PrimeEnergy Reports Q1 2026 Financial Results Amidst Adverse Pricing Conditions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
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Source: Newsfilter
- Financial Performance: PrimeEnergy reported a net income of $4.3 million for Q1 2026, translating to $2.67 per basic share, which reflects a decline from $9.1 million and $5.40 per share in Q1 2025, indicating resilience despite adverse market conditions.
- Cash Flow Generation: The company generated approximately $24 million in cash flow during the quarter, ensuring funding for ongoing development activities and corporate purposes despite unprecedented negative natural gas prices.
- Debt-Free Status: As of the end of the quarter, PrimeEnergy maintained zero debt and had full access to its $115 million revolving credit facility, providing substantial financial flexibility for future asset development.
- Share Repurchase Program: The company repurchased 14,500 shares at an average price of approximately $180.81 during the quarter, reflecting confidence in its stock's intrinsic value, and has repurchased a total of 3.93 million shares for about $119.6 million since the program's inception.
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About PNRG
PrimeEnergy Resources Corporation is an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas. The Company owns leasehold, mineral and royalty interests in producing and non-producing oil and gas properties across the United States, primarily in Oklahoma and Texas. Through its subsidiaries Prime Operating Company, Eastern Oil Well Service Company, and EOWS Midland Company, it acts as operator and provides well-servicing support operations for many of the onshore oil and gas wells it operates, as well as for third parties. The Company operates approximately 507 active wells and owns non-operating interests and royalties in approximately 1054 additional wells. Additionally, the Company provides well-servicing support operations, site-preparation and construction services for oil and gas drilling and reworking operations, both in connection with the Company’s activities and providing contract services to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PrimeEnergy Reports Q1 2026 Financial Results Amidst Adverse Pricing Conditions
- Financial Performance: PrimeEnergy reported a net income of $4.3 million for Q1 2026, translating to $2.67 per basic share, which reflects a decline from $9.1 million and $5.40 per share in Q1 2025, indicating resilience despite adverse market conditions.
- Cash Flow Generation: The company generated approximately $24 million in cash flow during the quarter, ensuring funding for ongoing development activities and corporate purposes despite unprecedented negative natural gas prices.
- Debt-Free Status: As of the end of the quarter, PrimeEnergy maintained zero debt and had full access to its $115 million revolving credit facility, providing substantial financial flexibility for future asset development.
- Share Repurchase Program: The company repurchased 14,500 shares at an average price of approximately $180.81 during the quarter, reflecting confidence in its stock's intrinsic value, and has repurchased a total of 3.93 million shares for about $119.6 million since the program's inception.
See More
Insider at PrimeEnergy Resources (PNRG.US) Plans to Sell $3.45 Million in Common Stock via Form 144
Amrace Inc. Stock Sale: Amrace Inc. intends to sell 15,000 shares of its common stock on April 27, with a total market value of approximately $3.45 million.
Shareholding Reduction: Amrace Inc. has reduced its shareholding in Prime Energy Resources (PNRG.US) by 30,000 shares since January 13, 2026, with a total value of around $5.51 million.
See More
PrimeEnergy Reports Strong FY 2025 Performance with Mixed Revenue Trends
- Earnings Highlights: PrimeEnergy Resources reported a GAAP EPS of $15.85 for FY 2025, despite a 20.5% year-over-year revenue decline to $189.1 million, indicating strong profitability amidst challenging conditions.
- Natural Gas Production Surge: The company saw a 26.5% increase in natural gas production to 9.8 Bcf, showcasing robust operational performance in the natural gas sector, even as overall revenues fell.
- Price Volatility Impact: While realized natural gas prices surged by 77.3%, oil and NGL prices fell by 16.5% and 24.4%, respectively, highlighting the impact of market price fluctuations on the company's revenue streams.
- NGL Production Growth: NGL production rose by 28.5% to 1.66 million barrels, demonstrating the company's growth potential in the NGL segment, despite a 10.6% decline in oil production to 2.29 million barrels.
See More
PrimeEnergy Reports 2025 Financial Highlights Amid Commodity Price Volatility
- Revenue and Net Income Decline: Total revenue for 2025 was $189.1 million, down from $237.8 million in 2024, with net income at $26.3 million compared to $55.4 million last year, primarily due to commodity price volatility, indicating the company's vulnerability in fluctuating markets.
- Natural Gas and NGL Production Growth: Natural gas production increased by 26.5% to 9.8 Bcf, and NGL production rose by 28.5% to 1.66 million barrels, despite a 10.6% decline in oil production to 2.29 million barrels, showcasing the company's strong performance in the natural gas sector.
- Strong Financial Position: The company ended 2025 with zero bank debt and full availability under its $115 million credit facility, demonstrating robust liquidity and financial flexibility that secures future investment opportunities.
- Ongoing Share Repurchase Program: The company has reduced its outstanding shares from approximately 7.6 million to 1.6 million through its ongoing share repurchase program, significantly increasing each shareholder's ownership in assets and cash flow, reflecting a commitment to long-term shareholder value.
See More
PRIMEENERGY RESOURCES CORPORATION CONFIRMS BORROWING BASE AND REDUCES PRICING ON CREDIT FACILITY
Borrowing Base Reaffirmation: Prime Energy Resources Corporation has announced a reaffirmation of its borrowing base under its credit facility.
Pricing Reduction: The company has also implemented a reduction in pricing related to its borrowing arrangements.
See More
Robert De Rothschild Sells 10% Stake in PrimeEnergy Resources
- Share Sale: On January 13, 2026, Robert De Rothschild sold 8,700 shares of PrimeEnergy Resources (PNPREMIUM), indicating a potential decrease in confidence regarding the company's future, prompting investors to monitor subsequent developments closely.
- Ownership Change: This transaction reduces De Rothschild's stake to 10%, which may impact market confidence in PrimeEnergy, especially amid current volatility in the energy sector.
- Market Reaction: The market may react negatively to this share sale, necessitating close attention to PrimeEnergy's stock price movements and subsequent financial performance to assess potential risks.
- Strategic Implications: De Rothschild's change in ownership may reflect a reassessment of PrimeEnergy's future strategic direction, leading investors to consider the implications of this shift on the company's long-term growth prospects.
See More
PrimeEnergy Reports Q1 2026 Financial Results Amidst Adverse Pricing Conditions
- Financial Performance: PrimeEnergy reported a net income of $4.3 million for Q1 2026, translating to $2.67 per basic share, which reflects a decline from $9.1 million and $5.40 per share in Q1 2025, indicating resilience despite adverse market conditions.
- Cash Flow Generation: The company generated approximately $24 million in cash flow during the quarter, ensuring funding for ongoing development activities and corporate purposes despite unprecedented negative natural gas prices.
- Debt-Free Status: As of the end of the quarter, PrimeEnergy maintained zero debt and had full access to its $115 million revolving credit facility, providing substantial financial flexibility for future asset development.
- Share Repurchase Program: The company repurchased 14,500 shares at an average price of approximately $180.81 during the quarter, reflecting confidence in its stock's intrinsic value, and has repurchased a total of 3.93 million shares for about $119.6 million since the program's inception.
See More
Insider at PrimeEnergy Resources (PNRG.US) Plans to Sell $3.45 Million in Common Stock via Form 144
Amrace Inc. Stock Sale: Amrace Inc. intends to sell 15,000 shares of its common stock on April 27, with a total market value of approximately $3.45 million.
Shareholding Reduction: Amrace Inc. has reduced its shareholding in Prime Energy Resources (PNRG.US) by 30,000 shares since January 13, 2026, with a total value of around $5.51 million.
See More
PrimeEnergy Reports Strong FY 2025 Performance with Mixed Revenue Trends
- Earnings Highlights: PrimeEnergy Resources reported a GAAP EPS of $15.85 for FY 2025, despite a 20.5% year-over-year revenue decline to $189.1 million, indicating strong profitability amidst challenging conditions.
- Natural Gas Production Surge: The company saw a 26.5% increase in natural gas production to 9.8 Bcf, showcasing robust operational performance in the natural gas sector, even as overall revenues fell.
- Price Volatility Impact: While realized natural gas prices surged by 77.3%, oil and NGL prices fell by 16.5% and 24.4%, respectively, highlighting the impact of market price fluctuations on the company's revenue streams.
- NGL Production Growth: NGL production rose by 28.5% to 1.66 million barrels, demonstrating the company's growth potential in the NGL segment, despite a 10.6% decline in oil production to 2.29 million barrels.
See More
PrimeEnergy Reports 2025 Financial Highlights Amid Commodity Price Volatility
- Revenue and Net Income Decline: Total revenue for 2025 was $189.1 million, down from $237.8 million in 2024, with net income at $26.3 million compared to $55.4 million last year, primarily due to commodity price volatility, indicating the company's vulnerability in fluctuating markets.
- Natural Gas and NGL Production Growth: Natural gas production increased by 26.5% to 9.8 Bcf, and NGL production rose by 28.5% to 1.66 million barrels, despite a 10.6% decline in oil production to 2.29 million barrels, showcasing the company's strong performance in the natural gas sector.
- Strong Financial Position: The company ended 2025 with zero bank debt and full availability under its $115 million credit facility, demonstrating robust liquidity and financial flexibility that secures future investment opportunities.
- Ongoing Share Repurchase Program: The company has reduced its outstanding shares from approximately 7.6 million to 1.6 million through its ongoing share repurchase program, significantly increasing each shareholder's ownership in assets and cash flow, reflecting a commitment to long-term shareholder value.
See More
PRIMEENERGY RESOURCES CORPORATION CONFIRMS BORROWING BASE AND REDUCES PRICING ON CREDIT FACILITY
Borrowing Base Reaffirmation: Prime Energy Resources Corporation has announced a reaffirmation of its borrowing base under its credit facility.
Pricing Reduction: The company has also implemented a reduction in pricing related to its borrowing arrangements.
See More
Robert De Rothschild Sells 10% Stake in PrimeEnergy Resources
- Share Sale: On January 13, 2026, Robert De Rothschild sold 8,700 shares of PrimeEnergy Resources (PNPREMIUM), indicating a potential decrease in confidence regarding the company's future, prompting investors to monitor subsequent developments closely.
- Ownership Change: This transaction reduces De Rothschild's stake to 10%, which may impact market confidence in PrimeEnergy, especially amid current volatility in the energy sector.
- Market Reaction: The market may react negatively to this share sale, necessitating close attention to PrimeEnergy's stock price movements and subsequent financial performance to assess potential risks.
- Strategic Implications: De Rothschild's change in ownership may reflect a reassessment of PrimeEnergy's future strategic direction, leading investors to consider the implications of this shift on the company's long-term growth prospects.
See More
