Primeenergy Resources's Corporate Customers have recorded a growth in their cost of revenue by 67.54 % in the 2 quarter 2026 year on year, sequentially costs of revenue grew by 25.98 %. During the corresponding time, Primeenergy Resources Corporation recorded a revenue increase by 1.17 % year on year, sequentially revenue grew by 7.79 %. While revenue at the Primeenergy Resources Corporation's corporate clients recorded rose by 36.04 % year on year, sequentially revenue grew by 17.53 %.
Primeenergy Resources's Customers have recorded a growth in their cost of revenue by 67.54 % in the 2 quarter 2026 year on year, sequentially costs of revenue grew by 25.98 %, for the same period Primeenergy Resources Corporation recorded revenue increase by 1.17 % year on year, sequentially revenue grew by 7.79 %.
Primeenergy Resources's Comment on Sales, Marketing and Customers
The Company sells its oil and gas production to direct purchasers under direct contracts or through other operators under joint operating agreements. In 2025, major purchasers of oil were DE Central Operating, LLC (53%), Civitas Resources Inc. (12%), and APA Corporation (18%). For natural gas and liquids, major purchasers included DE Central Operating, LLC (40%), Civitas Resources Inc. (26%), and APA Corporation (15%). The Company does not have long-term purchasing agreements but anticipates that these purchasers will continue buying or can be replaced. As of December 31, 2025, the Company employed 67 full-time employees located in Houston, Texas; Midland, Texas; and Elmore City and Oklahoma City, Oklahoma.
News about Primeenergy Resources Corporation Contracts
PrimeEnergy Reports Increased Production, Higher Revenue, and Strategic Share Repurchases in Q1 2025 In a climate marked by volatility across various sectors of the energy market, PrimeEnergy Resources Corporation (NASDAQ: PNRG) has emerged as a beacon of resilience in its first-quarter 2025 report. The Houston-based energy firm showcased its operational momentum through increased oil and gas production, culminating in a notable 16.4% year-over-year revenue growth. However, while earnings per share (EPS) fell compared to Q1 2024 levels, the company has taken significant steps towards enhancing shareholder value through strategic share repurchases.Amidst this backdrop of growth, it is essential to contextual...
Primeenergy Resources’s Comment on Sales, Marketing and Customers
The Company sells its oil and gas production to direct purchasers under direct contracts or through other operators under joint operating agreements. In 2025, major purchasers of oil were DE Central Operating, LLC (53%), Civitas Resources Inc. (12%), and APA Corporation (18%). For natural gas and liquids, major purchasers included DE Central Operating, LLC (40%), Civitas Resources Inc. (26%), and APA Corporation (15%). The Company does not have long-term purchasing agreements but anticipates that these purchasers will continue buying or can be replaced. As of December 31, 2025, the Company employed 67 full-time employees located in Houston, Texas; Midland, Texas; and Elmore City and Oklahoma City, Oklahoma.
Sources:
Primeenergy Resources Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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