Primeenergy Resources Corp (OQ:PNRG)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: 9821 Katy Fwy Ste 1050
HOUSTON TX 77024-1218
Tel: N/A
Website: www.primeenergy.com
IR: See website
<
Key People
Charles E. Drimal
Chairman of the Board, President, Chief Executive Officer 		Beverly A. Cummings
Principal Financial Officer, Executive Vice President, Treasurer, Director 		 
Business Overview
PrimeEnergy Resources Corporation is an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas. It owns leasehold, mineral and royalty interests in producing and non-producing oil and gas properties across the United States, primarily in Oklahoma, and Texas. It operates approximately 630 active wells and owns non-operating interests and royalties in approximately 800 additional wells. It provides well-servicing support operations, site-preparation and construction services for oil and gas drilling and reworking operations, both in connection with its activities and providing contract services for third parties. It maintains an acreage position of approximately 16,940 gross acres in the Permian Basin of West Texas and eastern New Mexico, which is located in Reagan, Upton, Martin, and Midland counties. In Oklahoma, it is focused on the development of its reserves in Canadian, Grady, Kingfisher, Garfield, Major, and Garvin counties.
Financial Overview
For the fiscal year ended 31 December 2023, Primeenergy Resources Corp revenues decreased 10% to $123.5M. Net income decreased 42% to $28.1M. Revenues reflect Natural gas decrease of 57% to $7.9M, Natural gas liquids decrease of 20% to $11.9M, Oil sales decrease of 3% to $87.9M. Net income also reflects Gain on disposition of assets, net decrease of 72% to $8.9M (income), Depreciation, depletion, amortization increase of 13% to $31M (expense).
Employees: 115 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $171.96M as of Dec 31, 2023
Annual revenue (TTM): $123.96M as of Dec 31, 2023
EBITDA (TTM): $56.88M as of Dec 31, 2023
Net annual income (TTM): $28.10M as of Dec 31, 2023
Free cash flow (TTM): -$4.76M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 1,790,245 as of Apr 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.

Learn More