PNRG PrimeEnergy Resources Dashboard

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

NASDAQ

Website

www.primeenergy.com/

CEO

Charles Drimal

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Anadarko Petroleum • Occidental Petroleum • Marathon Oil • Apache • Chesapeake Energy • Devon Energy • EOG Resources • Pressburg • Ovintiv ...

Former names

PRIMEENERGY CORP

SEC CIK

0000056868

Corporate docs

Articles of Incorporation & Bylaws

IRS number

840637348

PNRG stock data

S&P 500

1M 1Y 2Y 5Y

Press releases

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PrimeEnergy Corporation Announces First Quarter Results

17 May 21

PrimeEnergy Corporation (NASDAQ:PNRG) announced today the following unaudited results for the quarters ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 2020 Revenues (In

Calendar

18 May 21

31 Jul 21

31 Dec 21

Financial summary

Financial statements Chart PNRG financial data

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

Recent insider trades

PNRG insider ownership history Insider history

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 from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

PNRG institutional ownership history Ownership history

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

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: antidilutive, bear, Connoco, disposition, DoublePoint, flat, freezing, mile, MMBtu, Ovintiv, Permitted, roughly, submit, thereof, thirty

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From filing 10-Q 2021 Q1