PrimeEnergy announces Q2 EPS of $1.33, down from $7.77 a year ago
Reports Q2 revenue $42M vs. $64.8M last year. "While oil volumes were modestly lower year-over-year, we delivered strong growth in natural gas and NGL production. This shift underscores the strength of our diversified production base and supports greater balance in our revenue streams," said Charles E. Drimal, Jr., Chairman of PrimeEnergy. "Despite softer commodity prices, our diversified production mix and disciplined capital program continue to support growth and shareholder returns," said Charles E. Drimal, Jr., Chairman, of PrimeEnergy. "We remain confident in our ability to execute our development program and create long-term value."
