PrimeEnergy Resources Corporation (PNRG) financial statements (2022 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 9961,0156,3158,4386,5689,750
Cash and cash equivalents 9961,0156,3158,4386,5689,750
Restricted cash and investments     3,5433,513
Receivables 7,22114,36014,96116,9617,4009,543
Prepaid expense 590625640756412619
Derivative instruments and hedges, assets  2721,674   
Other current assets 104127144476160196
Other undisclosed current assets      534
Total current assets: 8,91116,39923,73426,63118,08324,155
Noncurrent Assets
Property, plant and equipment 191,053212,100230,425219,975196,368202,011
Other noncurrent assets    159203629
Other undisclosed noncurrent assets 520866893   
Total noncurrent assets: 191,573212,966231,318220,134196,571202,640
TOTAL ASSETS: 200,484229,365255,052246,765214,654226,795
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 12,00413,47027,98440,90920,14918,477
Accounts payable 5,2176,6349,55324,61511,96512,355
Accrued liabilities 6,7876,83618,43116,2948,1846,122
Debt 487 6982,3782,9493,059
Derivative instruments and hedges, liabilities 723753881,5092,5477
Asset retirement obligation 8681,3691,6872,3091,5631,435
Due to related parties 38 565  
Total current liabilities: 14,12015,59230,46247,17027,20822,978
Noncurrent Liabilities
Long-term debt and lease obligation 38,26753,50065,54748,45966,31692,581
Long-term debt, excluding current maturities 38,26753,50065,54748,45966,31692,581
Liabilities, other than long-term debt 12,89120,33052,48548,14454,53548,335
Asset retirement obligations 12,89120,33019,64721,26915,94310,452
Deferred tax liabilities, net32,82824,96237,50037,883
Derivative instruments and hedges, liabilities   101,9131,092 
Other undisclosed noncurrent liabilities 37,20836,580555553715 
Total noncurrent liabilities: 88,366110,410118,58797,156121,566140,916
Total liabilities: 102,486126,002149,049144,326148,774163,894
Stockholders' equity
Stockholders' equity attributable to parent 97,124100,114102,00995,30958,54555,730
Common stock 281281281383383383
Treasury stock, value (37,502)(36,792)(31,304)(52,123)(46,473)(45,380)
Additional paid in capital 7,5417,5057,3888,7298,3137,854
Accumulated other comprehensive loss      (5)
Retained earnings 126,804129,120125,644138,32096,32292,878
Stockholders' equity attributable to noncontrolling interest 8743,2493,9947,1307,3357,171
Total stockholders' equity: 97,998103,363106,003102,43965,88062,901
TOTAL LIABILITIES AND EQUITY: 200,484229,365255,052246,765214,654226,795

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 58,421104,824118,10089,31056,76679,106
Revenue, net82,58753,73866,511
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)15,18727,238(30,886)(45,879)(6,678)
Operating expenses 809(11,065)(9,888)31,61224,529(10,881)
Other undisclosed operating income 15,8364,5743,66241,25832,3781,386
Operating income (loss): (980)8,69621,01241,98411,028(16,173)
Nonoperating income
(Investment Income, Nonoperating)
 21944712
Interest and debt expense    (2,310)(3,507)(3,627)
Income (loss) from continuing operations before equity method investments, income taxes: (978)8,71521,05639,6817,522(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)5,08017,64339,6817,522(19,798)
Income tax expense (benefit) 517(1,421)(2,978)7,753(2,100)6,648
Net income (loss): (2,363)3,65914,66547,4345,422(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)3,47614,52941,9983,444(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)3,65914,66547,4345,422(13,150)
Other undisclosed comprehensive income     587
Comprehensive income (loss): (2,363)3,65914,66547,4345,427(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)3,47614,52941,9983,449(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.

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