PrimeEnergy Resources Corporation (PNRG) Financial Statements (2025 and earlier)

Company Profile

Business Address 9821 KATY FREEWAY
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,54911,06126,54310,3479961,015
Cash and cash equivalent2,54911,06126,54310,3479961,015
Receivables24,33820,30112,53514,2087,22114,360
Prepaid expense1,37237632,839733590625
Derivative instruments and hedges, assets   210  272
Other current assets11383840104127
Total current assets:28,27031,77672,16525,3288,91116,399
Noncurrent Assets
Property, plant and equipment1,9313,240173,987184,663191,053212,100
Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment293,906252,879    
Other noncurrent assets515673    
Other undisclosed noncurrent assets   985923520866
Total noncurrent assets:296,352256,792174,972185,586191,573212,966
TOTAL ASSETS:324,622288,568247,137210,914200,484229,365
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities49,42164,03737,20115,10312,00413,470
Accounts payable16,32915,42411,4517,2825,2176,634
Accrued liabilities33,09248,61325,7507,8216,7876,836
Debt     487 
Derivative instruments and hedges, liabilities   1,1904,935723753
Asset retirement obligation  2,5661,6308681,369
Due to related parties 5238 
Other undisclosed current liabilities234772    
Total current liabilities:49,65564,80940,95721,72014,12015,592
Noncurrent Liabilities
Long-term debt and lease obligation4,000 11,00036,00038,26753,500
Long-term debt, excluding current maturities4,000 11,00036,00038,26753,500
Liabilities, other than long-term debt67,20461,94313,52513,87212,89120,330
Asset retirement obligations13,79914,70713,52513,22212,89120,330
Deferred income tax liabilities53,40547,236    
Operating lease, liability      
Derivative instruments and hedges, liabilities    650  
Other undisclosed noncurrent liabilities83886641,30240,23137,20836,580
Total noncurrent liabilities:72,04262,80965,82790,10388,366110,410
Total liabilities:121,697127,618106,784111,823102,486126,002
Equity
Equity, attributable to parent202,925160,950140,35399,09197,124100,114
Common stock281281281281281281
Treasury stock, value(65,984)(52,555)(45,049)(37,647)(37,502)(36,792)
Additional paid in capital7,5557,5557,5557,5557,5417,505
Retained earnings261,073205,669177,566128,902126,804129,120
Equity, attributable to noncontrolling interest     8743,249
Total equity:202,925160,950140,35399,09197,998103,363
TOTAL LIABILITIES AND EQUITY:324,622288,568247,137210,914200,484229,365

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues237,796132,810125,08779,61358,421104,824
Cost of revenue(74,229)(51,283)(108,767)(67,187)(76,046)(89,637)
Cost of product and service sold(9,112)(11,744)(11,094)(11,580)(9,006)(15,446)
Gross profit:163,56781,52716,32012,426(17,625)15,187
Operating expenses(92,394)(47,305)11,556(8,948)809(11,065)
Other undisclosed operating income   31,7891,47815,8364,574
Operating income (loss):71,17334,22259,6654,956(980)8,696
Nonoperating income
(Investment Income, Nonoperating)
     219
Interest and debt expense      
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:71,17334,22259,6654,956(978)8,715
Other undisclosed income (loss) from continuing operations before income taxes  (672)(314)(1,902)(3,635)
Income (loss) from continuing operations before income taxes:71,17334,22258,9934,642(2,880)5,080
Income tax expense (benefit)(15,769)(6,119)(10,329)(2,516)517(1,421)
Income (loss) from continuing operations:55,40428,10348,6642,126(2,363)3,659
Income (loss) before gain (loss) on sale of properties:2,126(2,363)3,659
Net income (loss):55,40428,10348,6642,126(2,363)3,659
Net income (loss) attributable to noncontrolling interest    (28)47(183)
Net income (loss) available to common stockholders, diluted:55,40428,10348,6642,098(2,316)3,476

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):55,40428,10348,6642,126(2,363)3,659
Comprehensive income (loss):55,40428,10348,6642,126(2,363)3,659
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (28)47(183)
Comprehensive income (loss), net of tax, attributable to parent:55,40428,10348,6642,098(2,316)3,476

Statements Sources

The financial statements are based on the Company's filings with 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.

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