Prairie Operating(US:PROP) Globenewswire·2026-03-30 20:30Core Insights - Prairie Operating Co. experienced a transformational year in 2025, significantly scaling production, expanding margins, and strengthening its balance sheet while maintaining operational excellence [4]. Financial Performance - Total revenue for 2025 was $241.6 million, with an approximate total of $315.0 million including Bayswater, marking an increase of about 3,000% year-over-year [6][8]. - Record Adjusted EBITDA for 2025 reached $155.5 million (approximately $220.0 million including Bayswater), representing an increase of over 975% year-over-year [6][8]. - Annual production increased approximately 3,900% to 18,500 net Boe/d (approximately 24,000 Boe/d including Bayswater), with a current production rate of about 28,000 net Boe/d [6][7]. Operational Highlights - The company achieved record total production of 6.75 million barrels of oil equivalent (MMBoe), with approximately 73% being liquids [7]. - Proved reserves as of December 31, 2025, totaled 121,119 MBoe, with 43% classified as proved undeveloped, and discounted future net cash flows estimated at $851.7 million, resulting in a PV-10 of $1,219.8 million [7][9][16]. - The company expanded its hedging program to secure favorable commodity pricing through 2029 [7]. Acquisitions and Capital Expenditures - Prairie completed the acquisition of assets from Bayswater Exploration & Production for $602.75 million and six additional complementary acquisitions, adding approximately 44,000 net acres [7][27]. - Capital expenditures for 2025 were $183.4 million, approximately 35% below the midpoint of guidance [8][27]. Liquidity and Guidance - As of December 31, 2025, the company had approximately $109.0 million of liquidity, primarily from borrowings available under its Credit Facility, which had a borrowing base of $475.0 million [28]. - For 2026, Prairie initiated full-year guidance with expected Adjusted EBITDA between $240.0 million and $260.0 million [30][29].