For the quarter ending 2025-09-30, PROP made $77,721,000 in revenue. -$22,508,000 in net income. Net profit margin of -28.96%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total revenues | 77,721,000 | 68,100,000 | 13,590,000 | 1,984,750 |
| Ad valorem and production taxes | - | 6,416,000 | 957,000 | 147,750 |
| Lease operating expenses | 15,371,000 | 11,348,000 | 2,012,000 | 316,250 |
| Transportation and processing expenses | 2,200,000 | - | - | - |
| Ad valorem and production taxes | 4,676,000 | - | - | - |
| Depreciation, depletion, and amortization | 16,037,000 | 12,199,000 | 2,117,000 | 142,096.333 |
| Accretion of asset retirement obligation | 76,000 | 66,000 | 6,000 | 1,500 |
| Exploration expenses | 40,000 | 458,000 | 287,000 | 325,997.5 |
| Gathering, transportation, and processing expenses | - | 2,234,000 | 907,000 | 2,953,298.167 |
| General and administrative expenses | 12,273,000 | 16,443,000 | 5,551,000 | 6,631,260 |
| Total operating expenses | 50,673,000 | 49,164,000 | 11,837,000 | 10,518,152 |
| Income (loss) from operations | 27,048,000 | 18,936,000 | 1,753,000 | -4,563,902 |
| Interest expense | 9,039,000 | 9,124,000 | 1,378,000 | 285,500 |
| Realized gain on derivatives | 8,012,000 | 4,944,000 | - | - |
| Unrealized gain on derivatives | 962,000 | 23,206,000 | - | - |
| Loss on adjustment to fair value embedded derivatives, debt, and warrants | -25,914,000 | - | - | - |
| Loss on issuance of debt | 0 | - | - | -759,750 |
| Loss on derivatives, net | - | - | -898,000 | 1,098,750 |
| Loss on adjustment to fair value debt and warrants | - | - | - | -1,339,500 |
| Loss on adjustment to fair value embedded derivatives, debt, and warrants | - | -2,373,000 | -2,164,000 | - |
| Interest income and other | 218,000 | 94,000 | 70,000 | 46,634 |
| Total other expenses | -25,761,000 | 16,747,000 | -4,370,000 | -5,400,692.5 |
| Income (loss) from operations before provision for income taxes | 1,287,000 | 35,683,000 | -2,617,000 | -9,964,594.5 |
| Provision for income taxes | 0 | 0 | - | 0 |
| Net income (loss) from continuing operations | 1,287,000 | 35,683,000 | -2,617,000 | -9,964,594.5 |
| Loss from discontinued operations, net of taxes | 0 | 0 | - | -261,250 |
| Net loss from discontinued operations | 0 | 0 | - | -261,250 |
| Net income (loss) attributable to prairie operating co | 1,287,000 | 35,683,000 | -2,617,000 | -10,487,094.5 |
| Series f preferred stock deemed dividends | - | - | 90,612,000 | - |
| Remeasurement of series f preferred stock | - | -17,511,000 | - | - |
| Series f preferred stock declared dividends | 4,252,000 | - | - | - |
| Series f preferred stock undeclared dividends | -443,000 | 1,402,000 | 245,000 | - |
| Series f preferred stock declared dividends | - | 3,289,000 | - | - |
| Remeasurement of series f preferred stock | 19,986,000 | - | - | - |
| Net loss attributable to prairie operating co. common stockholders | -22,508,000 | 48,500,000 | -93,474,000 | - |
| Basic (in shares) | 50,624,457 | 44,063,281 | 26,796,704 | -6,658,719 |
| Basic loss per share (in dollars per share) | -0.44 | 1.04 | -3.49 | -0.63 |
| Diluted (in shares) | 50,624,457 | - | - | - |
| Diluted loss per share (in dollars per share) | -0.44 | 0.18 | -3.49 | -0.63 |
Prairie Operating Co. (PROP)
Prairie Operating Co. (PROP)