Monitor 2026 production ramp and EBITDA delivery against guidance; strong operational execution and capital efficiency suggest potential for upward revisions.
Price Chart
Executive Summary
Prairie Operating Co. reported full-year 2025 results with revenue of $241.6 million and Adjusted EBITDA of $155.5 million, a 975% year-over-year increase driven by the Bayswater acquisition and production growth. The company initiated 2026 guidance with Adjusted EBITDA of $240–260 million and exited 2025 at 28,000 Boe/d production.
Key Financial Metrics
Key Facts
- Revenue of $241.6 million in 2025 (3,000% YoY growth), including $315 million pro forma for Bayswater acquisition
- Adjusted EBITDA of $155.5 million (975% YoY growth), with pro forma EBITDA of $220 million
- Initiated 2026 guidance: Adjusted EBITDA of $240–260 million, production of 25,500–27,500 Boe/d
- Exited 2025 at 28,000 net Boe/d production, up from 23,029 Boe/d in Q3
- Capital expenditures of $183.4 million, ~35% below midpoint of 2025 guidance
Financial Impact
Revenue up 3,000% YoY to $241.6M, Adjusted EBITDA up 975% to $155.5M, with 2026 EBITDA guidance of $240–260M
Risk Factors
- Net loss of $60.9 million in 2025 despite EBITDA growth
- Heavy reliance on acquisitions (Bayswater) for growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-012029 |
| Document: ef20068429_8k.htm | 0001140361-26-012029 |
| Document: 0001140361-26-012029-index-headers.html | 0001140361-26-012029 |
| Document: 0001140361-26-012029-index.html | 0001140361-26-012029 |
| Document: 0001140361-26-012029.txt | 0001140361-26-012029 |
| 8-K Data (Synthetic) | 0001140361-26-012029 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Institutional Cluster | $0.4002 $0.4210 | ▲ +5.20% | ▲ +6.38% | $0.3380 (−15.54%) |
Aug 31, 2026 8w ago | 8-K | $0.5090 $0.4679 | ▼ −8.07% | ▼ −7.93% | $0.3380 (−33.60%) |
Aug 17, 2026 10w ago | 8-K | $0.7100 $0.5111 | ▲ +28.01% | ▲ +26.82% | $0.3380 (+52.39%) |
Aug 17, 2026 10w ago | Press Release | $0.7100 $0.5111 | ▲ +28.01% | ▲ +26.82% | $0.3380 (+52.39%) |
Aug 17, 2026 10w ago | 8-K | $0.7100 $0.5111 | ▲ +28.01% | ▲ +26.82% | $0.3380 (+52.39%) |
Aug 10, 2026 11w ago | 8-K | $0.8150 $0.7100 | ▼ −12.88% | ▼ −12.84% | $0.3380 (−58.53%) |
Jul 22, 2026 13w ago | 8-K | $0.8153 $0.7002 | ▼ −14.12% | ▼ −11.72% | $0.3380 (−58.54%) |
Jul 9, 2026 15w ago | 8-K | $0.7290 $0.7175 | ▲ +1.58% | ▲ +1.02% | $0.3380 (+53.64%) |
Jun 11, 2026 19w ago | Institutional Cluster | $0.8092 $0.6582 | ▼ −18.66% | ▼ −19.09% | $0.3380 (−58.23%) |
Jun 11, 2026 19w ago | Press Release | $0.8092 $0.6582 | ▼ −18.66% | ▼ −19.09% | $0.3380 (−58.23%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers