PrimeEnergy Resources Corporation Reports Second Quarter and First Half 2026 Results
PrimeEnergy reported Q2 2026 net income of $6.5 million, or $4.06 per basic share, doubling the prior year's $3.2 million results, supported by realized oil prices surging to $98.85 per barrel. Despite the strong oil pricing, the company faced significant headwinds from negative Permian Basin natural gas prices, which averaged -$3.53 per Mcf and resulted in $9.2 million of negative gas revenue.
Key figures
- Eps
- 4.06
- Gas revenue
- -$9.2 million
- Oil revenue
- $40.6 million
- Avg gas price
- -$3.53
- Avg oil price
- $98.85
- Cash position
- 28700000
- Borrowing base
- $105 million
- Buyback amount q2
- $5.5 million
- Net income h1 2026
- 10900000
- Net income q2 2025
- 3200000
- Net income q2 2026
- 6500000
- Shares repurchased q2
- 31290
- Buyback authorization additional
- 300000
AI analysis
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