PHILADELPHIA, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating PrimeEnergy Resources Corporation (NASDAQ: PNRG) (“PrimeEnergy”) on behalf of the company’s shareholders to determine whether PrimeEnergy and/or the company’s officers and directors violated the securities laws or breached their fiduciary duties in connection with recent corporate actions.  Since March 2025, shares of PrimeEnergy’s common stock have declined in value from a trading price of over $228.00 per sh ...

Core Viewpoint - The article emphasizes the analysis of oil and gas companies, particularly focusing on identifying undervalued firms in the sector, with a specific mention of PrimeEnergy Resources Corporation as a notable example [1]. Group 1: Company Overview - PrimeEnergy Resources Corporation (PNRG) is highlighted as a company with no long-term debt, which positions it favorably in the volatile oil and gas industry [2]. - The company operates in the upstream sector, which is characterized by its cyclical nature, requiring patience and experience for successful investment [2]. Group 2: Investment Strategy - The investment group, Oil & Gas Value Research, seeks out under-followed oil companies and midstream firms that present compelling investment opportunities [2]. - The group facilitates discussions among investors through an active chat room, allowing for the exchange of recent information and investment ideas [2].

PrimeEnergy Resources ( PNRG ) has pronouncedly underperformed the broad market and its sector in the last 12 months. The stock has declined 11% whereas the S&P 500 has rallied 12% and the Energy Select Sector SPDR Fund ETF (I am a chemical engineer with a MS in Food Technology and Economics, and a MENSA member. I am the author of the book "Investing in Stocks and Bonds: The Early Retirement Project" (2024):I am also the author of the book "Mental Math: How to perform math calculations in your mind".I am al ...

Core Viewpoint - PrimeEnergy Resources Corporation (PNRG) reported a decline in revenues and net income for the third quarter of 2025, primarily due to weaker oil and natural gas liquids (NGL) realizations, although natural gas performance showed improvement [2][7]. Earnings & Revenue Performance - Third-quarter 2025 revenues were $46 million, down from $69.5 million a year earlier - Net income for the quarter was $10.6 million compared to $22.1 million in the same period last year - Basic earnings per share were $6.41, down from $12.63, while diluted EPS fell to $4.38 from $8.80 [2]. Key Business Metrics - Oil revenues decreased by 38.1% to $34.8 million, driven by a 33.3% drop in barrels sold and a 7.2% decline in average realized oil price - NGL revenues fell 21.7% to $5.6 million due to lower realized prices, despite stable volumes - Natural gas revenues more than tripled to $2 million, with gas sold increasing by 6.6% and average realized gas price rising from $0.30 per Mcf to $0.86 per Mcf - Total oil-and-gas revenues declined 33.8% to $42.4 million for the quarter [3]. Cost Performance - Lease operating expenses decreased by 18.9% to $10.4 million, and production and ad valorem taxes fell by 9.1% to $2.4 million - Depreciation, depletion, and amortization (DD&A) dropped 22.7% year over year to $14.1 million - General and administrative expenses improved by 22.9% to $3 million, while interest expense increased slightly to $0.48 million [4]. Balance Sheet Overview - As of September 30, 2025, the company had $3.7 million in cash and no outstanding bank debt, with a $115 million borrowing base undrawn - The company repurchased 13,000 shares in the third quarter and 73,470 shares year to date under its buyback program [5]. Management Commentary - Management emphasized capital discipline and shareholder returns, highlighting a strong balance sheet and high insider ownership - Chairman and CEO Charles E. Drimal, Jr. noted the balance between disciplined investment and capital returns to shareholders, with insiders controlling a significant stake [6]. Operational Developments - The company continued its horizontal development program, participating in 15 Double Eagle-operated wells and investing about $30.1 million, along with $5.4 million in eight "Horseshoe" wells - These wells were brought online by quarter-end or shortly thereafter, supporting longer-term production [8]. Future Outlook - Management expects to invest about $98 million in 44 horizontal wells during 2025, following previous investments of $96 million in 2023 and $113 million in 2024 - The company sees a multi-year Permian drilling opportunity with over 100 potential horizontal locations and projects roughly $224 million of investment over the next several years [10]. Other Developments - The only noted disposition in 2025 was a $0.6 million gain from the sale of a fully depreciated workover rig in the first quarter - Comparability of field-service income and expense continues to be affected by the sale of a South Texas service company in the third quarter of 2024 [11].

Core Viewpoint - PrimeEnergy Resources Corporation reported its financial and operational results for Q3 2025, highlighting a strong balance sheet and disciplined capital allocation strategies [1]. Financial Results - Net income for the quarter was $10.6 million, with a year-to-date total of $22.9 million [7]. - Operating cash flow for the first nine months of 2025 reached $84.5 million [7]. - Total revenue from oil, gas, and NGLs for the quarter was $45.97 million [7]. Production & Sales Data - Q3 production included 505 MBbl of oil, 2.3 Bcf of natural gas, and 362 MBbl of NGLs [7]. - Year-to-date production totaled 1.56 MMbbl of oil, 7.1 Bcf of gas, and 1.20 MMbbl of NGLs [7]. Balance Sheet and Liquidity - As of September 30, 2025, the Company reported zero outstanding bank debt and full availability under its $115 million revolving credit facility [2]. - The Company is focused on evaluating opportunities for disciplined development and acquisitions while maintaining liquidity [2]. Capital Allocation & Shareholder Alignment - The Company retired 73,470 shares year-to-date, reducing outstanding shares by over 4% [3]. - Chairman and CEO Charles E. Drimal, Jr. holds approximately 56.5% of fully diluted shares, with directors and a major shareholder holding an additional 20% [3]. Operational Update - Development continued across core acreage in Texas and Oklahoma, focusing on long-lived production and capital discipline [4]. - Gas revenue saw a significant increase due to higher pricing and increased volumes, while oil volumes declined due to natural decline in mature assets [4]. Management Commentary - The Chairman and CEO emphasized the balance between disciplined investment and returning capital to shareholders, highlighting the strong balance sheet and high insider ownership as indicators of long-term strategic alignment [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 0-7406 PrimeEnergy Resources Corporation (Exact name of registrant as specified in its charter) Delaware 84-0637348 (State or other jurisdi ...

Core Insights - PrimeEnergy Resources Corporation has been recognized in two significant rankings for corporate performance, highlighting its strong growth and shareholder returns [1][2] - The company ranked **9th overall** in the Houston Chronicle's Chronicle 100 list and **6** in Forbes' Oil & Gas Operations category for America's Most Successful Small-Cap Companies 2025 [1][2] Company Performance - The Houston Chronicle's ranking evaluates revenue growth, earnings per share growth, and total shareholder return, indicating PrimeEnergy's robust financial health [1] - Forbes' recognition focuses on companies under $2 billion in market capitalization that excel in growth, profitability, and return on investment, showcasing PrimeEnergy's competitive position in the industry [2] Leadership and Strategy - Charles E. Drimal, Jr., Chairman and CEO, attributes these recognitions to employee dedication, strong operating strategy, and commitment to long-term shareholder value [3] - The company celebrates the 90th birthday of Director Clint Hurt, who has been pivotal in guiding the company's growth since 1987, with shares increasing from $0.70 to over $150 [3] Operational Focus - PrimeEnergy emphasizes disciplined growth and operational efficiency across its oil and natural gas properties, focusing on prudent capital allocation and technology-driven efficiencies [4] - The company manages a diversified portfolio of producing wells and development opportunities, reinforcing its commitment to shareholder value [5]

Core Viewpoint - PrimeEnergy Resources Corporation (PNRG) has shown resilience in a challenging oil market, outperforming its peers and focusing on expanding its natural gas production while managing share buybacks to reward investors [1][2][16]. Company Performance - PNRG stock has increased by 14.9% over the past year, contrasting with a 13.9% decline in the industry [1]. - The company has faced declining crude prices, impacting earnings and margins, yet it has maintained solid cash flow and is actively repurchasing shares [2][9]. - For the first half of 2025, PNRG reported revenues of $92 million, down from $107.8 million the previous year, with net income decreasing to $12.4 million from $31.1 million [8]. Production and Investment Strategy - PNRG is focusing on its core assets in the Permian Basin, emphasizing horizontal drilling to enhance production while minimizing environmental impact [3]. - The company plans to invest $129 million in 43 horizontal wells in 2025, an increase from $113 million in 2024 and $96 million in 2023 [4]. - Between 2023 and 2025, PNRG projects a total investment of $338 million in horizontal development, primarily in West Texas [5]. Market Environment - The U.S. Energy Information Administration forecasts Brent crude prices to average $58 per barrel in Q4 2025, potentially dropping to $50 in early 2026 due to oversupply [10]. - In contrast, natural gas prices are expected to rise, with Henry Hub spot prices projected to reach $4.30 per MMBtu in 2026, supported by increased LNG exports [10]. - PNRG's growth in natural gas and NGL production is helping to balance revenues against the volatility of oil prices [11]. Valuation Metrics - PNRG is currently trading at a trailing 12-month EV/EBITDA ratio of 1.89X, significantly lower than the industry average of 11.19X and its peers, indicating potential undervaluation [12].

Core Viewpoint - PrimeEnergy Resources Corporation reported significant declines in revenues and net income for the second quarter of 2025, primarily due to lower oil prices, despite some growth in natural gas and NGL volumes [2][3][14]. Earnings & Revenue Performance - Revenues for Q2 2025 were $42 million, down 35% from $64.8 million in Q2 2024 [2]. - Net income fell to $3.2 million from $19.7 million year-over-year, with diluted earnings per share dropping to $1.33 from $7.77 [2]. - For the first half of 2025, total revenues were $92 million compared to $107.8 million in the prior year, and net income decreased to $12.4 million from $31.1 million [3]. Key Business Metrics - Oil sales decreased to $34.2 million from $56.2 million a year earlier, reflecting a 14% decline in production volumes and a 30% drop in realized oil prices [4]. - Natural gas revenues plummeted 48% to $43,000, while natural gas liquids sales rose 5% to $5.6 million due to a 39% increase in volumes [5]. - Field service income fell 32% to $2 million as the company scaled back service operations [5]. Expense Overview - Oil and gas production costs decreased 19% year-over-year to $10.1 million, while production and ad valorem taxes fell by more than 50% [6]. - General and administrative expenses declined 23% to $3 million, but depreciation, depletion, and amortization increased 20% to $20.8 million due to new wells [6]. - Interest expenses more than tripled to $0.7 million, reflecting higher borrowings [6]. Management Commentary - Chairman Charles E. Drimal, Jr. emphasized the resilience of the diversified production base and the importance of maintaining a balanced production mix [7]. - Management expressed confidence in long-term value creation through continued execution of its development program, particularly in the Permian Basin [8]. Factors Influencing Performance - The declines in earnings were primarily due to oil price volatility, with average realized oil prices at $56.96 per barrel, down nearly 30% year-over-year [9]. - The drop in commodity pricing eroded revenues despite higher natural gas and NGL volumes [9]. Outlook - PrimeEnergy plans to continue share repurchases, having already deployed $12.1 million in the first half of 2025 [11]. - The company expects to invest $98 million in 44 horizontal wells this year, highlighting ongoing development activity [12]. Other Developments - The company consolidated shareholder control, with chairman Drimal entering into voting rights agreements covering 155,926 shares, bringing affiliated shareholders' control to over 80% [13]. - Continued investment in the Permian Basin includes multiple joint ventures and horizontal drilling projects [14]. - PrimeEnergy repurchased 16,970 shares in Q2 at an average price of $173.43, reflecting its capital return strategy [14].

Group 1 - The article discusses the analysis of oil and gas companies, specifically focusing on identifying undervalued companies in the sector [1] - The author emphasizes the importance of understanding the balance sheet, competitive position, and development prospects of these companies [1] - The oil and gas industry is characterized as a boom-bust, cyclical industry, requiring patience and experience for successful investment [2] Group 2 - The article mentions that the author has no current stock or derivative positions in the companies discussed but may initiate a long position in the future [3] - It is noted that the article reflects the author's personal opinions and is not influenced by compensation from any company mentioned [3] - The article does not provide investment advice and encourages investors to conduct their own research [4]