PNRG

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 a...

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 dri...

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...

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...

The share price of PrimeEnergy Resources Corporation (NASDAQ:PNRG) surged by 22.24% between November 21 and November 28, 2025, putting it among the Energy Stocks that Gained the Most This Week. PrimeEnergy Resources Corporation (NASDAQ:PNRG) engages in the acquisition, development, and production of oil and natural gas properties in the United States. PrimeEnergy Resources Corporation (NASDAQ:PNRG) jumped after announcing its third-quarter results on November 19, with the company’s net income surging by over 231% sequentially to $10.6 million. Revenue also grew by almost 10% QoQ to around $46 million. Meanwhile, production for the quarter totaled 505 MBbl of oil, 2.3 Bcf of natural gas, and 362 MBbl of natural gas liquids. PrimeEnergy Resources Corporation (NASDAQ:PNRG) maintains a robust balance sheet and generated solid operating cash flow of $84.5 million for the first nine months of 2025. Moreover, as of September 30, the company reported zero outstanding bank debt and full availability under its $115 million revolving credit facility. Despite the recent uptick, the share price of PrimeEnergy Resources Corporation (NASDAQ:PNRG) has declined by almost 11% since the beginning of 2025. While we acknowledge the potential of PNRG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Renewable Energy Dividend Stocks to Buy Now and 14 Best Utility Dividend Stocks to Buy Now. Disclosure: None.

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 13,0...

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...

HOUSTON (AP) — HOUSTON (AP) — PrimeEnergy Corp. (PNRG) on Wednesday reported profit of $10.6 million in its third quarter. On a per-share basis, the Houston-based company said it had net income of $4.38. The investor in the oil and gas industry posted revenue of $46 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNRG at https://www.zacks.com/ap/PNRG

Shares of PrimeEnergy Resources Corporation PNRG have declined 1.7% since reporting results for the second quarter of 2025. This compares with the S&P 500 index’s 0.9% rise over the same time frame. Over the past month, the stock has declined 17.2% against the S&P 500’s 1.5% growth. PrimeEnergy posted revenues of $42 million for the second quarter of 2025, down 35% from $64.8 million in the same quarter last year. Net income dropped to $3.2 million from $19.7 million a year ago, while diluted earnings per share fell to $1.33 from $7.77. For the first half of 2025, revenues totaled $92 million compared with $107.8 million in the prior year, while net income was $12.4 million, down from $31.1 million. The steep declines were driven by lower oil prices, though higher natural gas and NGL volumes created headwinds. PrimeEnergy Corporation price-consensus-eps-surprise-chart | PrimeEnergy Corporation Quote Oil sales dropped sharply in the quarter to $34.2 million from $56.2 million a year earlier, reflecting a 14% decline in production volumes and a 30% drop in realized oil prices. Conversely, natural gas revenues plunged 48% to just $43,000 due to weaker realized prices despite higher volumes. Natural gas liquids sales, however, rose 5% to $5.6 million, as a 39% increase in volumes offset lower prices. Field service income also fell 32% to $2 million as the company scaled back its service operations. Expenses offered a mixed picture. Oil and gas production costs declined 19% year over year to $10.1 million, while production and ad valorem taxes fell more than 50%, in line with weaker revenue streams. General and administrative expenses declined 23% to $3 million, but depreciation, depletion and amortization jumped 20% to $20.8 million due to new wells brought online. Interest expenses more than tripled to $0.7 million, reflecting higher borrowings under the company’s credit facility. Chairman Charles E. Drimal, Jr. emphasized the resilience of the company’s diversified production base, noting that while oil volumes were modestly lower, natural gas and NGL production delivered strong growth. He highlighted the importance of maintaining a balanced production mix and reiterated the company’s commitment to disciplined capital allocation and shareholder returns. Management also underscored its confidence in long-term value creation through continued execution of its de...

HOUSTON, Aug. 20, 2025 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) today announced financial results for the second quarter and first half of 2025. While year-over-year revenue and earnings declined due to lower oil prices, the Company continued to generate solid cash flow, advance its Permian Basin development, and return capital to shareholders. Key Highlights Q2 2025 Revenue: $42.0 million vs. $64.8 million in Q2 2024 Q2 Net Income: $3.2 million vs. $19.7 million Q2 Diluted EPS: $1.33 vs. $7.77 First Half 2025 Revenue: $92.0 million vs. $107.8 million in 2024 First Half Net Income: $12.4 million vs. $31.1 million First Half Discretionary Cash Flow: $56.9 million vs. $64.1 million Share Repurchases: 53,000 shares in 2025, totaling $12.1 million; $113.5 million since program inception. The Company plans to continue repurchases through the remainder of the year. Liquidity: $2.4 million cash at quarter-end; $115 million fully available under credit facility. Shareholder Alignment In the second quarter of 2025, Chairman, Charles E. Drimal, Jr., entered into voting rights agreements with outside shareholders covering 155,926 shares of common stock. As a result, affiliated shareholders now collectively control over 80% of the Company’s voting power on a fully diluted basis. This consolidation of voting rights underscores continued confidence in PrimeEnergy’s long-term strategy and provides enhanced stability in corporate governance. “While oil volumes were modestly lower year-over-year, we delivered strong growth in natural gas and NGL production. This shift underscores the strength of our diversified production base and supports greater balance in our revenue streams,” said Charles E. Drimal, Jr., Chairman of PrimeEnergy. “Despite softer commodity prices, our diversified production mix and disciplined capital program continue to support growth and shareholder returns,” said Charles E. Drimal, Jr., Chairman, of PrimeEnergy. “We remain confident in our ability to execute our development program and create long-term value.” About PrimeEnergy Resources Corporation PrimeEnergy Resources Corporation, is an independent oil and natural gas company engaged in the acquisition, development, and production of hydrocarbons, primarily in Texas and Oklahoma. The Company’s common stock trades on the NASDAQ under the symbol PNRG. For investor inquiries,...

HOUSTON (AP) — HOUSTON (AP) — PrimeEnergy Corp. (PNRG) on Tuesday reported net income of $3.2 million in its second quarter. On a per-share basis, the Houston-based company said it had net income of $1.33. The investor in the oil and gas industry posted revenue of $42 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNRG at https://www.zacks.com/ap/PNRG

Pan American Energy Announces Positive Assay Results from Winter 2024 Drilling at Big Mack Lithium Project CALGARY, Alberta, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) is pleased to report assay results from its Winter 2024 diamond drilling program at the Big Mack Lithium Project, located approximately 80 km north of Kenora, Ontario. The program consisted of 1,745 meters across nine NQ diamond drill holes targeting known and interpreted lithium-bearing pegmatites at the Big Mack and Sprinkler showings. Highlights of the drill program include: Hole BM24-067 intersected 1.13% Li₂O over 39.40 meters, including 2.09% Li₂O over 2.80 meters and 1.67% Li₂O over 3.00 meters, validating historic mineralization at the Big Mack pegmatite. Drilling at BM24-060 to BM24-064 confirmed consistent lithium mineralization across the Sprinkler pegmatite, with highlights including 2.18% Li₂O over 3.40 meters (BM24-060) and 0.77% Li₂O over 1.55 meters (BM24-064). The Company intends to update the 3D geological model using new drill data to support improved targeting and interpretation. Table 1 presents a summary of the notable lithium assay results. Intervals are reported as core lengths and represent the most significant intercepts returned from the nine-hole program, highlighting both newly discovered and confirmed mineralization across the Big Mack and Sprinkler pegmatites. True widths are not yet known and will be evaluated through ongoing modeling. Table 1. Drill hole assay highlights. * Not true widths. Table 2 presents a summary of the diamond drill hole data, and Figure 1 presents the location of recent and historical drill holes. Key targets included step-out drilling to extend pegmatite-hosted lithium mineralization, infill drilling to assess continuity, and exploratory drilling across magnetic low anomalies associated with lithium-bearing pegmatites. Table 2. Attributes for drill holes BM24-060 to BM24-068. * Coordinate System EPSG 3159 (UTM Zone 15N) A continued extension of the Sprinkler pegmatite to the east (near previously drilled hole BM24-045) was tested by drill holes BM24-060 to BM24-063. Drill hole BM24-060 was designed to test the eastern extension of Sprinkler within a magnetic low and reached a total depth of 128 meters. It intersected multiple lithium-bearing inter...