PrimeEnergy Resources Corporation (PNRG) financial statements (2023 and earlier)
Company profile
| Business Address |
9821 KATY FREEWAY HOUSTON, TX 77024 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 996 | 1,015 | 6,315 | 8,438 | 6,568 | 9,750 | |||
| Cash and cash equivalents | 996 | 1,015 | 6,315 | 8,438 | 6,568 | 9,750 | |||
| Restricted cash and investments | 3,543 | 3,513 | |||||||
| Receivables | 7,221 | 14,360 | 14,961 | 16,961 | 7,400 | 9,543 | |||
| Prepaid expense | 590 | 625 | 640 | 756 | 412 | 619 | |||
| Derivative instruments and hedges, assets | 272 | 1,674 | |||||||
| Other current assets | 104 | 127 | 144 | 476 | 160 | 196 | |||
| Other undisclosed current assets | 534 | ||||||||
| Total current assets: | 8,911 | 16,399 | 23,734 | 26,631 | 18,083 | 24,155 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 191,053 | 212,100 | 230,425 | 219,975 | 196,368 | 202,011 | |||
| Other noncurrent assets | 159 | 203 | 629 | ||||||
| Other undisclosed noncurrent assets | 520 | 866 | 893 | ||||||
| Total noncurrent assets: | 191,573 | 212,966 | 231,318 | 220,134 | 196,571 | 202,640 | |||
| TOTAL ASSETS: | 200,484 | 229,365 | 255,052 | 246,765 | 214,654 | 226,795 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 12,004 | 13,470 | 27,984 | 40,909 | 20,149 | 18,477 | |||
| Accounts payable | 5,217 | 6,634 | 9,553 | 24,615 | 11,965 | 12,355 | |||
| Accrued liabilities | 6,787 | 6,836 | 18,431 | 16,294 | 8,184 | 6,122 | |||
| Debt | 487 | 698 | 2,378 | 2,949 | 3,059 | ||||
| Derivative instruments and hedges, liabilities | 723 | 753 | 88 | 1,509 | 2,547 | 7 | |||
| Asset retirement obligation | 868 | 1,369 | 1,687 | 2,309 | 1,563 | 1,435 | |||
| Due to related parties | 38 | 5 | 65 | ||||||
| Total current liabilities: | 14,120 | 15,592 | 30,462 | 47,170 | 27,208 | 22,978 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 38,267 | 53,500 | 65,547 | 48,459 | 66,316 | 92,581 | |||
| Long-term debt, excluding current maturities | 38,267 | 53,500 | 65,547 | 48,459 | 66,316 | 92,581 | |||
| Liabilities, other than long-term debt | 12,891 | 20,330 | 52,485 | 48,144 | 54,535 | 48,335 | |||
| Asset retirement obligations | 12,891 | 20,330 | 19,647 | 21,269 | 15,943 | 10,452 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 32,828 | 24,962 | 37,500 | 37,883 | ||
| Derivative instruments and hedges, liabilities | 10 | 1,913 | 1,092 | ||||||
| Other undisclosed noncurrent liabilities | 37,208 | 36,580 | 555 | 553 | 715 | ||||
| Total noncurrent liabilities: | 88,366 | 110,410 | 118,587 | 97,156 | 121,566 | 140,916 | |||
| Total liabilities: | 102,486 | 126,002 | 149,049 | 144,326 | 148,774 | 163,894 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 97,124 | 100,114 | 102,009 | 95,309 | 58,545 | 55,730 | |||
| Common stock | 281 | 281 | 281 | 383 | 383 | 383 | |||
| Treasury stock, value | (37,502) | (36,792) | (31,304) | (52,123) | (46,473) | (45,380) | |||
| Additional paid in capital | 7,541 | 7,505 | 7,388 | 8,729 | 8,313 | 7,854 | |||
| Accumulated other comprehensive loss | (5) | ||||||||
| Retained earnings | 126,804 | 129,120 | 125,644 | 138,320 | 96,322 | 92,878 | |||
| Stockholders' equity attributable to noncontrolling interest | 874 | 3,249 | 3,994 | 7,130 | 7,335 | 7,171 | |||
| Total stockholders' equity: | 97,998 | 103,363 | 106,003 | 102,439 | 65,880 | 62,901 | |||
| TOTAL LIABILITIES AND EQUITY: | 200,484 | 229,365 | 255,052 | 246,765 | 214,654 | 226,795 | |||
Income statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 58,421 | 104,824 | 118,100 | 89,310 | 56,766 | 79,106 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 82,587 | 53,738 | 66,511 | |
| Cost of revenue | (76,046) | (89,637) | (90,862) | (120,196) | (102,645) | (85,784) | ||
| Cost of goods and services sold | (9,006) | (15,446) | (30,880) | (27,544) | (35,206) | |||
| Gross profit: | (17,625) | 15,187 | 27,238 | (30,886) | (45,879) | (6,678) | ||
| Operating expenses | 809 | (11,065) | (9,888) | 31,612 | 24,529 | (10,881) | ||
| Other undisclosed operating income | 15,836 | 4,574 | 3,662 | 41,258 | 32,378 | 1,386 | ||
| Operating income (loss): | (980) | 8,696 | 21,012 | 41,984 | 11,028 | (16,173) | ||
| Nonoperating income (Investment Income, Nonoperating) | 2 | 19 | 44 | 7 | 1 | 2 | ||
| Interest and debt expense | (2,310) | (3,507) | (3,627) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (978) | 8,715 | 21,056 | 39,681 | 7,522 | (19,798) | ||
| Other undisclosed loss from continuing operations before income taxes | (1,902) | (3,635) | (3,413) | |||||
| Income (loss) from continuing operations before income taxes: | (2,880) | 5,080 | 17,643 | 39,681 | 7,522 | (19,798) | ||
| Income tax expense (benefit) | 517 | (1,421) | (2,978) | 7,753 | (2,100) | 6,648 | ||
| Net income (loss): | (2,363) | 3,659 | 14,665 | 47,434 | 5,422 | (13,150) | ||
| Net income (loss) attributable to noncontrolling interest | 47 | (183) | (136) | (5,436) | (1,978) | 366 | ||
| Net income (loss) available to common stockholders, diluted: | (2,316) | 3,476 | 14,529 | 41,998 | 3,444 | (12,784) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,363) | 3,659 | 14,665 | 47,434 | 5,422 | (13,150) | ||
| Other undisclosed comprehensive income | 5 | 87 | ||||||
| Comprehensive income (loss): | (2,363) | 3,659 | 14,665 | 47,434 | 5,427 | (13,063) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 47 | (183) | (136) | (5,436) | (1,978) | 366 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,316) | 3,476 | 14,529 | 41,998 | 3,449 | (12,697) | ||
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.