Prairie Operating Co.

Good morning and welcome to the Prairie Operating Company first quarter 2026 earnings conference call. Today's call is being recorded. At this time, I'd like to turn the call over to Wabi Plugsma, Vice President of Investor Relations and Capital Markets. Please go ahead.

Thank you, Operator, and good morning, everyone. Thank you for joining Prairie Operating Company's first quarter 2026 earnings call. Before we provide our prepared remarks, I would like to remind all participants that our comments today will include forward-looking statements which are subject to certain risks, uncertainties, and assumptions. Actual results could differ materially from those in any forward-looking statements. Additionally, we may refer to non-GAAP measures for more detailed discussion of the risks and uncertainties that could cause actual results to differ materially from any forward-looking statements as well as the reconciliations of any non-GAAP financial measures, please see the company's public filings, including the Form 10-K, filed Thursday, May 14, 2026. We have also posted an updated investor presentation on our website. Joining me today are Rich Frommer, Interim CEO and President, and Greg Patton, Executive Vice President and Chief Financial Officer. With that, I'll turn the call over to our interim CEO and President, Rich Frommer.

Thanks, Wabi, and good morning, everyone. The first quarter of 2026 represents a strong start to the year for Prairie, highlighted by continued operational execution, significant production growth, and meaningful progress on strengthening our capital structure. During the quarter, we generated total production of approximately 2.1 million BOE or approximately 23,200 BOE per day, with liquids representing approximately 72% of the production, including 48% oil. These results reflect continued development activity across our DJ Basin position, as well as ongoing optimization of our existing asset base. Operationally, we continued to execute efficiently, bringing new wells online and advancing development across our core acreage. Early well performance has met or exceeded expectations and reinforces the quality and depth of our inventory. Importantly, During the quarter, we made significant progress in addressing our capital structure, which effectuate the partial refinancing of the Series F preferred immediately following the end of the quarter. This transaction reduced the outstanding balance, lowered the associated warrant coverage, and meaningfully decreased potential dilution to our common shareholders. We believe this represents an important step forward. Our focus remains on continuing to execute on a path to further refinancing of the remaining Series F preferred and simplifying our capital structure. From a strategic standpoint, our priorities remain consistent. Disciplined capital allocation, operational execution, and strengthening the balance sheet while positioning the company for long-term value creation. With that, I'll turn the call over to Greg.