PrimeEnergy Resources Corporation
- Open
- 168.29
- Day high
- 175.71
- Day low
- 168.29
- Prev close
- 166.89
- Volume
- 22K
- Mkt cap
- $276M
- P/E (TTM)
- 13.0
- EPS (TTM)
- $13.27
- P/B
- 1.3
- P/S
- 1.6
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$5.8M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
PrimeEnergy Resources Corporation (PNRG) is a Energy company listed on NASDAQ. The stock is up 17% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
PrimeEnergy Resources Corporation (PNRG) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PNRG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 20, 2026 | $8.57 | $2.67 | -68.8% | $55M | +0.0% |
| Nov 19, 2025 | — | $4.38 | — | $45M | — |
| Aug 19, 2025 | — | $1.33 | — | $42M | — |
| May 19, 2025 | — | $3.72 | — | $49M | — |
| Nov 14, 2024 | — | $8.80 | — | $69M | — |
| Aug 14, 2024 | — | $7.77 | — | $65M | +145.7% |
| May 17, 2024 | — | $4.41 | — | $42M | +61.4% |
| Nov 17, 2023 | — | $4.13 | — | $35M | +34.5% |
| Aug 14, 2023 | — | $3.82 | — | $30M | +12.6% |
| May 22, 2023 | — | $0.53 | — | $23M | -13.8% |
| Nov 21, 2022 | — | $4.88 | — | $40M | +50.8% |
| Aug 18, 2022 | — | $4.02 | — | $36M | — |
PNRG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 4, 2026 | HURT CLINTdirector | Sell | 2,000 | $220.44 |
| Apr 29, 2026 | DE ROTHSCHILD ROBERT10 percent owner | Sell | 13,274 | $231.60 |
| Apr 27, 2026 | HURT CLINTdirector | Sell | 10,000 | $230.92 |
| Feb 10, 2026 | HURT CLINTdirector | Sell | 1,976 | $200.22 |
| Feb 9, 2026 | DE ROTHSCHILD ROBERT10 percent owner | Sell | 1,149 | $186.75 |
| Feb 9, 2026 | HURT CLINTdirector | Sell | 3,936 | $193.39 |
| Feb 9, 2026 | HURT CLINTdirector | Sell | 5,000 | $190.15 |
| Feb 9, 2026 | HURT CLINTdirector | Sell | 1,064 | $190.02 |
| Feb 2, 2026 | DE ROTHSCHILD ROBERT10 percent owner | Sell | 10,151 | $186.19 |
| Feb 2, 2026 | DE ROTHSCHILD ROBERT10 percent owner | Sell | 10,000 | $181.81 |
| Jan 15, 2026 | DE ROTHSCHILD ROBERT10 percent owner | Sell | 8,700 | $182.85 |
| Dec 12, 2025 | HURT CLINTdirector | Sell | 3,715 | $190.12 |
| Dec 12, 2025 | HURT CLINTdirector | Sell | 1,285 | $190.07 |
| Dec 12, 2025 | HURT CLINTdirector | Sell | 5,000 | $190.20 |
| Jun 6, 2025 | DE ROTHSCHILD ROBERT10 percent owner | Sell | 4,389 | $188.01 |
Source: PNRG SEC Form 4 filings, latest May 4, 2026. For informational purposes only — not investment advice.
See the full PNRG insider & 13F page →PrimeEnergy Resources Corporation company profile
Overview
PrimeEnergy Resources Corporation (NASDAQ:PNRG) is an independent oil and natural gas exploration and production company founded in 1973 and headquartered in Houston, Texas. The company went public in 1980 and changed its name from PrimeEnergy Corporation to PrimeEnergy Resources Corporation in December 2018. PrimeEnergy operates primarily in the traditional oil and gas basins of Oklahoma and Texas, maintaining approximately 710 active wells and holding non-operating interests in an additional 822 wells. The company has evolved from a pure exploration and production entity to include contract services for third-party operators in the oil and gas industry.
Business
PrimeEnergy operates in the oil and natural gas exploration and production industry, which involves locating, extracting, and selling crude oil and natural gas from underground reservoirs. This industry is fundamental to the global energy supply chain, as oil and gas serve as primary energy sources for transportation, heating, electricity generation, and petrochemical manufacturing. The company's core business consists of two main segments. The primary segment is upstream oil and gas operations, which involves acquiring, developing, and producing oil and natural gas properties. This includes identifying promising geological formations, drilling wells, and extracting hydrocarbons from underground reservoirs. PrimeEnergy focuses on conventional oil and gas production rather than unconventional methods like hydraulic fracturing of shale formations. The secondary segment is oilfield services, where PrimeEnergy provides contract services to third-party operators. These services include well-servicing support operations, which involve maintaining and repairing existing wells to optimize production, site preparation for new drilling operations, and construction services for oil and gas drilling and reworking operations. This segment allows the company to monetize its operational expertise and equipment when not being used for its own production activities. PrimeEnergy's operations are geographically concentrated in the mature oil and gas producing regions of Oklahoma and Texas, areas known for their established infrastructure and long history of hydrocarbon production. The company's strategy focuses on acquiring producing properties through joint ventures with industry partners, allowing it to share both the risks and rewards of oil and gas development while leveraging the expertise of established operators.
Revenue model
PrimeEnergy generates revenue through multiple streams within the oil and gas value chain. The primary revenue source is commodity sales from oil and natural gas production, where the company sells extracted hydrocarbons at prevailing market prices. Revenue is directly tied to both production volumes and commodity prices, which fluctuate based on global supply and demand dynamics, geopolitical events, and seasonal factors. The company's customers include oil refineries, natural gas utilities, and commodity trading companies that purchase the raw hydrocarbons for further processing and distribution. PrimeEnergy typically sells its production through established marketing channels and may use hedging strategies to manage price volatility. The secondary revenue stream comes from service fees charged to third-party operators for well-servicing, site preparation, and construction services. These services provide more stable, contract-based income that is less dependent on commodity price fluctuations, though still tied to overall industry activity levels. Several factors significantly impact PrimeEnergy's profitability margins. Commodity price volatility is the most significant external factor, as oil and gas prices can swing dramatically based on global economic conditions, OPEC decisions, and supply disruptions. Operating costs including labor, equipment, and regulatory compliance expenses directly affect margins, while well productivity and depletion rates determine the volume of saleable production. Capital allocation efficiency in acquiring and developing new properties influences long-term profitability, and service segment utilization rates affect the contribution from the company's contract services business. Additionally, transportation and processing costs can vary based on infrastructure availability and regional market conditions.
Competitive moat
PrimeEnergy operates in a highly competitive and commoditized industry with limited sustainable competitive advantages. The company's primary defensive characteristics include its established operational presence in mature Oklahoma and Texas oil and gas basins, where it has developed local expertise and relationships over decades of operation. This geographic concentration provides some operational efficiencies and cost advantages through familiarity with local geology, regulations, and service providers. The company's dual revenue model combining production and oilfield services offers modest diversification benefits, allowing it to generate income from its equipment and expertise even when not actively developing its own properties. Additionally, PrimeEnergy's focus on conventional production in established fields may provide some stability compared to higher-risk unconventional plays, though this also limits growth potential. However, PrimeEnergy's competitive moat is relatively weak. The oil and gas exploration and production industry is characterized by commodity pricing that eliminates pricing power, high capital requirements that strain smaller operators, and technological disruption from larger companies with superior drilling and completion techniques. The company faces intense competition from major integrated oil companies, large independent producers, and private equity-backed operators who often have superior access to capital and advanced technology. Potential disruption comes from several sources: the ongoing energy transition toward renewable sources that may reduce long-term demand for fossil fuels, technological advances in drilling and completion that favor larger operators with greater capital resources, and potential regulatory changes related to environmental concerns. The company's small scale relative to industry leaders limits its ability to invest in cutting-edge technology or acquire premium acreage positions.
Risks & safety
PrimeEnergy presents a moderate margin of safety profile with some concerning liquidity metrics but reasonable debt levels. • Liquidity concerns: Current ratio of 0.57 indicates current liabilities exceed current assets by nearly 2:1, with only $2.5 million in cash against $49.7 million in current liabilities • Debt management: Low debt-to-equity ratio of 0.04 shows minimal financial leverage, with total debt representing only 4% of equity value • Cash generation: Strong operating cash flow of $115.9 million in 2024 demonstrates ability to generate cash from operations, though free cash flow was negative $3.3 million due to capital expenditures • Valuation metrics: Trading at 7.0x earnings and 2.6x EV/EBITDA, suggesting reasonable valuation relative to earnings power • Solvency position: Total assets of $324.6 million against total liabilities of $121.7 million provide adequate solvency cushion • Working capital deficit: Negative working capital of $21.4 million requires careful cash flow management and potential refinancing of short-term obligations
Recent development
Based on the financial data spanning 2022-2024, PrimeEnergy has experienced significant operational and financial evolution. The company demonstrated strong revenue growth, with annual revenues increasing from $125.1 million in 2022 to $233.9 million in 2024, representing an 87% increase over the two-year period. This growth appears to be driven by both higher commodity prices and increased production volumes. The company's profitability has shown volatility typical of the oil and gas sector, with net income fluctuating from $48.7 million in 2022 to $28.1 million in 2023, then recovering to $55.4 million in 2024. This pattern reflects the cyclical nature of commodity pricing and the company's exposure to oil and gas price movements. Capital allocation strategy has evolved significantly, with the company maintaining negative free cash flow in most periods due to continued investment in drilling and development activities. The substantial capital expenditure program, evidenced by the gap between operating cash flow and free cash flow, suggests an aggressive growth strategy focused on expanding production capacity. Balance sheet management has shown both strengths and challenges. While the company has maintained low debt levels throughout the period, working capital management has become increasingly challenging, with current ratios declining from 1.76 in 2022 to 0.57 in 2024. This suggests either more aggressive working capital management or potential liquidity pressures from rapid growth. The company's operational efficiency improvements are evident in the strong EBITDA margins, which have remained robust despite commodity price volatility. The dual-revenue model combining production and services appears to be providing some operational stability during market fluctuations.
PNRG company profile · for informational purposes only — not investment advice.
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