Primeenergy resources corp (PNRG)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues
Oil and gas sales

-

-

-

-

-

-

-

-

-

-

-

-

10,911

11,557

8,708

7,130

8,472

10,607

14,255

12,298

17,409

23,372

26,063

24,201

21,343

25,948

24,135

21,359

22,156

21,813

20,834

23,031

23,193

21,757

22,356

21,123

18,745

21,529

Realized (loss) on derivative instruments, net

-403

-195

-851

78

-1,170

-1,349

-1,081

-495

-106

156

22

-227

-

-

-

-

6,213

5,494

4,301

5,143

2,707

151

-1,726

-997

-195

-1,201

-166

240

123

38

222

119

13,000

4,295

-185

-9,509

-2,181

5,359

Field service income

-

-

-

-

-

-

-

-

-

-

-

3,761

3,804

3,694

3,710

4,224

4,381

5,507

5,450

5,541

-

6,472

6,586

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Field service income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,772

6,586

6,772

6,245

5,331

5,077

4,892

5,337

5,115

-

5,407

5,169

-

-

-

Administrative overhead fees

-

-

-

-

-

-

-

-

-

-

-

1,581

1,577

1,600

1,633

1,757

1,888

2,036

2,130

2,233

2,316

2,383

2,390

2,284

2,279

2,319

2,540

2,117

-

2,141

2,110

-

-

-

-

-

-

-

Realized gain on derivative instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

322

-

-

Realized gain on derivative instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,012

-

Field service income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,605

4,349

3,808

Administrative overhead fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,164

2,200

2,150

2,121

2,217

2,188

2,100

Unrealized (loss) gain on derivative instruments

-1,958

2,071

2,862

-5,752

13,481

-2,194

-4,136

-1,821

-2,545

-1,262

1,550

2,804

-

-354

-

-

-5,649

-2,147

-6,639

-2,466

15,213

8,360

-4,017

-1,982

823

-3,869

4,480

-2,083

1,034

-2,649

8,877

-3,779

-

12,511

6,013

-

-

-

Other income

19

2

4

59

-

37

22

-

4

47

4

118

0

2

6

51

6

1

5

46

37

6

33

107

1

11

46

6

26

25

46

57

6

20

36

13

6

118

Total Revenues

20,689

28,182

31,534

24,419

37,844

29,402

22,387

28,467

30,119

17,184

21,532

20,475

13,048

16,499

14,057

13,162

15,311

21,498

19,502

22,795

44,122

40,744

29,329

30,385

30,837

29,980

37,280

26,970

30,586

26,260

37,426

26,707

26,659

46,140

35,510

18,771

24,119

32,914

Costs and Expenses
Lease operating expense

9,029

8,207

8,149

8,076

8,127

9,533

8,757

8,579

-

6,762

7,157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Field service expense

-

3,972

3,979

-

-

3,728

3,219

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease operating expense

-

-

-

-

-

-

-

-

-

-

-

7,140

5,786

6,285

7,461

8,012

8,166

8,827

8,973

9,240

10,857

10,979

10,230

11,906

11,499

11,331

10,996

9,983

11,048

9,347

9,973

9,500

10,377

9,711

8,903

7,906

7,724

8,668

Field service expense

-

-

-

3,665

-

-

-

3,210

2,838

3,126

3,044

2,982

2,967

2,662

3,360

3,560

4,088

4,667

4,397

4,489

-

5,149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Field service expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,044

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Field service expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,527

5,803

5,521

5,168

4,535

4,553

4,275

4,363

4,385

4,705

4,393

4,239

3,905

3,605

3,265

Depreciation, depletion, amortization and accretion on discounted liabilities

8,351

9,255

9,292

9,258

14,014

7,883

7,909

7,923

12,247

7,812

8,071

7,938

11,285

7,308

6,306

5,275

14,765

5,648

5,686

5,452

9,116

5,789

5,606

5,353

5,532

5,177

6,269

4,883

3,423

5,884

7,124

6,838

7,470

22,899

11,995

6,036

7,309

7,291

Gain on settlement of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,787

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expense

3,014

2,854

2,895

6,876

2,753

2,250

2,571

5,976

2,767

2,523

2,620

1,736

1,164

2,405

1,849

2,431

2,996

2,783

3,121

3,367

2,641

4,289

3,084

4,446

4,407

3,864

4,348

4,040

4,361

3,823

3,797

3,889

4,674

3,179

4,000

3,037

3,840

2,945

Exploration costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

2

0

1

0

0

5

5

23

7

7

1

87

4

Total Costs and Expenses

24,224

24,288

24,315

27,875

29,212

23,394

22,456

25,688

27,673

20,223

20,892

19,796

21,202

18,660

18,976

19,278

30,015

21,925

22,177

22,548

28,069

24,419

23,964

27,232

27,286

25,895

26,781

23,442

23,385

23,329

25,262

24,617

27,249

40,189

29,144

20,885

22,565

22,173

Gain on Sale and Exchange of Assets

2,771

114

1,023

666

494

511

185

2,472

-820

359

117

41,602

5,509

10,546

11,407

4,916

13

156

728

489

492

1,608

842

3,173

297

760

699

1,060

-

14

2

-

-

-

-

-

-

-

Gain on Sale and Exchange of Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

704

-6

1,375

11

222

1,336

316

Income from Operations

-764

4,008

8,242

-2,790

9,126

6,519

116

5,251

1,626

-2,680

757

42,281

-2,645

8,385

6,488

-1,200

-14,691

-271

-1,947

736

16,545

17,933

6,207

6,326

3,848

4,845

11,198

4,588

7,211

2,945

12,166

2,794

-596

7,326

6,377

-1,892

2,890

11,057

Other Income and Expenses
Less: Interest expense

-728

-919

-1,013

-975

-800

-834

-917

-862

-1,861

-594

-460

605

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

698

1,002

939

868

880

881

927

939

915

984

1,040

1,079

1,065

1,000

1,085

1,073

1,043

947

831

756

676

685

1,139

1,211

1,633

1,640

Add: Interest income

2

7

3

7

9

12

12

11

-

-

-

-

-

-

-

-

-

2

-

-

-

-

-

-

0

0

0

2

19

24

38

10

359

2

4

81

10

11

Income Before Provision for Income Taxes

-1,490

3,096

7,232

-3,758

8,335

5,697

-789

4,400

982

-3,274

297

41,676

-3,342

7,383

5,549

-2,068

-15,571

-1,150

-2,874

-203

15,630

16,949

5,167

5,247

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income Before Provision for Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,783

3,845

10,113

3,517

6,187

2,022

11,373

2,048

-913

6,643

5,242

-3,022

1,267

9,428

Provision for Income Taxes

169

569

1,410

-727

647

1,424

-192

1,099

-20,160

-1,384

124

13,667

-936

2,667

1,259

-890

-5,317

-310

-1,036

15

5,313

5,617

1,436

1,478

883

1,227

3,555

1,153

2,191

464

3,814

387

-1,082

1,899

1,571

-1,113

142

2,925

Net Income

-1,659

2,527

5,822

-3,031

7,688

4,273

-597

3,301

21,142

-1,890

173

28,009

-2,406

4,716

4,290

-1,178

-10,254

-840

-1,838

-218

10,317

11,332

3,731

3,769

1,900

2,618

6,558

2,364

3,996

1,558

7,559

1,661

169

4,744

3,671

-1,909

1,125

6,503

Less: Net Income Attributable to Non-Controlling Interest

114

15

47

7

238

-80

-37

15

-210

122

-188

5,712

-261

-208

1,765

682

-45

-185

95

-231

112

533

498

960

213

386

464

106

-408

216

136

338

452

471

468

473

327

268

Net Income Attributable to PrimeEnergy

-1,773

2,512

5,775

-3,038

7,450

4,353

-560

3,286

21,352

-2,012

361

22,297

-2,145

4,924

2,525

-1,860

-10,209

-655

-1,933

13

10,205

10,799

3,233

2,809

1,687

2,232

6,094

2,258

4,968

1,342

7,423

1,323

-283

4,273

3,203

-2,382

798

6,235

Basic Income Per Common Share

-0.89

1.25

2.85

-1.49

3.60

2.10

-0.27

1.53

9.98

-0.92

0.16

9.77

-0.94

2.15

1.10

-0.81

-4.42

-0.28

-0.84

0.01

4.32

4.58

1.37

1.18

0.71

0.92

2.51

0.90

1.93

0.51

2.81

0.49

-0.11

1.56

1.16

-0.86

0.28

2.09

Diluted Income Per Common Share

-0.24

0.91

2.07

-1.49

2.70

1.54

-0.27

1.14

7.63

-0.92

0.12

7.35

-0.51

1.62

0.83

-0.81

-4.41

-0.28

-0.84

0.00

3.27

3.47

1.04

0.90

0.53

0.71

1.92

0.70

1.49

0.40

2.20

0.39

0.09

1.23

0.92

-0.86

0.22

1.68

Oil sales [Member]
Oil, gas and service income

12,996

16,928

19,644

18,798

14,083

20,960

16,622

20,101

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural gas sales [Member]
Oil, gas and service income

1,482

1,467

1,355

2,235

2,064

2,174

1,989

2,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural gas liquids sales [Member]
Oil, gas and service income

2,204

1,687

2,375

2,844

3,271

3,890

3,098

2,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil and gas service [Member]
Oil, gas and service income

-

4,866

4,757

4,733

-

4,470

4,447

4,215

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Administrative Service [Member]
Oil, gas and service income

1,491

1,356

1,388

1,424

1,376

1,414

1,426

1,504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-