Prairie Operating Co. has 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 300% year-over-year and adjusted EBITDA projected between $100-$140 million, our current valuation reflects approximately 1x projected 2025 EBITDA. This valuation highlights a compelling opportunity for investors to participate in Prairie’s transformational growth as we execute our strategy and deliver shareholder value.”

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 75% or greater.

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.