PrimeEnergy Historical Income Statement
| PNRG Stock | USD 203.90 0.95 0.47% |
Historical analysis of PrimeEnergy income statement accounts such as Other Operating Expenses of 23.7 M, Operating Income of 103.5 M, EBIT of 36.5 M or Ebitda of 69.7 M can show how well PrimeEnergy performed in making a profits. Evaluating PrimeEnergy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of PrimeEnergy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining PrimeEnergy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether PrimeEnergy is a good buy for the upcoming year.
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About PrimeEnergy Income Statement Analysis
PrimeEnergy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to PrimeEnergy shareholders. The income statement also shows PrimeEnergy investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
PrimeEnergy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts PrimeEnergy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of PrimeEnergy. It is also known as PrimeEnergy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on PrimeEnergy income statement and represents the costs associated with goods and services PrimeEnergy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from PrimeEnergy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into PrimeEnergy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PrimeEnergy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in PrimeEnergy Stock please use our How to Invest in PrimeEnergy guide.At this time, PrimeEnergy's EBIT is most likely to increase significantly in the upcoming years. The PrimeEnergy's current EBITDA is estimated to increase to about 69.7 M, while Interest Expense is projected to decrease to roughly 508.2 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.0M | 909K | 535K | 508.3K | Depreciation And Amortization | 26.3M | 28.1M | 31.7M | 21.2M |
PrimeEnergy income statement Correlations
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PrimeEnergy Account Relationship Matchups
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PrimeEnergy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 36.2M | 28.2M | 26.3M | 28.1M | 31.7M | 21.2M | |
| Interest Expense | 3.6M | 1.9M | 2.0M | 909K | 535K | 508.3K | |
| Total Revenue | 104.8M | 58.4M | 79.6M | 125.1M | 123.1M | 69.7M | |
| Gross Profit | 19.8M | (1.8M) | 13.9M | 48.1M | 72.4M | 76.0M | |
| Other Operating Expenses | 100.7M | 75.2M | 76.1M | 97.2M | 25.0M | 23.7M | |
| Operating Income | 4.1M | (16.8M) | 3.5M | 28.1M | 98.6M | 103.5M | |
| Ebit | 4.1M | (978.0K) | 3.5M | 28.1M | 34.8M | 36.5M | |
| Ebitda | 40.3M | 27.2M | 29.8M | 56.2M | 66.4M | 69.7M | |
| Cost Of Revenue | 85.1M | 60.2M | 65.7M | 77.0M | 50.7M | 42.2M | |
| Total Operating Expenses | 15.6M | 15.0M | 10.4M | 20.2M | 15.6M | 20.3M | |
| Net Income | 3.5M | (2.4M) | 2.1M | 48.7M | 28.1M | 29.5M | |
| Income Tax Expense | 1.4M | (517K) | 2.5M | 10.3M | 6.1M | 6.4M | |
| Income Before Tax | 5.1M | (2.9M) | 4.6M | 59.0M | 34.2M | 35.9M | |
| Total Other Income Expense Net | 939K | (1.9M) | (314K) | (39.1M) | (64.4M) | (61.1M) | |
| Selling General Administrative | 15.6M | 15.0M | 10.4M | 20.2M | 15.6M | 11.8M | |
| Net Income Applicable To Common Shares | 3.5M | (2.3M) | 2.1M | 48.7M | 56.0M | 58.8M | |
| Minority Interest | 183K | (47K) | 28K | (24K) | (21.6K) | (20.5K) | |
| Net Income From Continuing Ops | 3.7M | (2.4M) | 2.1M | 48.7M | 35.6M | 37.4M | |
| Non Recurring | (3.7M) | (4.6M) | (15.8M) | (1.5M) | (1.3M) | (1.4M) | |
| Tax Provision | 1.4M | (517K) | 2.5M | 10.3M | 4.9M | 5.1M | |
| Interest Income | 44K | 19K | 2K | 237K | 515K | 395.6K | |
| Net Interest Income | (3.6M) | (1.9M) | (2.0M) | (672K) | (70K) | (73.5K) | |
| Reconciled Depreciation | 36.2M | 28.2M | 26.3M | 28.1M | 29.5M | 25.4M |
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When determining whether PrimeEnergy is a strong investment it is important to analyze PrimeEnergy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PrimeEnergy's future performance. For an informed investment choice regarding PrimeEnergy Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PrimeEnergy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in PrimeEnergy Stock please use our How to Invest in PrimeEnergy guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PrimeEnergy. If investors know PrimeEnergy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PrimeEnergy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.034 | Earnings Share 23.22 | Revenue Per Share 98.685 | Quarterly Revenue Growth 1.178 | Return On Assets 0.1202 |
The market value of PrimeEnergy is measured differently than its book value, which is the value of PrimeEnergy that is recorded on the company's balance sheet. Investors also form their own opinion of PrimeEnergy's value that differs from its market value or its book value, called intrinsic value, which is PrimeEnergy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PrimeEnergy's market value can be influenced by many factors that don't directly affect PrimeEnergy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PrimeEnergy's value and its price as these two are different measures arrived at by different means. Investors typically determine if PrimeEnergy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PrimeEnergy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.