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PNRG PrimeEnergy Resources

PrimeEnergy Resources Corp. engages in the acquisition, developing and producing oil and natural gas. It owns producing and non-producing properties located primarily in Texas, Oklahoma and West Virginia. The company was founded in March 1973 and is headquartered in Houston, TX.

Company profile

Ticker
PNRG
Exchange
CEO
Charles Drimal
Employees
Incorporated
Location
Fiscal year end
Former names
PRIMEENERGY CORP
SEC CIK
IRS number
840637348

PNRG stock data

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Calendar

18 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.02M 4.02M 4.02M 4.02M 4.02M 4.02M
Cash burn (monthly) (positive/no burn) 183.08K 639K 120.67K (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 735.7K 2.57M 484.89K n/a n/a
Cash remaining n/a 3.28M 1.45M 3.53M n/a n/a
Runway (months of cash) n/a 17.9 2.3 29.3 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
7 May 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 40.38 750 30.29K 17,156
7 May 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 41.26 8,894 366.97K 17,906
7 May 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 42.83 130 5.57K 26,800
7 May 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 43.81 376 16.47K 26,930
7 May 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 44.09 100 4.41K 27,306
3 May 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 42.23 1,200 50.68K 27,406
3 May 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 43.01 529 22.75K 28,606
3 May 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 44.58 1,271 56.66K 29,135
5 Mar 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 50.94 100 5.09K 30,406
5 Mar 21 Wehrle Gaines Common Stock Sell Dispose S Yes No 51.11 229 11.7K 30,506

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Management Discussion
  • We reported a net loss of $1.46 million, $0.73 per share, for the three months ended March 2021 compared with net loss of $170 thousand, $0.09 per share, for the same period of 2020. The current year net loss reflects changes in oil, gas and NGLs sales related to decreased production combined with higher commodity prices offset by an unrealized loss on derivatives. The significant components of income and expense are discussed below.
  • Oil, gas and NGLs sales remained flat at $12.67 million and $12.80 million for the three months ended March 31, 2021 and 2020 respectively. Sales vary due to changes in volumes of production sold and realized commodity prices. There were substantial price increases in prices during the first quarter of 2021 compared to the same period in 2020. Our realized prices increased an average of $11.10 per barrel, or 24% on crude oil, increased an average of $1.59 per mcf, or 177% on natural gas and increased an average of $10.50 per barrel, or 107% on NGLs, during the three months ended March 31, 2021 from the same period in 2020.
  • Our crude oil production decreased by 71,000 barrels, or 30.34% from 234,000 barrels for the first quarter 2020 to 163,000 barrels for the first quarter 2021. Our natural gas production decreased by 273,000 mcf, or 29.1% from 938,000 mcf for the first quarter 2020 to 665,000 mcf for the first quarter 2021. Our natural gas liquids production decreased by 41,000 barrels, or 32.3% from 127,000 barrels for the first quarter 2020 to 86,000 barrels for the first quarter 2021. The decrease in production volumes reflect the natural decline of our properties combined with the shut-in of properties due to the freezing weather in Texas and Oklahoma during February 2021.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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