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. discloses changes to a previously agreed financing involving its Series F Preferred Stock and related warrants. The company had sold 148,250 shares of Series F Preferred Stock, each with a stated value of $1,000, and agreed to issue anniversary warrants tied to the trading price of its common stock.
The new amendment shifts the anniversary warrant issuance date from April 7, 2026 to April 9, 2026 and updates related warrant footnotes. It also adds a commitment for Prairie Operating to pay the investors an aggregate $3 million on April 9, 2026, unless the buyers waive this payment in their sole discretion.
Prairie Operating Co. executive Daniel T. Sweeney, EVP, General Counsel and Corporate Secretary, reported a tax-related share disposition. On the vesting of restricted stock, 81,666 shares of common stock were withheld at $2.04 per share to satisfy tax withholding obligations. This was an automatic withholding, not an open-market sale. After this transaction, Sweeney directly held 557,900 common shares of Prairie Operating Co.
Prairie Operating Co. executive vice president and CFO Gregory Scott Patton reported a tax-related share disposition. On this Form 4, 96,979 shares of common stock were withheld at $2.04 per share upon vesting of restricted stock to satisfy tax withholding obligations. Following this non-open-market transaction, he directly holds 691,224 common shares.
Prairie Operating Co. director ABBAS GIZMAN I had 8,333 common shares withheld to cover taxes on vested restricted stock at $2.04 per share. This tax-withholding disposition was not an open-market sale and reflects routine equity compensation mechanics. Following the transaction, the director directly holds 101,882 common shares.
Prairie Operating Co. director Stephen Lee reported a routine tax-related share disposition. On the vesting of restricted stock, 8,333 common shares were withheld at $2.04 per share to satisfy tax withholding obligations. After this non-market transaction, he directly held 104,382 common shares.
Prairie Operating Co. Executive Vice President of Operations Bryan Freeman reported a routine tax-related share disposition. On the vesting of restricted stock, 76,668 shares of common stock were withheld at $2.04 per share to satisfy tax withholding obligations. After this non-market transaction, Freeman continues to hold 634,970 common shares directly.
Prairie Operating Co. outlines a transformed asset base in its DJ Basin–focused 10-K, driven by large 2024–2025 acquisitions and aggressive development. The company now operates in Weld County, Colorado, targeting crude oil, natural gas and NGLs with a technology- and efficiency-led strategy.
As of December 31, 2025, proved reserves total 121.1 MMBoe, up sharply from 26.1 MMBoe a year earlier, supported by 95.3 MMBoe of acquired reserves and 6.4 MMBoe of positive revisions. PV‑10 rose to $1,219,814 thousand, while the standardized measure reached $851,702 thousand.
Central Weld Assets now cover about 45,000 net acres with 177 gross proved undeveloped locations, largely assembled through the $602.8 million Bayswater deal (final consideration $475.6 million), the $49.6 million NRO purchase, and smaller Edge, Summit and Crown bolt‑ons. Genesis Assets contribute roughly 23,000 net acres.
2025 production was 6,748 MBoe (about 18,487 Boe/d), with an average realized price of $35.81 per Boe and lease operating expenses of $6.14 per Boe. Prairie plans to fund a multi-year drilling program, including ~40 gross wells in 2026, primarily with operating cash flow while maintaining low leverage.
Prairie Operating Co. reported a transformational 2025, driven by its Bayswater acquisition and ramped DJ Basin development. Total revenues reached $241.6 million, largely from crude oil sales of $204.0 million, on production of 6,748 MBoe, about half oil and roughly 73% liquids.
The company generated net income from continuing operations of $32.1 million but recorded a net loss attributable to common stockholders of $60.9 million, or $(1.35) per share, mainly due to Series F preferred stock dividends and remeasurement. Adjusted EBITDA was $155.5 million, up from a negative figure in 2024, while capital expenditures totaled $183.4 million.
Prairie paid $459.6 million in cash for the Bayswater asset purchase and ended 2025 with a PV-10 of $1.22 billion on total proved reserves of 121.1 MMBoe, all in the DJ Basin. The balance sheet showed $366.0 million outstanding under its Credit Facility and about $109.0 million of liquidity. For 2026, the company guides to net income of $55–65 million and Adjusted EBITDA of $240–260 million, supported by extensive crude oil, gas, and NGL hedges at fixed prices through 2029.
Prairie Operating Co. amended its existing securities purchase agreement with investors who bought its Series F Preferred Stock. The original deal included future warrants for common stock based on the preferred shares’ $1,000 stated value per share and a stock price formula.
The amendment moves the warrant "Anniversary Warrant Issuance Date" from the first anniversary of the closing to April 7, 2026 and updates related warrant footnotes. It also requires Prairie Operating to pay the buyers an aggregate $3 million on April 6, 2026, unless the buyers waive this fee in their sole discretion.
Prairie Operating Co. executive vice president of operations Bryan Freeman reported a tax-related share disposition. On the vesting of restricted stock, 1,223 shares of common stock were withheld to cover tax withholding obligations at $1.60 per share. After this non‑market, tax-withholding transaction, Freeman directly owned 711,638 shares of Prairie Operating Co. common stock.