PrimeEnergy Reports Strong Oil Prices Offset Losses on Natural Gas

PrimeEnergy Resources Corporation reported its second quarter and first half 2026 results, which showed net income of $6.5 million, or $4.06 per basic share, for the three months ended June 30.

This is a significant increase from the same period in 2025 when the company reported net income of $3.2 million, or $1.94 per basic share.

The company's average realized oil price increased to $98.85 per barrel from $56.96 per barrel in the second quarter of last year, resulting in oil revenue of $40.6 million despite lower oil production.

However, PrimeEnergy reported a loss on natural gas due to negative prices in the Permian Basin, with an average realized price of negative $3.53 per Mcf, resulting in negative natural gas revenue of $9.2 million.