---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-012029"
form_type: "8-K"
ticker: "PROP"
cik: "0001162896"
company_name: "Prairie Operating Co."
filed_at: "2026-03-30T23:59:59+00:00"
generated_at: "2026-05-15T08:20:43.416055+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Prairie Operating 2025 revenue $241.6M (+3000% YoY); record production 18,500 Boe/d

## Summary
- Revenue $241.6M ($315M incl. Bayswater), up ~3000% YoY; Adjusted EBITDA $155.5M ($220M incl.), up >975%.
- Yearly production avg. 18,500 Boe/d (24,000 incl. Bayswater), 50% oil/73% liquids; current rate ~28,000 Boe/d.
- Proved reserves 121,119 MBoe (43% PUD), PV-10 $1,219.8M; total 2025 production 6.75 MMBoe.
- Completed $602.75M Bayswater acquisition and six add-on acquisitions adding ~44,000 net acres.
- Expanded hedging program through 2029; extended Series F Preferred equity anniversary warrants.

## SEC filing metadata
- accession: 0001140361-26-012029
- form_type: 8-K
- ticker: PROP
- cik: 0001162896
- company_name: Prairie Operating Co.
- filed_at: 2026-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1162896/000114036126012029/0001140361-26-012029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1162896/000114036126012029/ef20068429_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-012029
- JSON: https://secwatch.observer/filing/0001140361-26-012029.json
- Plain text: https://secwatch.observer/filing/0001140361-26-012029.txt

## Key facts
- Earnings Releases
  Prairie Operating Co. reported the year ended December 31, 2025 results: revenue $241.6 million.
  - Period: the year ended December 31, 2025
  - Revenue: $241.6 million
  - Result: reported results
  source text: filing. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ef20068429_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Prairie Operating Co. Announces Year End 2025 Results • 2025 total revenue of $241.6 million (approximately $315.0 million including Bayswater), an increase of approximately 3,000% year-over-year • Record Adjusted EBITDA (1) of $155.5 million (approximately $220.0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1162896/000114036126012029/0001140361-26-012029-index.htm

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