Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
17 March 1980Next earnings report:
15 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Thu, 05 Sep 2024 20:00:09 GMTDividend
Analysts recommendations
Institutional Ownership
PNRG Latest News
A significant y/y rise in oil sales, reflecting higher production volumes and improved pricing, aid PrimeEnergy's (PNRG) earnings in Q2.
Discover why Zacks rates PrimeEnergy (PNRG) as "Neutral," being the first on Wall Street to initiate the coverage of the stock. Explore how PNRG's ambitious expansion and impressive production growth have positioned it as a significant oil and gas contender despite liquidity and operational risks.
HOUSTON, May 17, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (PNRG) has reported its first quarter results, with significant increases in oil and gas production volumes compared to the same period in 2023. Total assets at the end of March 2024 were $332,896,000, up from $288,568,000 at the end of December 2023. The company's revenues for the quarter were $42,990, an 88% increase from the previous year, while net income was $11,319, a 703% increase. Earnings per common share also saw substantial growth. PrimeEnergy Resources Corporation is actively involved in acquiring, developing, and producing oil and natural gas, as well as providing oilfield services, primarily in Texas.
What type of business is PrimeEnergy Resources?
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 approximately 534 active wells and owns non-operating interests and royalties in 952 additional wells. 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, 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 headquartered in Houston, Texas.
What sector is PrimeEnergy Resources in?
PrimeEnergy Resources is in the Energy sector
What industry is PrimeEnergy Resources in?
PrimeEnergy Resources is in the Oil & Gas Equipment & Services industry
What country is PrimeEnergy Resources from?
PrimeEnergy Resources is headquartered in United States
When did PrimeEnergy Resources go public?
PrimeEnergy Resources initial public offering (IPO) was on 17 March 1980
What is PrimeEnergy Resources website?
https://primeenergy-resources-corporation.ir.rdgfilings.com
Is PrimeEnergy Resources in the S&P 500?
No, PrimeEnergy Resources is not included in the S&P 500 index
Is PrimeEnergy Resources in the NASDAQ 100?
No, PrimeEnergy Resources is not included in the NASDAQ 100 index
Is PrimeEnergy Resources in the Dow Jones?
No, PrimeEnergy Resources is not included in the Dow Jones index
When was PrimeEnergy Resources the previous earnings report?
No data
When does PrimeEnergy Resources earnings report?
The next expected earnings date for PrimeEnergy Resources is 15 November 2024