Short answer
Prairie Operating Co. (PROP) filed its Q2 2026 10-Q quarterly report on Aug 14, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $99M (up 46.8% year over year) with net income of $109M.
Q2 2026 key financials · XBRL
- Revenue
- $99M
- +46.8% YoY · +18.5% QoQ
- Net income
- $109M
- +205.5% YoY · +171.4% QoQ
- EPS (diluted)
- $1.75
- −21.2% YoY · +181.0% QoQ
Source: XBRL data from the Prairie Operating Co. (PROP) Q2 2026 10-Q on SEC EDGAR. USD.
Prairie Operating Co. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $98.9M, up 45% YoY from $68.1M, driven by higher realized prices and production
- Average realized price per Boe $49.68, up 40% YoY from $35.55
- Crude oil strongest line: sales $93.5M vs $57.9M; natural gas weakest at negative $4.3M vs $2.0M
- Capital expenditures $132.6M plus $12.4M accrued; 2026 guidance $185.0M–$195.0M
- Series F preferred stock repurchase: $19.0M cash consideration; derivative losses and commodity-price volatility remained headwinds
Risk Factors
- Newly added Nasdaq delisting risk triggered by July 2, 2026 Minimum Bid Price Notice
- Minimum bid price below $1.00 for 30 consecutive business days, requiring remediation by December 29, 2026
- Immediate suspension risk if shares trade at or below $0.10 for 10 consecutive trading days
- Delisting could reduce equity financing access, institutional investor participation, and stock liquidity
- Additional 180-day compliance period conditional on meeting Nasdaq market-value and initial-listing standards
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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