Prairie Operating Co. Issues 2025 Guidance
Prairie Operating Co. (PROP) has released its 2025 guidance, projecting significant growth with expected average daily production of 7,000-8,000 BOEPD, representing a 300% year-over-year increase. The company anticipates capital expenditures of $120-130 million, focusing on high-return drilling opportunities in the DJ Basin.
Financial projections include net income between $69-102 million and Adjusted EBITDA of $100-140 million. The company plans to drill and complete 25-28 wells in 2025. CEO Edward Kovalik highlighted that Prairie's current valuation represents approximately 1x projected 2025 EBITDA, suggesting a potential investment opportunity. The company also plans to pursue additional strategic acquisitions, which could lead to updated guidance.
Prairie Operating Co. (PROP) ha rilasciato le sue previsioni per il 2025, prevedendo una crescita significativa con una produzione media giornaliera di 7.000-8.000 BOEPD, che rappresenta un aumento del 300% rispetto all'anno precedente. L'azienda prevede spese in conto capitale di 120-130 milioni di dollari, concentrandosi su opportunità di perforazione ad alto rendimento nel DJ Basin.
Le proiezioni finanziarie includono un reddito netto compreso tra 69 e 102 milioni di dollari e un EBITDA rettificato di 100-140 milioni di dollari. L'azienda intende perforare e completare 25-28 pozzi nel 2025. Il CEO Edward Kovalik ha sottolineato che la valutazione attuale di Prairie rappresenta circa 1 volta l'EBITDA previsto per il 2025, suggerendo un potenziale opportunità di investimento. L'azienda prevede anche di perseguire ulteriori acquisizioni strategiche, che potrebbero portare a una guida aggiornata.
Prairie Operating Co. (PROP) ha publicado su guía para 2025, proyectando un crecimiento significativo con una producción diaria promedio de 7,000-8,000 BOEPD, lo que representa un aumento del 300% en comparación con el año anterior. La empresa anticipa gastos de capital de 120-130 millones de dólares, enfocándose en oportunidades de perforación de alto rendimiento en la cuenca DJ.
Las proyecciones financieras incluyen ingresos netos entre 69 y 102 millones de dólares y EBITDA ajustado de 100-140 millones de dólares. La empresa planea perforar y completar de 25 a 28 pozos en 2025. El CEO Edward Kovalik destacó que la valoración actual de Prairie representa aproximadamente 1 vez el EBITDA proyectado para 2025, lo que sugiere una posible oportunidad de inversión. La empresa también planea seguir adquiriendo estratégicamente, lo que podría llevar a una guía actualizada.
프레리 오퍼레이팅 컴퍼니 (PROP)는 2025년에 대한 가이드를 발표하였으며, 일일 평균 생산량 7,000-8,000 BOEPD를 예상하며, 이는 지난해 대비 300% 증가를 의미합니다. 회사는 DJ 분지에서 높은 수익성을 가진 드릴링 기회에 집중하여 1억 2천만에서 1억 3천만 달러의 자본 지출을 예상하고 있습니다.
재무 계획에는 순이익 6천9백만에서 1억 2백만 달러와 조정 EBITDA 1억에서 1억 4천만 달러가 포함됩니다. 회사는 2025년에 25-28개의 유정을 뚫고 완공할 계획입니다. CEO 에드워드 코발릭은 프레리의 현재 가치는 2025년 예상 EBITDA의 약 1배에 해당한다며, 투자 기회가 될 수 있음을 강조했습니다. 회사는 또한 추가적인 전략적 인수에 나설 계획이며, 이는 업데이트된 가이드로 이어질 수 있습니다.
Prairie Operating Co. (PROP) a publié ses prévisions pour 2025, projetant une croissance significative avec une production quotidienne moyenne de 7 000 à 8 000 BOEPD, représentant une augmentation de 300 % par rapport à l'année précédente. La société prévoit des dépenses d'investissement de 120 à 130 millions de dollars, en mettant l'accent sur des opportunités de forage à fort rendement dans le bassin DJ.
Les projections financières incluent un revenu net compris entre 69 et 102 millions de dollars et un EBITDA ajusté de 100 à 140 millions de dollars. L'entreprise prévoit de forer et de compléter 25 à 28 puits en 2025. Le PDG Edward Kovalik a souligné que la valorisation actuelle de Prairie représente environ 1 fois l'EBITDA projeté pour 2025, ce qui suggère une opportunité d'investissement potentielle. L'entreprise prévoit également de poursuivre des acquisitions stratégiques supplémentaires, ce qui pourrait conduire à des prévisions mises à jour.
Prairie Operating Co. (PROP) hat ihre Prognosen für 2025 veröffentlicht und erwartet ein erhebliches Wachstum mit einer durchschnittlichen täglichen Produktion von 7.000-8.000 BOEPD, was einem Anstieg von 300 % im Vergleich zum Vorjahr entspricht. Das Unternehmen rechnet mit Kapitaleinlagen von 120-130 Millionen Dollar und konzentriert sich auf hochrentierliche Bohrmöglichkeiten im DJ-Becken.
Die finanziellen Prognosen beinhalten ein Nettoeinkommen zwischen 69 und 102 Millionen Dollar sowie ein bereinigtes EBITDA von 100-140 Millionen Dollar. Das Unternehmen plant, 25-28 Bohrungen im Jahr 2025 zu bohren und abzuschließen. CEO Edward Kovalik hob hervor, dass die aktuelle Bewertung von Prairie etwa 1-mal das prognostizierte EBITDA für 2025 beträgt, was auf eine potenzielle Investitionsmöglichkeit hinweist. Das Unternehmen plant auch, weitere strategische Akquisitionen zu verfolgen, was zu einer aktualisierten Prognose führen könnte.
- Projected 300% year-over-year production growth to 7,000-8,000 BOEPD
- Expected net income range of $69-102 million for 2025
- Projected Adjusted EBITDA of $100-140 million
- Plans to drill and complete 25-28 wells in 2025
- Significant capital expenditure requirements of $120-130 million
Insights
Prairie Operating's 2025 guidance reveals an ambitious growth trajectory with 300% projected production growth to 7,000-8,000 BOEPD and
The projected net income range of
The DJ Basin development strategy shows strong operational planning with a focused drilling program. At 7,000-8,000 BOEPD from 25-28 wells, the per-well production metrics align with top-tier DJ Basin performance. The
The hedging program mentioned is important given the capital-intensive growth plan - it provides cash flow certainty needed to support the ambitious drilling schedule. The >75% working interest target indicates Prairie is positioning itself as the primary operator, giving better operational control and economics. The emphasis on "strategic acquisition opportunities" suggests potential for bolt-on acquisitions to enhance scale, though integration risks need careful management in a growth-focused environment.
The market's current valuation of Prairie at roughly 1x forward EBITDA appears to significantly discount the company's growth potential. Comparable DJ Basin operators typically trade at 4-6x EBITDA multiples, suggesting potential for substantial value re-rating as execution milestones are met. The guidance's emphasis on "transformational growth" and strategic acquisitions indicates management's focus on rapidly scaling operations to achieve better market recognition.
However, the small current market cap of
Includes Fiscal Year 2025 Adjusted EBITDA range of
HOUSTON, TX, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced its operational and financial guidance for 2025. These guidance metrics reflect Prairie’s strong performance and growth strategy as it continues to unlock value in the Denver Julesburg (“DJ”) basin.
2025 Guidance Highlights
Prairie expects:
- Average Daily Production: 7,000 – 8,000 barrels of oil equivalent per day (BOEPD), representing a ~
300% increase year-over-year.
- Capital Expenditures (Capex):
$120 million -$130 million , focused on high-return drilling opportunities in the DJ Basin.
- Net Income *: Expected to range between
$69 million and$102 million .
- Adjusted EBITDA (1): Expected to range between
$100 million and$140 million , driven by increased production and operational efficiencies.
- Well Count: Expect to drill and complete between 25-28 wells.
“Our 2025 guidance underscores the significant value proposition Prairie offers to investors," said Edward Kovalik, Chairman and Chief Executive Officer of Prairie. “With expected production growth of approximately
Prairie plans to actively pursue additional strategic acquisition opportunities, the completion of which will result in an update to our guidance to reflect the enhanced scale and value of the Company.
*Based on an active hedging program and an average working interest (“WI”) of
Reconciliation of Non-GAAP Measures
The following table reconciles Net Income to Adjusted EBITDA to the most directly comparable financial measure prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).
Use of Non-GAAP Financial Measures
This press release contains Adjusted EBITDA, which is a financial measure not presented in accordance with U.S. GAAP. Adjusted EBITDA is used by management to evaluate the performance of our business, make operational decisions, and assess our ability to generate cashflows. Management believes Adjusted EBITDA provides investors with helpful information to better understand the underlying performance trends of our business, facilitate period-to-period comparisons, and assess the company’s operating results.
Adjusted EBITDA is derived from Net income and is adjusted for income tax expense, depreciation, depletion, and amortization (DD&A), accretion of asset retirement obligations, non-cash stock-based compensation, and loss on unrealized commodity derivatives. We adjust net income for the items listed above to arrive at Adjusted EBITDA because these amounts can vary substantially between periods and companies within our industry depending upon accounting methods, book values of assets, capital structures, and the method by which assets were acquired. Additionally, the presentation of Adjusted EBITDA does not imply that our operating results will not be affected by unusual or non-recurring items.
Limitations of Non-GAAP Financial Measures
Adjusted EBITDA has limitations as an analytical tool, including that it excludes certain items that affect our reported financial results. Adjusted EBITDA should not be considered as an alternative to, or more meaningful than, GAAP Net income or as an indicator of our operating performance or liquidity. Additionally, our calculation of Adjusted EBITDA may not be comparable to similarly titled measures used by other companies.
(1) Adjusted EBITDA is a financial measure not presented in accordance with GAAP. Please see section "Reconciliation of Non-GAAP Measures" and the reconciliation table in this press release.
About Prairie Operating Co.
Prairie Operating Co. is a Houston-based publicly traded independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation. More information about the Company can be found at www.prairieopco.com.
Forward-Looking Statement
The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. There may be additional risks not currently known by the Company or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company’s expectations can be found in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Annual Report on Form 10-K/A filed with the SEC on March 20, 2024, and any subsequently filed Quarterly Report and Current Report on Form 8-K. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
Investor Relations Contact:
Wobbe Ploegsma
info@prairieopco.com
832.274.3449
Attachment
FAQ
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