10x Insights
Loading account…
Companies / Energy / Prairie Operating Co.
PROP

Prairie Operating Co.

EnergyOil & Gas Extraction
Ticker PROPHOUSTON, TXFiscal year ends DecemberBook value per share $1.22Diluted shares 183.0M

Prairie Operating Co. (Nasdaq: PROP) is an independent oil and natural gas company that acquires and develops crude oil, natural gas, and natural gas liquids in Colorado’s Denver-Julesburg Basin, with operations concentrated in rural Weld County. Its production is sold to purchasers, and its development program… From the company’s description.

Over the twelve months to Jun 30, 2026, Prairie Operating Co. reported revenue of $343.01M, up 286.0% from a year earlier, and a net loss of $44.67M. Its operating margin was 33.8%, and operations generated $238.44M in cash. In fiscal 2025, it reported revenue of $241.65M, up 2943.8% from fiscal 2024, and net income of $32.05M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$241.65MFY2025
+2943.8% year over year
Last 12 mo $343.01M
27.14%FY2025
+361.1 percentage points
Last 12 mo 33.85%
$32.05MFY2025
+180.4% year over year
Last 12 mo $-44.67M
24.62%FY2025
+102.2 percentage points
Last 12 mo -20.03%
Cash & financing
$153.90MFY2025
+1746.4% year over year
Last 12 mo $238.44M
$-43.23MFY2025
−12.7% year over year
Last 12 mo $57.08M
2.83FY2025
Was 0.93× a year earlier
Last 12 mo 1.96
45.2MFY2025
+193.0% year over year
Last 12 mo 183.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Prairie Operating Co. does

In the company’s own words

Prairie Operating Co. (Nasdaq: PROP) is an independent oil and natural gas company that acquires and develops crude oil, natural gas, and natural gas liquids in Colorado’s Denver-Julesburg Basin, with operations concentrated in rural Weld County. Its production is sold to purchasers, and its development program combines drilling with acquisitions of producing reserves and additional acreage. The company’s assets comprise the Central Weld and Genesis asset groups rather than separately reported operating segments. At December 31, 2025, it held approximately 68,000 net leasehold acres across the two groups; during fiscal 2025, it produced 6.7 million barrels of oil equivalent, averaging 18,487 Boe per day. The Central Weld position expanded through acquisitions in 2024 and 2025, including major purchases from Bayswater and smaller acquisitions from Edge Energy, Summit and Crown; the Genesis assets were built primarily through acquisitions beginning in 2023. Prairie’s properties are located in the DJ Basin, and its portfolio includes both producing wells and undeveloped drilling locations.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1162896
SIC
1311

Financial performance, year by year

Fiscal 2011–2025 · USD
$-121.29M$5.34M$131.97M$258.59M$385.22M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Prairie Operating Co. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

33
funds hold it
0 of 35
superinvestors hold it
$3.28M
held by funds, at market
3.6%
of shares held by funds

Largest fund holders · Prairie Operating Co.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Prairie Operating Co. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Prairie Operating Co.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Prairie Operating Co.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.