PROP: the balance sheet

MyFinsight

For the year ending 2025-12-31, PROP has $944,546K in assets. $678,236K in debts. $20K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
63.38%
Quick Ratio
60.52%
Cash Ratio
0.02%
Debt to Asset Ratio
71.81%
Unit: Thousand (K) dollars
Assets Breakdown
Total property and equipment, ne...
Total current assets
Derivative assets
Others
Liabilities Breakdown
Total longterm liabilities
Additional paidin capital
Series f convertible preferred s...
Others

Balance Sheets	2025-12-31
Cash and cash equivalents	20
Oil, natural gas, and ngl accrued revenue	22,728
Joint interest and other receivables	23,106
Derivative assets	28,812
Inventory	3,604
Prepaid expenses and other current assets	1,452
Note receivable	0
Total current assets	79,722
Oil and natural gas properties, successful efforts method of accounting including 57,897 and 70,462 excluded from depletable base as of december 31, 2025 and 2024, respectively	852,732
Other property and equipment	21,067
Less accumulated depreciation, depletion, and amortization	49,343
Total property and equipment, net	824,456
Derivative assets	24,627
Debt issuance costs, net	12,642
Operating lease assets	2,966
Other noncurrent assets	133
Total assets	944,546

Accounts payable and accrued expenses	62,792
Oil, natural gas, and ngl revenue payable	30,300
Ad valorem and production taxes payable	31,385
Senior convertible note, at fair value	0
Derivative liabilities	0
Operating lease liabilities	1,300
Total current liabilities	125,777
Credit facility	366,000
Subordinated note related party	1,458
Subordinated note warrants, at fair value related party	316
Series f convertible preferred stock embedded derivatives, at fair value	15,853
Series f convertible preferred stock warrants, at fair value	90,134
Sepa, at fair value	0
Derivative liabilities	0
Oil, natural gas, and ngl revenue payable	27,402
Ad valorem and production taxes payable	22,751
Deferred tax liability	21,652
Asset retirement obligation	4,019
Operating lease liabilities	1,792
Other longterm liabilities	1,082
Total longterm liabilities	552,459
Total liabilities	678,236
Series f convertible preferred stock 0.01 par value 50,000,000 shares authorized, and 121,050 and 0 shares issued and outstanding as of december 31, 2025 and 2024, respectively	136,146
Preferred stock value	0
Common stock 0.01 par value 500,000,000 shares authorized, and 62,499,375 and 23,045,209 shares issued and outstanding as of december 31, 2025 and 2024, respectively	625
Treasury stock, at cost 111,357 and 0 shares issued and outstanding as of december 31, 2025 and 2024, respectively	531
Additional paidin capital	217,785
Accumulated deficit	-87,715
Total stockholders equity	130,164
Total liabilities, mezzanine equity, and stockholders equity	944,546

Unit: Thousand (K) dollars (except for numbers of shares and EPS).

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Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets