PROP
Prairie Operating Co.1.6800
+0.0100+0.6%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
100.21MP/E (TTM)
-Basic EPS (TTM)
-2.08Dividend Yield
0%Recent Filings
8-K
8-K
CEO resigns, interim named
Prairie Operating Co. saw CEO Edward Kovalik resign and President Gary Hanna retire on March 2, 2026, triggering $2.5M severance for Kovalik and $675K bonus for Hanna, plus accelerated RSU vesting but forfeited PSUs for Kovalik. Board named director Richard Frommer interim President and CEO while hunting a permanent replacement; Erik Thoresen took Chairman role. Both ex-execs assigned Genesis/Exok overriding royalties back. Interim leadership stabilizes operations.
8-K
Record Q3 output, strong EBITDA
Prairie Operating hit record Q3 production of 23,029 Boe/d (52% oil), up 10% quarter-over-quarter, with revenue at $77.7M and Adjusted EBITDA soaring 45% to $56.3M despite a $22.5M net loss. Current output hit 27,000 Boe/d post-Bayswater transition and bolt-on buys adding 11 drilling spots. Guidance holds: 24,000-26,000 Boe/d, $260M-$280M capex.
10-Q
Q3 FY2025 results
Prairie Operating Co. ramped revenues to $77.7M in Q3 ended September 30, 2025, up from zero a year ago (derived), on 2,120 MBoe production from DJ Basin assets, with operating income of $27.0M versus a $8.8M loss. Yet net income swung to a $22.5M common loss from fair-value hits on embedded derivatives, debt, and warrants exceeding operating gains by over 20%. Cash hit $10.6M, with $58M revolver availability against $417M drawn; free cash flow not disclosed in the 10-Q. Bayswater closed March 2025 for $489.5M (cash/stock per Note 3), recognizing $516.6M oil/gas properties. Acquisitions fuel growth. Commodity price volatility stalks returns.
8-K
Switches to Deloitte as auditor
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