Prairie Operating Co. Earnings Call Transcripts
Fiscal Year 2026
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Management leverages deep DJ Basin expertise and a nimble culture to drive consolidation and operational efficiency. The company optimizes free cash flow with a disciplined one rig, one frack crew approach, while recent capital structure improvements reduce dilution risk.
Fiscal Year 2025
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2025 saw transformative growth with major acquisitions, production nearly quadrupling, and strong operational execution. Financial results included $315M revenue and $220M Adjusted EBITDA pro forma, with 2026 guidance targeting further growth and capital discipline.
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Record Q2 results with adjusted EBITDA up 600% and production surging 540% quarter-over-quarter, driven by major acquisitions and operational efficiency. Full-year guidance was raised for production, CapEx, and EBITDA, with a strong focus on cost control and capital returns.
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A focused operator in Colorado's DJ Basin, the company leverages cost advantages, advanced technology, and a disciplined acquisition strategy to drive double-digit growth. Recent transformative acquisitions, robust hedging, and a strong balance sheet support plans for future dividends and continued expansion.
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A $602.75 million acquisition expands production to 28,000 BOE/day and net acreage by 80%, while extending inventory life to 10 years and boosting proved reserves to 104 million barrels. Strategic partnerships and low costs support a high-growth outlook.
Fiscal Year 2024
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Significant milestones in 2024 included a $1B credit facility, major acquisitions, and regulatory wins, positioning for accelerated growth and operational efficiency. Strategic partnerships and funding enhanced development, with initial production from new wells expected in Q1 2025.