Company profile

Ticker
PNRG
Exchange
CEO
Charles E. Drimal
Employees
Incorporated in
Location
Fiscal year end
Former names
Primeenergy Corp
SEC CIK
IRS number
840637348

PNRG stock data

(
)

Calendar

7 Nov 19
11 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 28.18M 31.53M 24.42M 37.84M
Net income 2.51M 5.78M -3.04M 7.41M
Diluted EPS 0.91 2.07 -1.49 2.62
Net profit margin 8.91% 18.31% -12.44% 19.59%
Operating income 4.01M 8.24M -2.79M 9.09M
Net change in cash 1.54M -5.43M 1.94M -1.35M
Cash on hand 4.36M 2.82M 8.25M 6.32M
Cost of revenue 3.97M 3.98M 3.67M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 118.1M 89.31M 56.77M 79.11M
Net income 14.53M 42M 3.44M -12.78M
Diluted EPS 5.11 14.18 1.13 -5.53
Net profit margin 12.30% 47.02% 6.07% -16.16%
Operating income 21.01M 41.98M 11.03M -16.17M
Net change in cash -2.12M -1.67M -3.18M 4.08M
Cash on hand 6.32M 8.44M 10.11M 13.29M
Cost of revenue

Financial data from company earnings reports

Financial report summary

?
Management Discussion
  • We are an independent oil and natural gas company engaged in acquiring, developing and producing oil and natural gas. We presently own producing andnon-producing properties located primarily in Texas, Oklahoma and West Virginia. In addition, we own a substantial amount of well servicing equipment. All of our oil and gas properties and interests are located in the United States. Assets in our principal focus areas include mature properties with long-lived reserves and significant development opportunities as well as newer properties with development and exploration potential.
  • We are the operator of the majority of our developed and undeveloped acreage which is nearly all held by production. In the Permian Basin of West Texas and eastern New Mexico the Company maintains an acreage position of approximately 19,900 gross (12,560 net) acres, 97% of which is located in Reagan, Upton, Martin, and Midland counties of Texas where our current horizontal drilling activity is focused. Recent results from our wells and the wells of other operators have proven the potential of the Lower Spraberry, Jo Mill, and Wolfcamp A intervals, in addition to the Middle Wolfcamp. We believe our Permian Basin acreage has the resource potential to support the future drilling of as many as 375 horizontal wells.
  • In Oklahoma we maintain an acreage position of approximately 55,880 gross (10,700 net) acres. Our Oklahoma horizontal development is focused primarily in Canadian, Kingfisher, Garfield, Major, Grady, and Garvin counties. We believe approximately 3,460 net acres in these counties hold significant additional resource potential that could support the drilling of as many as 105 new horizontal wells based on two reservoir targets and four to eight wells per reservoir per section.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: bench, billion, Citizen, confirmed, fourth, Garfield, investigate, Kashmir, November, pending, planning, Slash, Wallace, WM
Removed: depending, option