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Management s Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 7A. The Company undertakes no duty to publicly update these statements except as required by law. 4 PrimeEnergy Resources Corporation FORM 10-K ANNUAL REPORT For the Fiscal Year Ended December 31, 2025 PART I Item 1.
16.13% operating margin is respectable but not wide. ROIC at 12.44%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 20.5% YoY. Margins deteriorated 13.8pp alongside, both lines moving the wrong way.
ROIC dropped from 30.11% to 12.44%, capital efficiency is deteriorating. Operating margin contracted 13.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$178M
▼ -20.5% YoY
Net Income (TTM)
$22M
▼ -52.5% YoY
Op. Margin
13.65%
▼ -13.8pp YoY
ROIC
9.93%
▼ -17.7pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$21M
▲ +724.0% YoY
Op. Cash Flow (TTM)
$75M
▼ -16.5% YoY
Net Debt
-$19M
Net Cash Position
Cash & Equiv.
$19M
5Y CAGR: +26.5%
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