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 Jonathan H. Gray reported several administrative equity moves, led by a tax-related share withholding. On June 4, 2026, 15,544 shares of common stock were withheld at $0.87 per share to cover tax obligations upon vesting of restricted stock, leaving him with 660,273 directly held shares. Earlier, on April 20, 2026, entities First Idea International Ltd. and First Idea Ventures LLC, through which Gray has indirect holdings, recorded "other" transactions in common stock and Series D Convertible Preferred Stock linked to preferred stock conversion agreements, without open-market buying or selling.
Prairie Operating Co. director Stephen Lee reported a routine tax-related share disposition. On the vesting of restricted stock, 15,544 shares of Common Stock were withheld on June 4, 2026 to satisfy tax withholding obligations at $0.87 per share. After this withholding, Lee directly holds 94,671 Common Stock shares. This was not an open-market purchase or sale but an automatic share withholding tied to equity compensation.
Prairie Operating Co. held its 2026 Annual Meeting of Stockholders on June 3, 2026April 15, 202697,344,348 common shares were outstanding, were entitled to vote, and 65,706,444 shares were represented in person or by proxy.
Stockholders elected all four director nominees to serve until the 2027 annual meeting, with votes for each ranging from about 35.1 million to 38.3 million, plus broker non-votes. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, by a strong margin of 64,577,836 votes for, 491,258 against, and 637,350 abstentions.
PROP filed a Form 144 notice indicating a proposed sale of Common Stock tied to multiple Restricted Stock Unit awards. The filing lists RSU-related lots of 4,286 (06/11/2024), 4,568 (07/25/2025), 12,500 (04/10/2026) and 80,527 (05/19/2026) as the securities to be sold.
Prairie Operating Co. director Richard N. Frommer reported an open-market purchase of 75,500 shares of Common Stock on May 19, 2026 at a weighted average price of $0.87 per share. After this transaction, he directly owns 205,372 shares. The filing notes the purchase prices ranged between $0.84 and $0.89.
Prairie Operating Co. executive Daniel T. Sweeney, EVP, GC and Corporate Secretary, bought additional company shares in the open market. On May 19, 2026, he purchased 15,925 shares of Common Stock at $0.89 per share, bringing his direct holdings to 566,534 shares.
Prairie Operating Co. reported sharply higher first-quarter 2026 activity, with total revenues of $83.4 million and production of 2,086 MBoe, or 23,182 Boe per day, driven by oil-weighted output from the DJ Basin. Despite this, the company posted a net loss attributable to common stockholders of $174.4 million, largely reflecting a $177.1 million loss on derivatives and a $31.9 million non-cash loss from fair value adjustments on embedded derivatives, debt, and warrants.
Operationally, Prairie drilled 17 wells across two pads, delivered all wells below budget with average savings exceeding $100,000 per well, and achieved Adjusted EBITDA of $37.2 million versus $5.2 million a year earlier. Liquidity stood at about $113.5 million as of March 31, 2026, supported by a $475 million borrowing base, and full-year 2026 guidance calls for net income of $55–65 million and Adjusted EBITDA of $240–260 million.
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. files a shelf registration on Form S-3 to permit resale of up to 4,000,000 shares of Common Stock, which consist of shares issuable upon exercise of a warrant held by Hudson Bay PH XIX LLC at an exercise price of $0.01 per share. The resale is by the selling stockholder; the company will not receive proceeds from secondary sales.
The Warrant is immediately exercisable and terminates six months after no Series F Preferred Stock remains outstanding. The prospectus states the company registered 97,652,173 shares outstanding as of April 30, 2026 and reports a Nasdaq closing price of $1.05 on May 6, 2026.