Quarterly ResultMay 14, 2026, 04:21 PM
Prairie Operating Q1 Revenue $83.4M; Net Loss Widens to $152.7M on Derivatives
AI Summary
Prairie Operating Co. reported a significant increase in total revenues for Q1 2026, reaching $83.4 million, up from $13.6 million in Q1 2025. However, the company's net loss widened substantially to $152.7 million, primarily due to a $177.1 million loss on derivatives. Despite the increased loss, net cash provided by operating activities improved to $42.3 million, while total stockholders' equity significantly decreased.
Key Highlights
- Total revenues increased to $83.4 million in Q1 2026 from $13.6 million in Q1 2025.
- Net loss attributable to Prairie Operating Co. widened to $152.7 million from $2.6 million YoY.
- Loss on derivatives, net, was $177.1 million in Q1 2026, compared to $0.9 million in Q1 2025.
- Net loss per common share was $(2.16) in Q1 2026, compared to $(3.49) in Q1 2025.
- Net cash provided by operating activities increased to $42.3 million from $16.9 million YoY.
- Total stockholders' equity decreased to $0.4 million as of March 31, 2026, from $130.2 million.
- Total liabilities increased to $836.3 million as of March 31, 2026, from $678.2 million.
- Crude oil sales were $67.8 million, natural gas sales $9.0 million, and NGL sales $6.6 million.