Q4 2025 Prairie Operating Co Earnings Call Transcript
Key Points
- Prairie Operating Co (PROP) successfully completed the full integration of assets acquired from Bayswater Exploration and Production, enhancing their operational capabilities.
- The company achieved significant production growth, exiting 2025 at a production rate of approximately 28,000 net BOE per day, which is a substantial increase from the previous year.
- Prairie Operating Co (PROP) executed a series of bolt-on acquisitions, adding approximately 44,000 net acres and expanding their portfolio with high-quality proved inventory.
- The company generated approximately $242 million in revenue and $156 million in adjusted EBITDA, highlighting strong financial performance.
- Prairie Operating Co (PROP) maintained a perfect safety record for the year, reflecting operational excellence and dedication to safety.
- The reported revenue and EBITDA figures did not meet the company's guidance, with full-year adjusted EBITDA modestly below the target of $240 million.
- Net loss attributable to common stockholders was $60.9 million, primarily due to non-cash expenses associated with financial instruments.
- The company faced production challenges in the first quarter of 2026 due to necessary shut-ins for operational reasons, leading to lower production levels.
- Some wells, such as the Noble and Simpson wells, experienced performance issues due to external factors like offset fracks and equipment delays.
- The share count has increased due to conversions of preferred shares, which could lead to potential dilution for existing shareholders.
Good morning, and welcome to the Prairie Operating Co. year-end 2025 earnings conference call. Today's call is being recorded.
At this time, I'd like to turn the call over to Wobbe Ploegsma, Vice President of Investor Relations and Capital Markets. Please go ahead.
Thank you, operator, and good morning, everyone. Thank you for joining Prairie Operating Company's full year-end 2025 earnings call.
Before we provide our prepared remarks, I would like to remind all participants that our comments today will include forward-looking statements which are subject to certain risks, uncertainties and assumptions. Actual results could differ materially from those in any forward-looking statements.
Additionally, we may refer to non-GAAP measures. For a more detailed discussion of the risks and uncertainties that could cause actual results to differ materially from any forward-looking statements, as well as the reconciliations of any non-GAAP financial measures, please see the company's
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