---
title: "PrimeEnergy Amends Credit Facility, Reaffirms $115 Million Base"
description: "PrimeEnergy Resources Corporation has amended its credit facility with Citibank, reaffirming a $115 million borrowing base. The amendment reduces interest margins and updates hedging covenants, while "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277253132.md"
published_at: "2026-02-27T21:51:04.000Z"
---

# PrimeEnergy Amends Credit Facility, Reaffirms $115 Million Base

> PrimeEnergy Resources Corporation has amended its credit facility with Citibank, reaffirming a $115 million borrowing base. The amendment reduces interest margins and updates hedging covenants, while maintaining core facility terms. As of February 27, 2026, the company had no outstanding borrowings, enhancing its liquidity. Analysts rate PNRG stock as a Buy with a $184 price target, citing strong financials and improving cash flow, despite challenges in revenue. The stock shows short-term bullish momentum but may be overbought. Current market cap is $300.4 million.

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Primeenergy ( (PNRG) ) has issued an announcement.

On February 24, 2026, PrimeEnergy Resources Corporation entered into a Fifth Amendment to its Fourth Amended and Restated Credit Agreement with Citibank and other lenders, reaffirming its borrowing base at $115 million. The amendment reduces interest margins on SOFR and base-rate loans by 50 basis points at each utilization level, updates commodity hedging covenants by raising certain utilization thresholds from 25% to 30%, adjusts lender schedules, and imposes customary post-closing mortgage and title delivery obligations, while leaving core facility terms such as commitments, collateral, covenants, and maturity unchanged.

As of December 31, 2025, and February 27, 2026, PrimeEnergy had no outstanding borrowings, preserving full availability under the $115 million borrowing base. The changes are expected to lower the company’s cost of capital on future draws and provide slightly more flexibility around hedging requirements, supporting its liquidity position without altering the overall structure of its revolving credit facility.

The most recent analyst rating on (PNRG) stock is a Buy with a $184.00 price target. To see the full list of analyst forecasts on Primeenergy stock, see the PNRG Stock Forecast page.

**Spark’s Take on PNRG Stock**

According to Spark, TipRanks’ AI Analyst, PNRG is a Outperform.

Primeenergy’s overall stock score is driven by its strong financial position and improving cash flow generation, despite challenges in revenue and profit margins. Technical analysis indicates short-term bullish momentum but warns of potential overbought conditions. Valuation is fair, though the lack of a dividend yield may deter some investors.

To see Spark’s full report on PNRG stock, click here.

**More about Primeenergy**

PrimeEnergy Resources Corporation operates in the energy sector and utilizes a senior secured revolving credit facility to support its operations. The company’s capital structure includes a borrowing base backed by oil and gas properties, with Citibank, N.A. serving as administrative agent under its primary credit agreement.

**Average Trading Volume:** 54,342

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** $300.4M

Learn more about PNRG stock on TipRanks’ Stock Analysis page.

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- [PNRG.US - PrimeEnergy](https://longbridge.com/en/quote/PNRG.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.