Overview

* PrimeEnergy Q3 net income was $10.6 mln, with total revenue of $45.97 mln

* Company retired 73,470 shares, reducing outstanding shares by over 4%

* Gas revenue rose significantly due to higher pricing and volumes

Outlook

* Company continues development in Texas and Oklahoma, prioritizing long-lived production

* PrimeEnergy emphasizes disciplined investment and capital return to shareholders

Result Drivers

* GAS REVENUE INCREASE - Co attributes significant rise in gas revenue to higher pricing and increased volumes

* OIL VOLUME DECLINE - Co reports oil volumes declined due to natural decline in mature assets

* CAPITAL DISCIPLINE - Co prioritizes long-lived production and capital discipline in Texas and Oklahoma

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $45.97

Revenue mln

Q3 Net $10.60

Income mln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)