Prairie Operating Q3 net loss widens 51% to $33.99 million
PROP•Prairie Operating’s third-quarter 2026 net loss attributable to common stockholders widened 51% year over year to $34 million, while revenue rose 67% to $129.5 million.
1. Quarterly results
Prairie Operating’s third-quarter 2026 net loss attributable to common stockholders widened 51% year over year to $34 million, while revenue climbed 67% to $129.5 million. Sales volumes increased 21% from the prior quarter to 2,403 MBoe, and lease operating expense fell 17% to $5.71 per Boe.
2. Operations and financing
The company said drilling, completion and early production performance supported converting 30 gross possible locations to proved undeveloped locations within Genesis OGDP I. Management continues to evaluate opportunities to refinance the remaining Series F preferred stock to strengthen the balance sheet and improve financial flexibility.
