PrimeEnergy Resources Corp. reported third‑quarter 2025 results that highlighted robust cash generation and a debt‑free balance sheet, while production trends reflected a shift from oil to natural gas. Net income for the quarter rose to $10.6 million, and total revenue from oil, gas and natural gas liquids reached $45.97 million. Operating cash flow for the first nine months of the year climbed to $84.5 million, underscoring the company’s ability to fund growth and return capital to shareholders.
Production in the Permian Basin remained a key driver, with 505 million barrels of oil and 2.3 billion cubic feet of natural gas produced. Oil volumes fell relative to the prior year, a decline attributed to the natural decline of mature assets. In contrast, gas revenue increased significantly, driven by higher pricing and a modest volume uptick, reflecting the company’s strategic emphasis on gas‑heavy assets in the region.
PrimeEnergy’s balance sheet remained exceptionally strong, with zero outstanding bank debt and full availability under its $115 million revolving credit facility. The company’s share‑repurchase program continued to accelerate, retiring 73,470 shares year‑to‑date and returning $113.5 million to shareholders since the program’s inception. These actions reinforce management’s commitment to disciplined investment and shareholder value creation.
When compared to the nine‑month period ending September 30 2025, net income fell from $53.13 million to $22.93 million, a year‑over‑year decline of roughly 57%. The drop is largely attributable to lower oil prices and volumes, while the shift toward gas helped mitigate the impact on overall revenue. The company’s operating margin remained stable, indicating effective cost control amid the commodity price swing.
CEO Charles E. Drimal, Jr. emphasized that PrimeEnergy is balancing disciplined investment with capital returns. “We continue to balance disciplined investment with opportunities to return capital to shareholders. Our strong balance sheet and high insider ownership reflect long‑term strategic alignment,” he said. The statement signals confidence in the company’s financial footing and its ability to navigate market volatility.
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