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PrimeEnergy Corporation Announces Third Quarter Results

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

    Three Months Ended September 30,     Nine Months Ended September 30,
        Increase /         Increase /
2013 2012 (Decrease) 2013 2012 (Decrease)
Revenues (In 000’s) $ 29,980 $ 26,260 $ 3,720 $ 94,230 $ 90,393 $ 3,837
Net Income (In 000’s) $ 2,232 $ 1,342 $ 890 $ 10,584 $ 10,088 $ 496
Earnings per Common Share:
Basic $ 0.92 $ 0.51 $ 0.41 $ 4.32 $ 3.81 $ 0.51
Diluted $ 0.71 $ 0.40 $ 0.31 $ 3.32 $ 2.98 $ 0.34
Shares Used in Calculation of:
Basic EPS 2,415,303 2,608,319 (193,016 ) 2,448,743 2,645,924 (197,181 )
Diluted EPS 3,164,967 3,345,481 (180,514 ) 3,192,709 3,380,604 (187,895 )
 

Total assets at September 30, 2013 were $238,497,000 compared to $228,086,000 at December 31, 2012.

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