PrimeEnergy cuts workforce 14%, misses capex forecast by 42% as oil prices fall 13%

Filed April 16, 2026 · Period ending December 31, 2025 · Compared to 10-K Apr 15, 2025 · ~1 min read

Key Changes

• high

  Net income halved to $26.3M ($15.85/share) from $55.4M ($31.43/share) in 2024, driven by 16.5% drop in realized oil prices to $63.32/bbl and 10.6% decline in oil production volumes.

  MD&A: Financial Results verify on EDGAR →
• high

  2025 capex came in at $75M vs. $129M forecast (42% shortfall). Company drilled 48 wells instead of planned 43 but spent $54M less, reflecting lower working interests and deferred projects including ConocoPhillips' Schenecker tract program.

  Business: Capital Expenditures verify on EDGAR →
• high

  Operating cash flow declined 17% to $96.7M from $115.9M. Company fully repaid revolving credit facility, restoring $115M availability vs. $17.5M outstanding borrowings in prior year.

  MD&A: Liquidity verify on EDGAR →