gas prices averaged negative 40 cents per Mcf during the quarter because of insufficient pipeline takeaway capacity in the region. He noted that discussions with the company’s marketing group indicate that these conditions could persist through 2026 and potentially worsen until additional pipeline infrastructure becomes operational. Drimal emphasized that PrimeEnergy’s oil-weighted asset base, strong balance sheet and disciplined capital allocation enabled the company to generate approximately $24 million in cash flow available for development activities and corporate purposes despite the difficult natural gas market environment. The primary factor behind the earnings decline was the collapse in realized natural gas pricing. While oil production and oil revenues increased year over year, negative natural gas prices reduced revenues and profitability. Management attributed the pricing weakness to continued growth in associated gas production from the Permian Basin, coupled with inadequate pipeline capacity to move volumes to end markets. The company noted that natural gas prices in the Permian Basin were affected by regional transportation constraints during the quarter and warned that these conditions could persist through the remainder of 2026. To help mitigate commodity-price volatility, PrimeEnergy maintained oil derivative contracts covering 518,000 barrels at a weighted-average price of $74.92 per barrel as of March 31, 2026. PrimeEnergy expects to invest $52 million during 2026 in horizontal drilling projects, primarily in West Texas and Oklahoma. Planned activity includes Apache-operated development in Upton County, TX, where the company expects to hold an average 41.8% ownership interest across 12 wells, indicating an investment of $50.6 million. Management also outlined additional drilling opportunities in Oklahoma with Validus Energy II and Ovintiv Mid-Continent. The company ended the quarter with $19.4 million in cash, no outstanding debt and full availability under its $115-million revolving credit facility, which was reaffirmed in February 2026. PrimeEnergy repurchased 14,500 shares of common stock during the quarter for $2.6 million at an average price of $180.81 per share. Since the inception of its repurchase program, the company has bought back 3.93 million shares for $119.6 million. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PrimeEnergy Corporation (PNRG): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

HOUSTON, May 20, 2026 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) (“PrimeEnergy” or the “Company”) today reported financial and operating results for the quarter ended March 31, 2026. PrimeEnergy reported first quarter 2026 net income attributable to common stockholders of $4.3 million, or $2.67 per basic share, compared to net income of $9.1 million, or $5.40 per basic share, for the first quarter of 2025. Despite unprecedented negative natural gas prices in the Permian Basin, the Company generated approximately $24 million in cash flow available to fund development activities and other corporate purposes during the quarter. First Quarter 2026 Highlights Generated net income of $4.3 million Generated approximately $24 million in cash flow available to fund development activities Maintained zero debt Retained full access to the Company’s $115 million revolving credit facility Repurchased 14,500 shares of common stock at an average price of $180.81 per share Continued execution of a disciplined capital program focused on high-return horizontal drilling opportunities in West Texas and Oklahoma Management Commentary Charles E. Drimal, Jr., President of PrimeEnergy, commented: “The first quarter of 2026 demonstrated the resilience of our asset base and the strength of our balance sheet. During the quarter, our realized natural gas price averaged negative $0.40 per Mcf, resulting in negative gas revenue. These unusual pricing conditions were caused by a lack of pipeline capacity in the Permian Basin.” “Based on discussions with our marketing group, we expect this pricing environment may continue throughout 2026 and could become more severe until additional pipeline capacity is placed into service.” “Despite these unprecedented market conditions, PrimeEnergy remained profitable and generated approximately $24 million in cash flow during the quarter. We ended the quarter with no debt outstanding and full availability under our $115 million revolving credit facility, providing substantial financial flexibility to continue developing our assets.” “We also continued our long-standing share repurchase program, acquiring 14,500 shares during the quarter at an average price of approximately $180.81 per share. We believe our common stock continues to trade at a substantial discount to the intrinsic value of our assets, and we remain committed to allocating capital in a manner that maximizes long-term per-share value for our stockholders.” “Apache Corporation has informed us that drilling activity on the Permian Basin project in which we participate is expected to commence in June. We currently expect to invest approximately $52 million during 2026 in this project and continue to pursue additional attractive horizontal development opportunities in West Texas and Oklahoma.” Commodity Price Impact Natural gas prices in West Texas were materially impacted by regional takeaway constraints and oversupply conditions during the quarter. PrimeEnergy’s realized natural gas price averaged negative $0.40 per Mcf, compared with positive $2.52 per Mcf in the first quarter of 2025. The negative pricing environment reflects continued growth in Permian Basin associated gas production combined with insufficient pipeline takeaway capacity to transport gas to end markets. While negative gas prices reduced earnings, the Company’s diversified production base, oil-weighted revenues, and disciplined cost structure enabled it to remain profitable and continue generating substantial cash flow. Liquidity and Capital Resources PrimeEnergy ended the quarter with: $19.4 million in cash and cash equivalents No outstanding bank debt $115 million of unused borrowing capacity under its revolving credit facility The borrowing base under the Company’s revolving credit facility was reaffirmed at $115 million in February 2026. Share Repurchase Program During the quarter, the Company repurchased 14,500 shares of common stock for approximately $2.6 million. Since inception of the repurchase program, PrimeEnergy has repurchased approximately 3.93 million shares for an aggregate purchase price of approximately $119.6 million. PrimeEnergy Resources Corporation is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416.

Shares of PrimeEnergy Resources Corporation PNRG have risen 7.3% since reporting results for 2025, outperforming the S&P 500 index’s 0.3% return. However, over the past month, the stock has declined 5.4%, lagging the broader market’s 6.2% advance. PrimeEnergy reported total revenues of $189.1 million for 2025, down 20.5% from $237.8 million in 2024. Net income also fell sharply to $26.3 million, or $15.85 per basic share, from $55.4 million, or $31.43 per share, in the prior year. This represents declines of 52.5% in net income and 49.6% in earnings per share. These decreases were primarily attributed to lower realized prices for oil and natural gas liquids (NGLs), which outweighed gains from increased natural gas production and pricing. PrimeEnergy Corporation price-consensus-eps-surprise-chart | PrimeEnergy Corporation Quote Operationally, the company delivered strong production growth in natural gas and NGLs. Natural gas production rose 26.5% year over year to 9.8 Bcf, while NGL production increased 28.5% to 1.66 million barrels. In contrast, oil production declined 10.6% year over year to 2.29 million barrels. Pricing trends were mixed across commodities. Realized natural gas prices surged 77.3%, providing a meaningful boost to gas-related revenues. However, oil prices fell 16.5% and NGL prices declined 24.4%, significantly impacting overall revenues, given oil’s position as the company’s largest revenue contributor. Average oil prices dropped to $63.32 per barrel in 2025 from $75.80 in 2024, while NGL prices fell to $15.32 per barrel from $20.25. Conversely, natural gas prices improved to 76 cents per Mcf from 43 cents, reinforcing the shift in revenue mix toward gas. Management emphasized resilience amid commodity price volatility, particularly in oil and NGL markets. CEO Charles Drimal highlighted the company’s continued execution of its long-term strategy, including maintaining a strong balance sheet and growing reserves. He also underscored the company’s disciplined capital allocation approach, particularly its long-running share repurchase program, which has reduced shares outstanding from 7.6 million to 1.6 million over time. The focus on per-share value creation through buybacks remains a central theme in management’s strategy, suggesting a preference for returning capital to shareholders rather than pursuing aggressive expansion. The primary driver of the year-over-year decline in financial performance was lower realized oil and NGL prices, which offset the benefits of increased natural gas production and higher gas prices. Oil remains the dominant contributor to revenues, making the company particularly sensitive to fluctuations in crude prices. At the same time, the company benefited from strong operational execution, including increased production volumes and efficiency gains. Production cost improvements are evident, with average production costs per equivalent barrel declining to $8.07 in 2025 from $9.29 in 2024, reflecting improved cost management. The broader macro environment also played a role, with global oil price pressures and shifting supply-demand dynamics influencing realized pricing. Increased natural gas prices partially mitigated these headwinds but were insufficient to fully offset declines in oil and NGL revenues. PrimeEnergy ended 2025 in a strong financial position, reporting zero outstanding bank debt and full availability under its $115-million credit facility. This debt-free status provides significant financial flexibility, allowing the company to navigate commodity price cycles and fund development activities without immediate reliance on external financing. The company also generated more than $100 million in cash available for reinvestment for the second consecutive year, reinforcing its ability to sustain operations and capital programs internally. Management indicated a continued focus on disciplined capital allocation, reserve growth and maintaining liquidity. The company outlines plans to adjust capital spending based on commodity prices and available cash flows, with flexibility to scale investment or pursue asset sales and joint ventures as needed. Future drilling activity is expected to remain concentrated in West Texas, with potential investments of up to $187 million over the next several years in horizontal drilling projects, depending on market conditions. The company reported no major acquisitions or divestitures during the period, although it did generate $2.2 million from the sale of acreage and commercial property in 2025. Overall, PrimeEnergy’s latest results reflect a company navigating commodity price headwinds while maintaining operational strength and financial discipline. The divergence between improving gas fundamentals and weaker oil pricing remains a key dynamic shaping its performance and outlook. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PrimeEnergy Corporation (PNRG): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

HOUSTON, April 16, 2026 (GLOBE NEWSWIRE) -- PrimeEnergy Resources (the “Company”) today reported financial and operating results for the year ended December 31, 2025, highlighting strong operational performance in natural gas and natural gas liquids (“NGL”), continued balance sheet strength, and disciplined capital allocation. Total revenue for 2025 was $189.1 million, compared to $237.8 million in 2024. Net income totaled $26.3 million, or $15.85 per basic share, compared to $55.4 million, or $31.43 per basic share, in the prior year. The decrease in revenue and earnings was primarily driven by lower realized oil and NGL prices, partially offset by increased natural gas production and higher natural gas prices. Oil remains the Company’s largest revenue contributor, and lower realized oil prices were the primary driver of the year-over-year decline in revenue. The Company reported strong operational performance during 2025, with natural gas production increasing 26.5% to 9.8 Bcf and NGL production increasing 28.5% to 1.66 million barrels. Oil production declined 10.6% to 2.29 million barrels. Realized natural gas prices increased 77.3%, while oil and NGL prices declined 16.5% and 24.4%, respectively. As a result, natural gas revenue increased materially year-over-year, partially offsetting declines in oil and NGL revenue. The Company ended 2025 with a strong financial and liquidity position, including zero outstanding bank debt and full availability under its $115 million reserve-based credit facility. “Our 2025 results reflect the impact of commodity price volatility, particularly in oil and NGL markets, while also demonstrating continued execution of our strategy,” said Chairman and CEO, Charles Drimal. “We maintained a strong balance sheet, grew our reserve base, and, for the second consecutive year, generated over $100 million of cash available for reinvestment in our business. Importantly, our long-standing share repurchase program remains a central component of our capital allocation framework. Over time, we have reduced our shares outstanding from approximately 7.6 million to 1.6 million, significantly increasing each shareholder’s ownership in our assets and cash flow. We believe this disciplined approach continues to drive long-term per-share value.” PrimeEnergy Resources Corporation is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416. Forward-Looking Statements This Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.

Survey Results Refine Lake-Floor Geometry And Support Winter Drill Planning At Tharsis Project CALGARY, Alberta, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS6) (“Pan American” or the “Company”) is pleased to report the completion of final bathymetric processing from the 2025 field program at the Tharsis Project in the Northwest Territories. The work provides a supportive dataset in advance of planned future drilling activities. The bathymetric survey was conducted across Squalus Lake during September 2025 and resulted in the collection of approximately 17,500 depth measurements across the boat-accessible portions of the lake. Data were acquired along east-west traverse lines spaced at roughly 100 metres, with additional incidental measurements collected during routine watercraft travel, increasing overall data density (see Figure 1). Survey coverage was continuous across most of the lake basin, with limited gaps in shallow, boulder-dominated areas where low water conditions restricted access. Following acquisition, the bathymetric point cloud was cleaned and interpolated into a continuous digital surface model (see Figure 2). The final clipped digital elevation model (DEM) captured lake-floor depth and has been integrated with existing airborne magnetic data (see Figure 3). The resulting dataset successfully defines the basin geometry, identifying shallow shoals and deeper troughs. Adrian Lamoureux, CEO of Pan American Energy, commented: “This bathymetric dataset improves our readiness for winter exploration at Tharsis, helping to reduce uncertainty around lake depths and potential ice-based access for drill rigs.” The completed bathymetric model establishes depth constraints for safe winter operations and will be used alongside geological and geophysical datasets as Pan American continues to refine drill targeting and evaluate near-term exploration scenarios at the Tharsis Project. Figure 1. Location of the survey points (point depth in meters). Figure 2 Three-dimensional view of the Squalus Lake DEM. Figure 3 Squalus Lake DEM overlaid with 2023 magnetic data. Qualified Person The scientific and technical content of this news release has been reviewed, verified, and approved by Jared Suchan, Ph.D., P.Geo., Technical Advisor to the Company and a “Qualified Person” as defined by National Instrument 43-101. For a discussion of the Company’s QA/QC and data verification procedures and processes, please see its most recently-filed technical report under the Company’s profile at www.sedarplus.ca. About Pan American Energy Corp. Pan American Energy Corp. (CSE: PNRG) (OTC: PAANF) (FSE: SS60) is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America. The Company has executed an option agreement in Canada with Magabra Resources pursuant to which it has acquired a 75% interest in the Big Mack Lithium Project, 80 km north of Kenora, Ontario, with the right to earn an additional 15% for a total 90% interest. Pan American has also entered into an option agreement with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis REE Project, located in the Northwest Territories. The project hosts the Squalus Lake Alkaline Complex, a Proterozoic-age carbonatite-bearing intrusion prospective for rare earth and high field strength elements. On Behalf of the Board of Directors: Adrian Lamoureux CEO Contact: Phone: (587) 885-5970 Email: [email protected] Cautionary Note Regarding Forward-Looking Statements This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding the Company’s exploration and other plans with respect to its mineral properties, including, but not limited to plans for future drill programs, and the geological potential of such properties, as well as future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The CSE has neither approved nor disapproved the information contained herein. Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7c8d0579-00a8-4cb8-bfa6-9d6509d75072 https://www.globenewswire.com/NewsRoom/AttachmentNg/89a6a0f0-793a-4e21-a70c-94a856d7919f https://www.globenewswire.com/NewsRoom/AttachmentNg/50357654-989d-4387-b530-b48618262b90

Shares of PrimeEnergy Resources Corporation PNRG have gained 1.4% since the company reported its earnings for the third quarter of 2025. This compares favorably with the S&P 500 Index’s 0.1% increase over the same time. In the past month, the stock has risen 0.5% against the S&P 500’s 3.4% decline. PrimeEnergy posted third-quarter 2025 revenues of $46 million, down from $69.5 million a year earlier. Net income for the quarter was $10.6 million compared with $22.1 million in the year-ago period. Basic earnings per share were $6.41, roughly half of the $12.63 recorded in the third quarter of 2024, while diluted EPS fell to $4.38 from $8.80. The year-over-year declines reflected weaker oil and natural gas liquids (NGL) realizations and lower oil volumes, partially offset by stronger natural-gas volumes and pricing. PrimeEnergy Corporation price-consensus-eps-surprise-chart | PrimeEnergy Corporation Quote Oil, gas and NGL sales continued to make up the bulk of PrimeEnergy’s quarter. Oil revenues fell 38.1% to $34.8 million on a 33.3% drop in barrels sold and a 7.2% decline in the average realized oil price. NGL revenues slipped 21.7% to $5.6 million, driven by a lower realized NGL price despite relatively stable volumes. Offsetting part of that weakness, natural-gas revenues more than tripled to $2 million as gas sold rose 6.6%, and the average realized gas price increased sharply from 30 cents per Mcf to 86 cents per Mcf. Together, total oil-and-gas revenues declined 33.8% to $42.4 million for the quarter. Cost performance was mixed. Lease operating expense decreased 18.9% to $10.4 million, and production and ad valorem taxes declined 9.1% to $2.4 million, tracking the lower oil-heavy revenue base. Depreciation, depletion and amortization (DD&A) also fell 22.7% year over year to $14.1 million, reflecting the natural decline of mature wells even as newer horizontals added reserves. General and administrative expenses improved 22.9% to $3 million, mainly from lower compensation and corporate costs. Interest expense was modestly higher at $0.48 million, consistent with higher borrowing costs earlier in the year. On the balance sheet side, PrimeEnergy ended Sept. 30, 2025 with $3.7 million in cash and no outstanding bank debt, leaving the full $115 million borrowing base undrawn at quarter-end. The company also continued to shrink its share count, repurchasing 13,000 shares in the third quarter and 73,470 shares year to date under its long-running buyback program. Management emphasized capital discipline alongside shareholder returns. Chairman and CEO Charles E. Drimal, Jr. said that the company is “balancing disciplined investment with opportunities to return capital to shareholders,” pointing to a strong balance sheet and high insider ownership as signs of long-term alignment. The press release also highlighted that insiders control a meaningful stake, with Drimal holding voting control of about 56.5% of fully diluted shares and other insiders, and a major shareholder holding another 20%. The main drag on year-over-year results was oil. PrimeEnergy’s oil volumes declined as mature properties naturally depleted, and realized oil prices trended lower versus last year. NGL pricing pressure added to the revenue contraction. By contrast, natural-gas performance was a bright spot, with higher gas volumes and significantly better pricing, boosting gas revenues from a small base. Operationally, the company continued its horizontal development program, especially in the Midland Basin of West Texas. During the third quarter of 2025, PrimeEnergy participated in 15 Double Eagle-operated “Full House” wells in Reagan County, TX, investing about $30.1 million, and in eight “Horseshoe” wells in Midland County, TX, with Vital Energy, investing about $5.4 million. These wells were brought online by quarter-end or shortly thereafter, supporting longer-term production. PrimeEnergy reiterated expectations for steady horizontal activity. Management expects to invest about $98 million in 44 horizontal wells during 2025, following $96 million spent on 35 horizontals in 2023 and $113 million on 48 horizontals in 2024. Looking beyond 2025, the company outlined a multi-year Permian drilling opportunity, estimating more than 100 potential horizontal locations on its acreage and projecting roughly $224 million of horizontal investment over the next several years if proposals proceed. Liquidity is expected to remain supported by operating cash flow and the revolving credit facility. The only disposition noted in 2025 was a $0.6 million gain on the sale of a fully depreciated workover rig in the first quarter. Comparability of field-service income and expense continues to be affected by the sale of the South Texas service company in the third quarter of 2024, which reduced both revenues and costs in 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PrimeEnergy Corporation (PNRG): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Houston, Nov. 19, 2025 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (PNRG) (the “Company”) today announced financial and operational results for the quarter ended September 30, 2025, as reported in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Financial Results • Net income was $10.6 million for the quarter and $22.9 million year-to-date. • Operating cash flow totaled $84.5 million for the first nine months of 2025. • Total oil, gas, and NGL revenue was $45.97 million for the quarter. Production & Sales Data • Q3 production: 505 MBbl oil, 2.3 Bcf natural gas, 362 MBbl NGLs • Nine-month production: 1.56 MMbbl oil, 7.1 Bcf gas, 1.20 MMbbl NGLs Balance Sheet and Liquidity As of September 30, 2025, the Company reported zero outstanding bank debt and full availability under its $115 million revolving credit facility. The Company continues to evaluate opportunities for disciplined development and acquisitions while preserving liquidity. Capital Allocation & Shareholder Alignment The Company retired 73,470 shares year-to-date, reducing outstanding shares by more than 4%. Chairman and CEO, Charles E. Drimal, Jr. maintains voting control of approximately 56.5% of fully diluted shares. Directors and a major shareholder collectively hold an additional 20% of the Company’s equity. Operational Update The Company continued development across core acreage in Texas and Oklahoma while prioritizing long-lived production and capital discipline. Gas revenue increased significantly due to higher pricing and increased volumes, while oil volumes declined due to natural decline in mature assets. Management Commentary “We continue to balance disciplined investment with opportunities to return capital to shareholders,” said Chairman and CEO, Charles E. Drimal, Jr. “Our strong balance sheet and high insider ownership reflect long-term strategic alignment.” If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416. Forward-Looking Statements This Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.