Filing Flows › Primeenergy Resources (PNRG) › Q1 2025
Primeenergy Resources (PNRG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 19, 2025
Primeenergy Resources (PNRG) reported revenue of $50.1M for the first quarter 2025 (Q1 2025), +16% from a year earlier and -17% from the quarter before. Operating margin was 22.7%, net earnings $9.1M (18.2% of revenue).
Primeenergy Resources, Q1 2025: revenue $50.1M (+16% year over year), operating margin 22.7%, net earnings $9.1M, operating cash flow $38.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $50.1M | -17% | +16% |
| Operating profit | $11.4M | +178% | -21% |
| Net earnings | $9.1M | +301% | -19% |
| Operating cash flow | $38.2M | +60% | -12% |
| Free cash flow | $3.5M | +15% | — |
What changed
Revenue was $50.1M in Q1 2025, up 16% year over year and down 17% from the previous quarter.
Operating profit was $11.4M, a 22.7% margin (down 10.6 points year over year). Operating profit fell $3.0M even though revenue rose $7.1M versus a year earlier, so costs grew faster than sales. Total costs grew 35% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+49%). Net earnings were $9.1M, down 19% year over year. The effective tax rate was 19.7%.
Operating cash flow was $38.2M (down 12% year over year), 418% of net earnings. Non-cash charges added back $20.4M of depreciation and amortization. Working capital and other items added $8.7M. Capital expenditures of $34.7M left free cash flow of $3.5M.
Questions
What was Primeenergy Resources' revenue in the first quarter 2025?
Primeenergy Resources (PNRG) reported revenue of $50.1M for the first quarter 2025 (Q1 2025), +16% from a year earlier and -17% from the quarter before.
Was Primeenergy Resources profitable in the first quarter 2025?
Operating profit was $11.4M (22.7% of revenue) and net earnings $9.1M.