PrimeEnergy Resources Corporation announced its financial results for the second quarter of 2025, reporting a net income of $3.2 million and diluted earnings per share of $1.33. The company noted that year-over-year revenue and earnings declined, primarily attributed to lower oil prices during the period.
Despite the financial decline, Chairman Charles E. Drimal, Jr. highlighted strong growth in natural gas and NGL production, which contributed to a more diversified production base. He emphasized the company's disciplined capital program and continued commitment to shareholder returns.
A notable development in the second quarter was Chairman Charles E. Drimal, Jr. entering into voting rights agreements with outside shareholders covering 155,926 shares of common stock. This action resulted in affiliated shareholders collectively controlling over 80% of the company’s voting power on a fully diluted basis, aiming to provide enhanced stability in corporate governance.
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