Prominence Energy Limited (PRM) AI Stock Analysis

• Market Cap: €1.46M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: N/A
• EPS Growth: 91.52%
• Country: AU
• Employees: 4
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 486,470,500
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 24 Underperform
• Price Target: ―

Prominence Energy Limited's overall stock score is severely impacted by its weak financial performance, characterized by no revenue generation, ongoing losses, and negative cash flow. The absence of technical analysis data and a negative P/E ratio further highlight the challenges faced by the company. Immediate strategic improvements are essential to enhance its financial health and operational viability.

Prominence Energy Limited Business Overview & Revenue Model

Company Description

Prominence Energy Ltd engages in the exploration, development, and production of oil and gas projects in Australia and the United States. It holds a 100% working interest in Bowsprit oil project comprising 635 net acres located in the Breton sound area of Louisiana; and 12.5% interest in exploration permit WA-519-P located on the Northwest Shelf, Australia. The company was formerly known as Sun Resources NL and changed its name to Prominence Energy NL in December 2019. Prominence Energy Ltd was incorporated in 1986 and is headquartered in West Perth, Australia.

How the Company Makes Money

Prominence Energy Limited generates revenue primarily through the exploration and extraction of oil and gas resources. The company identifies potential hydrocarbon-rich sites, conducts exploratory drilling, and, upon successful discovery, develops these sites into productive wells. Revenue streams are generated through the sale of extracted crude oil and natural gas to refineries, distributors, and other commercial buyers. Key factors contributing to PRM's earnings include the global demand for energy resources, fluctuating commodity prices, and strategic partnerships with other oil and gas companies for joint ventures and technological collaborations to improve extraction efficiency and resource management.

Prominence Energy Limited Financial Statement Overview

Summary

Prominence Energy Limited is facing severe financial challenges with no revenue generation, substantial losses, and inadequate cash flow. The company’s reliance on financing activities for cash inflow highlights sustainability issues. Immediate strategic changes are necessary to improve the financial health and operational performance.

Income Statement

Prominence Energy Limited shows consistent negative net income and EBIT over the years, with no revenue generation, indicating significant financial distress and lack of operational income. The company has not demonstrated revenue growth, which is concerning for its financial sustainability.

Balance Sheet

The company has managed to improve its equity position significantly from negative equity in 2020 to positive in subsequent years. However, the low equity ratio and the presence of liabilities indicate potential solvency issues. Overall, the balance sheet shows a weak financial position with limited assets.

Cash Flow

Cash flow analysis reveals negative free cash flow consistently, suggesting that the company is struggling to generate sufficient cash from its operations. Although there have been inflows from financing activities, the inability to generate positive operating cash flow is a significant concern.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-946.00	0.00	0.00	0.00	-6.28K
EBITDA	-1.24M	7.78M	-10.55M	-736.00K	-907.00K
Net Income	-7.84M	-980.00K	-10.71M	1.21M	-1.04M
Balance Sheet
Total Assets	2.35M	8.13M	9.33M	4.15M	1.24M
Cash, Cash Equivalents and Short-Term Investments	1.13M	747.43K	2.81M	2.67M	58.50K
Total Debt	22.28K	0.00	0.00	4.33K	1.38M
Total Liabilities	517.52K	612.94K	843.52K	1.27M	3.44M
Stockholders Equity	1.83M	7.52M	8.49M	2.88M	-2.20M
Cash Flow
Free Cash Flow	-1.65M	-2.29M	-13.42M	-1.16M	-1.05M
Operating Cash Flow	―	-952.24K	-894.63K	-837.80K	-724.40K
Investing Cash Flow	-728.91K	-1.13M	-12.62M	-319.74K	-321.85K
Financing Cash Flow	2.06M	2.08M	13.33M	3.77M	1.06M

Prominence Energy Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STO	65 Neutral	AU$22.36B	14.14	7.88%	5.33%	-5.81%	-17.90%
BPT	60 Neutral	AU$2.71B	-61.98	-1.39%	7.53%	17.16%	90.79%
BAS	51 Neutral	AU$10.22M	-22.86	-5.63%	―	7.09%	-275.00%
CVN	47 Neutral	AU$173.54M	48.50	―	―	―	―
EXR	44 Neutral	AU$69.98M	-1.52	―	―	-100.00%	-2093.33%
PRM	24 Underperform	€1.46M	―	-116.19%	―	―	91.52%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Prominence Energy Limited Corporate Events

Prominence Energy Ltd Releases Interim Financial Report

Prominence Energy Ltd has released its interim financial report for the period ending 31 December 2024. The report provides stakeholders with an overview of the company’s financial status and operational highlights, reflecting its strategic positioning within the energy industry. This announcement is crucial for investors and stakeholders as it offers insights into the company’s performance and future prospects.

Prominence Energy Initiates Bowsprit-1 Site Abandonment

Prominence Energy Limited has commenced the abandonment and site remediation of the Bowsprit-1 Project Lease, following the decision to relinquish the lease. The company has appointed Petroleum Coordinators Inc. to manage the project, with Select Oilfield Services LLC and Gulf Inland Inc. assisting in the plug and abandonment operations, ensuring an efficient and safe process.