PROP
Prairie Operating Co.1.6800
+0.0100+0.6%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
100.21MP/E (TTM)
-Basic EPS (TTM)
-2.08Dividend Yield
0%Recent Filings
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
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.
8-K
8-K
Exec pay realigned to market
Prairie Operating Co. amended employment agreements for CEO Ed Kovalik, President Gary C. Hanna, and EVP/CFO Gregory S. Patton, effective August 13, 2025, boosting base salaries retroactive to January 1, 2025—Kovalik to $750,000 from $550,000, Hanna to $675,000 from $550,000, and Patton to $550,000—while slashing target bonuses to 125% of base for the top two from 250%, and 100% for Patton. These tweaks, guided by consultant Zayla, align pay with market norms, yet executives gain enhanced severance: up to 4x total comp post-change of control. Leadership stays locked in.
8-K
Explosive Q2 growth via acquisition
Prairie Operating Co. reported explosive Q2 2025 results, with revenue surging to $68.1 million and production hitting a record 21,052 Boe/d—up 400% and 540% from Q1, fueled by the $600 million Bayswater acquisition. Adjusted EBITDA climbed over 600% to $38.6 million, while net income reached $48.5 million. Acquisitions ramped operations fast. Growth demands tight cost controls.
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