PrimeEnergy Corporation (PNRG) - Net Assets
Based on the latest financial reports, PrimeEnergy Corporation (PNRG) has net assets worth $213.78 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($332.02 Million) and total liabilities ($118.23 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PNRG asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $213.78 Million |
| % of Total Assets | 64.39% |
| Annual Growth Rate | 11.51% |
| 5-Year Change | 107.07% |
| 10-Year Change | 222.61% |
| Growth Volatility | 75.11 |
PrimeEnergy Corporation - Net Assets Trend (1985–2024)
This chart illustrates how PrimeEnergy Corporation's net assets have evolved over time, based on quarterly financial data. Also explore PrimeEnergy Corporation balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for PrimeEnergy Corporation (1985–2024)
The table below shows the annual net assets of PrimeEnergy Corporation from 1985 to 2024. For live valuation and market cap data, see PNRG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $202.93 Million | +26.08% |
| 2023-12-31 | $160.95 Million | +14.68% |
| 2022-12-31 | $140.35 Million | +41.64% |
| 2021-12-31 | $99.09 Million | +1.12% |
| 2020-12-31 | $98.00 Million | -5.19% |
| 2019-12-31 | $103.36 Million | -2.49% |
| 2018-12-31 | $106.00 Million | +3.48% |
| 2017-12-31 | $102.44 Million | +55.49% |
| 2016-12-31 | $65.88 Million | +4.74% |
| 2015-12-31 | $62.90 Million | -19.63% |
| 2014-12-31 | $78.26 Million | +47.28% |
| 2013-12-31 | $53.14 Million | +20.22% |
| 2012-12-31 | $44.20 Million | +23.63% |
| 2011-12-31 | $35.75 Million | +8.06% |
| 2010-12-31 | $33.09 Million | -2.07% |
| 2009-12-31 | $33.79 Million | -43.63% |
| 2008-12-31 | $59.93 Million | +16.15% |
| 2007-12-31 | $51.60 Million | -7.88% |
| 2006-12-31 | $56.01 Million | +40.96% |
| 2005-12-31 | $39.74 Million | +117.89% |
| 2004-12-31 | $18.24 Million | +35.73% |
| 2003-12-31 | $13.44 Million | +60.43% |
| 2002-12-31 | $8.38 Million | +13.74% |
| 2001-12-31 | $7.36 Million | +47.97% |
| 2000-12-31 | $4.98 Million | +432.76% |
| 1999-12-31 | $934.00K | -74.06% |
| 1998-12-31 | $3.60 Million | -45.45% |
| 1997-12-31 | $6.60 Million | +1.54% |
| 1996-12-31 | $6.50 Million | -8.45% |
| 1995-12-31 | $7.10 Million | -6.58% |
| 1994-12-31 | $7.60 Million | +2.70% |
| 1993-12-31 | $7.40 Million | +2.78% |
| 1992-12-31 | $7.20 Million | +16.13% |
| 1991-12-31 | $6.20 Million | -6.06% |
| 1990-12-31 | $6.60 Million | +24.53% |
| 1989-12-31 | $5.30 Million | +96.30% |
| 1988-12-31 | $2.70 Million | 0.00% |
| 1987-12-31 | $2.70 Million | +42.11% |
| 1986-12-31 | $1.90 Million | -34.48% |
| 1985-12-31 | $2.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PrimeEnergy Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 26527300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $261.07 Million | 128.65% |
| Common Stock | $281.00K | 0.14% |
| Total Equity | $202.93 Million | 100.00% |
PrimeEnergy Corporation Competitors by Market Cap
The table below lists competitors of PrimeEnergy Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZheJiang BangJie Digital Knitting Share Co Ltd
SHE:002634
|
$356.93 Million |
|
Wuhan Citms Technology Co Ltd
SHG:688038
|
$356.93 Million |
|
Nantong Acetic Acid Chemical Co Ltd
SHG:603968
|
$356.97 Million |
|
MN Holdings Berhad
KLSE:0245
|
$356.99 Million |
|
Harbin Air Conditioning Co Ltd
SHG:600202
|
$356.76 Million |
|
Shenzhen Maxonic Auto Control
SHE:300112
|
$356.74 Million |
|
Shenzhen L&A Design Holding Limited
SHE:300949
|
$356.73 Million |
|
Austindo Nusantara Jaya Tbk
JK:ANJT
|
$356.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PrimeEnergy Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 160,950,000 to 202,925,000, a change of 41,975,000 (26.1%).
- Net income of 55,404,000 contributed positively to equity growth.
- Share repurchases of 13,429,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $55.40 Million | +27.3% |
| Share Repurchases | $13.43 Million | -6.62% |
| Total Change | $- | 26.08% |
Book Value vs Market Value Analysis
This analysis compares PrimeEnergy Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 179.11x to 2.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.21 | $216.43 | x |
| 1986-12-31 | $0.72 | $216.43 | x |
| 1987-12-31 | $0.47 | $216.43 | x |
| 1988-12-31 | $0.48 | $216.43 | x |
| 1989-12-31 | $0.79 | $216.43 | x |
| 1990-12-31 | $0.86 | $216.43 | x |
| 1991-12-31 | $0.93 | $216.43 | x |
| 1992-12-31 | $1.08 | $216.43 | x |
| 1993-12-31 | $1.11 | $216.43 | x |
| 1994-12-31 | $1.14 | $216.43 | x |
| 1995-12-31 | $1.14 | $216.43 | x |
| 1996-12-31 | $1.14 | $216.43 | x |
| 1997-12-31 | $1.25 | $216.43 | x |
| 1998-12-31 | $0.80 | $216.43 | x |
| 1999-12-31 | $0.21 | $216.43 | x |
| 2000-12-31 | $1.00 | $216.43 | x |
| 2001-12-31 | $1.61 | $216.43 | x |
| 2002-12-31 | $1.91 | $216.43 | x |
| 2003-12-31 | $3.09 | $216.43 | x |
| 2004-12-31 | $4.26 | $216.43 | x |
| 2005-12-31 | $9.60 | $216.43 | x |
| 2006-12-31 | $13.77 | $216.43 | x |
| 2007-12-31 | $13.14 | $216.43 | x |
| 2008-12-31 | $15.71 | $216.43 | x |
| 2009-12-31 | $11.12 | $216.43 | x |
| 2010-12-31 | $9.03 | $216.43 | x |
| 2011-12-31 | $10.28 | $216.43 | x |
| 2012-12-31 | $13.16 | $216.43 | x |
| 2013-12-31 | $16.69 | $216.43 | x |
| 2014-12-31 | $25.12 | $216.43 | x |
| 2015-12-31 | $27.20 | $216.43 | x |
| 2016-12-31 | $21.63 | $216.43 | x |
| 2017-12-31 | $34.58 | $216.43 | x |
| 2018-12-31 | $37.27 | $216.43 | x |
| 2019-12-31 | $37.17 | $216.43 | x |
| 2020-12-31 | $49.14 | $216.43 | x |
| 2021-12-31 | $36.11 | $216.43 | x |
| 2022-12-31 | $51.77 | $216.43 | x |
| 2023-12-31 | $61.70 | $216.43 | x |
| 2024-12-31 | $80.40 | $216.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PrimeEnergy Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.30%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.69%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.60x
- Recent ROE (27.30%) is above the historical average (6.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -20.69% | -16.22% | 0.63x | 2.03x | $-890.00K |
| 1986 | -68.42% | -68.42% | 0.39x | 2.58x | $-1.49 Million |
| 1987 | -44.44% | -63.16% | 0.51x | 1.37x | $-1.47 Million |
| 1989 | 18.87% | 17.24% | 0.44x | 2.49x | $470.00K |
| 1990 | 19.70% | 13.40% | 0.61x | 2.42x | $640.00K |
| 1991 | 9.68% | 5.45% | 0.61x | 2.92x | $-20.00K |
| 1992 | 16.67% | 7.10% | 0.97x | 2.43x | $480.00K |
| 1993 | 5.41% | 2.33% | 0.84x | 2.77x | $-340.00K |
| 1994 | 7.89% | 3.53% | 0.77x | 2.89x | $-160.00K |
| 1995 | 7.04% | 2.76% | 0.87x | 2.92x | $-210.00K |
| 1996 | 13.85% | 3.90% | 0.70x | 5.06x | $250.00K |
| 1997 | 15.15% | 3.50% | 0.82x | 5.26x | $340.00K |
| 1998 | -47.22% | -7.00% | 0.85x | 7.94x | $-2.06 Million |
| 1999 | -228.91% | -8.50% | 0.83x | 32.63x | $-2.23 Million |
| 2000 | 107.82% | 13.83% | 1.11x | 7.05x | $4.87 Million |
| 2001 | 73.52% | 12.92% | 1.17x | 4.86x | $4.68 Million |
| 2002 | 20.98% | 4.97% | 0.79x | 5.36x | $919.50K |
| 2003 | 42.44% | 11.77% | 0.83x | 4.34x | $4.36 Million |
| 2004 | 39.89% | 11.69% | 0.89x | 3.83x | $5.45 Million |
| 2005 | 65.32% | 34.04% | 0.70x | 2.75x | $21.98 Million |
| 2006 | 32.67% | 19.90% | 0.32x | 5.21x | $12.70 Million |
| 2007 | 14.71% | 5.18% | 0.49x | 5.74x | $2.43 Million |
| 2008 | 0.90% | 0.32% | 0.63x | 4.47x | $-5.45 Million |
| 2009 | -70.09% | -25.21% | 0.43x | 6.44x | $-27.06 Million |
| 2010 | 8.32% | 2.36% | 0.56x | 6.29x | $-555.70K |
| 2011 | 13.46% | 4.00% | 0.65x | 5.17x | $1.24 Million |
| 2012 | 34.06% | 12.87% | 0.51x | 5.16x | $10.64 Million |
| 2013 | 23.09% | 9.66% | 0.52x | 4.57x | $6.96 Million |
| 2014 | 34.56% | 21.32% | 0.48x | 3.38x | $19.22 Million |
| 2015 | -20.32% | -17.08% | 0.33x | 3.61x | $-19.07 Million |
| 2016 | 5.23% | 5.71% | 0.28x | 3.26x | $-3.14 Million |
| 2017 | 41.00% | 47.23% | 0.36x | 2.41x | $31.75 Million |
| 2018 | 13.71% | 12.43% | 0.46x | 2.41x | $3.93 Million |
| 2019 | 3.36% | 3.19% | 0.48x | 2.22x | $-6.86 Million |
| 2020 | -2.36% | -4.42% | 0.26x | 2.05x | $-12.12 Million |
| 2021 | 2.12% | 2.55% | 0.39x | 2.13x | $-7.81 Million |
| 2022 | 34.67% | 52.18% | 0.38x | 1.76x | $34.63 Million |
| 2023 | 17.46% | 22.82% | 0.43x | 1.79x | $12.01 Million |
| 2024 | 27.30% | 23.69% | 0.72x | 1.60x | $35.11 Million |
Industry Comparison
This section compares PrimeEnergy Corporation's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,523,788,582
- Average return on equity (ROE) among peers: -0.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PrimeEnergy Corporation (PNRG) | $213.78 Million | -20.69% | 0.55x | $356.89 Million |
| Amplify Energy Corp (AMPY) | $-1.33 Billion | 0.00% | 0.00x | $225.45 Million |
| AleAnna, Inc. Class A Common Stock (ANNA) | $-14.85 Million | 0.00% | 0.00x | $105.31 Million |
| APA Corporation (APA) | $125.80 Million | -64.31% | 3.01x | $9.63 Billion |
| Antero Resources Corp (AR) | $8.49 Billion | -4.68% | 0.83x | $10.72 Billion |
| Battalion Oil Corp (BATL) | $1.77 Billion | 17.83% | 2.63x | $41.80 Million |
| BKV Corporation (BKV) | $985.14 Million | -4.40% | 0.36x | $3.02 Billion |
| Barnwell Industries Inc (BRN) | $20.47 Million | 11.34% | 1.56x | $11.33 Million |
| Berry Petroleum Corp (BRY) | $172.06 Million | 17.45% | 0.50x | $253.00 Million |
| Black Stone Minerals LP (BSM) | $1.10 Billion | 19.54% | 0.41x | $2.98 Billion |
| Chord Energy Corp (CHRD) | $3.92 Billion | -0.90% | 0.99x | $5.96 Billion |
About PrimeEnergy Corporation
PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contra… Read more