PRIMEENERGY RESOURCES CORP
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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 was no purchase 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 nine months ended September 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 | $102.74 | 268,585 |
| February | 6,711 | $96.54 | 261,874 |
| March | 18,085 | $92.96 | 243,789 |
| April | 2,452 | $101.39 | 241,337 |
| May | 2,972 | $105.50 | 238,365 |
| June | 22,767 | $100.82 | 215,598 |
| July | 7,505 | $117.67 | 208,093 |
| August | 12,079 | $129.14 | 196,014 |
| September | 15,500 | $134.87 | 180,514 |
| Total/Average | 93,130 | $109.95 |
| (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 September 30, 2024, a total of 3,819,486 shares have been repurchased under this program for $100,227,444 at an average price of $26.24 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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