PrimeEnergy Corporation Announces Third Quarter Results

PrimeEnergy Corporation (NASDAQ: PNRG) announced today the following unaudited results for the periods ended September 30, 2012 and 2011:
  Three Months Ended September 30,   Nine Months Ended September 30,
2012   2011   Increase / (Decrease) 2012   2011   Increase / (Decrease)
Revenues (In 000’s) $ 26,260 $ 46,140 $ (19,880 ) $ 90,393 $ 100,420 $ (10,027 )
Net Income (In 000’s) $ 1,342 $ 4,273 $ (2,931 ) $ 10,088 $ 5,093 $ 4,995
Earnings per Common Share:
Basic $ 0.51 $ 1.56 $ (1.05 ) $ 3.81 $ 1.85 $ 1.96
Diluted $ 0.40 $ 1.23 $ (0.83 ) $ 2.98 $ 1.46 $ 1.52
Shares Used in Calculation of:
Basic EPS 2,608,319 2,744,177 (135,858 ) 2,645,924 2,758,388 (112,464 )
Diluted EPS 3,345,481 3,474,794 (129,313 ) 3,380,604 3,491,451 (110,847 )

Total assets at September 30, 2012 were $212,247,000 compared to $184,812,000 at December 31, 2011.

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