Prairie Operating scales production 7x post-Bayswater but posts $177M derivative loss

Filed May 14, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 15, 2025 · ~2 min read

Key Changes

• high

  Q1 2026 revenue jumped to $83.4M from $13.6M year-over-year as Bayswater acquisition (closed March 2025) contributed a full quarter; production rose from 295 MBoe to 2,086 MBoe, reflecting the step-change from the deal plus new wells online.

  MD&A: Production and Revenue Scale verify on EDGAR →
• high

  Derivative losses surged to $177.1M from $0.9M, driven by $162.8M in unrealized mark-to-market losses as commodity prices moved against expanded hedge positions covering ~85% of production through Q1 2028.

  MD&A: Derivative Loss verify on EDGAR →
• high

  Working capital deficit widened from $54.7M to $181.0M year-over-year while cash fell to $0.3M; company relies on $113.5M available under $475M credit facility and ATM equity offering to fund operations.

  MD&A: Working Capital Deficit verify on EDGAR →