Prairie Operating swings to Q2 profit of $109.02 million; revenue rises 45% to $98.86 million
PROP•PROP•PROP•PROP•Prairie Operating Co. posted GAAP net income attributable to common stockholders of $109.02 million, up from $35.68 million a year earlier.
Revenue rose 45% to $98.86 million, driven by higher realized prices and slightly higher volumes.
Total production edged up to 1,990 MBoe; average sales volumes increased to 21,866 Boe/d.
Adjusted EBITDA fell 11.81% to $34.01 million.
2026 capital spending guidance was held at $185 million-$195 million.
The company said 27 wells had been drilled year-to-date, with 21 online as of the report date.
