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PrimeEnergy Corporation Announces Second Quarter Results

PrimeEnergy Corporation (NASDAQ: PNRG) announced today the following unaudited results for the periods ended June 30, 2013 and 2012:

           
Three Months Ended June 30, Six Months Ended June 30,
           

Increase /

           

Increase /

2013 2012

(Decrease)

2013 2012

(Decrease)

Revenues (In 000’s) $ 37,280 $ 37,426 $ (146 ) $ 64,250 $ 64,133 $ 117
Net Income (In 000’s) $ 6,094 $ 7,423 $ (1,329 ) $ 8,352 $ 8,746 $ (394 )
Earnings per Common Share:
Basic $ 2.51 $ 2.81 $ (0.30 ) $ 3.39 $ 3.28 $ 0.11
Diluted $ 1.92 $ 2.20 $ (0.28 ) $ 2.61 $ 2.57 $ 0.04
Shares Used in Calculation of:

Basic EPS

2,432,717 2,637,825 (205,108 ) 2,465,740 2,664,934 (199,194 )
Diluted EPS 3,175,947 3,371,904 (195,957 ) 3,205,062 3,398,199 (193,137 )
 

Total assets at June 30, 2013 were $236,748,000 compared to $228,086,000 at December 31, 2012.

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