PRIMEENERGY RESOURCES CORP
PNRG · Crude Petroleum & Natural Gas · 1.6M shares · +6%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $13M (gross $13M)
Reference price $220.44 · est. market cap ~$357M — last insider sale, 2026-05-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B71Debt-free Permian-focused E&P with high margins and strong operating cash flow, though commodity prices cut revenue.
Strengths
- High gross margin (89.5th pct) and operating cash margin (51%, 65.7th pct) with zero debt (D/E 0)
- Active horizontal development inventory (~100+ Midland Basin locations) and disciplined liquidity focus
Risks
- Revenue fell 20.5% (23.5th pct) on lower oil prices; tight current ratio (0.74)
- Full exposure to volatile oil/gas prices and potential reserve write-downs under full-cost accounting
Notable findings
- Weak liquidityCurrent ratio 0.74 (<1)
- Revenue declineRevenue -22.8% YoY
- Insider sellingInsider selling — 11 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$14M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
96.7%
Net margin
13.9%
Return on equity
12.2%
Return on assets
8.1%
Revenue growth (QoQ)
-22.8%
Net-income growth
-52.5%
Debt / equity
0.0×
Current ratio
0.7×
Tangible book value
$216M
Cash & investments
$7M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-01 | HURT CLINT | Sell | 2.0K | $220.44 |
| 2026-04-27 | DE ROTHSCHILD ROBERT | Sell | 13K | $231.60 |
| 2026-04-24 | HURT CLINT | Sell | 10K | $230.92 |
| 2026-02-09 | HURT CLINT | Sell | 2.0K | $200.22 |
| 2026-02-06 | HURT CLINT | Sell | 5.0K | $190.15 |
| 2026-02-06 | HURT CLINT | Sell | 3.9K | $193.39 |
| 2026-02-05 | DE ROTHSCHILD ROBERT | Sell | 1.1K | $186.75 |
| 2026-02-05 | HURT CLINT | Sell | 1.1K | $190.02 |
| 2026-01-30 | DE ROTHSCHILD ROBERT | Sell | 10K | $181.81 |
| 2026-01-29 | DE ROTHSCHILD ROBERT | Sell | 10K | $186.19 |
| 2026-01-13 | DE ROTHSCHILD ROBERT | Sell | 8.7K | $182.85 |
| 2025-12-11 | HURT CLINT | Sell | 1.3K | $190.07 |
| 2025-12-10 | HURT CLINT | Sell | 3.7K | $190.12 |
| 2025-12-09 | HURT CLINT | Sell | 5.0K | $190.20 |
| 2025-06-04 | DE ROTHSCHILD ROBERT | Sell | 1.8K | $187.00 |
| 2025-06-03 | DE ROTHSCHILD ROBERT | Sell | 4.4K | $188.01 |
| 2025-02-21 | DE ROTHSCHILD ROBERT | Sell | 1.0K | $195.29 |
| 2025-02-21 | DE ROTHSCHILD ROBERT | Buy | 1.0K | $195.29 |
| 2025-02-19 | DE ROTHSCHILD ROBERT | Sell | 3.9K | $201.28 |
| 2025-02-12 | DE ROTHSCHILD ROBERT | Sell | 2.0K | $197.31 |
| 2025-02-11 | DE ROTHSCHILD ROBERT | Sell | 4.4K | $201.54 |
| 2025-02-10 | DE ROTHSCHILD ROBERT | Sell | 1.3K | $203.92 |
| 2025-02-07 | DE ROTHSCHILD ROBERT | Sell | 1.6K | $202.15 |
| 2025-02-06 | DE ROTHSCHILD ROBERT | Sell | 1.4K | $204.57 |
| 2025-02-05 | DE ROTHSCHILD ROBERT | Sell | 503 | $215.18 |
| 2025-02-03 | DE ROTHSCHILD ROBERT | Sell | 471 | $212.00 |
| 2025-01-31 | DE ROTHSCHILD ROBERT | Sell | 3.3K | $219.72 |
| 2025-01-22 | HURT CLINT | Sell | 4.9K | $215.22 |
| 2025-01-22 | HURT CLINT | Sell | 178 | $215.11 |
| 2025-01-22 | HURT CLINT | Sell | 4.9K | $215.22 |
| 2025-01-17 | HURT CLINT | Sell | 1.1K | $214.09 |
| 2025-01-17 | DE ROTHSCHILD ROBERT | Sell | 1.8K | $213.69 |
| 2025-01-17 | HURT CLINT | Sell | 1.1K | $214.09 |
| 2025-01-16 | HURT CLINT | Sell | 739 | $214.86 |
| 2025-01-16 | DE ROTHSCHILD ROBERT | Sell | 412 | $213.39 |
| 2025-01-15 | DE ROTHSCHILD ROBERT | Sell | 2.3K | $215.03 |
| 2025-01-15 | HURT CLINT | Sell | 3.1K | $214.65 |
| 2025-01-14 | DE ROTHSCHILD ROBERT | Sell | 2.0K | $205.09 |
| 2025-01-13 | DE ROTHSCHILD ROBERT | Sell | 3.4K | $205.40 |
| 2025-01-02 | HURT CLINT | Sell | 2.1K | $220.66 |
| 2024-12-31 | HURT CLINT | Sell | 1.9K | $223.00 |
| 2024-12-30 | HURT CLINT | Sell | 997 | $234.09 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (6)
- Double Eagle (DE IV, LLC)
- Vital
- Hibernia Energy II (now Civitas)
- Apache
- ConocoPhillips
- Ovintiv USA, Inc.
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-11 | Shareholder voteOther | filing ↗ |
| 2026-02-27 | Material agreementExhibits | filing ↗ |
| 2025-07-01 | Auditor changeExhibits | filing ↗ |
| 2025-06-05 | Shareholder vote | filing ↗ |
| 2024-08-01 | Material agreementExhibits | filing ↗ |
| 2024-06-06 | Shareholder vote | filing ↗ |
| 2024-02-14 | Material agreementExhibits | filing ↗ |
| 2023-06-08 | Shareholder voteOther | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-11 | 2026-06-10 | 0001437749-26-020279 ↗ |
| 10-Q | 2026-05-20 | 2026-03-31 | 0001437749-26-017864 ↗ |
| 10-K | 2026-04-16 | 2025-12-31 | 0001437749-26-012531 ↗ |
| 8-K | 2026-02-27 | 2026-02-24 | 0001437749-26-006089 ↗ |
| 10-Q | 2025-11-19 | 2025-09-30 | 0001437749-25-035729 ↗ |
| 10-Q | 2025-08-19 | 2025-06-30 | 0001437749-25-027372 ↗ |
| 8-K | 2025-07-01 | 2025-06-27 | 0001437749-25-021599 ↗ |
| 8-K | 2025-06-05 | 2025-06-05 | 0001437749-25-019560 ↗ |
| 10-Q | 2025-05-19 | 2025-03-31 | 0001437749-25-017614 ↗ |
| 10-K | 2025-04-15 | 2024-12-31 | 0001437749-25-012086 ↗ |
| 10-Q | 2024-11-14 | 2024-09-30 | 0001437749-24-035107 ↗ |
| 10-Q | 2024-08-14 | 2024-06-30 | 0001437749-24-026602 ↗ |