PrimeEnergy Resources Corp. reported a 123% increase in oil production and significant growth in natural gas and liquid production in Q1 2024, alongside a 703% rise in net income.
PrimeEnergy Resources Corporation (PNRG) reported strong Q1 2024 results, with oil production increasing 123% to 431,000 barrels, natural gas production rising 44% to 1,157,000 Mcf, and natural gas liquids production up 94% to 206,000 barrels. The company's total assets grew to $332.9m from $288.6m in Q4 2023. Net income rose 703% to $11.3m, and EPS increased 736% to $6.27 for basic shares and 732% to $4.41 for diluted shares.
May 17, 2024
6 Articles