PrimeEnergy | 10-Q: FY2025 Q3 Revenue: USD 45.97 M

Revenue: As of FY2025 Q3, the actual value is USD 45.97 M.

EPS: As of FY2025 Q3, the actual value is USD 4.38.

EBIT: As of FY2025 Q3, the actual value is USD 13.78 M.

Segment Revenue

• Oil Revenue: $34.81 million for the three months ended September 30, 2025, compared to $56.19 million for the same period in 2024, a decrease of 38.06%.
• Natural Gas Revenue: $1.97 million for the three months ended September 30, 2025, compared to $0.64 million for the same period in 2024, an increase of 208.46%.
• Natural Gas Liquids Revenue: $5.62 million for the three months ended September 30, 2025, compared to $7.18 million for the same period in 2024, a decrease of 21.70%.

Operational Metrics

• Net Income: $10.56 million for the three months ended September 30, 2025, compared to $22.08 million for the same period in 2024.
• Oil and Gas Production Expense: $10.5 million for the three months ended September 30, 2025, compared to $12.9 million for the same period in 2024, a decrease of 18.88%.
• Depreciation, Depletion, and Amortization Expense: $14.1 million for the three months ended September 30, 2025, compared to $18.2 million for the same period in 2024, a decrease of 22.65%.

Cash Flow

• Net Cash Provided by Operating Activities: $84.54 million for the nine months ended September 30, 2025, compared to $92.00 million for the same period in 2024.
• Net Cash Used in Investing Activities: -$67.34 million for the nine months ended September 30, 2025, compared to -$94.24 million for the same period in 2024.

Unique Metrics

• Field Service Income: $2.3 million for the third quarter 2025, compared to $2.7 million for the third quarter 2024, a decrease of 14.57%.

Future Outlook and Strategy

• Core Business Focus: The company plans to invest approximately $224 million in horizontal drilling in West Texas over the next several years, targeting reservoirs with high initial production rates and cash flow.
• Non-Core Business: The company is monitoring production from a new well drilled by Ventex Operating in Polk County, Texas, and plans to recomplete the Sarah F. Wing #80 in the Segno field in the first quarter of 2026.