Prairie Operating Co (NAS:PROP)

Q3 2025 Prairie Operating Co Earnings Call Transcript

Nov 17, 2025 / 02:00 PM GMT

Release Date Price: $1.75 (+0.57%)

Transcript 8-K10-Q

Key Points

Positve

Prairie Operating Co (PROP) successfully completed the transition service period following the acquisition of assets from Bayswater, assuming full operational control.
Current production rate increased to approximately 27,000 net barrels of oil equivalent per day, up from 23,029 barrels per day in the third quarter.
Recent bolt-on acquisitions added approximately 33,400 net acres and 11 net drilling locations at an attractive average cost of $680 per acre.
The company expanded its $1 billion credit facility, reaffirming a borrowing base of $475 million, providing ample liquidity for future opportunities.
Prairie Operating Co (PROP) has a comprehensive hedge program securing strong pricing through 2028, protecting cash flows and reducing volatility.

Negative

Net loss attributable to common stockholders for the quarter was $22.5 million, representing a loss per share of $0.44.
Total operating expenses were $23.92 per BOE, which includes various costs such as lease operating expenses and general administrative expenses.
Integration and system implementation costs associated with the Bayswater transaction contributed to higher expenses.
The company is not yet prepared to provide guidance on the capital expenditure budget for the next year, creating uncertainty for investors.
Despite operational improvements, the company is still in the process of optimizing compression and other facets of facilities design.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PROP.OQ - Prairie Operating Co
Q3 2025 Prairie Operating Co Earnings Call
Nov 17, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Prairie Operating Company 3rd quarter 2025 earnings conference call.

Today's call is being recorded.

At this time, I would like to turn the call over to Wabi Polema, Vice President of Investment relations and Capital Markets. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator. Good morning, everyone, and thank you for joining us for Prairie Operating Company's 3rd quarter 2025 earnings call.

Before we provide our prepared remarks, I would like to remind all participants that our comments

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