Prairie Operating Co. Reports Strong Q3 2026 Growth Driven by Higher Sales Volumes

Prairie Operating Co. (PROP) delivered robust third-quarter 2026 results, reporting revenue of $129.5 million, a 31% increase from the previous quarter. This growth was primarily driven by higher sales volumes and improved operational efficiencies following the integration of Bayswater operations. Adjusted EBITDA saw a significant surge of 92% compared to Q2, reaching $65.3 million as unit operating costs declined. Despite strong production metrics—including an exit rate of 30,229 BOE per day—the company reported a net loss of $48.9 million due to $105.7 million in unrealized derivative losses. Management noted emerging inflationary pressures on drilling expenses, specifically regarding sand and steel costs, which have increased well estimates by up to $500,000. However, the company remains on track to meet its full-year capital expenditure guidance of $180 million to $195 million.

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