PrimeEnergy Corp 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Quarterly Period Ended March 31, 2026 Or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Transition Period Fromto Commission File Number 0-7406 PrimeEnergy Resources Corporation(Exact name of registrant as specified in its charter) 84-0637348(I.R.S. employerIdentification No.) Delaware(State or other jurisdiction ofincorporation or organization) 9821 Katy Freeway, Houston, Texas 77024(Address of principal executive offices) (713) 735-0000(Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15 (d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filings required for the past 90 days.Yes☒No☐Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) duringthe preceding 12 months (or for such shorter period that the registrant was required to submit and post suchfiles).Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.LargeAcceleratedFiler☐AcceleratedFiler☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).Yes☐No☒The number of shares outstanding of each class of the Registrant’s Common Stock as of May 11, 2026 was: Common Stock, $0.10 par value 1,618,000 shares. PrimeEnergy Resources CorporationIndex to Form 10-QMarch31, 2026 Definitions of Certain Terms and Conventions Used HereinCautionary Statement Concerning Forward-Looking StatementsPart I—Financial InformationItem1. Financial StatementsCondensed Consolidated Balance Sheets –March 31, 2026 (unaudited) and December31, 20251Condensed Consolidated Statements of Income –For the three months endedMarch 31, 2026 and2025(unaudited)2Condensed Consolidated Statements of Equity –For the three months ended March31, 2026and2025(unaudited)3Condensed Consolidated Statements of Cash Flows –For the three months ended March31, 2026 and2025(unaudited)4Notes to Condensed Consolidated Financial Statements –March31, 2026 (unaudited)5-9Item 2. Management’s Discussion and Analysis of Financial Conditions and Results of Operation10-17Item 3. Quantitative and Qualitative Disclosures About Market Risk17Item4. Controls and Procedures17PartII-Other InformationItem1. Legal Proceedings18Item1A. Risk Factors18Item 2. Unregistered Sales of Equity Securities and Use of Proceeds18Item3. Defaults Upon Senior Securities18Item4. Reserved18Item5. Other Information18Item6. Exhibits19Signatures21 Definitions of Certain Terms and Conventions Used Herein Within this Report, the following terms and conventions have specific meanings: Measurements.●“Bbl”means a standard barrel containing 42 United States gallons. ●“BOE”means a barrel of oil equivalent and is a standard convention used to express oil and gas volumes on acomparable oil equivalent basis. Gas equivalents are determined under the relative energy content method by using theratio of six thousand cubic feet of gas to one Bbl of oil or natural gas liquid.●“BOEPD”means BOE per day.●“Btu”means British thermal unit, which is a measure of the amount of energy required to raise the temperature of onepound of water one degree Fahrenheit.●“MBbl”means one thousand Bbls.●“MBOE”means one thousand BOEs.●“Mcf”means one thousand cubic feet and is a measure of gas volume.●“MMcf”means one million cubic feet.Indices.●“Brent”means Brent oil price, a major trading classification of light sweet oil that serves as a benchmark price for oilworldwide.●“WAHA”is a benchmark pricing hub for West Texas gas.●“WTI”means West Texas Intermediate, a light sweet blend of oil produced from fields in western Texas and is a gradeof oil used as a benchmark in oil pricing. General terms and conventions.●“DD&A”means depletion, depreciation and amortization.●“ESG”means environmental, social and governance.●“GAAP”means accounting principles generally accepted in the United States of America.●“GHG”means