PrimeEnergy Gross Profit from 2010 to 2024

PNRG Stock  USD 114.00  4.51  4.12%   
PrimeEnergy's Gross Profit is decreasing over the last several years with very volatile swings. Gross Profit is predicted to flatten to about 26.5 M. Gross Profit is the profit PrimeEnergy makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals
 
Gross Profit  
First Reported
1985-09-30
Previous Quarter
12.8 M
Current Value
12.1 M
Quarterly Volatility
7.4 M
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check PrimeEnergy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PrimeEnergy main balance sheet or income statement drivers, such as Depreciation And Amortization of 21.2 M, Interest Expense of 508.2 K or Total Revenue of 69.7 M, as well as many exotic indicators such as Price To Sales Ratio of 1.01, Dividend Yield of 0.0314 or PTB Ratio of 1.16. PrimeEnergy financial statements analysis is a perfect complement when working with PrimeEnergy Valuation or Volatility modules.
  
This module can also supplement various PrimeEnergy Technical models . Check out the analysis of PrimeEnergy Correlation against competitors.
For more detail on how to invest in PrimeEnergy Stock please use our How to Invest in PrimeEnergy guide.

Latest PrimeEnergy's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of PrimeEnergy over the last few years. Gross profit is a required income statement account that reflects total revenue of PrimeEnergy minus its cost of goods sold. It is profit before PrimeEnergy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. PrimeEnergy's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in PrimeEnergy's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 88.22 M10 Years Trend
Very volatile
   Gross Profit   
       Timeline  

PrimeEnergy Gross Profit Regression Statistics

Arithmetic Mean24,669,559
Coefficient Of Variation95.44
Mean Deviation19,644,255
Median26,513,385
Standard Deviation23,545,653
Sample Variance554.4T
Range79.8M
R-Value(0.08)
Mean Square Error593.7T
R-Squared0.01
Significance0.79
Slope(396,837)
Total Sum of Squares7761.6T

PrimeEnergy Gross Profit History

202426.5 M
202340.7 M
202248.1 M
202113.9 M
2020-1.8 M
201919.8 M
201830.9 M

Other Fundumenentals of PrimeEnergy

PrimeEnergy Gross Profit component correlations

0.70.090.790.680.650.48-0.040.29-0.790.13-0.70.860.020.54-0.040.560.120.56-0.53-0.530.01-0.04-0.43
0.7-0.620.990.37-0.080.29-0.28-0.2-0.61-0.59-0.260.420.250.88-0.640.70.510.76-0.72-0.73-0.080.2-0.65
0.09-0.62-0.520.160.77-0.040.220.37-0.050.99-0.370.41-0.4-0.60.84-0.39-0.55-0.390.360.370.15-0.230.51
0.790.99-0.520.430.060.34-0.25-0.09-0.67-0.49-0.40.520.220.85-0.560.750.460.77-0.73-0.74-0.10.15-0.64
0.680.370.160.430.610.480.270.5-0.660.2-0.410.63-0.040.41-0.020.230.220.08-0.07-0.070.36-0.04-0.09
0.65-0.080.770.060.610.390.240.56-0.530.8-0.710.8-0.19-0.090.560.05-0.310.0-0.02-0.010.22-0.170.21
0.480.29-0.040.340.480.390.290.43-0.410.05-0.310.290.710.320.02-0.01-0.040.07-0.08-0.080.170.430.03
-0.04-0.280.22-0.250.270.240.290.53-0.140.2-0.070.010.2-0.260.05-0.33-0.12-0.270.240.240.120.160.3
0.29-0.20.37-0.090.50.560.430.53-0.080.41-0.40.230.02-0.320.33-0.06-0.38-0.320.320.33-0.05-0.30.03
-0.79-0.61-0.05-0.67-0.66-0.53-0.41-0.14-0.08-0.040.59-0.83-0.17-0.660.32-0.42-0.42-0.560.560.57-0.21-0.360.03
0.13-0.590.99-0.490.20.80.050.20.41-0.04-0.360.4-0.35-0.590.88-0.41-0.58-0.430.40.410.15-0.250.46
-0.7-0.26-0.37-0.4-0.41-0.71-0.31-0.07-0.40.59-0.36-0.820.05-0.21-0.07-0.570.04-0.490.510.50.1-0.01-0.08
0.860.420.410.520.630.80.290.010.23-0.830.4-0.82-0.140.40.080.460.090.52-0.53-0.520.210.060.02
0.020.25-0.40.22-0.04-0.190.710.20.02-0.17-0.350.05-0.140.34-0.31-0.10.230.05-0.06-0.070.080.730.12
0.540.88-0.60.850.41-0.090.32-0.26-0.32-0.66-0.59-0.210.40.34-0.720.660.640.74-0.72-0.730.270.39-0.29
-0.04-0.640.84-0.56-0.020.560.020.050.330.320.88-0.070.08-0.31-0.72-0.53-0.72-0.60.60.610.02-0.380.23
0.560.7-0.390.750.230.05-0.01-0.33-0.06-0.42-0.41-0.570.46-0.10.66-0.530.390.81-0.78-0.78-0.03-0.13-0.43
0.120.51-0.550.460.22-0.31-0.04-0.12-0.38-0.42-0.580.040.090.230.64-0.720.390.35-0.34-0.360.180.37-0.11
0.560.76-0.390.770.080.00.07-0.27-0.32-0.56-0.43-0.490.520.050.74-0.60.810.35-1.0-1.0-0.020.22-0.3
-0.53-0.720.36-0.73-0.07-0.02-0.080.240.320.560.40.51-0.53-0.06-0.720.6-0.78-0.34-1.01.0-0.01-0.260.22
-0.53-0.730.37-0.74-0.07-0.01-0.080.240.330.570.410.5-0.52-0.07-0.730.61-0.78-0.36-1.01.0-0.01-0.270.23
0.01-0.080.15-0.10.360.220.170.12-0.05-0.210.150.10.210.080.270.02-0.030.18-0.02-0.01-0.010.160.44
-0.040.2-0.230.15-0.04-0.170.430.16-0.3-0.36-0.25-0.010.060.730.39-0.38-0.130.370.22-0.26-0.270.160.43
-0.43-0.650.51-0.64-0.090.210.030.30.030.030.46-0.080.020.12-0.290.23-0.43-0.11-0.30.220.230.440.43
Click cells to compare fundamentals

About PrimeEnergy Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include PrimeEnergy income statement, its balance sheet, and the statement of cash flows. PrimeEnergy investors use historical funamental indicators, such as PrimeEnergy's Gross Profit, to determine how well the company is positioned to perform in the future. Although PrimeEnergy investors may use each financial statement separately, they are all related. The changes in PrimeEnergy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on PrimeEnergy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on PrimeEnergy Financial Statements. Understanding these patterns can help to make the right decision on long term investment in PrimeEnergy. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Gross Profit40.7 M26.5 M
Gross Profit Margin 0.33  0.41 

Currently Active Assets on Macroaxis

When determining whether PrimeEnergy is a strong investment it is important to analyze PrimeEnergy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PrimeEnergy's future performance. For an informed investment choice regarding PrimeEnergy Stock, refer to the following important reports:
Check out the analysis of PrimeEnergy Correlation against competitors.
For more detail on how to invest in PrimeEnergy Stock please use our How to Invest in PrimeEnergy guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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When running PrimeEnergy's price analysis, check to measure PrimeEnergy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PrimeEnergy is operating at the current time. Most of PrimeEnergy's value examination focuses on studying past and present price action to predict the probability of PrimeEnergy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PrimeEnergy's price. Additionally, you may evaluate how the addition of PrimeEnergy to your portfolios can decrease your overall portfolio volatility.
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Is PrimeEnergy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PrimeEnergy. If investors know PrimeEnergy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PrimeEnergy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
7.321
Earnings Share
14.26
Revenue Per Share
78.586
Quarterly Revenue Growth
0.904
Return On Assets
0.0833
The market value of PrimeEnergy is measured differently than its book value, which is the value of PrimeEnergy that is recorded on the company's balance sheet. Investors also form their own opinion of PrimeEnergy's value that differs from its market value or its book value, called intrinsic value, which is PrimeEnergy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PrimeEnergy's market value can be influenced by many factors that don't directly affect PrimeEnergy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PrimeEnergy's value and its price as these two are different measures arrived at by different means. Investors typically determine if PrimeEnergy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PrimeEnergy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.