PrimeEnergy Resources Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $334.5M
- Price
- $211.35
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.85%
- Volume
- 46.6K
About
PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations. The company was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. PrimeEnergy Resources Corporation was incorporated in 1973 and is based in Houston, Texas.
Quick stats
Shares outstanding1.6M
Computed float627.9K
Float / shares39.7%
Key info
SectorEnergy
IndustryOil & Gas Exploration & Production
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000056868
AI Summary
AI-generated1/29
majorbullishearnings
PrimeEnergy Resources Corporation Reports Second Quarter and First Half 2026 Results
PrimeEnergy reported Q2 2026 net income of $6.5 million, or $4.06 per basic share, doubling the prior year's $3.2 million results, supported by realized oil prices surging to $98.85 per barrel.
Despite the strong oil pricing, the company faced significant headwinds from negative Permian Basin natural gas prices, which averaged -$3.53 per Mcf and resulted in $9.2 million of negative gas revenue.
The company ended the quarter with a debt-free balance sheet and $28.7 million in cash, while repurchasing 31,290 shares for $5.5 million and authorizing an additional 300,000 shares for buyback.
Red flags
- Negative natural gas prices of -$3.53/Mcf indicating severe regional takeaway constraints
- Net income for first half 2026 ($10.9M) lower than first half 2025 ($12.4M)