Every 10-Q that Prairie Operating Co. (PROP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PROP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PROP filings page.
Prairie Operating Co. reported strong growth for the three and six months ended June 30, 2026, driven by expanded DJ Basin oil and gas operations. Crude oil, natural gas and NGL revenues were $98.9 million in the quarter and $182.3 million year‑to‑date, compared with $68.1 million and $80.9 million in 2025.
Quarterly net income attributable to the company was $109.0 million, while year‑to‑date results showed a net loss of $43.7 million, largely reflecting a $132.0 million loss on derivatives for the first half, partly offset by $16.4 million of gains from fair‑value adjustments on financial instrument liabilities. Net income attributable to common stockholders was $193.8 million for the quarter and $19.4 million year‑to‑date.
Operating cash flow for the first half of 2026 increased to $94.3 million from $9.7 million a year earlier, funding significant development spending of $132.6 million. Total assets were $1.01 billion, supported by $927.2 million of oil and gas properties, while borrowings under the reserve‑based credit facility rose to $436.0 million against a $475.0 million borrowing base. The company also restructured and partially redeemed its Series F preferred stock, reducing mezzanine equity to $43.2 million and recording sizable remeasurement impacts that boosted earnings available to common.
Prairie Operating Co. reported sharply higher activity and a large accounting loss for the three months ended March 31, 2026. Total revenues rose to $83.4 million, driven by crude oil, natural gas, and NGL sales following its 2025 asset acquisitions.
Operating income was overwhelmed by non‑cash items: the company recorded a $177.1 million loss on derivatives and a $31.9 million loss from fair value adjustments on embedded derivatives, debt, and warrants. After a $38.4 million income tax benefit and preferred stock effects, net loss attributable to common stockholders reached $174.4 million, or $2.16 per share.
Despite the loss, cash flow from operating activities improved to $42.3 million, while the company invested $34.1 million in oil and natural gas development. Prairie ended the quarter with total assets of $958.8 million, a Credit Facility balance of $361.5 million, derivative liabilities of $109.4 million, and $122.1 million of Series F preferred stock classified as mezzanine equity.
Prairie Operating Co. reported a quarter of rapid scale-up following two acquisitions. Total revenue was $68.1 million for the three months ended June 30, 2025, led by crude oil sales of $57.9 million. The company reported $35.7 million of income from continuing operations for the quarter and basic earnings per share of $1.04 (diluted $0.18), while weighted average basic shares were 44.06 million.
The balance sheet reflects the Bayswater acquisition and other financings: total assets increased to $858.5 million from $156.6 million at year-end, and property and equipment, net rose to $738.3 million. The Bayswater Acquisition closed March 26, 2025 with an as-adjusted cash payment of approximately $482.5 million and 3,656,099 shares issued; preliminary allocation records oil and gas properties of $526.2 million. Liquidity actions included issuance of 148,250 shares of Series F preferred stock (aggregate $148.3 million) and amendments to a Credit Facility with a $1.0 billion commitment and a reported $88.0 million availability as of June 30, 2025.