Latest news with #ConnieNg
Yahoo
20-05-2025
- Business
- Yahoo
PrimeEnergy Reports Increased Production, Higher Revenue, and Strategic Share Repurchases in Q1 2025
HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) today announced first quarter 2025 results, with continued growth in oil and gas production supporting a 16.4% increase in revenue year-over-year. While earnings per share declined compared to Q1 2024, the Company highlighted significant shareholder returns and operational momentum. Key Highlights – Q1 2025 vs Q1 2024• Revenue: $50.1 million ↑ 16.4% • Oil Production: 457,000 barrels ↑ 6.0% • Natural Gas Production: 2.39 Bcf ↑ 106.6% • NGL Production: 454,000 barrels ↑ 120.4% • Net Income: $9.1 million ↓ 19.3% • Diluted EPS: $3.72 ↓ 15.7% • Share Buyback 2025: 47,970 shares repurchased at a cost of $9.17 million Since initiating its share repurchase program, PrimeEnergy has returned a total of $112.6 million to shareholders through stock repurchases. As of May 19, 2025, the Company's outstanding share count was 2,428,000, inclusive of vested options. Total assets were $339.3 million at quarter-end, up from $324.6 million as of December 31, 2024. 'Our Q1 results reflect a continuation of strong operational momentum with significant growth in natural gas and NGL volumes,' said Beverly Cummings, CFO of PrimeEnergy. 'We are also returning capital to shareholders through our buyback program, demonstrating confidence in our long-term value.' PrimeEnergy Resources is an independent oil and natural gas company engaged in the acquisition, development, and production of hydrocarbons, primarily in Texas. The Company's common stock trades on the NASDAQ under the symbol PNRG. For investor inquiries, contact: Connie Ng – (713) 735-0000 ext. 6416 Forward-Looking StatementsThis Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
PrimeEnergy Reports Increased Production, Higher Revenue, and Strategic Share Repurchases in Q1 2025
HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) today announced first quarter 2025 results, with continued growth in oil and gas production supporting a 16.4% increase in revenue year-over-year. While earnings per share declined compared to Q1 2024, the Company highlighted significant shareholder returns and operational momentum. Key Highlights – Q1 2025 vs Q1 2024• Revenue: $50.1 million ↑ 16.4% • Oil Production: 457,000 barrels ↑ 6.0% • Natural Gas Production: 2.39 Bcf ↑ 106.6% • NGL Production: 454,000 barrels ↑ 120.4% • Net Income: $9.1 million ↓ 19.3% • Diluted EPS: $3.72 ↓ 15.7% • Share Buyback 2025: 47,970 shares repurchased at a cost of $9.17 million Since initiating its share repurchase program, PrimeEnergy has returned a total of $112.6 million to shareholders through stock repurchases. As of May 19, 2025, the Company's outstanding share count was 2,428,000, inclusive of vested options. Total assets were $339.3 million at quarter-end, up from $324.6 million as of December 31, 2024. 'Our Q1 results reflect a continuation of strong operational momentum with significant growth in natural gas and NGL volumes,' said Beverly Cummings, CFO of PrimeEnergy. 'We are also returning capital to shareholders through our buyback program, demonstrating confidence in our long-term value.' PrimeEnergy Resources is an independent oil and natural gas company engaged in the acquisition, development, and production of hydrocarbons, primarily in Texas. The Company's common stock trades on the NASDAQ under the symbol PNRG. For investor inquiries, contact: Connie Ng – (713) 735-0000 ext. 6416 Forward-Looking StatementsThis Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those in to access your portfolio
Yahoo
23-02-2025
- Business
- Yahoo
Molfix Diapers Triumphs at the 2024 BabyTalk & MamaPapa and Natural Health Awards as Malaysia's Trusted Choice for Baby Care Excellence
Molfix Diapers wins at the BabyTalk & MamaPapa and Natural Health Magazine 2024 Awards, recognized for exceptional quality, innovation, and sustainability. With bamboo and organic cotton, it ensures comfort, safety, and eco-friendliness, making it a trusted choice for Malaysian parents. Federal Territory of Kuala Lumpur, Malaysia--(Newsfile Corp. - February 22, 2025) - Hayat Hygienic Products Malaysia Sdn Bhd proudly announces Molfix Diapers' remarkable recognition at the prestigious BabyTalk & MamaPapa and Natural Health Magazine 2024 Awards. Celebrated for its exceptional quality and unwavering commitment to innovation in baby care, Molfix has captured the hearts of Malaysian parents and earned the admiration of industry experts alike. The awards ceremony, hosted in the vibrant city of Kuala Lumpur, spotlighted leading brands that exemplify excellence in health, wellness, and sustainability. Molfix Diapers emerged as a distinguished winner, reaffirming its position as a household name in baby care. The brand's steadfast dedication to prioritising the comfort, safety, and well-being of babies has made it the go-to choice for parents across Malaysia. Molfix Diapers Triumphs at the 2024 BabyTalk & MamaPapa and Natural Health Awards as Malaysia's Trusted Choice for Baby Care ExcellenceTo view an enhanced version of this graphic, please visit: Accepting the award on behalf of Hayat Hygienic Products Malaysia, Ms Connie Ng, Senior Brand Manager, shared heartfelt words of gratitude: "This prestigious award from Natural Health Magazine is a testament to our unwavering commitment to creating products that not only exceed parents' expectations but also meet the delicate needs of babies. At Hayat, our team is devoted to ensuring that every product we create promotes safety, comfort, and sustainability. We deeply appreciate the recognition from Natural Health Magazine and, most importantly, the trust of parents who rely on Molfix to care for their little ones." Molfix Diapers has set a new benchmark in baby care through its innovative approach. The brand is recognised for its unmatched absorbency, designed to keep babies dry and comfortable for up to 14 hours. The incorporation of natural bamboo enhances the diapers' absorbent properties while remaining gentle on delicate skin. The use of organic cotton in the top layer ensures a soft, irritation-free experience, making Molfix an ideal choice for babies with sensitive skin. Additionally, Molfix Diapers align with the growing demand for sustainable, toxin-free baby care products by utilising eco-friendly materials such as bamboo and organic cotton. The BabyTalk & MamaPapa and Natural Health Magazine Awards are highly anticipated annual events that celebrate brands making a meaningful impact on families' quality of life. Molfix's win underscores its pioneering efforts in delivering high-performance, eco-friendly baby products that parents can trust. By blending sustainability with cutting-edge technology, Molfix has solidified its reputation as a leader in the natural diaper category. About Molfix DiapersMolfix Diapers, a flagship brand under Hayat Kimya, is trusted by parents worldwide for its innovative approach to baby care. With a presence in over 100 countries, Molfix continues to set the standard in diaper quality, providing comfort and reliability for families everywhere. For more information, visit About Hayat Hygienic Products Malaysia Sdn BhdHayat Hygienic Products Malaysia Sdn Bhd, a subsidiary of Hayat Kimya, specialises in baby care, hygiene, and home care products. Dedicated to innovation, sustainability, and customer satisfaction, Hayat Malaysia is committed to enhancing the lives of families with premium solutions. About BabyTalkBabyTalk, Malaysia's leading baby, pregnancy, and parenting magazine since 2012, has been a trusted resource for parents and parents-to-be. Offering expert advice, the latest products, and essential parenting tips, it caters to both new and experienced mothers. Now an integrated media platform across digital, print, and social and reaching more than 200,000 readers every month, BabyTalk remains the go-to guide for informed parenting decisions. To view the complete list of winners of BabyTalk & MamaPapa Readers' Choice Awards 2024, please visit: Natural Health MagazineNatural Health Magazine is Malaysia's leading media platform for healthy and holistic living, reaching more than 120,000 readers every month on digital, print, and social media platforms. It offers comprehensive resources covering health, beauty, wellness, home, and living, empowering readerswith expert advice and practical tips. To view the complete list of winners of Natural Health & 健康时尚 Readers' Choice Awards 2024, please visit: Contact Info:Name: Sharmini HrirkerisnanEmail: info@ Hayat Hygienic Products Malaysia Sdn BhdWebsite: To view the source version of this press release, please visit Sign in to access your portfolio
