Prairie Operating Co. Declares $11,269 Special Dividend on Series F Preferred Stock
Prairie Operating Co., an oil and gas producer, declared a $11,269 special dividend on its Series F preferred stock payable in three installments through December 2025. The company elected to issue common stock in lieu of cash.
Prairie Operating Co., an oil and gas producer, declared a $11,269 special dividend on its Series F preferred stock, to be paid in three installments on June 1, September 1, and December 1, 2025. The company elected to issue common stock in lieu of cash payment. Read more dividend announcements.
The dividend represents a total distribution of $11.3 million to Series F preferred stockholders. The company also disclosed $1.2 million in undeclared dividends for the Series F preferred stock.
Dividend Details
| Dividend Component | Amount |
|---|---|
| Total Declared Dividend | $11,269,000 |
| Payment Method | Common Stock |
| First Installment Payment Date | June 1, 2025 |
| Second Installment Payment Date | September 1, 2025 |
| Third Installment Payment Date | December 1, 2025 |
| Undeclared Dividends | $1,211,000 |
Financial Performance
For the year ended December 31, 2025, Prairie Operating reported total revenues of $241.6 million, up from $7.9 million in 2024. Crude oil sales accounted for $204.0 million of the total, with NGL sales contributing $28.1 million and natural gas sales adding $9.5 million.
The company reported net income from continuing operations of $32.1 million for 2025, compared to a loss of $39.9 million in 2024. However, after accounting for Series F preferred stock dividends, undeclared dividends, and remeasurement totaling $93.0 million, net loss attributable to common stockholders was $60.9 million, or $1.35 per share.
Operating expenses totaled $176.1 million for the year, including $48.9 million in depreciation, depletion, and amortization, $50.6 million in general and administrative expenses, and $41.4 million in lease operating expenses.
The company recorded a $79.2 million gain on derivatives during the year, offset by a $63.3 million loss on adjustment to fair value of embedded derivatives, debt, and warrants. Interest expense totaled $28.5 million for the year ended December 31, 2025.