PRIMEENERGY RESOURCES CORP

PrimeEnergy Resources Corp.'s Board of Directors authorized the repurchase of up to an additional 300,000 shares of the company's common stock. These repurchases may be conducted in open-market or privately negotiated transactions, subject to market conditions and cash availability. Separately, at the Annual Meeting held on June 10, 2026, stockholders elected five management-nominated directors, all of whom were currently serving, for a one-year term.

PrimeEnergy Resources Corporation reported Q1 2026 net income of $4.3 million, or $2.67 per basic share, a decrease from $9.1 million in Q1 2025. Despite unprecedented negative natural gas prices in the Permian Basin, the company generated approximately $24 million in cash flow and maintained zero debt. Management anticipates these challenging pricing conditions to persist throughout 2026 due to pipeline capacity constraints. The company also repurchased 14,500 shares and plans to invest $52 million in a Permian Basin project this year.

PrimeEnergy Resources Corp. reported a significant decline in net income and total revenue for the first quarter of 2026 compared to the prior year. Net income decreased by 52.5% to $4.34 million, while total revenues fell by 21.3% to $39.40 million, primarily due to lower natural gas and NGL prices and an unrealized loss on derivatives. The company maintained a $115 million credit facility with no outstanding borrowings.

PrimeEnergy Resources reported its financial and operating results for the year ended December 31, 2025. Total revenue decreased to $189.1 million from $237.8 million in 2024, and net income fell to $26.3 million ($15.85 per share) from $55.4 million ($31.43 per share). These declines were primarily due to lower realized oil and NGL prices, despite strong operational performance with increased natural gas and NGL production. The company maintained a strong financial position with no outstanding bank debt and continued its share repurchase program, significantly reducing shares outstanding.

PrimeEnergy Resources Corporation (PNRG) has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The company is designated as both a Non-Accelerated Filer and a Smaller Reporting Company. As of the last business day of its most recently completed second fiscal quarter, the aggregate market value of voting stock held by non-affiliates was $73,920,140.