PNRG 2024 Earnings Soar Y/Y on Oil Output, Stock Falls 17% in a Month

Shares of PrimeEnergy Resources Corporation (PNRG) have lost 8.3% since reporting 2024 results. This compares with the S&P 500 index’s 2.2% decline over the same time frame. Over the past month, the stock has plunged 17% compared with the S&P 500’s 3.8% fall.Revenues & Earnings Surge Y/Y Amid Strong Production GrowthFor the year ended Dec. 31, 2024, PrimeEnergy reported total revenues of $237.8 million, up 79$132.8 million in 2023. Net income nearly doubled to $55.4 million from$28.1 million the pre ...