PrimeEnergy Resources Corporation Reports Second Quarter and First Half 2025 Results
PrimeEnergy Resources Corporation (NASDAQ: PNRG) reported mixed Q2 2025 financial results, with revenue declining to $42.0 million from $64.8 million in Q2 2024. Net income decreased to $3.2 million ($1.33 per diluted share) from $19.7 million ($7.77 per share) year-over-year.
First half 2025 performance showed revenue of $92.0 million and net income of $12.4 million, down from $107.8 million and $31.1 million respectively in 2024. The company maintained strong liquidity with $2.4 million in cash and $115 million available under its credit facility.
Notable developments include the repurchase of 53,000 shares totaling $12.1 million in 2025, and Chairman Charles E. Drimal, Jr.'s voting rights agreements resulting in affiliated shareholders controlling over 80% of voting power.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) ha comunicato risultati finanziari contrastanti per il secondo trimestre 2025: i ricavi sono scesi a $42,0 milioni rispetto a $64,8 milioni nel Q2 2024. L'utile netto 猫 diminuito a $3,2 milioni (utile diluito per azione di $1,33) rispetto a $19,7 milioni ($7,77 per azione) su base annua.
Nei primi sei mesi del 2025 i ricavi sono stati $92,0 milioni e l'utile netto $12,4 milioni, in calo rispetto a $107,8 milioni e $31,1 milioni rispettivamente nel 2024. La societ脿 ha mantenuto una solida liquidit脿 con $2,4 milioni in contanti e $115 milioni disponibili sulla linea di credito.
Tra gli eventi significativi, il riacquisto di 53.000 azioni per un totale di $12,1 milioni nel 2025 e gli accordi di voto del presidente Charles E. Drimal, Jr., che hanno portato azionisti affiliati a controllare oltre il 80% dei diritti di voto.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) present贸 resultados financieros mixtos en el segundo trimestre de 2025: los ingresos bajaron a $42.0 millones desde $64.8 millones en el Q2 de 2024. El ingreso neto disminuy贸 a $3.2 millones (ganancia diluida por acci贸n de $1.33) desde $19.7 millones ($7.77 por acci贸n) interanual.
En la primera mitad de 2025, los ingresos fueron $92.0 millones y el ingreso neto $12.4 millones, frente a $107.8 millones y $31.1 millones respectivamente en 2024. La compa帽铆a mantuvo una fuerte liquidez con $2.4 millones en efectivo y $115 millones disponibles en su l铆nea de cr茅dito.
Entre los hechos relevantes, la recompra de 53.000 acciones por un total de $12.1 millones en 2025 y los acuerdos de derechos de voto del presidente Charles E. Drimal, Jr., que resultaron en que accionistas afiliados controlen m谩s del 80% del poder de voto.
PrimeEnergy Resources Corporation (NASDAQ: PNRG)電� 2025雲� 2攵勱赴 鞁れ爜鞐愳劀 順检“霅� 瓴瓣臣毳� 氚滍憸頄堨姷雼堧嫟. 毵れ稖鞚� 2024雲� 2攵勱赴 $64.8氚彪鞐愳劀 $42.0氚彪鞙茧 臧愳唽頄堨溂氅�, 靾滌澊鞚奠潃 鞐瓣皠 牍勱祼 旮办鞙茧 $19.7氚彪($7.77/欤�)鞐愳劀 $3.2氚彪($1.33 頋劃 欤茧嫻靾滌澊鞚�)鞙茧 欷勳棃鞀惦媹雼�.
2025雲� 靸侂皹旮� 鞁れ爜鞚� 毵れ稖 $92.0氚彪, 靾滌澊鞚� $12.4氚彪鞙茧, 2024雲勳潣 $107.8氚彪 氚� $31.1氚彪鞐愳劀 臧愳唽頄堨姷雼堧嫟. 須岇偓電� 順勱笀 $2.4氚彪瓿� 鞁犾毄鞁滌劋鞐愳劀 鞚挫毄 臧�電ロ暅 $115氚彪鞙茧 瓴“頃� 鞙犽彊靹膘潉 鞙犾頄堨姷雼堧嫟.
欤检殧 靷暛鞙茧電� 2025雲勳棎 53,000欤�毳� 齑濎暋 $12.1氚彪鞐� 鞛Г鞛呿暅 鞝愱臣, 須岇灔 Charles E. Drimal, Jr.鞚� 鞚橁舶甓� 頃╈潣搿� 瓿勳棿 欤检＜霌れ澊 80% 鞚挫儊 鞚橁舶甓岇潉 氤挫湢頃橁矊 霅� 鞝愳澊 鞛堨姷雼堧嫟.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) a publi茅 des r茅sultats financiers mitig茅s pour le deuxi猫me trimestre 2025 : le chiffre d'affaires a diminu茅 脿 42,0 M$ contre 64,8 M$ au T2 2024. Le b茅n茅fice net est pass茅 脿 3,2 M$ (1,33 $ par action dilu茅e) contre 19,7 M$ (7,77 $ par action) d'une ann茅e sur l'autre.
Sur le premier semestre 2025, le chiffre d'affaires s'茅l猫ve 脿 92,0 M$ et le b茅n茅fice net 脿 12,4 M$, en baisse par rapport 脿 107,8 M$ et 31,1 M$ respectivement en 2024. La soci茅t茅 a conserv茅 une tr茅sorerie solide avec 2,4 M$ en liquidit茅s et 115 M$ disponibles sur sa ligne de cr茅dit.
Parmi les faits marquants : le rachat de 53 000 actions pour un montant total de 12,1 M$ en 2025, et les accords de droits de vote du pr茅sident Charles E. Drimal, Jr., entra卯nant des actionnaires affili茅s contr么lant plus de 80 % des droits de vote.
PrimeEnergy Resources Corporation (NASDAQ: PNRG) meldete gemischte Finanzergebnisse f眉r das 2. Quartal 2025: der Umsatz sank von $64,8 Millionen im Q2 2024 auf $42,0 Millionen. Der Nettogewinn ging im Jahresvergleich von $19,7 Millionen ($7,77 je Aktie) auf $3,2 Millionen ($1,33 verw盲ssert je Aktie) zur眉ck.
F眉r das erste Halbjahr 2025 wurden Ums盲tze von $92,0 Millionen und ein Nettogewinn von $12,4 Millionen ausgewiesen, gegen眉ber $107,8 Millionen bzw. $31,1 Millionen im Jahr 2024. Das Unternehmen behielt eine starke Liquidit盲t mit $2,4 Millionen in bar und $115 Millionen verf眉gbarer Kreditlinie.
Zudem kaufte das Unternehmen 2025 53.000 Aktien im Gesamtwert von $12,1 Millionen zur眉ck, und die Stimmrechtsvereinbarungen des Vorsitzenden Charles E. Drimal, Jr. f眉hrten dazu, dass verbundene Aktion盲re mehr als 80% der Stimmrechte kontrollieren.
- Strong liquidity position with $115 million available under credit facility
- Continued share repurchase program with $12.1 million executed in 2025
- Growth in natural gas and NGL production offsetting oil volume decline
- Consolidated voting control (80%) demonstrates management confidence
- Generated $56.9 million in first half discretionary cash flow
- Q2 revenue declined 35% year-over-year to $42.0 million
- Q2 net income dropped 84% to $3.2 million from $19.7 million
- First half revenue decreased 15% to $92.0 million
- Lower oil volumes compared to previous year
- Reduced earnings due to lower oil prices
Insights
Despite lower oil prices causing revenue and earnings decline, PNRG maintains strong cash flow, continues share repurchases, and strengthens insider control.
PrimeEnergy's Q2 results reveal a significant revenue decline to
Despite these declines, the company's first-half discretionary cash flow remained relatively robust at
The company maintains solid liquidity with
A notable governance development is Chairman Charles Drimal's voting rights agreements with outside shareholders, consolidating control of over
The shift toward increased natural gas and NGL production demonstrates the company's adaptation to market conditions and efforts to diversify its revenue streams beyond oil. This strategic pivot could help mitigate future commodity price volatility, though lower-priced natural gas typically generates less revenue per unit than oil.
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
鈥淲hile 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,鈥� said Charles E. Drimal, Jr., Chairman of PrimeEnergy. 鈥淒espite softer commodity prices, our diversified production mix and disciplined capital program continue to support growth and shareholder returns,鈥� said Charles E. Drimal, Jr., Chairman, of PrimeEnergy. 鈥淲e remain confident in our ability to execute our development program and create long-term value.鈥�
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鈥檚 common stock trades on the NASDAQ under the symbol PNRG.
For investor inquiries, contact:聽聽 Connie Ng 鈥� (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.
FAQ
What were PrimeEnergy's (PNRG) Q2 2025 earnings results?
How much cash does PrimeEnergy (PNRG) have available as of Q2 2025?
How many shares did PrimeEnergy (PNRG) repurchase in 2025?
What percentage of voting power do affiliated shareholders control in PrimeEnergy (PNRG)?
How did PrimeEnergy's (PNRG) first half 2025 performance compare to 2024?
