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.)
- $328.6M
- Price
- $212.65
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.59%
- Volume
- 68.6K
About
PrimeEnergy Resources Corporation operates as an independent enterprise within the oil and natural gas industry. Through its various subsidiaries, the company is dedicated to identifying, developing, and extracting oil and gas reserves throughout the United States. Furthermore, it expands its holdings by participating in joint ventures alongside other industry partners. Beyond its core exploration and production activities, PrimeEnergy provides specialized contract services to third parties, including well-servicing support, site preparation, and construction assistance for drilling and well-reworking operations. The company directly operates approximately 710 active wells and holds passive interests in an additional 822 wells, primarily situated in Oklahoma and Texas. Founded in 1973 and headquartered in Houston, Texas, the organization rebranded from PrimeEnergy Corporation to its present name, PrimeEnergy Resources Corporation, in December 2018.
Quick stats
Shares outstanding1.6M
Computed float627.9K
Float / shares38.4%
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
Websitehttps://www.primeenergy.com
AI Summary
AI-generated1/34
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)