PrimeEnergy Resources (PNRG) Shoots Up Following Third-Quarter Results

The share price of PrimeEnergy Resources Corporation (NASDAQ:PNRG) surged by 22.24% between November 21 and November 28, 2025, putting it among the Energy Stocks that Gained the Most This Week.

PrimeEnergy Resources Corporation (NASDAQ:PNRG) engages in the acquisition, development, and production of oil and natural gas properties in the United States.

PrimeEnergy Resources Corporation (NASDAQ:PNRG) jumped after announcing its third-quarter results on November 19, with the company’s net income surging by over 231% sequentially to $10.6 million. Revenue also grew by almost 10% QoQ to around $46 million. Meanwhile, production for the quarter totaled 505 MBbl of oil, 2.3 Bcf of natural gas, and 362 MBbl of natural gas liquids.

PrimeEnergy Resources Corporation (NASDAQ:PNRG) maintains a robust balance sheet and generated solid operating cash flow of $84.5 million for the first nine months of 2025. Moreover, as of September 30, the company reported zero outstanding bank debt and full availability under its $115 million revolving credit facility.

Despite the recent uptick, the share price of PrimeEnergy Resources Corporation (NASDAQ:PNRG) has declined by almost 11% since the beginning of 2025.

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Disclosure: None.