PNRG FY 2006 Earnings Report — PrimeEnergy Resources Corporation Revenue & Financial Results | Market Cap Arena

PrimeEnergy Resources CorporationPNRG

FY 2006 Earnings

Reported April 2, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$92M	—	$76M	—	20.6%
Op. Income	$27M	—	$22M	—	20.9%
Gross Margin	43.0%	—	43.2%	—	-0.2pp
Net Margin	19.9%	—	34.0%	—	-14.1pp
EPS (Diluted)	$4.50	—	$6.27	—	-28.2%
Free Cash Flow	-$89M	—	-$36M	—	-149.4%

Revenue Flow

Item	Amount
REVENUE	$92M
Cost of Revenue	$52M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$12M
Other Expenses	$0
Operating Expenses	$12M
Cost & Expenses	$65M
OPERATING INCOME	$27M
Interest Income	$472.0K
Interest Expense	$2M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$29M
Income Tax Expense	$10M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$14M
EBIT	$31M
EBITDA	$45M
EPS	$6
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$92M
Cost of Revenue	$52M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$12M
Other Expenses	$0
Operating Expenses	$12M
Cost & Expenses	$65M
OPERATING INCOME	$27M
Interest Income	$472.0K
Interest Expense	$2M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$29M
Income Tax Expense	$10M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$14M
EBIT	$31M
EBITDA	$45M
EPS	$6
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$14M
Stock-Based Compensation	$0
Deferred Income Tax	$12M
Other Non-Cash Items	$1M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$32M
Capital Expenditure	-$121M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$118M
Net Debt Issuance	$107M
Common Stock Repurchased	-$7M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$100M
FREE CASH FLOW	-$89M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$25M
Short-Term Investments	$0
Net Receivables	$34M
Inventory	$4M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$72M
PP&E (Net)	$219M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$2.0B
Other Non-Current Assets	-$2.0B
TOTAL NON-CURRENT ASSETS	$220M
TOTAL ASSETS	$292M
Account Payables	$43M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$67M
Long-Term Debt	$136M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$25M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$168M
TOTAL LIABILITIES	$236M
Common Stock	$769.0K
Additional Paid-In Capital	$11M
Retained Earnings	$67M
Treasury Stock	-$28M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$55M
Minority Interest	$1M
TOTAL EQUITY	$56M
TOTAL LIABILITIES & EQUITY	$292M
Total Debt	$136M
Net Debt	$112M