Overview

* PrimeEnergy Q2 revenue falls to $42 mln from $64.8 mln year-over-year

* Q2 net income drops to $3.2 mln, diluted EPS at $1.33

* Company repurchased 53,000 shares, plans to continue buybacks in 2025

Outlook

* Company plans to continue share repurchases through year-end

Result Drivers

* DIVERSIFIED PRODUCTION - Strong growth in natural gas and NGL production helped balance revenue streams despite lower oil volumes, per Chairman Charles E. Drimal, Jr.

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $42 mln

Revenue

Q2 EPS $1.33

Q2 Net $3.20

Income mln

Press Release:

(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.)