PrimeEnergy Resources Corporation (PNRG) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26,54310,3479961,0156,3158,438
Cash and cash equivalents26,54310,3479961,0156,3158,438
Receivables12,53514,2087,22114,36014,96116,961
Prepaid expense32,839733590625640756
Derivative instruments and hedges, assets 210  2721,674 
Other current assets3840104127144476
Total current assets:72,16525,3288,91116,39923,73426,631
Noncurrent Assets
Operating lease, right-of-use asset    
Property, plant and equipment173,987184,663191,053212,100230,425219,975
Other noncurrent assets     159
Other undisclosed noncurrent assets 985923520866893 
Total noncurrent assets:174,972185,586191,573212,966231,318220,134
TOTAL ASSETS:247,137210,914200,484229,365255,052246,765
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities37,20115,10312,00413,47027,98440,909
Accounts payable11,4517,2825,2176,6349,55324,615
Accrued liabilities25,7507,8216,7876,83618,43116,294
Debt   487 6982,378
Derivative instruments and hedges, liabilities 1,1904,935723753881,509
Asset retirement obligation2,5661,6308681,3691,6872,309
Due to related parties 5238 565
Other undisclosed current liabilities      
Total current liabilities:40,95721,72014,12015,59230,46247,170
Noncurrent Liabilities
Long-term debt and lease obligation 11,00036,00038,26753,50065,54748,459
Long-term debt, excluding current maturities 11,00036,00038,26753,50065,54748,459
Liabilities, other than long-term debt13,52513,87212,89120,33052,48548,144
Asset retirement obligations13,52513,22212,89120,33019,64721,269
Deferred tax liabilities, net32,82824,962
Derivative instruments and hedges, liabilities  650  101,913
Other undisclosed noncurrent liabilities41,30240,23137,20836,580555553
Total noncurrent liabilities:65,82790,10388,366110,410118,58797,156
Total liabilities:106,784111,823102,486126,002149,049144,326
Equity
Equity, attributable to parent140,35399,09197,124100,114102,00995,309
Common stock281281281281281383
Treasury stock, value(45,049)(37,647)(37,502)(36,792)(31,304)(52,123)
Additional paid in capital7,5557,5557,5417,5057,3888,729
Retained earnings177,566128,902126,804129,120125,644138,320
Equity, attributable to noncontrolling interest   8743,2493,9947,130
Total equity:140,35399,09197,998103,363106,003102,439
TOTAL LIABILITIES AND EQUITY:247,137210,914200,484229,365255,052246,765

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues125,08779,61358,421104,824118,10089,310
Revenue, net82,587
Cost of revenue(108,767)(67,187)(76,046)(89,637)(90,862)(120,196)
Cost of goods and services sold(11,094)(11,580)(9,006)(15,446) (30,880)
Gross profit:16,32012,426(17,625)15,18727,238(30,886)
Operating expenses11,556(8,948)809(11,065)(9,888)31,612
Other undisclosed operating income31,7891,47815,8364,5743,66241,258
Operating income (loss):59,6654,956(980)8,69621,01241,984
Nonoperating income
(Investment Income, Nonoperating)
   219447
Interest and debt expense      (2,310)
Income (loss) from continuing operations before equity method investments, income taxes:59,6654,956(978)8,71521,05639,681
Other undisclosed loss from continuing operations before income taxes(672)(314)(1,902)(3,635)(3,413) 
Income (loss) from continuing operations before income taxes:58,9934,642(2,880)5,08017,64339,681
Income tax expense (benefit)(10,329)(2,516)517(1,421)(2,978)7,753
Income (loss) from continuing operations:48,6642,126(2,363)3,65914,66547,434
Income (loss) before gain (loss) on sale of properties:2,126(2,363)3,65914,66547,434
Net income (loss):48,6642,126(2,363)3,65914,66547,434
Net income (loss) attributable to noncontrolling interest  (28)47(183)(136)(5,436)
Net income (loss) available to common stockholders, diluted:48,6642,098(2,316)3,47614,52941,998

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):48,6642,126(2,363)3,65914,66547,434
Comprehensive income (loss):48,6642,126(2,363)3,65914,66547,434
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (28)47(183)(136)(5,436)
Comprehensive income (loss), net of tax, attributable to parent:48,6642,098(2,316)3,47614,52941,998

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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