• PrimeEnergy Resources posted net income of $4.3 million for the quarter ended March 31, 2026, down from $9.1 million a year earlier, with earnings per share falling to $2.67 from $5.40.
• Oil, gas and NGLs sales dropped 16.3% to $39.5 million, as oil revenue rose 8.28% to $35.37 million while gas revenue swung to a loss of $1.02 million from revenue of $6.03 million.
• Depreciation, depletion and amortization declined 17.92% to $16.7 million, while production expense edged up 2.05% to $9.7 million.
• PrimeEnergy ended the period with open oil derivative contracts covering 518,000 barrels at a weighted average price of $74.92 per barrel, and said Permian natural gas prices were pressured by pipeline takeaway constraints.
• The company’s $300 million credit facility had a $115 million borrowing base, with no outstanding borrowings as of May 14, 2026, while its 2026 plan calls for about $52 million of investment in 28 horizontal wells.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PrimeEnergy Resources Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-017864), on May 20, 2026, and is solely responsible for the information contained therein.