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PrimeEnergy (PNRG) Financials

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$157.71 -10.86 (-6.44%)
Closing price 08/1/2025 04:00 PM Eastern
Extended Trading
$157.93 +0.22 (+0.14%)
As of 08/1/2025 04:04 PM Eastern
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Annual Income Statements for PrimeEnergy

Annual Income Statements for PrimeEnergy

This table shows PrimeEnergy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
2.10 49 28 55
Consolidated Net Income / (Loss)
2.13 49 28 55
Net Income / (Loss) Continuing Operations
2.13 49 28 55
Total Pre-Tax Income
4.64 59 34 71
Total Operating Income
4.96 60 35 73
Total Gross Profit
63 114 112 225
Total Revenue
72 125 124 234
Operating Revenue
78 137 124 234
Other Revenue
-5.05 -12 0.41 0.00
Total Cost of Revenue
9.15 11 12 9.11
Operating Cost of Revenue
9.15 11 12 9.11
Total Operating Expenses
58 54 77 152
Selling, General & Admin Expense
9.08 20 16 19
Marketing Expense
- 7.11 7.11 12
Exploration Expense
- 31 32 48
Depreciation Expense
26 27 31 76
Other Operating Expenses / (Income)
24 0.67 0.68 0.73
Other Special Charges / (Income)
-1.48 -32 -8.85 -3.72
Total Other Income / (Expense), net
-0.31 -0.91 -0.54 -1.55
Interest & Investment Income
-2.01 -0.91 -0.54 -1.55
Income Tax Expense
2.52 10 6.12 16
Basic Earnings per Share
$1.05 $24.91 $15.19 $31.43
Weighted Average Basic Shares Outstanding
- 1.95M 1.85M 1.76M
Diluted Earnings per Share
$0.76 $17.95 $10.77 $21.95
Weighted Average Diluted Shares Outstanding
- 2.71M 2.61M 2.52M
Weighted Average Basic & Diluted Shares Outstanding
- 1.95M 1.85M 1.76M

Quarterly Income Statements for PrimeEnergy

This table shows PrimeEnergy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
13 13 2.82 10 11 4.47 23 20 22 -9.04
Consolidated Net Income / (Loss)
13 13 2.82 10 11 4.47 23 20 22 -9.04
Net Income / (Loss) Continuing Operations
13 13 1.41 10 11 5.88 11 20 22 2.28
Total Pre-Tax Income
18 12 1.79 13 13 6.21 14 25 28 4.09
Total Operating Income
18 13 1.79 13 13 6.73 14 25 28 5.43
Total Gross Profit
30 29 20 26 32 34 40 62 64 59
Total Revenue
39 25 23 36 38 30 43 65 69 57
Operating Revenue
44 23 23 30 35 36 43 65 67 60
Total Cost of Revenue
9.15 -4.11 3.17 3.37 3.17 2.04 2.80 2.47 3.10 0.74
Operating Cost of Revenue
9.15 -4.11 3.17 3.37 3.17 2.04 2.80 2.47 3.10 0.74
Total Operating Expenses
12 16 18 13 19 27 26 37 36 53
Marketing Expense
2.20 - 8.57 3.71 4.16 -15 12 7.56 6.59 -14
Depreciation Expense
7.57 5.97 6.42 7.51 8.92 8.12 10 17 18 31
Other Operating Expenses / (Income)
0.16 -10 2.87 0.30 0.32 -2.67 3.34 0.41 0.59 -3.60
Total Other Income / (Expense), net
-0.25 -0.17 0.00 0.00 0.00 -0.52 0.00 0.00 0.00 -1.55
Income Tax Expense
4.88 -0.91 0.38 3.02 2.39 0.33 3.02 4.94 5.99 1.81
Basic Earnings per Share
$6.79 $6.93 $0.75 $5.35 $5.84 $3.25 $6.27 $11.08 $12.63 $1.45
Weighted Average Basic Shares Outstanding
1.94M 1.95M 1.89M 1.89M 1.83M 1.85M 1.81M 1.78M 1.75M 1.76M
Diluted Earnings per Share
$4.88 $4.98 $0.53 $3.82 $4.13 $2.29 $4.41 $7.77 $8.80 $0.97
Weighted Average Diluted Shares Outstanding
2.69M 2.71M 2.65M 2.64M 2.59M 2.61M 2.57M 2.54M 2.51M 2.52M
Weighted Average Basic & Diluted Shares Outstanding
1.92M 1.95M 1.85M 1.89M 1.83M 1.85M 1.78M 1.78M 1.75M 1.76M

Annual Cash Flow Statements for PrimeEnergy

This table details how cash moves in and out of PrimeEnergy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
9.35 16 -15 -8.51
Net Cash From Operating Activities
29 33 109 116
Net Cash From Continuing Operating Activities
29 33 109 116
Net Income / (Loss) Continuing Operations
2.13 49 28 55
Consolidated Net Income / (Loss)
2.13 49 28 55
Depreciation Expense
26 27 31 76
Non-Cash Adjustments To Reconcile Net Income
1.49 -31 -8.73 -3.29
Changes in Operating Assets and Liabilities, net
-1.32 -12 59 -13
Net Cash From Investing Activities
-19 15 -106 -115
Net Cash From Continuing Investing Activities
-19 15 -106 -115
Acquisitions
-21 -16 -114 -119
Sale of Property, Plant & Equipment
1.48 31 8.08 4.25
Net Cash From Financing Activities
-0.02 -32 -19 -9.43
Net Cash From Continuing Financing Activities
-0.02 -32 -19 -9.43
Repayment of Debt
-10 -36 -11 -107
Repurchase of Common Equity
-0.82 -7.40 -7.51 -13
Issuance of Debt
11 11 0.00 111
Cash Interest Paid
1.96 0.84 0.57 1.03
Cash Income Taxes Paid
0.34 0.54 9.01 0.11

Quarterly Cash Flow Statements for PrimeEnergy

This table details how cash moves in and out of PrimeEnergy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents
13 2.48 -13 -8.67 15 -8.73 -9.31 0.27 -0.43 0.97
Net Cash From Operating Activities
20 -14 31 4.80 35 38 43 9.21 40 24
Net Cash From Continuing Operating Activities
20 -14 31 4.58 36 38 43 9.21 40 23
Net Income / (Loss) Continuing Operations
13 13 1.41 10 11 5.88 11 20 22 2.28
Consolidated Net Income / (Loss)
13 13 1.41 10 11 5.88 11 20 22 2.28
Depreciation Expense
7.53 6.02 6.42 7.51 8.92 8.12 10 17 18 31
Non-Cash Adjustments To Reconcile Net Income
-6.31 -15 4.65 -1.39 -11 -0.49 28 -17 -40 26
Changes in Operating Assets and Liabilities, net
5.50 -19 18 -12 26 25 -6.82 -10 40 -36
Net Cash From Investing Activities
-5.07 8.11 -30 -11 -19 -46 -54 -2.09 -38 -21
Net Cash From Continuing Investing Activities
-5.07 8.11 -30 -11 -19 -46 -54 -2.09 -38 -21
Acquisitions
-5.56 -8.00 -30 -17 -20 -47 -54 -2.29 -42 -21
Sale of Property, Plant & Equipment
0.49 16 0.44 6.02 0.98 0.65 0.43 0.21 3.52 0.09
Net Cash From Financing Activities
-1.81 8.59 -14 -2.62 -1.48 -0.96 1.15 -6.86 -1.53 -2.19
Net Cash From Continuing Financing Activities
-1.81 8.59 -14 -2.62 -1.48 -0.96 1.15 -6.86 -1.53 -2.19
Repayment of Debt
- - -11 -4.00 3.73 -0.02 -10 -21 -24 -52
Repurchase of Common Equity
-1.81 -2.41 -2.75 -2.62 -1.21 -0.93 -2.85 -2.86 -4.53 -3.19
Issuance of Debt
- - 0.00 4.00 -4.00 - 14 17 27 53
Cash Interest Paid
0.23 0.13 0.17 0.17 0.11 0.12 0.17 0.22 0.39 0.25
Cash Income Taxes Paid
-0.01 0.48 0.00 9.00 0.29 -0.28 0.00 0.10 - 0.01

Annual Balance Sheets for PrimeEnergy

This table presents PrimeEnergy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
211 247 289 325
Total Current Assets
25 72 32 28
Cash & Equivalents
10 27 11 2.55
Accounts Receivable
14 13 20 24
Prepaid Expenses
0.73 33 0.38 1.37
Other Current Assets
0.04 0.25 0.04 0.01
Plant, Property, & Equipment, net
185 174 256 296
Plant, Property & Equipment, gross
567 583 687 788
Accumulated Depreciation
382 409 431 492
Total Noncurrent Assets
0.92 0.99 0.67 0.52
Other Noncurrent Operating Assets
0.92 0.99 0.67 0.52
Total Liabilities & Shareholders' Equity
211 247 289 325
Total Liabilities
112 107 128 122
Total Current Liabilities
22 41 65 50
Accounts Payable
7.33 11 15 16
Accrued Expenses
7.82 26 49 33
Other Current Liabilities
6.57 3.76 0.77 0.23
Total Noncurrent Liabilities
90 66 63 72
Long-Term Debt
37 12 0.87 4.84
Asset Retirement Reserve & Litigation Obligation
13 14 15 14
Noncurrent Deferred & Payable Income Tax Liabilities
39 40 47 53
Commitments & Contingencies
0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
99 140 161 203
Total Preferred & Common Equity
99 140 161 203
Total Common Equity
99 140 161 203
Common Stock
7.84 7.84 7.84 7.84
Retained Earnings
129 178 206 261
Treasury Stock
-38 -45 -53 -66

Quarterly Balance Sheets for PrimeEnergy

This table presents PrimeEnergy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets
213 239 244 254 333 335 346
Total Current Assets
42 41 37 38 32 49 37
Cash & Equivalents
24 14 5.05 20 1.75 2.02 1.58
Accounts Receivable
17 12 27 17 30 45 34
Prepaid Expenses
0.78 16 5.27 0.41 0.79 1.40 1.13
Other Current Assets
0.35 0.04 0.04 0.04 0.04 0.01 0.01
Plant, Property, & Equipment, net
170 197 206 215 300 285 308
Plant, Property & Equipment, gross
573 612 628 638 741 741 769
Accumulated Depreciation
403 415 422 423 441 456 461
Total Noncurrent Assets
0.74 0.95 0.77 0.86 1.08 0.89 0.70
Other Noncurrent Operating Assets
0.74 0.95 0.77 0.86 1.08 0.89 0.70
Total Liabilities & Shareholders' Equity
213 239 244 254 333 335 346
Total Liabilities
84 100 97 98 163 148 142
Total Current Liabilities
22 44 40 42 88 81 68
Accounts Payable
6.28 16 17 12 12 20 42
Accrued Expenses
11 26 21 28 76 60 25
Other Current Liabilities
5.41 2.17 1.62 1.33 1.18 0.96 0.66
Total Noncurrent Liabilities
61 56 58 56 75 68 74
Long-Term Debt
1.32 1.99 1.25 1.04 4.83 0.83 3.83
Asset Retirement Reserve & Litigation Obligation
12 14 14 12 15 15 15
Noncurrent Deferred & Payable Income Tax Liabilities
48 40 43 43 56 52 55
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
129 139 146 156 169 186 204
Total Preferred & Common Equity
129 139 146 156 169 186 204
Total Common Equity
129 139 146 156 169 186 204
Common Stock
7.84 7.84 7.84 7.84 7.84 7.84 7.84
Retained Earnings
164 179 189 200 217 237 259
Treasury Stock
-43 -48 -50 -52 -55 -58 -63

Annual Metrics And Ratios for PrimeEnergy

This table displays calculated financial ratios and metrics derived from PrimeEnergy's official financial filings.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - -
Revenue Growth
24.03% 72.96% -1.09% 88.84%
EBITDA Growth
15.01% 179.09% -24.71% 127.00%
EBIT Growth
606.75% 1,108.68% -41.98% 109.22%
NOPAT Growth
430.88% 2,077.00% -42.24% 98.33%
Net Income Growth
189.97% 2,188.99% -42.25% 97.15%
EPS Growth
165.52% 2,261.84% -40.00% 103.81%
Operating Cash Flow Growth
74.72% 15.76% 229.08% 6.32%
Free Cash Flow Firm Growth
-34.64% 293.16% -92.06% -45.35%
Invested Capital Growth
-7.56% -0.07% 19.51% 36.12%
Revenue Q/Q Growth
87.35% -4.26% 4.62% 14.12%
EBITDA Q/Q Growth
69.12% 2.49% -5.48% 16.58%
EBIT Q/Q Growth
196.31% 4.24% -14.54% -1.78%
NOPAT Q/Q Growth
163.01% 17.31% -20.20% -5.03%
Net Income Q/Q Growth
128.99% 14.71% -24.08% -19.61%
EPS Q/Q Growth
127.14% 10.53% -19.99% -5.67%
Operating Cash Flow Q/Q Growth
65.28% -42.02% 92.93% -11.04%
Free Cash Flow Firm Q/Q Growth
-35.77% -7.20% -23.87% 123.26%
Invested Capital Q/Q Growth
7.10% 18.29% 9.84% -0.43%
Profitability Metrics
- - - -
Gross Margin
87.37% 91.15% 90.53% 96.11%
EBITDA Margin
43.17% 69.66% 53.03% 63.75%
Operating Margin
6.84% 47.80% 28.04% 31.07%
EBIT Margin
6.84% 47.80% 28.04% 31.07%
Profit (Net Income) Margin
2.93% 38.83% 22.67% 23.67%
Tax Burden Percent
45.80% 82.49% 82.12% 77.84%
Interest Burden Percent
93.66% 98.48% 98.46% 97.87%
Effective Tax Rate
54.20% 17.51% 17.88% 22.16%
Return on Invested Capital (ROIC)
1.73% 39.16% 20.62% 31.80%
ROIC Less NNEP Spread (ROIC-NNEP)
1.29% 27.56% 24.22% 62.25%
Return on Net Nonoperating Assets (RNNOA)
0.43% 1.49% -1.96% -1.35%
Return on Equity (ROE)
2.16% 40.65% 18.65% 30.45%
Cash Return on Invested Capital (CROIC)
9.58% 39.23% 2.84% 1.21%
Operating Return on Assets (OROA)
2.41% 26.16% 12.98% 23.72%
Return on Assets (ROA)
1.03% 21.25% 10.49% 18.07%
Return on Common Equity (ROCE)
2.15% 40.65% 18.65% 30.45%
Return on Equity Simple (ROE_SIMPLE)
2.15% 34.67% 17.46% 27.30%
Net Operating Profit after Tax (NOPAT)
2.27 49 29 57
NOPAT Margin
3.13% 39.43% 23.03% 24.18%
Net Nonoperating Expense Percent (NNEP)
0.44% 11.60% -3.60% -30.44%
Return On Investment Capital (ROIC_SIMPLE)
- - - 27.25%
Cost of Revenue to Revenue
12.63% 8.85% 9.47% 3.89%
SG&A Expenses to Revenue
12.54% 16.14% 12.62% 8.07%
R&D to Revenue
0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
80.53% 43.35% 62.49% 65.04%
Earnings before Interest and Taxes (EBIT)
4.96 60 35 73
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
31 87 66 149
Valuation Ratios
- - - -
Price to Book Value (P/BV)
1.41 1.19 1.20 1.86
Price to Tangible Book Value (P/TBV)
1.41 1.19 1.20 1.86
Price to Revenue (P/Rev)
1.93 1.33 1.56 1.61
Price to Earnings (P/E)
66.63 3.43 6.89 6.81
Dividend Yield
0.00% 0.00% 0.00% 0.00%
Earnings Yield
1.50% 29.17% 14.51% 14.69%
Enterprise Value to Invested Capital (EV/IC)
1.32 1.21 1.22 1.85
Enterprise Value to Revenue (EV/Rev)
2.30 1.22 1.48 1.62
Enterprise Value to EBITDA (EV/EBITDA)
5.34 1.75 2.79 2.54
Enterprise Value to EBIT (EV/EBIT)
33.68 2.55 5.28 5.22
Enterprise Value to NOPAT (EV/NOPAT)
73.54 3.09 6.43 6.70
Enterprise Value to Operating Cash Flow (EV/OCF)
5.83 4.61 1.68 3.27
Enterprise Value to Free Cash Flow (EV/FCFF)
13.26 3.08 46.66 176.61
Leverage & Solvency
- - - -
Debt to Equity
0.38 0.09 0.01 0.02
Long-Term Debt to Equity
0.38 0.09 0.01 0.02
Financial Leverage
0.33 0.05 -0.08 -0.02
Leverage Ratio
2.09 1.91 1.78 1.69
Compound Leverage Factor
1.96 1.88 1.75 1.65
Debt to Total Capital
27.45% 8.08% 0.54% 2.33%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
27.45% 8.08% 0.54% 2.33%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
72.55% 91.92% 99.46% 97.67%
Debt to EBITDA
1.20 0.14 0.01 0.03
Net Debt to EBITDA
0.87 -0.16 -0.16 0.02
Long-Term Debt to EBITDA
1.20 0.14 0.01 0.03
Debt to NOPAT
16.52 0.25 0.03 0.09
Net Debt to NOPAT
11.96 -0.29 -0.36 0.04
Long-Term Debt to NOPAT
16.52 0.25 0.03 0.09
Altman Z-Score
2.05 3.40 2.60 4.37
Noncontrolling Interest Sharing Ratio
0.44% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - -
Current Ratio
1.17 1.76 0.49 0.57
Quick Ratio
1.13 0.95 0.48 0.54
Cash Flow Metrics
- - - -
Free Cash Flow to Firm (FCFF)
13 50 3.93 2.15
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00
Efficiency Ratios
- - - -
Asset Turnover
0.35 0.55 0.46 0.76
Accounts Receivable Turnover
6.76 9.37 7.55 10.49
Inventory Turnover
0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.39 0.70 0.58 0.85
Accounts Payable Turnover
1.45 1.18 0.87 0.57
Days Sales Outstanding (DSO)
53.97 38.94 48.34 34.80
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
251.04 309.02 417.63 635.97
Cash Conversion Cycle (CCC)
-197.06 -270.08 -369.29 -601.16
Capital & Investment Metrics
- - - -
Invested Capital
126 126 151 205
Invested Capital Turnover
0.55 0.99 0.90 1.32
Increase / (Decrease) in Invested Capital
-10 -0.09 25 54
Enterprise Value (EV)
167 153 183 379
Market Capitalization
140 167 194 377
Book Value per Share
$49.69 $73.08 $88.41 $118.15
Tangible Book Value per Share
$49.69 $73.08 $88.41 $118.15
Total Capital
137 153 162 208
Total Debt
37 12 0.87 4.84
Total Long-Term Debt
37 12 0.87 4.84
Net Debt
27 -14 -10 2.29
Capital Expenditures (CapEx)
-1.48 -31 -8.08 -4.25
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-6.74 4.67 -44 -24
Debt-free Net Working Capital (DFNWC)
3.61 31 -33 -21
Net Working Capital (NWC)
3.61 31 -33 -21
Net Nonoperating Expense (NNE)
0.14 0.75 0.44 1.20
Net Nonoperating Obligations (NNO)
27 -14 -10 2.29
Total Depreciation and Amortization (D&A)
26 27 31 76
Debt-free, Cash-free Net Working Capital to Revenue
-9.30% 3.72% -35.57% -10.22%
Debt-free Net Working Capital to Revenue
4.98% 24.90% -26.65% -9.14%
Net Working Capital to Revenue
4.98% 24.90% -26.65% -9.14%
Earnings Adjustments
- - - -
Adjusted Basic Earnings per Share
$1.05 $24.91 $15.19 $31.43
Adjusted Weighted Average Basic Shares Outstanding
0.00 1.95M 1.85M 1.76M
Adjusted Diluted Earnings per Share
$0.76 $17.95 $10.77 $21.95
Adjusted Weighted Average Diluted Shares Outstanding
0.00 1.95M 2.61M 2.52M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 1.95M 1.85M 1.76M
Normalized Net Operating Profit after Tax (NOPAT)
2.43 23 21 54
Normalized NOPAT Margin
3.36% 18.50% 17.16% 22.95%
Pre Tax Income Margin
6.41% 47.07% 27.61% 30.41%
Debt Service Ratios
- - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00
Payout Ratios
- - - -
Dividend Payout Ratio
9.27% 0.00% 0.00% 0.00%
Augmented Payout Ratio
47.88% 15.21% 26.71% 24.24%

Quarterly Metrics And Ratios for PrimeEnergy

This table displays calculated financial ratios and metrics derived from PrimeEnergy's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
127.10% -18.49% -12.02% 0.64% -4.42% 22.27% 88.43% 81.49% 84.84% 104.00%
EBITDA Growth
329.25% 12.81% -62.37% -1.95% -14.60% -20.42% 200.51% 104.50% 110.09% 142.71%
EBIT Growth
2,195.87% 23.89% -87.80% -8.63% -28.26% -46.78% 703.53% 89.75% 114.03% -19.50%
NOPAT Growth
2,284.26% 111.36% -87.65% -9.09% -19.60% -53.03% 702.77% 97.18% 105.93% -52.68%
Net Income Growth
1,245.82% 87.39% -74.69% -8.13% -18.50% -66.58% 702.77% 95.56% 105.93% -302.15%
EPS Growth
941.38% 52.29% -86.98% -4.98% -15.37% -54.02% 732.08% 103.40% 113.08% -57.64%
Operating Cash Flow Growth
168.46% -245.20% 227.49% -73.54% 77.65% 369.29% 41.01% 92.05% 12.18% -37.57%
Free Cash Flow Firm Growth
8.67% -18.45% -135.63% -188.48% -180.98% -233.63% -259.56% 4.78% -135.20% -182.28%
Invested Capital Growth
-9.52% -0.07% 9.31% 30.98% 28.70% 19.51% 35.53% 29.73% 50.16% 36.12%
Revenue Q/Q Growth
10.77% -37.46% -7.21% 56.56% 5.20% -14.98% 43.00% 50.79% 7.14% -18.21%
EBITDA Q/Q Growth
22.67% -27.69% -56.01% 151.29% 6.85% -32.69% 66.11% 71.00% 9.77% -22.06%
EBIT Q/Q Growth
27.35% -30.83% -85.88% 634.57% 0.00% -48.77% 113.18% 73.46% 12.80% -80.64%
NOPAT Q/Q Growth
20.13% 1.72% -89.60% 615.60% 6.24% -40.66% 77.67% 75.77% 10.96% -86.30%
Net Income Q/Q Growth
19.77% 1.76% -78.93% 257.80% 6.24% -58.27% 406.10% -12.84% 11.88% -140.96%
EPS Q/Q Growth
21.39% 2.05% -89.36% 620.75% 8.12% -44.55% 92.58% 76.19% 13.26% -88.98%
Operating Cash Flow Q/Q Growth
9.61% -171.57% 315.47% -84.35% 636.02% 8.50% 12.82% -78.68% 329.93% -39.62%
Free Cash Flow Firm Q/Q Growth
-8.16% -44.41% -169.07% -150.94% 15.96% 8.19% -85.85% 33.54% -107.60% -9.98%
Invested Capital Q/Q Growth
-2.11% 18.29% 0.90% 12.10% -3.81% 9.84% 14.42% 7.31% 11.33% -0.43%
Profitability Metrics
- - - - - - - - - -
Gross Margin
76.74% 116.70% 86.12% 73.63% 85.98% 113.34% 93.48% 96.19% 91.54% 103.59%
EBITDA Margin
65.63% 75.88% 35.97% 57.74% 58.65% 49.39% 57.37% 65.06% 66.65% 63.52%
Operating Margin
46.49% 51.42% 7.82% 36.71% 34.90% 22.38% 33.36% 38.38% 40.41% 9.56%
EBIT Margin
46.49% 51.42% 7.82% 36.71% 34.90% 22.38% 33.36% 38.38% 40.41% 9.56%
Profit (Net Income) Margin
33.46% 54.44% 12.36% 28.25% 28.53% 14.88% 52.66% 30.44% 31.78% -15.92%
Tax Burden Percent
72.95% 107.28% 157.98% 76.95% 81.76% 71.99% 157.83% 79.97% 78.66% -221.02%
Interest Burden Percent
98.66% 98.69% 100.00% 100.00% 100.00% 92.35% 100.00% 99.18% 100.00% 75.31%
Effective Tax Rate
27.05% -7.28% 21.01% 23.05% 18.24% 5.31% 21.08% 20.03% 21.34% 44.34%
Return on Invested Capital (ROIC)
39.55% 54.78% 6.20% 27.49% 28.24% 18.97% 25.32% 32.44% 37.98% 7.00%
ROIC Less NNEP Spread (ROIC-NNEP)
22.95% 52.04% -53.89% 27.49% 28.24% 34.53% -236.18% 39.01% 37.98% 312.22%
Return on Net Nonoperating Assets (RNNOA)
0.22% 2.81% 1.02% -1.34% -4.11% -2.80% 6.63% -0.59% -1.74% -6.78%
Return on Equity (ROE)
39.77% 57.59% 7.22% 26.15% 24.13% 16.18% 31.95% 31.86% 36.24% 0.22%
Cash Return on Invested Capital (CROIC)
47.52% 39.23% 23.44% 3.68% 4.22% 2.84% -4.52% 3.56% -5.38% 1.21%
Operating Return on Assets (OROA)
29.32% 28.14% 4.30% 20.12% 18.06% 10.36% 16.81% 22.99% 27.67% 7.30%
Return on Assets (ROA)
21.10% 29.79% 6.79% 15.48% 14.76% 6.89% 26.53% 18.23% 21.76% -12.15%
Return on Common Equity (ROCE)
39.62% 57.59% 7.22% 26.15% 24.13% 16.18% 31.95% 31.86% 36.24% 0.22%
Return on Equity Simple (ROE_SIMPLE)
32.79% 0.00% 29.02% 26.93% 23.73% 0.00% 28.29% 30.90% 33.81% 0.00%
Net Operating Profit after Tax (NOPAT)
13 14 1.41 10 11 6.37 11 20 22 3.02
NOPAT Margin
33.91% 55.16% 6.18% 28.25% 28.53% 21.19% 26.33% 30.69% 31.78% 5.32%
Net Nonoperating Expense Percent (NNEP)
16.60% 2.74% 60.09% 0.00% 0.00% -15.55% 261.50% -6.57% 0.00% -305.22%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - - 1.46%
Cost of Revenue to Revenue
23.26% -16.70% 13.88% 9.43% 8.43% 6.80% 6.52% 3.81% 4.47% 1.30%
SG&A Expenses to Revenue
6.24% 35.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
30.25% 65.29% 78.30% 36.92% 51.08% 90.96% 60.12% 57.81% 51.13% 94.03%
Earnings before Interest and Taxes (EBIT)
18 13 1.79 13 13 6.73 14 25 28 5.43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
26 19 8.21 21 22 15 25 42 46 36
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.19 1.19 1.17 1.16 1.36 1.20 1.08 1.02 1.18 1.86
Price to Tangible Book Value (P/TBV)
1.19 1.19 1.17 1.16 1.36 1.20 1.08 1.02 1.18 1.86
Price to Revenue (P/Rev)
1.18 1.33 1.33 1.39 1.76 1.56 1.27 1.10 1.18 1.61
Price to Earnings (P/E)
3.64 3.43 4.03 4.32 5.75 6.89 3.81 3.30 3.50 6.81
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
27.44% 29.17% 24.79% 23.16% 17.39% 14.51% 26.26% 30.33% 28.55% 14.69%
Enterprise Value to Invested Capital (EV/IC)
1.24 1.21 1.19 1.17 1.41 1.22 1.08 1.02 1.18 1.85
Enterprise Value to Revenue (EV/Rev)
1.01 1.22 1.24 1.36 1.61 1.48 1.29 1.09 1.19 1.62
Enterprise Value to EBITDA (EV/EBITDA)
1.55 1.75 2.05 2.27 2.79 2.79 2.26 1.82 1.90 2.54
Enterprise Value to EBIT (EV/EBIT)
2.29 2.55 3.21 3.63 4.78 5.28 3.92 3.19 3.29 5.22
Enterprise Value to NOPAT (EV/NOPAT)
3.13 3.09 3.83 4.34 5.43 6.43 4.83 3.91 4.09 6.70
Enterprise Value to Operating Cash Flow (EV/OCF)
2.31 4.61 2.78 4.05 3.44 1.68 1.53 1.50 1.87 3.27
Enterprise Value to Free Cash Flow (EV/FCFF)
2.47 3.08 5.29 35.93 37.72 46.66 0.00 32.33 0.00 176.61
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.01 0.09 0.01 0.01 0.01 0.01 0.03 0.00 0.02 0.02
Long-Term Debt to Equity
0.01 0.09 0.01 0.01 0.01 0.01 0.03 0.00 0.02 0.02
Financial Leverage
0.01 0.05 -0.02 -0.05 -0.15 -0.08 -0.03 -0.02 -0.05 -0.02
Leverage Ratio
1.87 1.91 1.79 1.69 1.63 1.78 1.86 1.74 1.67 1.69
Compound Leverage Factor
1.84 1.89 1.79 1.69 1.63 1.64 1.86 1.72 1.67 1.27
Debt to Total Capital
1.01% 8.08% 1.41% 0.85% 0.66% 0.54% 2.77% 0.44% 1.85% 2.33%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
1.01% 8.08% 1.41% 0.85% 0.66% 0.54% 2.77% 0.44% 1.85% 2.33%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
98.99% 91.92% 98.59% 99.15% 99.34% 99.46% 97.23% 99.56% 98.15% 97.67%
Debt to EBITDA
0.02 0.14 0.03 0.02 0.01 0.01 0.06 0.01 0.03 0.03
Net Debt to EBITDA
-0.27 -0.16 -0.16 -0.05 -0.27 -0.16 0.04 -0.01 0.02 0.02
Long-Term Debt to EBITDA
0.02 0.14 0.03 0.02 0.01 0.01 0.06 0.01 0.03 0.03
Debt to NOPAT
0.03 0.25 0.05 0.03 0.03 0.03 0.13 0.02 0.06 0.09
Net Debt to NOPAT
-0.54 -0.29 -0.30 -0.10 -0.52 -0.36 0.08 -0.02 0.04 0.04
Long-Term Debt to NOPAT
0.03 0.25 0.05 0.03 0.03 0.03 0.13 0.02 0.06 0.09
Altman Z-Score
3.20 2.77 2.54 2.80 3.04 2.28 1.95 2.41 2.82 3.68
Noncontrolling Interest Sharing Ratio
0.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.90 1.76 0.94 0.94 0.90 0.49 0.36 0.61 0.54 0.57
Quick Ratio
1.85 0.95 0.57 0.81 0.89 0.48 0.35 0.59 0.53 0.54
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
25 14 -9.43 -24 -20 -18 -34 -23 -47 -51
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.63 0.55 0.55 0.55 0.52 0.46 0.50 0.60 0.68 0.76
Accounts Receivable Turnover
8.37 9.37 7.59 5.49 7.03 7.55 7.02 4.78 7.94 10.49
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.76 0.70 0.65 0.65 0.63 0.58 0.58 0.71 0.78 0.85
Accounts Payable Turnover
2.05 1.18 0.92 0.99 0.62 0.87 0.83 0.57 0.39 0.57
Days Sales Outstanding (DSO)
43.62 38.94 48.09 66.54 51.89 48.34 51.99 76.35 45.98 34.80
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
177.77 309.02 395.82 368.47 593.25 417.63 441.57 635.61 947.13 635.97
Cash Conversion Cycle (CCC)
-134.16 -270.08 -347.73 -301.93 -541.36 -369.29 -389.59 -559.25 -901.15 -601.16
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
107 126 127 143 137 151 172 185 206 205
Invested Capital Turnover
1.17 0.99 1.00 0.97 0.99 0.90 0.96 1.06 1.19 1.32
Increase / (Decrease) in Invested Capital
-11 -0.09 11 34 31 25 45 42 69 54
Enterprise Value (EV)
132 153 151 166 194 183 186 189 244 379
Market Capitalization
154 167 163 170 213 194 183 190 241 377
Book Value per Share
$66.83 $73.08 $72.38 $79.16 $85.00 $88.41 $93.06 $104.38 $116.36 $118.15
Tangible Book Value per Share
$66.83 $73.08 $72.38 $79.16 $85.00 $88.41 $93.06 $104.38 $116.36 $118.15
Total Capital
131 153 141 148 157 162 174 187 208 208
Total Debt
1.32 12 1.99 1.25 1.04 0.87 4.83 0.83 3.83 4.84
Total Long-Term Debt
1.32 12 1.99 1.25 1.04 0.87 4.83 0.83 3.83 4.84
Net Debt
-23 -14 -12 -3.80 -19 -10 3.08 -1.19 2.25 2.29
Capital Expenditures (CapEx)
-0.49 -16 -0.44 -6.02 -0.98 -0.65 -0.43 -0.21 -3.52 -0.09
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-4.15 4.67 -17 -7.42 -24 -44 -58 -34 -33 -24
Debt-free Net Working Capital (DFNWC)
20 31 -2.82 -2.37 -4.07 -33 -56 -32 -31 -21
Net Working Capital (NWC)
20 31 -2.82 -2.37 -4.07 -33 -56 -32 -31 -21
Net Nonoperating Expense (NNE)
0.18 0.18 -1.41 0.00 0.00 1.90 -11 0.16 0.00 12
Net Nonoperating Obligations (NNO)
-23 -14 -12 -3.80 -19 -10 3.08 -1.19 2.25 2.29
Total Depreciation and Amortization (D&A)
7.53 6.02 6.42 7.51 8.92 8.12 10 17 18 31
Debt-free, Cash-free Net Working Capital to Revenue
-3.17% 3.72% -13.54% -6.06% -19.77% -35.57% -40.32% -19.42% -15.89% -10.22%
Debt-free Net Working Capital to Revenue
15.21% 24.90% -2.31% -1.94% -3.37% -26.65% -39.11% -18.26% -15.11% -9.14%
Net Working Capital to Revenue
15.21% 24.90% -2.31% -1.94% -3.37% -26.65% -39.11% -18.26% -15.11% -9.14%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$6.79 $6.93 $0.75 $5.35 $5.84 $3.25 $6.27 $11.08 $12.63 $1.45
Adjusted Weighted Average Basic Shares Outstanding
1.92M 1.95M 1.85M 1.89M 1.83M 1.85M 1.81M 1.78M 1.75M 1.76M
Adjusted Diluted Earnings per Share
$4.88 $4.98 $0.53 $3.82 $4.13 $2.29 $4.41 $7.77 $8.80 $0.97
Adjusted Weighted Average Diluted Shares Outstanding
1.92M 2.71M 1.85M 2.64M 2.59M 2.61M 2.57M 2.54M 2.51M 2.52M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.92M 1.95M 1.85M 1.84M 1.82M 1.85M 1.78M 1.78M 1.75M 1.76M
Normalized Net Operating Profit after Tax (NOPAT)
13 -2.67 1.41 5.43 9.00 6.37 11 20 20 3.02
Normalized NOPAT Margin
33.00% -10.87% 6.18% 15.21% 23.96% 21.19% 26.33% 30.44% 28.64% 5.32%
Pre Tax Income Margin
45.86% 50.75% 7.82% 36.71% 34.90% 20.67% 33.36% 38.06% 40.41% 7.20%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
13.69% 15.21% 23.10% 24.28% 24.27% 26.71% 15.87% 13.63% 16.21% 24.24%

Key Financial Trends

PrimeEnergy (NASDAQ:PNRG) has demonstrated significant financial evolution over the last four years, particularly evident through its quarterly income, cash flow, and balance sheet data through 2022 to 2024. Here’s a summary of the key trends and factors that retail investors should consider:

  • Strong Revenue Growth: Operating revenues have grown substantially from about $22.6 million in Q4 2022 to nearly $60 million in Q4 2024, reflecting robust top-line expansion.
  • Increasing Net Income: The company saw net income grow from modest positive amounts in early 2023 to over $22 million in Q3 2024, although Q4 2024 showed a net loss attributable to common shareholders of about $9 million, indicating some volatility.
  • Consistent Operating Gross Profit: Gross profit margins remain robust, often above 80%, with Q4 2024 gross profit at about $58.8 million on revenues near $57 million, showing strong operational efficiency despite some quarterly fluctuations.
  • Significant Depreciation Reflects Asset Base: Depreciation expenses remain high (~$10M to over $30M quarterly), reflecting a substantial asset base, particularly in plant, property, and equipment, which had a net book value exceeding $300 million by Q3 2024.
  • Operating Cash Flow Strength: Net cash provided by operating activities is generally strong, with quarterly figures reaching as high as $43 million in Q1 2024 and $23 million in Q4 2024, underpinning operational cash generation capacity.
  • Capital Expenditures and Acquisitions: The company has engaged in significant acquisitions and capital spending, with outflows often exceeding $20 million quarterly, which may enhance future capacity but pressure cash flow in the short term.
  • Share Repurchases and Debt Issuances: The company has repurchased common equity (up to ~$4.5 million per quarter in 2024) while also issuing and repaying debt variably, indicating active capital management but requiring scrutiny of impact on liquidity.
  • Balance Sheet Growth: Total assets have grown from about $213 million in Q3 2022 to $346 million by Q3 2024, with shareholders' equity also improving from $129 million to over $203 million, signaling a stronger leveraged position.
  • Q4 2024 Net Loss: Despite earlier quarters’ profits, Q4 2024 showed a consolidated net loss attributed to common shareholders of $9 million, possibly caused by unusual items or increased expenses, which investors should investigate further.
  • Elevated Operating Expenses Variability: Marketing and exploration expenses have fluctuated, with some quarters showing significant marketing expense gains or negative expenses likely from income or reversals, indicating potential volatility in operating costs.

Summary: PrimeEnergy exhibits solid top-line growth and operational cash flow generation with a strong asset base that supports substantial depreciation charges. However, investors should note quarterly profit volatility highlighted by the Q4 2024 loss and fluctuations in capital expenditures, acquisitions, and financing activities. Active debt and equity management may affect liquidity in the near term. Overall, the company’s financial trajectory suggests growth, but with some recent volatility that warrants ongoing monitoring.

08/02/25 09:54 PMAI Generated. May Contain Errors.

Frequently Asked Questions About PrimeEnergy's Financials

When does PrimeEnergy's financial year end?

According to the most recent income statement we have on file, PrimeEnergy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has PrimeEnergy's net income changed over the last 3 years?

PrimeEnergy's net income appears to be on an upward trend, with a most recent value of $55.40 million in 2024, rising from $2.13 million in 2021. The previous period was $28.10 million in 2023.

What is PrimeEnergy's operating income?
PrimeEnergy's total operating income in 2024 was $72.72 million, based on the following breakdown:
  • Total Gross Profit: $224.97 million
  • Total Operating Expenses: $152.25 million
How has PrimeEnergy's revenue changed over the last 3 years?

Over the last 3 years, PrimeEnergy's total revenue changed from $72.46 million in 2021 to $234.08 million in 2024, a change of 223.1%.

How much debt does PrimeEnergy have?

PrimeEnergy's total liabilities were at $121.70 million at the end of 2024, a 4.6% decrease from 2023, and a 8.8% increase since 2021.

How much cash does PrimeEnergy have?

In the past 3 years, PrimeEnergy's cash and equivalents has ranged from $2.55 million in 2024 to $26.54 million in 2022, and is currently $2.55 million as of their latest financial filing in 2024.

How has PrimeEnergy's book value per share changed over the last 3 years?

Over the last 3 years, PrimeEnergy's book value per share changed from 49.69 in 2021 to 118.15 in 2024, a change of 137.8%.



This page (NASDAQ:PNRG) was last updated on 8/2/2025 by MarketBeat.com Staff
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