PrimeEnergy Resources Corporation Reports Significant Increases in Q3 2024 Net Income and Production Volumes
PrimeEnergy Resources Corporation Reports Significant Increases in Q3 2024 Net Income and Production Volumes
Oil production increased by 134.37%, with 757,000 barrels produced in Q3 2024 compared to 323,000 barrels in Q3 2023.PrimeEnergy Resources Corporation reported significant increases in net income and production for Q3 and the first nine months of 2024.
primeenergy resources公司在2024年第三季度及前九个月报告了净利润和生产的显著增长。
Quiver AI Summary
Quiver AI 概要
PrimeEnergy Resources Corporation reported a net income of $22.1 million for the third quarter of 2024, and $53.1 million for the nine months ending September 30, resulting in earnings per share of $8.80 and $20.93, respectively. The company saw significant increases in production volumes compared to the same periods in 2023, with oil production up 134.37% and natural gas production up 98.41% for the quarter. Total revenues for the third quarter were $69.5 million, a substantial rise from $37.6 million in the previous year, reflecting the company's strong performance in the oil and gas sector. The total assets as of September 30, 2024, were reported at $345.6 million, up from $288.6 million at the end of the previous year. PrimeEnergy, an independent oil and gas company based in Texas, continues to engage in the acquisition and production of oil and natural gas, with its shares traded on the Nasdaq under the symbol PNRG.
primeenergy resources公司在2024年第三季度报告了净利润为$2210万，截止9月30日的九个月净利润为$5310万，分别每股收益为$8.80和$20.93。与2023年同期相比，该公司在生产量上有显著增加，油气生产同比增长134.37%，天然气生产同比增长98.41%。第三季度的总营业收入为$6950万，比去年$3760万大幅上升，反映出该公司在油气板块的强劲表现。截至2024年9月30日，总资产报告为$34560万，较上年末的$28860万有所增加。primeenergy是一家总部位于德克萨斯的独立油气公司，继续从事油气的收购和生产，其股份在纳斯达克以标的PNRG交易。
Potential Positives
潜在的积极因素
- Net income for the quarter reached $22,076,000, significantly up from $10,720,000 in the same quarter of 2023, reflecting strong financial performance.
- Oil production increased by 134.37% year-over-year for the quarter, underscoring substantial growth in operational capacity.
- Natural gas production volumes nearly doubled, with a 98.41% increase, highlighting enhanced resource extraction capabilities.
- Total assets rose to $345,588,000, compared to $288,568,000 at the end of 2023, indicating a solid improvement in the company's financial position.
- 本季度的净利润达到了$22076000，与2023年同期的$10720000相比显著上升，反映出强劲的财务表现。
- 本季度的油气生产同比增长134.37%，显示出运营能力的显著增长。
- 天然气的生产量几乎翻倍，增长率达到了98.41%，突显出资源开采能力的提高。
- 总资产上升至$345588000，相比2023年末的$288568000，表明公司财务状况有了稳固的改善。
Potential Negatives
潜在负面影响
- Despite significant increases in revenue and production, the company may face future challenges due to inherent risks in oil and gas operations, as noted in their forward-looking statements.
- The forward-looking statements indicate uncertainty in future performance, including risks like drilling cost overruns and oil price volatility which could negatively impact financial stability.
- The increase in net income may be overshadowed by a decrease in shares used for calculating basic EPS, suggesting a potential dilution of earnings for shareholders.
- 尽管营业收入和产量显著增加，但由于石油和天然气业务内在风险，公司可能面临未来挑战，正如他们的前瞻性声明所提到的。
- 前瞻性声明表明未来表现存在不确定性，包括像钻探成本超支和油价波动等风险，这些可能会对财务稳定产生负面影响。
- 净利润的增加可能会被用于计算基本每股收益的股份减少所掩盖，这暗示着股东的收益可能被稀释。
FAQ
FAQ
What are PrimeEnergy Resources Corporation's latest quarterly earnings?
PrimeEnergy Resources Corporation最新季度收益是多少？
PrimeEnergy Resources Corporation reported a net income of $22,076,000 for the quarter ended September 30, 2024.
PrimeEnergy Resources Corporation报告截至2024年9月30日的季度净利润为22,076,000美元。
How much did the company's oil production increase?
公司的石油产量增加了多少？
Oil production increased by 134.37%, with 757,000 barrels produced in Q3 2024 compared to 323,000 barrels in Q3 2023.
石油生产增长了134.37%，2024年第三季度生产了757,000桶，而2023年第三季度为323,000桶。
What is the revenue comparison for PrimeEnergy Resources?
primeenergy resources的营业收入比较如何？
The company reported revenues of $69,455,000 for Q3 2024, up from $37,575,000 in Q3 2023.
该公司报告了2024年第三季度的营业收入为69,455,000美元，较2023年第三季度的37,575,000美元有所增长。
What are the earnings per share for the company?
公司的每股收益是多少？
The earnings per diluted share for the nine months ending September 30, 2024, is $20.93.
截至2024年9月30日的九个月，每摊薄股收益为20.93美元。
Where can I find more information about PrimeEnergy Resources Corporation?
我在哪里可以找到更多关于primeenergy resources corporation的信息？
Additional information is available by contacting Connie Ng at (713) 735-0000 ext 6416 or visiting their website.
如需更多信息，请联系Connie Ng，电话(713) 735-0000 分机6416，或访问他们的网站。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明：这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$PNRG Insider Trading Activity
$PNRG内部交易活动
$PNRG insiders have traded $PNRG stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.
$PNRG内部人士在过去6个月内在公开市场上交易了$PNRG股票17次。在这些交易中，0次是购买，17次是销售。
Here's a breakdown of recent trading of $PNRG stock by insiders over the last 6 months:
以下是过去6个月内部人士对$PNRG股票最近交易的详细信息：
- ROTHSCHILD ROBERT DE has traded it 12 times. They made 0 purchases and 12 sales, selling 29,000 shares.
- CLINT HURT has traded it 5 times. They made 0 purchases and 5 sales, selling 5,000 shares.
- ROTHSCHILD ROBERt DE进行了12次交易。未进行购买，进行了12次销售，出售了29,000股。
- CLINt HURt进行了5次交易。未进行购买，进行了5次销售，出售了5,000股。
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
要跟踪内部交易，请查看Quiver Quantitative的内部交易特斯拉-仪表。
$PNRG Hedge Fund Activity
$PNRG对冲基金活动
We have seen 35 institutional investors add shares of $PNRG stock to their portfolio, and 18 decrease their positions in their most recent quarter.
我们看到35家机构投资者在最近一个季度向他们的投资组合中添加了$PNRG股票，18家减少了他们的持仓。
Here are some of the largest recent moves:
以下是一些最近最大的交易动态：
- EAM INVESTORS, LLC added 5,948 shares (+inf%) to their portfolio in Q3 2024
- IFG ADVISORY, LLC removed 5,002 shares (-100.0%) from their portfolio in Q3 2024
- ADVANTAGE ALPHA CAPITAL PARTNERS LP removed 3,857 shares (-100.0%) from their portfolio in Q3 2024
- DIMENSIONAL FUND ADVISORS LP added 3,488 shares (+11.8%) to their portfolio in Q3 2024
- BANK OF AMERICA CORP /DE/ removed 2,988 shares (-55.7%) from their portfolio in Q2 2024
- CANNELL CAPITAL LLC removed 2,718 shares (-31.7%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC added 2,390 shares (+inf%) to their portfolio in Q3 2024
- EAm INVESTORS, LLC 在2024年第三季度新增了5,948股（+inf%）到他们的投资组合中。
- IFG ADVISORY, LLC 在2024年第三季度从他们的投资组合中剔除了5,002股（-100.0%）。
- ADVANTAGE ALPHA CAPITAL PARTNERS LP 在2024年第三季度从他们的投资组合中剔除了3,857股（-100.0%）。
- DIMENSIONAL FUND ADVISORS LP 在2024年第三季度新增了3,488股（+11.8%）到他们的投资组合中。
- 美国银行（BANk OF AMERICA CORP /DE/）在2024年第二季度从他们的投资组合中剔除了2,988股（-55.7%）。
- CANNELL CAPITAL LLC 在2024年第三季度从他们的投资组合中剔除了2,718股（-31.7%）。
- 高盛集团（GOLDMAN SACHS GROUP INC）在2024年第三季度新增了2,390股（+inf%）到他们的投资组合中。
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要追踪对冲基金的股票组合，请查看Quiver Quantitative的机构持股仪表板。
Full Release
全面发布
HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today net income of $22,076,000 for the quarter, and $53,127,000 for the nine months, ended September 30, 2024. This represents $8.80 and $20.93 per share, on a fully diluted basis, for the three and nine months ended September 30, 2024. As of November 14, 2024, the total outstanding shares including outstanding options are 2,485,000.
休斯顿，2024年11月14日（环球新闻）——primeenergy resources公司（纳斯达克：PNRG）今天宣布截至2024年9月30日的季度净利润为22,076,000美元，九个月的净利润为53,127,000美元。这代表着截至2024年9月30日的三个和九个月的每股收益分别为8.80美元和20.93美元，完全摊薄后计算。截至2024年11月14日，包括未行使期权在内的总流通股数为2,485,000股。
Oil and gas production volumes for the three months ended September 30, 2024 and 2023:
截至2024年和2023年9月30日的三个月油气生产量：
|
2024 |
2023 |
Increase |
Increase |
||||||||||||
|
Oil production (barrels) |
757,000 |
323,000 |
434,000 |
134.37 % |
|||||||||||
|
Natural gas production (Mcf) |
2,144,000 |
1,081,000 |
1,063,000 |
98.41 % |
|||||||||||
|
Natural gas liquids production (barrels) |
394,000 |
161,000 |
233,000 |
144.72 % |
|||||||||||
|
2024 |
2023 |
增加 |
增加 |
||||||||||||
|
石油生产（桶） |
757,000 |
323,000 |
434,000 |
134.37 % |
|||||||||||
|
天然气生产（Mcf） |
2,144,000 |
1,081,000 |
1,063,000 |
98.41 % |
|||||||||||
|
天然气液体生产（桶） |
394,000 |
161,000 |
233,000 |
144.72 % |
|||||||||||
Oil and gas production volumes for the nine months ended September 30, 2024 and 2023:
截至2024年9月30日和2023年9月30日的九个月内，石油和天然气的生产量：
|
2024 |
2023 |
Increase |
Increase |
||||||||||||
|
Oil production (barrels) |
1,883,000 |
814,000 |
1,069,000 |
131.33 % |
|||||||||||
|
Natural gas production (Mcf) |
5,030,000 |
2,766,000 |
2,264,000 |
81.85 % |
|||||||||||
|
Natural gas liquids production (barrels) |
874,000 |
412,000 |
462,000 |
112.14 % |
|||||||||||
|
2024 |
2023 |
增加 |
增加 |
||||||||||||
|
石油生产（桶） |
1,883,000 |
814,000 |
1,069,000 |
131.33 % |
|||||||||||
|
天然气生产（Mcf） |
5,030,000 |
2,766,000 |
2,264,000 |
81.85 % |
|||||||||||
|
天然气液体生产（桶） |
874,000 |
412,000 |
462,000 |
112.14 % |
|||||||||||
|
Three Months Ended September 30 |
Nine Months Ended September 30 |
||||||||||||||
|
2024 |
2023 |
|
2024 |
2023 |
|||||||||||
|
Revenues |
$ |
69,455,000 |
$ |
37,575,000 |
$ |
177,270,000 |
$ |
96,109,000 |
|||||||
|
Net Income |
$ |
22,076,000 |
$ |
10,720,000 |
$ |
53,127,000 |
$ |
22,220,000 |
|||||||
|
Earnings per Common Share: |
|
||||||||||||||
|
Basic |
$ |
12.63 |
$ |
5.84 |
$ |
29.88 |
$ |
11.95 |
|||||||
|
Diluted |
$ |
8.80 |
$ |
4.13 |
$ |
20.93 |
$ |
8.49 |
|||||||
|
Shares Used in Calculation of: |
|
|
|
|
|||||||||||
|
Basic EPS |
1,747,727 |
1,834,709 |
1,778,224 |
1,859,084 |
|||||||||||
|
Basic |
2,508,631 |
2,593,924 |
2,538,268 |
2,617,758 |
|||||||||||
|
截至2019年9月30日三个月的收入 |
截至九月三十日的九個月 |
||||||||||||||
|
2024 |
2023 |
|
2024 |
2023 |
|||||||||||
|
收入 |
$ |
69,455,000 |
$ |
37,575,000 |
$ |
177,270,000 |
$ |
96,109,000 |
|||||||
|
净收入 |
$ |
22,076,000 |
$ |
10,720,000 |
$ |
53,127,000 |
$ |
22,220,000 |
|||||||
|
普通股每股收益： |
|
||||||||||||||
|
基本 |
$ |
12.63 |
$ |
5.84 |
$ |
29.88 |
$ |
11.95 |
|||||||
|
摊薄 |
$ |
8.80 |
$ |
4.13 |
$ |
20.93 |
$ |
8.49 |
|||||||
|
计算时使用的股份： |
|
|
|
|
|||||||||||
|
基本每股收益 |
1,747,727 |
1,834,709 |
1,778,224 |
1,859,084 |
|||||||||||
|
基本 |
2,508,631 |
2,593,924 |
2,538,268 |
2,617,758 |
|||||||||||
Total assets at September 30, 2024, were $345,588,000 compared to $288,568,000 at December 31, 2023.
截至2024年9月30日，总资产为$345,588,000，而2023年12月31日为$288,568,000。
PrimeEnergy Resources Corporation is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas. The Company's common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416.
PrimeEnergy Resources公司是一家独立的石油和天然气公司，积极从事石油和天然气的收购、开发和生产，并提供油田服务，主要在德克萨斯州。公司的普通股在纳斯达克证券市场上以标的PNRG交易。如果您对本发布有任何问题，请联系Connie Ng，电话(713) 735-0000分机6416。
Forward-Looking Statements
This 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.
前瞻性声明
本报告包含基于管理层当前预期、估计和预测的前瞻性声明。 "期待"、"预期"、"打算"、"计划"、"相信"、"预测"和"估计"等词及这些词的变体和类似表达均旨在识别这些前瞻性声明。这些声明构成《1933年证券法》第27A条所定义的"前瞻性声明"，并受到由此产生的安全港的保护。这些声明并不保证未来的业绩，并涉及风险和不确定性，并基于可能最终证明不准确的若干假设，因此不能保证它们将被证明是准确的。实际结果和结果可能因各种风险和不确定性而与这些声明中表达或预测的内容有实质性差异。这些风险和不确定性包括（但不限于）钻探成本超支和技术困难的可能性、石油和天然气价格的波动、竞争、公司石油和天然气业务固有的风险、对地震以及其他地质和地球物理数据的解释的不精确性、储量估计的不准确性，以及公司替代和扩展石油和天然气储量的能力。因此，股东和潜在投资者被告诫，某些事件或情况可能导致实际结果与预测的结果显著不同。
