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.
This page provides access to Prairie Operating Co. (Nasdaq: PROP) SEC filings, offering a view into how the company reports its business, governance, and capital markets activity in official documents. Prairie is an independent energy company focused on oil, natural gas, and NGL development and acquisitions in the Denver‑Julesburg (DJ) Basin, and its filings supply structured detail on these activities.
Investors can review Form 8‑K current reports in which Prairie furnishes quarterly earnings press releases under Item 2.02, disclosing financial and operating results such as revenues, production volumes, and the company’s use of non‑GAAP measures like Adjusted EBITDA. Other 8‑Ks describe material events including the reaffirmation of a reserve‑based lending facility, entry into an Equity Distribution Agreement for potential at‑the‑market common stock offerings, and changes to executive employment agreements.
Additional 8‑K filings document auditor changes, where the Audit Committee approved the engagement of a new independent registered public accounting firm and reported that there were no disagreements or reportable events with the prior auditor as defined in SEC rules. These filings also confirm Prairie’s incorporation in Delaware and its principal offices in Houston, Texas.
On Stock Titan, Prairie’s filings are updated as they are made available through EDGAR. AI‑powered tools can help summarize lengthy disclosures, highlight key items such as financing arrangements, hedging descriptions, and compensation changes, and make it easier to locate specific information across the company’s filing history. Users can also focus on filings related to capital raising, credit facilities, and other events that the company identifies as material to its DJ Basin development and acquisition strategy.
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.
Prairie Operating Co. furnished a Current Report on Form 8-K stating that on August 12, 2025 the company issued a press release announcing its financial results for the quarter ended June 30, 2025. The company attached the full press release as Exhibit 99.1 and provided a Cover Page Interactive Data File as Exhibit 104. The filing explicitly notes that the information, including Exhibit 99.1, is being furnished under Item 2.02 and shall not be deemed "filed" for purposes of the Exchange Act or incorporated by reference except as expressly stated.
The report identifies Prairie Operating Co. (trading as PROP on The Nasdaq Stock Market) and is signed by Gregory S. Patton, Executive Vice President & Chief Financial Officer, dated August 12, 2025.
Prairie Operating Co. (PROP) filed a Form S-8 on 27 June 2025 to register an additional 7,500,000 shares of common stock for issuance under its 2024 Amended & Restated Long-Term Incentive Plan. Combined with the 7.5 million shares registered in April 2024, the plan now covers up to 15 million shares. The company is classified as a non-accelerated filer and smaller reporting company. Aside from customary exhibits and legal opinions, the filing incorporates previously filed annual, quarterly and current reports by reference and contains no new financial results. If and when granted, the newly registered shares will serve as equity-based compensation and could dilute existing shareholders.
Prairie Operating (NASDAQ:PROP) filed a Form 8-K disclosing that on June 20, 2025 it executed a $75 million Equity Distribution Agreement with Citigroup Global Markets and Truist Securities. The agreement sets up an at-the-market (ATM) program under the company’s effective April 2025 shelf registration, allowing the managers to place common shares "from time to time" on Nasdaq or through negotiated transactions.
The managers will receive a commission of up to 3 % of gross proceeds plus expense reimbursement. PROP is not obligated to issue any shares and may terminate the program at any point; the facility expires once the entire $75 million is sold or upon earlier termination by either party.
Intended use of proceeds includes general corporate purposes such as funding the development-and-drilling program, repaying debt, financing acquisitions, and—if required by the holder—redeeming Series F Convertible Preferred Stock. The 8-K attaches the complete Equity Distribution Agreement (Exhibit 1.1) and the related legal opinion (Exhibit 5.1). Forward-looking statements caution that commodity prices, permitting, capital needs, and integration of recent acquisitions could affect actual results.
Prairie Operating (NASDAQ:PROP) filed a prospectus supplement (Rule 424B5) to activate an at-the-market (ATM) equity program for up to $75 million of common stock under its May 2025 shelf registration.
The Company appointed Citigroup Global Markets and Truist Securities as co-sales agents. Shares may be sold on NASDAQ or in negotiated transactions at prevailing or related market prices. Prairie will pay the agents a 3.0 % commission on gross proceeds and will indemnify them against certain Securities Act liabilities.
Net proceeds will be applied as described in “Use of Proceeds” (details not specified in the excerpt) and will be settled on T+1 through DTC. No escrow arrangement is required. The last reported share price on 18 June 2025 was $3.97; sales instructions can be suspended by the Company if prices fall below levels it designates.
The filing reiterates extensive Risk Factors, including the Company’s ability to fund drilling and development plans, integration of recent DJ Basin and other acquisitions, commodity-price volatility, and regulatory changes. Forward-looking statements caution that actual results may differ materially.
This ATM facility provides capital flexibility but introduces dilution risk for existing shareholders.
Prairie Operating Co. (PROP) – Form 4 insider transaction
Director Richard N. Frommer disclosed an open-market purchase of the company’s common stock on 13 Jun 2025. The filing reports:
- Shares purchased: 5,000
- Weighted-average price: $3.99 (price range $3.98-$3.99)
- Total consideration: roughly $19,950
- Ownership after purchase: 24,012 shares, held directly
No derivative securities were reported. The transaction was coded “P,” indicating a routine purchase, and was executed outside a Rule 10b5-1 trading plan (the corresponding check box is blank). The filing was signed by attorney-in-fact Daniel T. Sweeney on 18 Jun 2025.
This modest insider buy increases the director’s direct holdings by approximately 26%, signalling incremental confidence but involving a relatively small dollar amount compared with typical insider activity for mid-cap issuers.