PrimeEnergy Q2 FY26 net income more than doubled to $6.5 million; revenue turns negative to -$9.2 million
Reuters2026/08/14 18:28Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- PrimeEnergy posts Q2 net income of USD 6.5 million, more than doubled from a year earlier; EPS rises to USD 4.06.
- Six-month net income slips 12.1% to USD 10.9 million; EPS falls to USD 6.72.
- Realized oil price climbs to USD 98.85 a barrel; realized natural gas price drops to negative USD 3.53 per Mcf, driving USD 9.2 million negative gas revenue.
- Cash totals USD 28.7 million at June 30 with no bank debt; revolving credit facility borrowing base set at USD 105 million.
- Repurchased 31,290 shares for USD 5.5 million; drilling started on 24 horizontal wells, with first production expected in Q4 2026.
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 GlobeNewswire (Ref. ID: 202608141428PRIMZONEFULLFEED9810571) on August 14, 2026, and is solely responsible for the information contained therein.
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