PrimeEnergy Resources Corporation Announces Second Quarter Results

About this update from Primeenergy Resources Corporation

[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--\nPrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today the following unaudited results for the periods ended June 30, 2021 and 2020:\n\n\n\n \n\n\n \n\nThree Months Ended June 30,\n\n\n \n\nSix Months Ended June 30,\n\n\n\n\n\n \n\n\n \n\n2021 \n\n\n \n\n2020 \n\n\n \n\n2021 \n\n\n \n\n2020\n\n\n\n\n\n \n\n\nRevenues................................\n\n\n \n\n$\n\n\n\n13,663,000\n\n\n\n \n\n\n \n\n$\n\n\n\n7,278,000\n\n\n\n \n\n\n \n\n$\n\n\n\n28,635,000\n\n\n\n \n\n\n \n\n$\n\n\n\n33,386,000\n\n\n\n \n\n\n\n\n\nNet Loss .................................\n\n\n \n\n$\n\n\n\n(2,403,000\n\n\n\n)\n\n\n \n\n$\n\n\n\n(6,266,000\n\n\n\n)\n\n\n \n\n$\n\n\n\n(3,858,000\n\n\n\n)\n\n\n \n\n$\n\n\n\n(6,436,000\n\n\n\n)\n\n\n\n\n\nEarnings per Common Share:\n\n\n\n\n\nBasic..................................\n\n\n \n\n$\n\n\n\n(1.20\n\n\n\n)\n\n\n \n\n$\n\n\n\n(3.14\n\n\n\n)\n\n\n \n\n$\n\n\n\n(1.93\n\n\n\n)\n\n\n \n\n$\n\n\n\n(3.23\n\n\n\n)\n\n\n\n\n\nShares Used in Calculation of:\n\n\n\n\n\nBasic EPS..........................\n\n\n \n\n \n\n\n\n1,994,177\n\n\n\n \n\n\n \n\n \n\n\n\n1,994,177\n\n\n\n \n\n\n \n\n \n\n\n\n1,994,177\n\n\n\n \n\n\n \n\n \n\n\n\n1,994,675\n\n\n\n \n\n\n\n\nTotal assets at June 30, 2021 were $198,505,000 compared to $200,484,000 at December 31, 2020.\n\nOil and gas production and the average prices received (excluding gains and losses from derivatives) for the three and six months ended June 30, 2021 and 2020 were as follows:\n\n\n\n \n\n\n \n\nThree Months Ended June 30,\n\n\n \n\nSix Months Ended June 30,\n\n\n\n\n\n \n\n\n \n\n2021\n\n\n \n\n2020\n\n\n \n\nIncrease /\n(Decrease)\n\n\n \n\n2021\n\n\n \n\n2020\n\n\n \n\nIncrease /\n(Decrease)\n\n\n\n\n\nBarrels of Oil Produced.............................\n\n\n \n\n \n\n\n\n165,000\n\n\n \n\n \n\n\n\n144,000\n\n\n \n\n \n\n\n\n21,000\n\n\n\n \n\n\n \n\n \n\n\n\n328,000\n\n\n \n\n \n\n\n\n378,000\n\n\n \n\n \n\n\n\n(50,000\n\n\n\n)\n\n\n\n\n\nAverage Price Received............................\n\n\n \n\n$\n\n\n\n64.63\n\n\n \n\n$\n\n\n\n25.09\n\n\n \n\n$\n\n\n\n39.54\n\n\n\n \n\n\n \n\n$\n\n\n\n60.77\n\n\n \n\n$\n\n\n\n37.89\n\n\n \n\n$\n\n\n\n22.88\n\n\n\n \n\n\n\n\n\nOil Revenue .............................................\n\n\n \n\n$\n\n\n\n10,664,000\n\n\n \n\n$\n\n\n\n3,613,000\n\n\n \n\n$\n\n\n\n7,051,000\n\n\n\n \n\n\n...

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