XML 16 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Crude oil, natural gas, and NGL revenues $ 98,859,000 $ 68,100,000 $ 182,276,000 $ 80,915,000 [1]
Operating expenses:        
Lease operating expenses 13,628,000 11,348,000 28,469,000 13,361,000
Transportation and processing expenses 2,426,000 2,234,000 4,922,000 2,367,000
Ad valorem and production taxes 7,983,000 6,416,000 14,775,000 7,374,000
Depreciation, depletion, and amortization 17,075,000 12,265,000 32,919,000 14,386,000
Exploration expenses 243,000 458,000 541,000 745,000
Abandonment and impairment of unproved properties 196,000 0 608,000 0
General and administrative expenses 11,952,000 16,443,000 28,838,000 21,995,000
Total operating expenses 53,503,000 49,164,000 111,072,000 60,228,000
Other income (expenses):        
Interest expense (10,033,000) (9,124,000) (18,230,000) (10,502,000)
Gain (loss) on derivatives, net 45,079,000 28,150,000 (131,981,000) 27,252,000
Gain (loss) on adjustment to fair value – financial instrument liabilities 48,233,000 (2,373,000) 16,382,000 (4,537,000)
Interest income and other 196,000 94,000 389,000 166,000
Total other income (expenses) 83,475,000 16,747,000 (133,440,000) 12,379,000
Income (loss) from operations before income taxes 128,831,000 35,683,000 (62,236,000) 33,066,000
Income tax (expense) benefit (19,814,000) 0 18,580,000 0
Net income (loss) attributable to Prairie Operating Co. 109,017,000 35,683,000 (43,656,000) 33,066,000
Series F preferred stock declared dividends (2,598,000) (3,289,000) (6,268,000) (3,289,000)
Series F preferred stock undeclared dividends 186,000 (1,402,000) (780,000) (1,647,000)
Remeasurement of Series F preferred stock 87,189,000 17,511,000 70,101,000 (73,101,000)
Net income (loss) attributable to Prairie Operating Co. common stockholders (in Dollars) $ 193,794,000 $ 48,503,000 $ 19,397,000 $ (44,971,000)
Earnings (loss) per common share        
Basic earnings (loss) per share (in Dollars per share) $ 1.75 $ 1.04 $ 0.21 $ (1.27)
Diluted earnings (loss) per share (in Dollars per share) $ 0.23 $ 0.18 $ (0.41) $ (1.27)
Weighted average common shares outstanding        
Weighted average common shares outstanding, basic (in Shares) 107,141,123 44,063,281 87,711,102 35,477,691
Weighted average common shares outstanding, diluted (in Shares) 185,590,890 198,365,207 183,000,521 35,477,691
[1] Total revenues for the six months ended June 30, 2025, include revenue from the assets acquired from Bayswater beginning on March 26, 2025, the closing date of the Bayswater Acquisition (as defined below), through June 30, 2025.