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

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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.

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.

"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.

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Author / Journalist: Primeenergy Resources Corporation

Category: Technology

Markets: China

Topics: US74158E1047 Nasdaq:PNRG

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

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Published On: 2025-05-19 @ 23:36:00 (1 days ago)

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Language: English

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