# Prairie Operating Co.: overview

PROP · Nasdaq · CIK 1162896 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/prop.md) · [Financials](/companies/prop/financials.md) · [Filings](/companies/prop/filings.md) · [Insiders](/companies/prop/insiders.md)

Latest reported revenue: [$98.9m](/filings/0001140361-26-033218.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001140361-26-033218).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.0](/filings/0001140361-25-042353.md) | [7.9 d](/filings/0001140361-26-012036.md) | [13.6](/filings/0001140361-26-021301.md) | [68.1](/filings/0001140361-26-033218.md) | [77.7](/filings/0001140361-25-042353.md) | [83.0 d](/filings/0001140361-26-012036.md) | [83.4](/filings/0001140361-26-021301.md) | [98.9](/filings/0001140361-26-033218.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | [(13.7%) d](/filings/0001140361-26-012036.md) | [12.9%](/filings/0001641172-25-010843.md) | [27.8%](/filings/0001641172-25-023187.md) | [34.8%](/filings/0001140361-25-042353.md) | [21.5% d](/filings/0001140361-26-012036.md) | not reported | not reported |
| Net margin | % | not reported | [(150.4%) d](/filings/0001140361-26-012036.md) | [(19.3%)](/filings/0001140361-26-033218.md) | [52.4%](/filings/0001140361-26-033218.md) | [1.7%](/filings/0001140361-25-042353.md) | [(2.8%) d](/filings/0001140361-26-012036.md) | [(183.0%)](/filings/0001140361-26-033218.md) | [110.3%](/filings/0001140361-26-033218.md) |
| Diluted EPS | $ per share | [(0.68)](/filings/0001140361-25-042353.md) | not reported | [(3.49)](/filings/0001140361-26-021301.md) | [0.18](/filings/0001140361-26-033218.md) | [(0.44)](/filings/0001140361-25-042353.md) | not reported | [(2.16)](/filings/0001140361-26-021301.md) | [0.23](/filings/0001140361-26-033218.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.4](/filings/0001493152-23-010117.md) | [0.5](/filings/0001493152-23-010117.md) | [1.5](/filings/0001493152-24-010692.md) | [7.9](/filings/0001140361-26-012036.md) | [242](/filings/0001140361-26-012036.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(4924.4%)](/filings/0001493152-23-010117.md) | [(1469.6%)](/filings/0001493152-23-010117.md) | [(1069.5%)](/filings/0001493152-25-009423.md) | [(334.0%)](/filings/0001140361-26-012036.md) | [27.1%](/filings/0001140361-26-012036.md) |
| Net margin | % | [(4670.2%)](/filings/0001493152-23-010117.md) | [(2592.5%)](/filings/0001493152-23-010117.md) | [(5115.8%)](/filings/0001493152-25-009423.md) | [(515.3%)](/filings/0001140361-26-012036.md) | [13.3%](/filings/0001140361-26-012036.md) |
| Diluted EPS | $ per share | [(3.71)](/filings/0001493152-22-008275.md) | not reported | [(16.51)](/filings/0001493152-25-009423.md) | [(2.65)](/filings/0001140361-26-012036.md) | [(1.35)](/filings/0001140361-26-012036.md) |
| Free cash flow | $m | [(9.3)](/filings/0001493152-23-010117.md) | [(7.5)](/filings/0001493152-23-010117.md) | [(12.1)](/filings/0001493152-25-009423.md) | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/prop/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $2.0m | 2,756,018 |  | Added +1,251,725 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $1.7m | 2,357,570 |  | Added +2,134,866 |
| [Arax Advisory Partners](/funds/1586767.md) | 2026-06-30 | $1.0m | 1,423,685 |  | Added +37,152 |
| [LAZARD ASSET MANAGEMENT LLC](/funds/1207017.md) | 2026-06-30 | $820.9k | 1,137,794 |  | Added +979,087 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $728.1k | 1,008,483 |  | Added +709,268 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $634.9k | 879,964 |  | Reduced −1,158,379 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $621.1k | 860,777 |  | Reduced −522,169 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $620.6k | 859,956 |  | Reduced −27,387 |
| [GROUP ONE TRADING LLC](/funds/932540.md) | 2026-06-30 | $433.3k | 600,538 |  | Added +169,412 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $379.4k | 525,876 |  | New +525,876 |

## Recent filings

[All 731 filings](/companies/prop/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-31 | 12:00 ET | [8-K](/filings/0001140361-26-034938.md) | 1.01 Entry into a material agreement; 3.03 Change to security holders’ rights | 0001140361-26-034938 |
| 2026-08-17 | 11:30 ET | [8-K](/filings/0001140361-26-033264.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 3.03 Change to security holders’ rights; 9.01 Financial statements and exhibits | 0001140361-26-033264 |
| 2026-08-17 | 10:31 ET | [8-K](/filings/0001140361-26-033259.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001140361-26-033259 |
| 2026-08-14 | 21:30 ET | [10-Q](/filings/0001140361-26-033218.md) | Quarterly report, period 2026-06-30 | 0001140361-26-033218 |
| 2026-08-10 | 13:01 ET | [8-K](/filings/0001140361-26-031946.md) | 1.01 Entry into a material agreement; 3.03 Change to security holders’ rights; 9.01 Financial statements and exhibits | 0001140361-26-031946 |
| 2026-07-22 | 11:45 ET | [8-K](/filings/0001140361-26-029210.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-029210 |
| 2026-07-09 | 21:00 ET | [8-K](/filings/0001140361-26-028124.md) | 3.01 Delisting notice | 0001140361-26-028124 |
| 2026-06-25 | 11:45 ET | [8-K](/filings/0001140361-26-026324.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001140361-26-026324 |
| 2026-06-11 | 12:00 ET | [8-K](/filings/0001140361-26-024881.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 3.03 Change to security holders’ rights; 9.01 Financial statements and exhibits | 0001140361-26-024881 |
| 2026-06-05 | 21:00 ET | [8-K](/filings/0001140361-26-024289.md) | 5.07 Shareholder vote results | 0001140361-26-024289 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001140361-26-012036.md), filed Mar 31, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/b3d25de8-893d-4ba4-b47f-a527942589f5)

## About the filer

- CIK: 1162896
- Tickers: PROP
- Exchange: Nasdaq
- SIC code: 1311 Crude Petroleum & Natural Gas
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:34 ET. No prices; not investment advice.
