---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-042355"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T19:44:55.803963+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating Q3: record production 23,029 boe/d, net loss $22.5M, adj EBITDA $56.3M

## Summary
- Record production of 23,029 Boe/d (52% oil), up 10% QoQ; current rate ~27,000 Boe/d.
- Revenue $77.7M; net loss $22.5M ($0.44 loss per share); adjusted EBITDA $56.3M (+45% QoQ).
- Capital expenditures $69.6M; operating cash flow $57.7M.
- Completed Bayswater acquisition transition; closed bolt-on deals adding 11 net drilling locations and 3,400 net acres.
- Expanded hedging program securing commodity pricing through 2028.

## SEC filing metadata
- accession: 0001140361-25-042355
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000114036125042355/0001140361-25-042355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000114036125042355/ef20058153_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-042355
- JSON: https://secwatch.observer/filing/0001140361-25-042355.json
- Plain text: https://secwatch.observer/filing/0001140361-25-042355.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.