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 • Marathon Oil • Apache • Devon Energy • Occidental Petroleum • EOG Resources • Pressburg • Ovintiv • California Resources ...

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

News

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Calendar

1 Apr 21

12 Apr 21

31 Dec 21

Financial summary

Financial statements Chart PNRG financial data

Quarter (USD)	Sep 20	Jun 20	Mar 20	Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
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)	4.09M	4.09M	4.09M	4.09M	4.09M	4.09M
Cash burn (monthly)	138K	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	890.2K	n/a	n/a	n/a	n/a	n/a
Cash remaining	3.2M	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	23.2	n/a	n/a	n/a	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
20 Nov 20	Gifford Fong	Common Stock	Gift	Dispose G	No	No	24.19	181	4.38K	55,322
20 Nov 20	Gifford Fong	Common Stock	Gift	Dispose G	No	No	25.27	219	5.53K	55,503
18 Sep 20	Clint Hurt	Common, stock $.10 par value	Sell	Dispose S	No	No	75	298	22.35K	180,149
20 Feb 20	Rothschild Robert De	Common Stock, $0.10 par value	Sell	Dispose S	Yes	No	141	200	28.2K	387,696
20 Feb 20	Rothschild Robert De	Common Stock, $0.10 par value	Sell	Dispose S	Yes	No	139.99	300	42K	387,896
20 Feb 20	Rothschild Robert De	Common Stock, $0.10 par value	Sell	Dispose S	Yes	No	139	399	55.46K	388,196
19 Feb 20	Rothschild Robert De	Common Stock, $0.10 par value	Sell	Dispose S	Yes	No	142	1	142	388,595
24 Jan 20	Charles E Drimal JR	Common stock, $.10 par value	Sell	Dispose S	No	No	150.5	34	5.12K	520,645
23 Jan 20	Charles E Drimal JR	Common stock, $.10 par value	Sell	Dispose S	No	No	150.5	500	75.25K	520,679
23 Jan 20	Charles E Drimal JR	Common stock, $.10 par value	Sell	Dispose S	No	No	150.66	500	75.33K	521,179

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 net income of $6.5 million, or $3.26 per share and $65 thousand or $0.03 per share for the three and nine months ended September 30, 2020, respectively, as compared to net income of $2.5 million, or $1.25 per share and $5.2 million, or $2.61 per share for the three and nine months ended September 30, 2019, respectively. Current year net income reflects decreases in production combined with commodity price decreases over the three and nine months ended September 30, 2019, increases in gains related to the sale of acreage and changes related to the valuation of derivative instruments. The significant components of income and expense are discussed below.
Oil, gas and NGLs sales decreased $11.2 million, or 55.9% from $20.1 million for the three months ended September 30, 2019 to $8.9 million for the three months ended September 30, 2020 and $41.0 million, or 60.9% from $67.3 million for the nine months ended September 30, 2019 to $26.3 million for the nine months ended September 30, 2020.

Content analysis

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

New words: ABR, automatic, Eurodollar, revised, title

Removed: Berea, Big, Blue, Calhoun, Charleston, Clay, concentration, constituting, Devonian, Gordon, Injun, internally, Lime, low, Monday, order, paraffin, proven, Roane, small, Weir

From filing 10-Q 2020 Q3