Welcome to our dedicated page for Prairie Operating SEC filings (Ticker: PROP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Prairie Operating Co. filings document an independent energy company focused on oil, natural gas and natural gas liquids resources in the Denver-Julesburg Basin. Recent Form 8-K reports cover operating and financial results, material agreements, capital-structure changes, and governance events.
The company’s regulatory disclosures include definitive proxy materials for director elections, auditor ratification and shareholder voting matters. Other filings describe Series F Convertible Preferred Stock, common-stock warrants, repurchase and amendment agreements, board resignations, interim leadership appointments, separation arrangements and related exhibit filings.
Prairie Operating Co. director ABBAS GIZMAN I had 8,333 common shares withheld to cover taxes on vested restricted stock at $2.04 per share. This tax-withholding disposition was not an open-market sale and reflects routine equity compensation mechanics. Following the transaction, the director directly holds 101,882 common shares.
Prairie Operating Co. director ABBAS GIZMAN I had 8,333 common shares withheld to cover taxes on vested restricted stock at $2.04 per share. This tax-withholding disposition was not an open-market sale and reflects routine equity compensation mechanics. Following the transaction, the director directly holds 101,882 common shares.
Prairie Operating Co. director Stephen Lee reported a routine tax-related share disposition. On the vesting of restricted stock, 8,333 common shares were withheld at $2.04 per share to satisfy tax withholding obligations. After this non-market transaction, he directly held 104,382 common shares.
Prairie Operating Co. director Stephen Lee reported a routine tax-related share disposition. On the vesting of restricted stock, 8,333 common shares were withheld at $2.04 per share to satisfy tax withholding obligations. After this non-market transaction, he directly held 104,382 common shares.
Prairie Operating Co. Executive Vice President of Operations Bryan Freeman reported a routine tax-related share disposition. On the vesting of restricted stock, 76,668 shares of common stock were withheld at $2.04 per share to satisfy tax withholding obligations. After this non-market transaction, Freeman continues to hold 634,970 common shares directly.
Prairie Operating Co. Executive Vice President of Operations Bryan Freeman reported a routine tax-related share disposition. On the vesting of restricted stock, 76,668 shares of common stock were withheld at $2.04 per share to satisfy tax withholding obligations. After this non-market transaction, Freeman continues to hold 634,970 common shares directly.
Prairie Operating Co. outlines a transformed asset base in its DJ Basin–focused 10-K, driven by large 2024–2025 acquisitions and aggressive development. The company now operates in Weld County, Colorado, targeting crude oil, natural gas and NGLs with a technology- and efficiency-led strategy.
As of December 31, 2025, proved reserves total 121.1 MMBoe, up sharply from 26.1 MMBoe a year earlier, supported by 95.3 MMBoe of acquired reserves and 6.4 MMBoe of positive revisions. PV‑10 rose to $1,219,814 thousand, while the standardized measure reached $851,702 thousand.
Central Weld Assets now cover about 45,000 net acres with 177 gross proved undeveloped locations, largely assembled through the $602.8 million Bayswater deal (final consideration $475.6 million), the $49.6 million NRO purchase, and smaller Edge, Summit and Crown bolt‑ons. Genesis Assets contribute roughly 23,000 net acres.
2025 production was 6,748 MBoe (about 18,487 Boe/d), with an average realized price of $35.81 per Boe and lease operating expenses of $6.14 per Boe. Prairie plans to fund a multi-year drilling program, including ~40 gross wells in 2026, primarily with operating cash flow while maintaining low leverage.
Prairie Operating Co. outlines a transformed asset base in its DJ Basin–focused 10-K, driven by large 2024–2025 acquisitions and aggressive development. The company now operates in Weld County, Colorado, targeting crude oil, natural gas and NGLs with a technology- and efficiency-led strategy.
As of December 31, 2025, proved reserves total 121.1 MMBoe, up sharply from 26.1 MMBoe a year earlier, supported by 95.3 MMBoe of acquired reserves and 6.4 MMBoe of positive revisions. PV‑10 rose to $1,219,814 thousand, while the standardized measure reached $851,702 thousand.
Central Weld Assets now cover about 45,000 net acres with 177 gross proved undeveloped locations, largely assembled through the $602.8 million Bayswater deal (final consideration $475.6 million), the $49.6 million NRO purchase, and smaller Edge, Summit and Crown bolt‑ons. Genesis Assets contribute roughly 23,000 net acres.
2025 production was 6,748 MBoe (about 18,487 Boe/d), with an average realized price of $35.81 per Boe and lease operating expenses of $6.14 per Boe. Prairie plans to fund a multi-year drilling program, including ~40 gross wells in 2026, primarily with operating cash flow while maintaining low leverage.
Prairie Operating Co. reported a transformational 2025, driven by its Bayswater acquisition and ramped DJ Basin development. Total revenues reached $241.6 million, largely from crude oil sales of $204.0 million, on production of 6,748 MBoe, about half oil and roughly 73% liquids.
The company generated net income from continuing operations of $32.1 million but recorded a net loss attributable to common stockholders of $60.9 million, or $(1.35) per share, mainly due to Series F preferred stock dividends and remeasurement. Adjusted EBITDA was $155.5 million, up from a negative figure in 2024, while capital expenditures totaled $183.4 million.
Prairie paid $459.6 million in cash for the Bayswater asset purchase and ended 2025 with a PV-10 of $1.22 billion on total proved reserves of 121.1 MMBoe, all in the DJ Basin. The balance sheet showed $366.0 million outstanding under its Credit Facility and about $109.0 million of liquidity. For 2026, the company guides to net income of $55–65 million and Adjusted EBITDA of $240–260 million, supported by extensive crude oil, gas, and NGL hedges at fixed prices through 2029.
Prairie Operating Co. reported a transformational 2025, driven by its Bayswater acquisition and ramped DJ Basin development. Total revenues reached $241.6 million, largely from crude oil sales of $204.0 million, on production of 6,748 MBoe, about half oil and roughly 73% liquids.
The company generated net income from continuing operations of $32.1 million but recorded a net loss attributable to common stockholders of $60.9 million, or $(1.35) per share, mainly due to Series F preferred stock dividends and remeasurement. Adjusted EBITDA was $155.5 million, up from a negative figure in 2024, while capital expenditures totaled $183.4 million.
Prairie paid $459.6 million in cash for the Bayswater asset purchase and ended 2025 with a PV-10 of $1.22 billion on total proved reserves of 121.1 MMBoe, all in the DJ Basin. The balance sheet showed $366.0 million outstanding under its Credit Facility and about $109.0 million of liquidity. For 2026, the company guides to net income of $55–65 million and Adjusted EBITDA of $240–260 million, supported by extensive crude oil, gas, and NGL hedges at fixed prices through 2029.
Prairie Operating Co. amended its existing securities purchase agreement with investors who bought its Series F Preferred Stock. The original deal included future warrants for common stock based on the preferred shares’ $1,000 stated value per share and a stock price formula.
The amendment moves the warrant "Anniversary Warrant Issuance Date" from the first anniversary of the closing to April 7, 2026 and updates related warrant footnotes. It also requires Prairie Operating to pay the buyers an aggregate $3 million on April 6, 2026, unless the buyers waive this fee in their sole discretion.
Prairie Operating Co. executive vice president of operations Bryan Freeman reported a tax-related share disposition. On the vesting of restricted stock, 1,223 shares of common stock were withheld to cover tax withholding obligations at $1.60 per share. After this non‑market, tax-withholding transaction, Freeman directly owned 711,638 shares of Prairie Operating Co. common stock.
Prairie Operating Co. EVP and CFO Gregory Scott Patton reported a small share disposition related to tax withholding. On the vesting of restricted stock, 733 shares of common stock were withheld at $1.60 per share to satisfy tax obligations, rather than sold in the open market. After this tax-withholding disposition, he directly holds 788,203 shares of Prairie Operating Co. common stock.
Prairie Operating Co. executive Daniel T. Sweeney reported a tax-related share disposition. On March 5, 2026, 1,223 shares of common stock were withheld at $1.60 per share to satisfy tax obligations upon vesting of restricted stock, a non-open-market transaction. Sweeney beneficially owned 639,566 common shares directly after this withholding.
Prairie Operating Co. announced significant leadership changes, with CEO and Chairman Edward Kovalik voluntarily resigning and President/director Gary C. Hanna retiring. Board member Richard N. Frommer was appointed Interim President and CEO, and director Erik Thoresen was named Chairman of the Board while a search for a permanent chief executive is conducted.
The company’s subsidiary entered into separation agreements with both former executives. Kovalik will receive a lump-sum severance of $2,531,250, equal to 1.5 times his base salary plus target bonus, his 2025 bonus of $750,000, unused vacation payout and immediate vesting of all time-based RSUs, while his performance-based RSUs are forfeited. Hanna will receive his 2025 bonus of $675,000, unused vacation payout, immediate vesting of time-based RSUs and will retain unvested performance-based RSUs through the performance period.
Both Kovalik and Hanna retain fully vested non-compensatory stock options but will assign overriding royalty interests in certain Genesis/Exok assets and have agreed for three years to vote their shares in line with Board recommendations, with existing lockups remaining in force. The company highlighted Frommer’s deep DJ Basin experience and Thoresen’s financial and transaction background as it focuses on its next phase of development in the Denver-Julesburg Basin.