For the quarter ending 2025-09-30, PROP has $939,788K in assets. $679,264K in debts. $10,640K in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 10,640 | 10,653 | ||
| Oil, natural gas, and ngl revenue | 48,716 | 46,723 | ||
| Joint interest and other | 24,130 | 8,122 | ||
| Acquisition receivable | 17,452 | 14,685 | ||
| Derivative assets | 13,134 | 12,713 | ||
| Inventory | 4,890 | 3,415 | ||
| Prepaid expenses and other current assets | 2,015 | 654 | ||
| Note receivable | 0 | 435 | ||
| Total current assets | 120,977 | 97,400 | ||
| Oil and natural gas properties, successful efforts method of accounting including 75,816 and 70,462 excluded from depletable base as of september 30, 2025 and december 31, 2024, respectively | 806,955 | - | ||
| Other | 20,881 | 21,277 | ||
| Oil and natural gas properties, successful efforts method of accounting including 91,868 and 70,462 excluded from amortization as of june 30, 2025 and december 31, 2024, respectively | - | 731,778 | ||
| Less accumulated depreciation, depletion, and amortization | 30,780 | 14,742 | ||
| Total property and equipment, net | 797,056 | 738,313 | ||
| Derivative assets | 6,523 | 5,981 | ||
| Debt issuance costs, net | 13,495 | 14,461 | ||
| Operating lease assets | 1,604 | 1,844 | ||
| Other noncurrent assets | 133 | 541 | ||
| Total assets | 939,788 | 858,540 | ||
| Accounts payable and accrued expenses | 81,952 | 79,389 | ||
| Ad valorem and production taxes payable | 27,128 | 35,538 | ||
| Oil, natural gas, and ngl revenue payable | 35,181 | 45,823 | ||
| Senior convertible note, at fair value | 0 | - | ||
| Derivative liabilities | 0 | 0 | ||
| Senior convertible note, at fair value | - | 0 | ||
| Operating lease liabilities | 749 | 888 | ||
| Total current liabilities | 145,010 | 161,638 | ||
| Credit facility | 417,000 | - | ||
| Subordinated note related party | 1,458 | - | ||
| Subordinated note warrants, at fair value related party | 300 | 538 | ||
| Series f convertible preferred stock embedded derivatives, at fair value | 11,596 | 1,130 | ||
| Series f convertible preferred stock warrants, at fair value | 62,776 | 43,718 | ||
| Subordinated note related party-Related Party | - | 1,458 | ||
| Sepa, at fair value | 0 | - | ||
| Derivative liabilities | 0 | 0 | ||
| Ad valorem and production taxes payable | 15,720 | - | ||
| Oil, natural gas, and ngl revenue payable | 20,869 | - | ||
| Asset retirement obligation | 3,185 | 2,672 | ||
| Operating lease liabilities | 989 | 1,063 | ||
| Credit facility | - | 387,000 | ||
| Other long-term liabilities | 361 | 560 | ||
| Total longterm liabilities | 534,254 | 438,139 | ||
| Total liabilities | 679,264 | 599,777 | ||
| Series f convertible preferred stock 0.01 par value 50,000,000 shares authorized, and 129,000 and 0 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 158,687 | 164,590 | ||
| Common stock 0.01 par value 500,000,000 shares authorized, and 54,012,410 and 23,045,209 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 540 | 456 | ||
| Treasury stock, at cost 63,337 and 0 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 442 | 418 | ||
| Additional paidin capital | 187,152 | 180,835 | ||
| Accumulated deficit | -85,413 | -86,700 | ||
| Total stockholders equity | 101,837 | 94,173 | ||
| Total liabilities, mezzanine equity, and stockholders equity | 939,788 | 858,540 | ||
Prairie Operating Co. (PROP)
Prairie Operating Co. (PROP)