secwatch.observer — SEC 8-K summary
======================================

Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001641172-25-023183
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Q1 2025 revenue $68.1M, net income $48.5M, production up 540% QoQ
-------------------------------------------------------------------------

- Total revenue of $68.1M, up ~400% QoQ; net income attributable to common stockholders $48.5M ($1.04 basic EPS).
- Record production 21,052 boe/d (50% oil), up ~540% QoQ; Adjusted EBITDA $38.6M, up >600% QoQ.
- Acquired over $600M of producing oil & gas assets; initiated hedging program securing favorable pricing through 2028.
- Amended Credit Facility with Citibank; added two banks, reaffirmed $475M borrowing base.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000164117225023183/0001641172-25-023183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000164117225023183/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-023183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer