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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

1 Apr 21
12 Apr 21
31 Dec 21
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

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 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 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
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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