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PrimeEnergy Resources (PNRG) USD

PrimeEnergy Resources Corporation acquires, develops, and produces oil and natural gas in the United States, and provides contract services such as well-servicing and site preparation for drilling operations.

At a glance: strengths & risks
✓Profit growing (+102% y/y, Q2 2026)✓Net cash balance sheet✗Margins compressing (59%→57%, Q2 2026)

Sector: Oil & gas

Geography: United States

COMM_PNRG

Price chart

205.85 USDDay -1.44%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
205.85 USD · -1.44%
Market cap
336 mln USD

Growth

Δ revenue y/y
1.2%
Δ EBITDA y/y
-3.9%

Multiples

P/E (LTM)
13.5x
P/B (FY)
1.6x
P/E (ann.)
12.9x
EV/EBITDA (LTM)
3.2x
EV/EBITDA (ann.)
3.2x

Cash return

Dividend yield
—
FCF yield (LTM)
6.7%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-11.3%
↓ details

Liquidity

Daily turnover (listing)
7.5 mln USD

Shares: yahoo_fundamentals_timeseries/PNRG

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)PARTIAL42.5
y/y 1.2%
8.1
y/y 93.8%
15.9
y/y -23.5%
24.0
y/y -3.9%
6.5
y/y 102.3%
15.4-0.7315.3
y/y -8.1%
218.4
y/y 6.4%
12.0%-28.1Yahoo Finance
2026-03-31Q1 2026 (3M)OK39.4
y/y -21.3%
5.2
y/y -54.0%
16.7
y/y -17.9%
21.9
y/y -30.9%
4.3
y/y -52.5%
16.1-1.5322.3
y/y -5.0%
217.4
y/y 6.1%
8.0%-18.6Link
2025-12-31Q4 2025 (3M)OK51.0
y/y —
1.6
y/y —
20.5
y/y —
22.1
y/y —
3.4
y/y —
12.24.1323.9
y/y —
215.7
y/y —
12.3%-7.0Link
2025-09-30Q3 2025 (3M)OK46.0
y/y -33.8%
13.3
y/y -52.6%
14.1
y/y -22.7%
27.4
y/y -40.8%
10.6
y/y -52.2%
54.7-39.3332.0
y/y -3.9%
213.8
y/y 4.9%
6.7%-3.1Link
2025-06-30Q2 2025 (3M)OK42.0
y/y -35.2%
4.2
y/y -83.1%
20.8
y/y 20.2%
25.0
y/y -40.5%
3.2
y/y -83.6%
-8.3-6.0343.0
y/y 2.5%
205.2
y/y 10.2%
6.3%10.4Link
2025-03-31Q1 2025 (3M)OK50.1
y/y 16.4%
11.4
y/y -20.7%
20.4
y/y 97.3%
31.7
y/y 28.7%
9.1
y/y -19.3%
38.2-34.7339.3
y/y 1.9%
205.0
y/y 21.0%
17.9%5.4Link
2024-12-31Q4 2024 (3M)OK60.5
y/y 72.9%
-24.0
y/y -18.2%
12.4
y/y 277.5%
-11.6
y/y 164.8%
-19.8
y/y -61.3%
-26.832.3324.6
y/y 12.5%
202.9
y/y 26.1%
4.5%1.6Yahoo Finance
2024-09-30Q3 2024 (3M)OK69.5
y/y 84.8%
28.1
y/y 113.7%
18.2
y/y 104.3%
46.3
y/y 109.9%
22.1
y/y 105.9%
50.8-53.2345.6
y/y 36.3%
203.8
y/y 30.7%
15.1%1.7Link
2024-06-30Q2 2024 (3M)OK64.8
y/y 81.5%
24.7
y/y 87.4%
17.3
y/y 130.2%
42.0
y/y 103.0%
19.7
y/y 95.6%
-1.9-8.9334.8
y/y 37.3%
186.3
y/y 27.2%
44.4%2.5Link
2024-03-31Q1 2024 (3M)OK43.0
y/y 88.4%
14.3
y/y 674.0%
10.3
y/y 60.7%
24.7
y/y 198.0%
11.3
y/y 702.8%
43.2-54.1332.9
y/y 39.1%
169.4
y/y 21.9%
27.4%2.9Link
2023-12-31Q4 2023 (3M)OK35.0
y/y —
-8.1
y/y —
8.1
y/y —
-8.9
y/y —
-4.8
y/y —
38.3-26.7288.6
y/y —
160.9
y/y —
14.8%-11.1Yahoo Finance
2023-09-30Q3 2023 (3M)OK37.6
y/y —
13.1
y/y —
8.9
y/y —
22.1
y/y —
10.7
y/y —
35.3-20.1253.6
y/y —
156.0
y/y —
9.5%-19.8Link
2023-06-30Q2 2023 (3M)OK35.7
y/y —
13.2
y/y —
7.5
y/y —
20.7
y/y —
10.1
y/y —
4.8-16.9243.8
y/y —
146.5
y/y —
28.3%-5.1Link
2023-03-31Q1 2023 (3M)OK22.8
y/y —
1.9
y/y —
6.4
y/y —
8.3
y/y —
1.4
y/y —
30.6-30.1239.3
y/y —
139.0
y/y —
—-13.7Link

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)1
Long-term debt (incl. LT leases)0
− Cash & equivalents29
Net debt-28

Net debt / LTM EBITDA: -0.3x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

0204060802024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%0%100%200%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

-20-10010202024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-30-20-10010202024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2021–2025 operating cash flow came to 3.68x of reported net profit; after capex, 0.79x.
year202120222025
cash flow / profit13.64x0.68x3.68x
accruals, % of assets-12.6%6.3%-21.7%
Last twelve months (to 2026-06-30): 3.96x of profit came back as operating cash flow.
net debt / EBITDA -0.1x · capex 0.9x of depreciation · share count -3.1% a year
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Oil and Gas E and P

Proved reserves
2.82 mln boe
2025
Reserve life (R/P)
1.1 yrs
reserves ÷ annual output
Annual production
2.60 mln boe
2024

Production, mln boe

1.0020150.9620161.3420171.3320181.3620190.8420200.9120211.1320221.2520232.602024

Proved reserves

YearReserves, mln boe
20252.82
20241.67
20232.90 *
20221.67 *
202112.25
202010.44
20191.42 *
201812.66
201710.67

Production

YearProduction, mln boeper day, mln boe
20260.48 * (3M)
−11.4%		0.01
20251.14 * (6M)
−0.2%		0.01
20242.60
+108.5%		0.01
20231.25
+10.4%		0.00
20221.13
+24.8%		0.00
20210.91
+7.3%		0.00
20200.84
−38.0%		0.00
20191.36
+2.4%		0.00
20181.33
−0.9%		0.00

* historical figures with reconstructed scale · * partial year

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Key-commodity price — WTI Crude Oil

Current 100spot vs LTM +29%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -11.3% ▲ +1.3 pp 1d

Main driver: WTI Crude Oil +39% vs LTM; revenue ×1.22 vs costs ×1.06; EBITDA 95→113; at 2.2× EV/EBITDA → -11%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
WTI Crude Oil (rev)+70%99.8971.9676.68+39%+7%
Henry Hub Gas (rev)+30%2.783.383.12-18%-8%
US Diesel Index (EIA) (cost)-5%6.284.264.23+47%-1%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue179
LTM EBITDA95
LTM cash costs (revenue − EBITDA)83
2 · Revenue projection
Revenue multiplier — spot×1.218 (+22%)
= Spot revenue218
Revenue multiplier — 3y price×1.023 (+2%)
= 3-year-price revenue183
3 · Costs projection
Cost multiplier — spot×1.062 (+6%)
= Spot cash costs89
Cost multiplier — 3y price×1.038 (+4%)
= 3-year-price cash costs87
4 · EBITDA projection (revenue − costs)
= Spot EBITDA129
= 3-year-price EBITDA96
Conservative EBITDA = min(spot, avg)113
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)2.2x
Target EV = EV/EBITDA × conservative EBITDA249
Net debt-17
Target market cap = EV − net debt266
Current market cap300

Upside = target market cap ÷ current − 1 = -11.3%

Life of mine: 1 yrs

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q33834+11.9%2213+70.5%
2023 Q43536-3.4%1315-13.3%
2024 Q14330+41.6%2513+86.3%
2024 Q26538+71.0%4220+111.8%
2024 Q36942+65.2%4622+110.6%
2024 Q46153+13.4%3531+10.7%
2025 Q15068-26.0%3245-28.9%
2025 Q24260-29.9%2537-32.3%
2025 Q34652-11.8%2731-10.2%
2025 Q45148+5.6%2228-20.7%
2026 Q13950-21.4%2229-23.9%
2026 Q24256-23.6%2434-29.8%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 1.9x · target 75th pct (3y) 2.2x · LTM avg 2.9x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Peer comparison

Group: Oil & gas. Each peer is shown as it trades and re-priced onto this company's market (global) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
Aker BPglobal26.03.2x3.2x
Occidental Petroleumglobal61.85.1x5.1x
LukoilRussia43.62.5x5.2x
GazpromRussia32.02.9x5.9x
TatneftRussia17.62.9x6.0x
RosneftRussia49.63.3x6.9x
ConocoPhillipsglobal182.47.4x7.4x
Gazprom NeftRussia33.04.2x8.7x
Chevronglobal420.88.7x8.7x
SantosAustralia20.99.6x9.1x
Exxon Mobilglobal744.210.5x10.5x
NovatekRussia42.68.5x17.7x
Group median4.7x7.1x
Group average5.7x7.9x
This companyglobal0.33.2x3.2x

Group median 4.7x as traded, 7.1x adjusted; this company 3.2x — a 55% discount.

Group average 5.7x as traded, 7.9x adjusted; against the average this company is at a 59% discount.

At the adjusted group median the market cap would be +119% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.9x, Russia 3.7x, South Africa 5.0x, Kazakhstan 4.7x, India 18.8x, Indonesia 5.1x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-22; the company's own is live.

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of PrimeEnergy Resources (PNRG) — from primary filings.

Frequently asked questions

What is PrimeEnergy Resources (PNRG)'s P/E ratio?
PrimeEnergy Resources (PNRG) trades at a P/E of 13.5x (price to trailing 12-month earnings).
What is PrimeEnergy Resources (PNRG)'s EV/EBITDA?
PrimeEnergy Resources (PNRG) trades at 3.2x EV/EBITDA.
What is PrimeEnergy Resources (PNRG)'s P/B ratio?
PrimeEnergy Resources (PNRG) trades at a P/B of 1.6x.
What is PrimeEnergy Resources (PNRG)'s return on equity (ROE)?
PrimeEnergy Resources (PNRG)'s ROE is 12.0%.
What is PrimeEnergy Resources (PNRG)'s market capitalization?
PrimeEnergy Resources (PNRG)'s market cap is 336 mln USD.

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