Filing Flows › Primeenergy Resources (PNRG) › Q1 2026
Primeenergy Resources (PNRG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
Primeenergy Resources (PNRG) reported revenue of $39.4M for the first quarter 2026 (Q1 2026), -21% from a year earlier and -23% from the quarter before. Operating margin was 13.3%, net earnings $4.3M (11.0% of revenue).
Primeenergy Resources, Q1 2026: revenue $39.4M (-21% year over year), operating margin 13.3%, net earnings $4.3M, operating cash flow $16.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.4M | -23% | -21% |
| Operating profit | $5.2M | +219% | -54% |
| Net earnings | $4.3M | +28% | -52% |
| Operating cash flow | $16.1M | +32% | -58% |
| Free cash flow | $14.6M | +247% | +313% |
What changed
Revenue was $39.4M in Q1 2026, down 21% year over year and down 23% from the previous quarter.
Operating profit was $5.2M, a 13.3% margin (down 9.4 points year over year). Total costs fell 12% while revenue fell 21%. Net earnings were $4.3M, down 52% year over year. The effective tax rate was 17.1%.
Operating cash flow was $16.1M (down 58% year over year), 370% of net earnings. Non-cash charges added back $16.7M of depreciation and amortization. Working capital and other items used $5.0M. Capital expenditures of $1.5M left free cash flow of $14.6M.
Questions
What was Primeenergy Resources' revenue in the first quarter 2026?
Primeenergy Resources (PNRG) reported revenue of $39.4M for the first quarter 2026 (Q1 2026), -21% from a year earlier and -23% from the quarter before.
Was Primeenergy Resources profitable in the first quarter 2026?
Operating profit was $5.2M (13.3% of revenue) and net earnings $4.3M.