PrimeEnergy: Q1 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — PrimeEnergy Corp. (PNRG) on Monday reported earnings of $9.1 million in its first quarter.
On a per-share basis, the Houston-based company said it had net income of $3.72.
The investor in the oil and gas industry posted revenue of $50.1 million in the period.
_____
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
2 hours ago
- Hamilton Spectator
Missouri governor signs stadium aid package intended to keep the Chiefs and Royals in the state
KANSAS CITY, Mo. (AP) — Gov. Mike Kehoe signed a legislative package on Saturday, approved by Missouri lawmakers earlier in the week, that includes hundreds of millions of dollars of financial aid intended to persuade the Chiefs and Royals to remain in the state. Kehoe, a Republican, had called lawmakers into special session and they approved of the package Wednesday. The Chiefs and Royals currently play at the Truman Sports Complex on the east side of Kansas City, where Arrowhead Stadium and Kauffman Stadium share parking facilities. But their leases with Jackson County, Missouri, expire in January 2031, and the two franchises have been trying to decide the best route forward for the past several years. Last year, Jackson County voters defeated a sales tax extension that would have helped finance an $800 million renovation of Arrowhead Stadium — the home of the Chiefs — and a $2 billion ballpark district for the Royals in downtown Kansas City. The slow movement by those on the Missouri side of the state line in supporting the franchises prompted lawmakers in Kansas to authorize bonds for up to 70% of the cost of new stadiums in their state. The Royals have bought a mortgage for property in Kansas, though the team also has continued to pursue other possible sites in Missouri. The offer from Kansas is scheduled to expire June 30, and both teams have indicated they will hope to have a plan formulated by then. Missouri's legislation authorizes bonds covering up to 50% of the cost of new or renovated stadiums, plus up to $50 million of tax credits for each stadium and unspecified aid from local governments. If they choose to stay in Missouri, the Chiefs have floated plans for a $1.15 billion renovation of Arrowhead Stadium. The Royals have insisted all along that they intend to build a replacement for Kauffman Stadium. The stadium subsidies already were a top concern in Missouri when a deadly tornado struck St. Louis on May 16, causing an estimated $1.6 billion of damage a day after lawmakers had wrapped up work in their annual regular session. Disaster relief tied to stadium funding had widespread support. On Wednesday, Democratic state Rep. Kimberly-Ann Collins described to lawmakers how she had witnessed the tornado rip the roof off her house and damage her St. Louis neighborhood. 'Homes are crumbled and leveled,' said Collins, adding: 'It hurts me to my core to see the families that have worked so hard, the businesses that have worked so hard, to see them ripped apart.' The Chiefs, in a statement to The Associated Press, described the legislative vote this week as a 'significant step forward' that enables the team to continue exploring options to remain in Missouri. The Royals described the legislation as 'a very important piece of our decision-making process' but made no site-specific commitment. 'Our focus remains the same: to prioritize the best interests of our team, fans, partners and regional community as we pursue the next generational home for the Kansas City Royals,' the team said in a statement to the AP. Though they have no specific plans in the works, the St. Louis Cardinals also would be eligible for stadium aid if they undertake a project of at least $500 million. They built their existing Busch Stadium nearly 20 years ago. 'We have the chance to maybe save what is the symbol of this state,' said state Rep. Jim Murphy, a Republican from St. Louis County. The legislation did face some bipartisan pushback from those who described it as a subsidy for wealthy franchise owners. Others raised concerns that a property tax break for homeowners, which was added in the Senate to gain votes, violates the state constitution by providing different levels of tax relief in various counties while excluding others entirely. 'This bill is unconstitutional, it's fiscally reckless, it's morally wrong,' Republican state Rep. Bryant Wolfin said. ___ Associated Press writer David Lieb contributed to this report. ___ AP sports: Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
San Francisco Chronicle
2 hours ago
- San Francisco Chronicle
Missouri governor signs stadium aid package intended to keep the Chiefs and Royals in the state
KANSAS CITY, Mo. (AP) — Gov. Mike Kehoe signed a legislative package on Saturday, approved by Missouri lawmakers earlier in the week, that includes hundreds of millions of dollars of financial aid intended to persuade the Chiefs and Royals to remain in the state. Kehoe, a Republican, had called lawmakers into special session and they approved of the package Wednesday. The Chiefs and Royals currently play at the Truman Sports Complex on the east side of Kansas City, where Arrowhead Stadium and Kauffman Stadium share parking facilities. But their leases with Jackson County, Missouri, expire in January 2031, and the two franchises have been trying to decide the best route forward for the past several years. Last year, Jackson County voters defeated a sales tax extension that would have helped finance an $800 million renovation of Arrowhead Stadium — the home of the Chiefs — and a $2 billion ballpark district for the Royals in downtown Kansas City. The slow movement by those on the Missouri side of the state line in supporting the franchises prompted lawmakers in Kansas to authorize bonds for up to 70% of the cost of new stadiums in their state. The Royals have bought a mortgage for property in Kansas, though the team also has continued to pursue other possible sites in Missouri. The offer from Kansas is scheduled to expire June 30, and both teams have indicated they will hope to have a plan formulated by then. Missouri's legislation authorizes bonds covering up to 50% of the cost of new or renovated stadiums, plus up to $50 million of tax credits for each stadium and unspecified aid from local governments. If they choose to stay in Missouri, the Chiefs have floated plans for a $1.15 billion renovation of Arrowhead Stadium. The Royals have insisted all along that they intend to build a replacement for Kauffman Stadium. The stadium subsidies already were a top concern in Missouri when a deadly tornado struck St. Louis on May 16, causing an estimated $1.6 billion of damage a day after lawmakers had wrapped up work in their annual regular session. Disaster relief tied to stadium funding had widespread support. On Wednesday, Democratic state Rep. Kimberly-Ann Collins described to lawmakers how she had witnessed the tornado rip the roof off her house and damage her St. Louis neighborhood. 'Homes are crumbled and leveled,' said Collins, adding: 'It hurts me to my core to see the families that have worked so hard, the businesses that have worked so hard, to see them ripped apart.' The Chiefs, in a statement to The Associated Press, described the legislative vote this week as a 'significant step forward' that enables the team to continue exploring options to remain in Missouri. The Royals described the legislation as 'a very important piece of our decision-making process' but made no site-specific commitment. 'Our focus remains the same: to prioritize the best interests of our team, fans, partners and regional community as we pursue the next generational home for the Kansas City Royals,' the team said in a statement to the AP. Though they have no specific plans in the works, the St. Louis Cardinals also would be eligible for stadium aid if they undertake a project of at least $500 million. They built their existing Busch Stadium nearly 20 years ago. 'We have the chance to maybe save what is the symbol of this state,' said state Rep. Jim Murphy, a Republican from St. Louis County. The legislation did face some bipartisan pushback from those who described it as a subsidy for wealthy franchise owners. Others raised concerns that a property tax break for homeowners, which was added in the Senate to gain votes, violates the state constitution by providing different levels of tax relief in various counties while excluding others entirely. ___
San Francisco Chronicle
4 hours ago
- San Francisco Chronicle
First direct flight from US to Greenland since 2008 lands on Trump's birthday
NUUK, Greenland (AP) — The first direct flight from the U.S. to Greenland by an American airline landed in the capital city of Nuuk on Saturday. The United Airlines-operated Boeing 737 Max 8 departed from Newark International Airport in New Jersey at 11:31 a.m. EDT (1531 GMT) and arrived a little over 4 hours later, at 6:39 p.m. local time (1939 GMT), according to the flight-tracking website FlightAware. A seat cost roughly $1,200. Saturday's flight marks the first direct passage between the U.S. and the Arctic Island for nearly 20 years. In 2007, Air Greenland launched a route between Baltimore/Washington International Thurgood Marshall Airport and Kangerlussuaq Airport, some 315 kilometers (196 miles) north of Nuuk. It was scrapped the following year due to cost. The United Airlines flight took place on U.S. President Donald Trump's 79th birthday, which was being celebrated in Washington with a controversial military parade that's part of the Army's long-planned 250th anniversary celebration. Trump has repeatedly said he seeks control of Greenland, a strategic Arctic island that's a semi-autonomous territory of Denmark, and has not ruled out military force. The governments of Denmark, a NATO ally, and Greenland have said it is not for sale and condemned reports of the U.S. stepping up intelligence gathering on the mineral-rich island. United announced the flight in October, before Trump was re-elected. It was scheduled for 2025 to take advantage of the new Nuuk airport, which opened in late November and features a larger runway for bigger jets. 'United will be the only carrier to connect the U.S. directly to Nuuk — the northernmost capital in the world, providing a gateway to world-class hiking and fascinating wildlife under the summer's midnight sun,' the company said in a statement at the time. Saturday's flight kicked off the airline's twice weekly seasonal service, from June to September, between Newark and Nuuk. The plane has around 165 seats. Previously, travelers had to take a layover in Iceland or Copenhagen, Denmark, before flying to Greenland. The new flight is beneficial for the island's business and residents, according to Greenland government minister Naaja Nathanielsen. Tourists will spend money at local businesses, and Greenlanders themselves will now be able to travel to the U.S. more easily, Nathanielsen, the minister for business, mineral resources, energy, justice and gender equality, told Danish broadcaster DR. The route is also an important part of diversifying the island's economy, she said. Fishing produces about 90% of Greenland's exports. Tourism is increasingly important. More than 96,000 international passengers traveled through the country's airports in 2023, up 28% from 2015. Visit Greenland echoed Nathanielsen's comments. The government's tourism agency did not have projections on how much money the new flights would bring to the island. 'We do know that flights can bring in much more than just dollars, and we expect it to have a positive impact -- both for the society and travellers,' Tanny Por, Visit Greenland's head of international relations, told The Associated Press in an email. __
