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Prairie Operating Co. Q1 2026 revenue jumps 500%, adjusted EBITDA up 600%, reaffirms strong 2026 outlook

Company Fundamentals
14 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Prairie Operating Co. reported a 500% increase in Q1 2026 revenue to $83.4 million and a 600% rise in adjusted EBITDA to $37.2 million, driven by strong production growth and operational efficiency in the DJ Basin. The company produced approximately 23,200 Boe/d with 72% liquids and improved drilling costs below budget. It also extended commodity price hedges through 2029 and partially refinanced preferred stock to reduce dilution. Prairie reaffirmed its 2026 guidance, targeting daily production of 25,500-27,500 Boe/d and adjusted EBITDA of $240-260 million, positioning itself for sustainable long-term value creation.

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