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
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6243,7974,0189964,0864,500
Cash and cash equivalents3,6243,7974,0189964,0864,500
Receivables14,34110,2437,3777,2215,2879,017
Prepaid expense7811,5291,030590687686
Derivative instruments and hedges, assets  17 131649
Other current assets568104536104110489
Total current assets:19,31415,67312,9788,91110,30115,341
Noncurrent Assets
Property, plant and equipment182,271182,394185,356191,053197,919203,455
Other noncurrent assets    461134
Other undisclosed noncurrent assets5934381,004520  
Total noncurrent assets:182,864182,832186,360191,573198,380203,589
TOTAL ASSETS:202,178198,505199,338200,484208,681218,930
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,28313,84112,27312,00411,73912,700
Accounts payable11,3878,5444,9865,2176,1968,760
Accrued liabilities6,8965,2977,2876,7875,5433,940
Debt1,3651,07278048740,29253,500
Derivative instruments and hedges, liabilities6,1774,8601,284723648141
Asset retirement obligation8168931,3158681,0281,685
Due to related parties34 3838  
Total current liabilities:26,67520,66615,69014,12053,70768,026
Noncurrent Liabilities
Long-term debt and lease obligation32,16432,68236,92538,2671,4631,243
Long-term debt, excluding current maturities32,16432,68236,92538,2671,4631,243
Liabilities, other than long-term debt14,93815,68613,01612,89150,10953,435
Asset retirement obligations13,28113,90613,01612,89114,74319,778
Deferred income tax liabilities    35,24833,609
Derivative instruments and hedges, liabilities1,6571,780  11848
Other undisclosed noncurrent liabilities35,42635,34237,16637,208794562
Total noncurrent liabilities:82,52883,71087,10788,36652,36655,240
Total liabilities:109,203104,376102,797102,486106,073123,266
Stockholders' equity
Stockholders' equity attributable to parent92,12293,26695,66997,12499,47092,969
Common stock281281281281281281
Treasury stock, value(37,502)(37,502)(37,502)(37,502)(37,501)(37,501)
Additional paid in capital7,5607,5417,5417,5417,5057,505
Retained earnings121,783122,946125,349126,804129,185122,684
Stockholders' equity attributable to noncontrolling interest8538638728743,1382,695
Total stockholders' equity:92,97594,12996,54197,998102,60895,664
TOTAL LIABILITIES AND EQUITY:202,178198,505199,338200,484208,681218,930

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues19,03513,66314,97213,24311,7927,278
Cost of revenue(17,549)(14,384)(13,579)(12,729)(29,982)(15,137)
Cost of goods and services sold(3,413)(2,378)(1,953)(1,558)(1,974)(1,925)
Gross profit:1,486(721)1,393514(18,190)(7,859)
Operating expenses(2,363)(2,367)(2,787)(1,281)12,202(2,488)
Other undisclosed operating income5106 86914,77382
Operating income (loss):(872)(2,982)(1,394)1028,785(10,265)
Nonoperating income
(Investment Income, Nonoperating)
   11 
Income (loss) from continuing operations before equity method investments, income taxes:(872)(2,982)(1,394)1038,786(10,265)
Other undisclosed loss from continuing operations before income taxes(462)(484)(523)(273)(470)(500)
Income (loss) from continuing operations before income taxes:(1,334)(3,466)(1,917)(170)8,316(10,765)
Income tax expense (benefit)1861,054460(2,147)(1,372)3,979
Net income (loss):(1,148)(2,412)(1,457)(2,317)6,944(6,786)
Net income (loss) attributable to noncontrolling interest(15)92(64)(443)520
Net income (loss) available to common stockholders, diluted:(1,163)(2,403)(1,455)(2,381)6,501(6,266)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(1,148)(2,412)(1,457)(2,317)6,944(6,786)
Comprehensive income (loss):(1,148)(2,412)(1,457)(2,317)6,944(6,786)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(15)92(64)(443)520
Comprehensive income (loss), net of tax, attributable to parent:(1,163)(2,403)(1,455)(2,381)6,501(6,266)

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.

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