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PrimeEnergy Reports Increased Production, Higher Revenue, and Strategic Share Repurchases in Q1 2025

1. PNRG's Q1 2025 revenue rose 16.4% year-over-year to $50.1 million. 2. Oil production increased by 6.0%, while natural gas production soared 106.6%. 3. NGL production surged 120.4%, indicating robust operational momentum. 4. Despite revenue growth, diluted EPS fell 15.7% to $3.72. 5. The company repurchased nearly $9.2 million shares, returning capital to shareholders.

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FAQ

Why Bullish?

Despite lower EPS, revenue and production growth signals strong operational performance. Historical trends indicate revenue growth often correlates with increasing stock prices, as seen after previous quarterly earnings reports.

How important is it?

Quarterly earnings directly impact stock performance; significant revenue growth can boost investor confidence. The repurchase program enhances shareholder value and can improve share price in the short term.

Why Short Term?

The upcoming feedback from analysts and market reactions will be immediate post-announcement. Trends show that strong quarterly results in energy stocks can lead to short-term price rallies.

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HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) today announced first quarter 2025 results, with continued growth in oil and gas production supporting a 16.4% increase in revenue year-over-year. While earnings per share declined compared to Q1 2024, the Company highlighted significant shareholder returns and operational momentum. Key Highlights – Q1 2025 vs Q1 2024• Revenue: $50.1 million ↑ 16.4% • Oil Production: 457,000 barrels ↑ 6.0% • Natural Gas Production: 2.39 Bcf ↑ 106.6% • NGL Production: 454,000 barrels ↑ 120.4% • Net Income: $9.1 million ↓ 19.3% • Diluted EPS: $3.72 ↓ 15.7% • Share Buyback 2025: 47,970 shares repurchased at a cost of $9.17 million Since initiating its share repurchase program, PrimeEnergy has returned a total of $112.6 million to shareholders through stock repurchases. As of May 19, 2025, the Company’s outstanding share count was 2,428,000, inclusive of vested options. Total assets were $339.3 million at quarter-end, up from $324.6 million as of December 31, 2024. “Our Q1 results reflect a continuation of strong operational momentum with significant growth in natural gas and NGL volumes,” said Beverly Cummings, CFO of PrimeEnergy. “We are also returning capital to shareholders through our buyback program, demonstrating confidence in our long-term value.” PrimeEnergy Resources is an independent oil and natural gas company engaged in the acquisition, development, and production of hydrocarbons, primarily in Texas. The Company’s common stock trades on the NASDAQ under the symbol PNRG. For investor inquiries, contact: Connie Ng – (713) 735-0000 ext. 6416 Forward-Looking StatementsThis Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.

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