PrimeEnergy Resources Corporation (PNRG) Announces third Quarter Results

Financial Performance - PrimeEnergy Resources Corporation reported a net income of $22,076,000 for the quarter and$53,127,000 for the nine months ended September 30, 2024, translating to earnings of $8.80 and$20.93 per share on a fully diluted basis [1] - Revenues for the three months ended September 30, 2024, were $69,455,000, compared to$37,575,000 in the same period of 2023, marking a significant increase [4] - Total assets as of September 30, 2024, were $345,588,000, up from$288,568,000 at the end of 2023 [4] Production Volumes - Oil production for the three months ended September 30, 2024, was 757,000 barrels, a 134.37% increase from 323,000 barrels in 2023 [2] - Natural gas production for the same period was 2,144,000 Mcf, representing a 98.41% increase from 1,081,000 Mcf in 2023 [2] - For the nine months ended September 30, 2024, oil production totaled 1,883,000 barrels, up 131.33% from 814,000 barrels in 2023 [3] Company Overview - PrimeEnergy Resources Corporation is an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas, primarily in Texas [5]