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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 77,721 $ 0 $ 158,638 [1] $ 0
Operating expenses:        
Lease operating expenses 15,371 0 28,732 0
Transportation and processing expenses 2,200 0 4,567 0
Ad valorem and production taxes 4,676 0 12,049 0
Depreciation, depletion, and amortization 16,037 0 30,353 0
Accretion of asset retirement obligation 76 0 147 0
Exploration expenses 40 25 785 524
General and administrative expenses 12,273 8,790 34,268 24,905
Total operating expenses 50,673 8,815 110,901 25,429
Income (loss) from operations 27,048 (8,815) 47,737 (25,429)
Other (expenses) income:        
Interest expense (9,039) 0 (19,541) 0
Realized gain on derivatives 8,012 0 12,175 0
Unrealized gain on derivatives 962 0 24,052 0
Loss on adjustment to fair value – embedded derivatives, debt, and warrants (25,914) 0 (30,451) 0
Loss on issuance of debt 0 (3,039) 0 (3,039)
Interest income and other 218 430 381 538
Total other expenses (25,761) (2,609) (13,384) (2,501)
Income (loss) from operations before provision for income taxes 1,287 (11,424) 34,353 (27,930)
Provision for income taxes 0 0 0 0
Net income (loss) from continuing operations 1,287 (11,424) 34,353 (27,930)
Discontinued operations        
Loss from discontinued operations, net of taxes 0 0 0 (1,045)
Net loss from discontinued operations 0 0 0 (1,045)
Net income (loss) attributable to Prairie Operating Co. 1,287 (11,424) 34,353 (28,975)
Series F preferred stock declared dividends (4,252) 0 (7,540) 0
Series F preferred stock undeclared dividends 443 0 (1,204) 0
Remeasurement of Series F preferred stock (19,986) 0 (93,087) 0
Net loss attributable to Prairie Operating Co. common stockholders $ (22,508) $ (11,424) $ (67,478) $ (28,975)
Loss per common share        
Basic loss per share (in Dollars per share) $ (0.44) $ (0.68) $ (1.66) $ (2.24)
Diluted loss per share (in Dollars per share) $ (0.44) $ (0.68) $ (1.66) $ (2.24)
Weighted average common shares outstanding        
Basic (in Shares) 50,624,457 16,770,372 40,582,092 12,938,342
Diluted (in Shares) 50,624,457 16,770,372 40,582,092 12,938,342
Crude Oil Sales [Member]        
Revenues:        
Total revenues $ 64,906 $ 0 $ 133,635 [1] $ 0
Natural Gas Sales [Member]        
Revenues:        
Total revenues 7,571 0 14,105 [1] 0
NGL Sales [Member]        
Revenues:        
Total revenues $ 5,244 $ 0 $ 10,898 $ 0
[1] Total revenues for the nine months ended September 30, 2025, include revenue from the assets acquired from Bayswater (as defined herein) beginning on March 26, 2025, the closing date of the Bayswater Acquisition (as defined herein), through September 30, 2025.