Prairie Operating Co. Reports $77.7 Million in Quarterly Revenues, Achieves Net Income of $1.3 Million

Prairie Operating Co. reported significant financial growth in its latest quarterly filing, with total revenues reaching $77.7 million for the three months ended September 30, 2025, compared to no revenues in the same period last year. For the nine months ending September 30, 2025, revenues totaled $158.6 million, driven primarily by crude oil sales of $133.6 million, natural gas sales of $14.1 million, and NGL sales of $10.9 million. The company attributed this increase to the successful integration of assets acquired from the Bayswater Acquisition, which closed on March 26, 2025.

The company’s operating expenses also rose significantly, totaling $50.7 million for the third quarter and $110.9 million for the nine-month period, compared to $8.8 million and $25.4 million, respectively, in the prior year. This increase was largely due to higher lease operating expenses, transportation and processing costs, and general administrative expenses, reflecting the expanded operational scale following recent acquisitions. Notably, Prairie Operating Co. reported a net income of $1.3 million for the third quarter, a stark contrast to a net loss of $11.4 million in the same quarter of 2024.

Strategically, Prairie Operating Co. has been active in expanding its asset base through acquisitions. The company completed the Bayswater Acquisition for approximately $602.8 million, funded through a combination of cash, stock issuance, and borrowings under its credit facility. Additionally, the company executed the Edge Acquisition for $12.5 million, acquiring 47 wells on approximately 11,000 net acres. These acquisitions are expected to enhance production capabilities and contribute to future revenue growth.

Operationally, Prairie Operating Co. has made strides in increasing production volumes, reporting an average daily production of 23,029 Boe/d for the third quarter of 2025. The company’s total production for the nine months ended September 30, 2025, was 4.3 million Boe, reflecting the contributions from the newly acquired assets. The company also reported a working capital deficit of $24 million as of September 30, 2025, but maintains a cash balance of $10.6 million, which, along with available liquidity under its credit facility, is expected to support ongoing operations and capital expenditures.

Looking ahead, Prairie Operating Co. anticipates continued growth driven by its recent acquisitions and operational enhancements. The company has implemented a hedging program to mitigate commodity price volatility, securing prices for its production through 2028. Management remains optimistic about the company’s ability to generate cash flow from its producing assets and to meet its financial obligations, despite the challenges posed by fluctuating commodity prices and market conditions.