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年第三季度及前九個月報告了淨利潤和生產的顯著增長。
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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年第三季度報告了淨利潤爲$2210萬，截止9月30日的九個月淨利潤爲$5310萬，分別每股收益爲$8.80和$20.93。與2023年同期相比，該公司在生產量上有顯著增加，油氣生產同比增長134.37%，天然氣生產同比增長98.41%。第三季度的總營業收入爲$6950萬，比去年$3760萬大幅上升，反映出該公司在油氣板塊的強勁表現。截至2024年9月30日，總資產報告爲$34560萬，較上年末的$28860萬有所增加。primeenergy是一家總部位於德克薩斯的獨立油氣公司，繼續從事油氣的收購和生產，其股份在納斯達克以標的PNRG交易。
Potential Positives
潛在的積極因素
- 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.
- 本季度的淨利潤達到了$22076000，與2023年同期的$10720000相比顯著上升，反映出強勁的財務表現。
- 本季度的油氣生產同比增長134.37%，顯示出運營能力的顯著增長。
- 天然氣的生產量幾乎翻倍，增長率達到了98.41%，突顯出資源開採能力的提高。
- 總資產上升至$345588000，相比2023年末的$288568000，表明公司財務狀況有了穩固的改善。
Potential Negatives
潛在負面影響
- 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.
- 儘管營業收入和產量顯著增加，但由於石油和天然氣業務內在風險，公司可能面臨未來挑戰，正如他們的前瞻性聲明所提到的。
- 前瞻性聲明表明未來表現存在不確定性，包括像鑽探成本超支和油價波動等風險，這些可能會對財務穩定產生負面影響。
- 淨利潤的增加可能會被用於計算基本每股收益的股份減少所掩蓋，這暗示着股東的收益可能被稀釋。
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報告截至2024年9月30日的季度淨利潤爲22,076,000美元。
How much did the company's oil production increase?
公司的石油產量增加了多少？
Oil production increased by 134.37%, with 757,000 barrels produced in Q3 2024 compared to 323,000 barrels in Q3 2023.
石油生產增長了134.37%，2024年第三季度生產了757,000桶，而2023年第三季度爲323,000桶。
What is the revenue comparison for PrimeEnergy Resources?
primeenergy resources的營業收入比較如何？
The company reported revenues of $69,455,000 for Q3 2024, up from $37,575,000 in Q3 2023.
該公司報告了2024年第三季度的營業收入爲69,455,000美元，較2023年第三季度的37,575,000美元有所增長。
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日的九個月，每攤薄股收益爲20.93美元。
Where can I find more information about PrimeEnergy Resources Corporation?
我在哪裏可以找到更多關於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，請聯繫Connie Ng，電話(713) 735-0000 分機6416，或訪問他們的網站。
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.
免責聲明：這是由GlobeNewswire分發的新聞稿的人工智能生成摘要。用於總結這份稿件的模型可能會出錯。請在這裏查看完整發布。
$PNRG Insider Trading Activity
$PNRG內部交易活動
$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.
$PNRG內部人士在過去6個月內在公開市場上交易了$PNRG股票17次。在這些交易中，0次是購買，17次是銷售。
Here's a breakdown of recent trading of $PNRG stock by insiders over the last 6 months:
以下是過去6個月內部人士對$PNRG股票最近交易的詳細信息：
- 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進行了12次交易。未進行購買，進行了12次銷售，出售了29,000股。
- CLINt HURt進行了5次交易。未進行購買，進行了5次銷售，出售了5,000股。
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
要跟蹤內部交易，請查看Quiver Quantitative的內部交易特斯拉-儀表。
$PNRG Hedge Fund Activity
$PNRG對沖基金活動
We have seen 35 institutional investors add shares of $PNRG stock to their portfolio, and 18 decrease their positions in their most recent quarter.
我們看到35家機構投資者在最近一個季度向他們的投資組合中添加了$PNRG股票，18家減少了他們的持倉。
Here are some of the largest recent moves:
以下是一些最近最大的交易動態：
- 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%）到他們的投資組合中。
- IFG ADVISORY, LLC 在2024年第三季度從他們的投資組合中剔除了5,002股（-100.0%）。
- ADVANTAGE ALPHA CAPITAL PARTNERS LP 在2024年第三季度從他們的投資組合中剔除了3,857股（-100.0%）。
- DIMENSIONAL FUND ADVISORS LP 在2024年第三季度新增了3,488股（+11.8%）到他們的投資組合中。
- 美國銀行（BANk OF AMERICA CORP /DE/）在2024年第二季度從他們的投資組合中剔除了2,988股（-55.7%）。
- CANNELL CAPITAL LLC 在2024年第三季度從他們的投資組合中剔除了2,718股（-31.7%）。
- 高盛集團（GOLDMAN SACHS GROUP INC）在2024年第三季度新增了2,390股（+inf%）到他們的投資組合中。
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要追蹤對沖基金的股票組合，請查看Quiver Quantitative的機構持股儀表板。
Full Release
全面發佈
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.
休斯頓，2024年11月14日（環球新聞）——primeenergy resources公司（納斯達克：PNRG）今天宣佈截至2024年9月30日的季度淨利潤爲22,076,000美元，九個月的淨利潤爲53,127,000美元。這代表着截至2024年9月30日的三個和九個月的每股收益分別爲8.80美元和20.93美元，完全攤薄後計算。截至2024年11月14日，包括未行使期權在內的總流通股數爲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日的三個月油氣生產量：
|
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 |
||||||||||||
|
石油生產（桶） |
757,000 |
323,000 |
434,000 |
134.37 % |
|||||||||||
|
天然氣生產（Mcf） |
2,144,000 |
1,081,000 |
1,063,000 |
98.41 % |
|||||||||||
|
天然氣液體生產（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日的九個月內，石油和天然氣的生產量：
|
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 |
||||||||||||
|
石油生產（桶） |
1,883,000 |
814,000 |
1,069,000 |
131.33 % |
|||||||||||
|
天然氣生產（Mcf） |
5,030,000 |
2,766,000 |
2,264,000 |
81.85 % |
|||||||||||
|
天然氣液體生產（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日三個月的收入 |
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 |
|||||||
|
淨收入 |
$ |
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 |
|||||||
|
攤薄 |
$ |
8.80 |
$ |
4.13 |
$ |
20.93 |
$ |
8.49 |
|||||||
|
計算時使用的股份： |
|
|
|
|
|||||||||||
|
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，總資產爲$345,588,000，而2023年12月31日爲$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公司是一家獨立的石油和天然氣公司，積極從事石油和天然氣的收購、開發和生產，並提供油田服務，主要在德克薩斯州。公司的普通股在納斯達克證券市場上以標的PNRG交易。如果您對本發佈有任何問題，請聯繫Connie Ng，電話(713) 735-0000分機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.
前瞻性聲明
本報告包含基於管理層當前預期、估計和預測的前瞻性聲明。 "期待"、"預期"、"打算"、"計劃"、"相信"、"預測"和"估計"等詞及這些詞的變體和類似表達均旨在識別這些前瞻性聲明。這些聲明構成《1933年證券法》第27A條所定義的"前瞻性聲明"，並受到由此產生的安全港的保護。這些聲明並不保證未來的業績，並涉及風險和不確定性，並基於可能最終證明不準確的若干假設，因此不能保證它們將被證明是準確的。實際結果和結果可能因各種風險和不確定性而與這些聲明中表達或預測的內容有實質性差異。這些風險和不確定性包括（但不限於）鑽探成本超支和技術困難的可能性、石油和天然氣價格的波動、競爭、公司石油和天然氣業務固有的風險、對地震以及其他地質和地球物理數據的解釋的不精確性、儲量估計的不準確性，以及公司替代和擴展石油和天然氣儲量的能力。因此，股東和潛在投資者被告誡，某些事件或情況可能導致實際結果與預測的結果顯著不同。
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