Earnings ·
Prairie Operating Co. reported second quarter 2026 financial results, posting revenue of $98.9 million and net income…
PROPPrairie Operating Co.
Prairie Operating Co. reported second quarter 2026 financial results, posting revenue of $98.9 million and net income attributable to common stockholders of $193.8 million, or $1.75 basic earnings per share. The company produced 2.0 MMBoe at a rate of approximately 21,866 Boe/d with 72% liquids content. Adjusted EBITDA was $34.0 million against capital expenditures of $98.5 million and net cash provided by operating activities of $52.0 million. Prairie also announced an amendment to its Credit Facility agreement on August 14, 2026, modifying Current Ratio covenant requirements through December 31, 2026, while maintaining compliance with all covenants. The company adjusted its full-year 2026 guidance for average daily production to 23,000–25,000 Boe/d and capital expenditures to $185.0 million–$195.0 million. Prairie Operating Co. is an independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas liquids resources in the Denver-Julesburg Basin.