PRIMEENERGY RESOURCES CORP
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
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Item 1A. RISK FACTORS
The Company is a smaller reporting company and no response is required pursuant to this Item.
There were no sales of equity securities by the Company during the period covered by this report. The following table details the Company’s purchase of shares for the six months ended June 30, 2024.
| 2024 Month | Number of Shares | Average Price Paid per share | Maximum Number of Shares that May Yet Be Purchased Under The Program at Month—End (1) |
|---|---|---|---|
| January | 5,059 | $101.73 | 268,585 |
| February | 6,711 | $95.58 | 261,874 |
| March | 18,085 | $92.04 | 243,789 |
| April | 2,452 | $101.39 | 241,337 |
| May | 2,972 | $105.50 | 238,365 |
| June | 22,767 | $100.82 | 215,598 |
| Total/Average | 58,046 | $98.31 |
| (1) | In December 1993, we announced that the Board of Directors authorized a stock repurchase program whereby we may purchase outstanding shares of the common stock from time-to-time, in open market transactions or negotiated sales. On October 31, 2012, June 13, 2018 and June 7, 2023, the Board of Directors of the Company approved an additional 500,000, 200,000 and 300,000 shares respectively, of the Company’s stock to be included in the stock repurchase program. A total of 4,000,000 shares have been authorized to date under this program. Through June 30, 2024, a total of 3,784,402 shares have been repurchased under this program for $95,693,954 at an average price$25.29 per share. Additional purchases of shares may occur as market conditions warrant. We expect future purchases will be funded with internally generated cash flow or from working capital. |
| Item 3. | DEFAULTS UPON SENIOR SECURITIES |
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None
| Item 4. | RESERVED |
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