Prairie Operating Co. reported a total revenue of $77.7 million, a 15% increase from the previous quarter, with a net income of $1.3 million. They also achieved a record Adjusted EBITDA of $56.3 million, up over 45% quarter-over-quarter. Quarterly production increased by approximately 10% to 23,029 Boe/d, with a current production rate of 27,000 net Boe/d per day.

The company completed the transition period following the acquisition of assets from Bayswater Exploration & Production, closed two complementary acquisitions, and expanded their hedging program. Prairie’s current production rate stands at approximately 27,000 net Boe/d per day and they are focused on expanding their DJ Basin footprint.

Revenue for the third quarter was $77.7 million, driven by oil prices at $58.70 per barrel. Prairie reported a net loss attributable to common stockholders of $22.5 million. They also incurred capital expenditures of $69.6 million and had net cash provided by operating activities of $57.7 million.

Prairie completed flowback operations on new wells and finalized completion activities on others. They also turned to sales nine wells acquired as drilled and uncompleted locations, with initial results exceeding expectations. Prairie remains focused on optimizing its existing asset base to maximize productivity and efficiency.

The company re-affirms full year guidance for 2025, including average daily production of 24,000 – 26,000 Boe/d and Adjusted EBITDA expected to range between $240.0 million and $260.0 million. Prairie has also executed a portfolio of hedges to maintain favorable prices for oil and gas through 2028.

Adjusted EBITDA, a key financial measure used by Prairie, is derived from net income from continuing operations and adjusted for various factors to assess the company’s performance. The company’s reconciliation of expected full year 2025 Net income to Adjusted EBITDA is between $240 and $260 million. This measure helps evaluate performance and cash flow generation.

Prairie Operating Co. is a Houston-based independent energy company engaged in oil and gas development and acquisition. Their assets are focused in the Denver-Julesburg Basin, with a commitment to responsible resource development and maximizing returns. The company aims to generate sustainable cash flow through growth and capital discipline.

Read more at GlobeNewswire: Prairie Operating Co. Announces Third Quarter 2025 Results