PROP

MKT CAP:$54M

Prairie Operating Co.

Market Cap

$54M

Financial Services·Financial - Capital Markets·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$1.24-$0.59 (-32.24%)

Apr 17, 2026

Company Details

Prairie Operating Co. engages in developing energy to meet growing demand, while protecting the environment. The company was formerly known as Creek Road Miners, Inc. and changed its name to Prairie Operating Co. in May 2023. Prairie Operat...

CEO

Richard N. Frommer

IPO Date

Feb 19, 2013

Website

www.prairieopco.com

Key Metrics TTM

Revenue

$167M

+18320.0% YoY

Net Income

$22M

EPS (Diluted)

-$4.27

Free Cash Flow

$381M

Revenue / Share

$0.33

Gross Margin

52.4%

Operating Margin

27.9%

Net Margin

13.4%

FCF Margin

227.7%

P/S

0.3x

P/E

2.4x

Earnings Reports

FY 2025

Mar 30, 2026

$242MEPS -$1.35

Q3 2025

Nov 14, 2025

$78MEPS -$0.44

Q2 2025

Aug 12, 2025

$68MEPS $0.18

Q1 2025

May 15, 2025

$14MEPS -$3.49

Q4 2024

Mar 6, 2025

$8M+773.8%EPS -$0.52

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$601.0K	$326.5K	-$600.0K
Q4 20	$498.3K	$271.5K	-$446.0K
Q1 21	$172.7K	$97.5K	-$3M
Q2 21	$0	$0	-$1M
Q3 21	$0	$0	-$2M
Q4 21	$53.3K	$92.1K	-$11M
Q3 22	$0	$0	-$276.8K
Q4 22	$0	$0	-$1M
Q1 23	$0	$0	-$64.4K
Q4 23	$908.5K	$399.3K	-$7M
Q2 24	$0	$0	-$9M
Q3 24	$0	-$711	-$9M
Q4 24	$8M	$5M	-$1M
Q1 25	$14M	$8M	$2M
Q2 25	$68M	$36M	$19M
Q3 25	$78M	$39M	$27M

Valuation

Quarter	P/S	P/E
Q3 20	0.6x	—
Q4 20	0.7x	—
Q1 21	7.5x	—
Q2 21	7.5x	—
Q3 21	14.6x	—
Q4 21	127.5x	—
Q3 22	50.8x	—
Q4 22	15.1x	—
Q1 23	166.5x	—
Q4 23	83.9x	—
Q2 24	208.0x	—
Q3 24	161.7x	—
Q4 24	19.5x	—
Q1 25	5.7x	—
Q2 25	0.8x	7.1x
Q3 25	0.5x	3.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	-$471.8K	-$477.1K
Q4 20	-$200.0K	-$200.2K
Q1 21	-$1M	-$1M
Q2 21	-$2M	-$2M
Q3 21	-$3M	-$4M
Q4 21	-$2M	-$11M
Q3 22	$1M	$7M
Q4 22	-$306.1K	-$306.1K
Q1 23	-$82	-$80
Q4 23	-$4M	-$4M
Q2 24	-$5M	-$7M
Q3 24	$3M	-$3M
Q4 24	-$4M	-$24M
Q1 25	$17M	$2M
Q2 25	-$7M	-$47M
Q3 25	$58M	$450M

Capital Expenditures

Quarter	CapEx
Q3 20	$5.3K
Q4 20	$139
Q1 21	$0
Q2 21	$23.9K
Q3 21	$1M
Q4 21	$9M
Q3 22	$5M
Q4 22	$0
Q1 23	$2
Q4 23	$108.9K
Q2 24	$2M
Q3 24	$5M
Q4 24	$20M
Q1 25	$15M
Q2 25	$40M
Q3 25	$392M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	-78.8%	-64.9%
Q4 20	-69.9%	-62.1%
Q1 21	-93.4%	+13.9%
Q2 21	-100.0%	+26.4%
Q3 21	-100.0%	+62.6%
Q4 21	-89.3%	+1092.5%
Q3 22	-100.0%	-90.8%
Q4 22	—	-19.3%
Q1 23	—	-96.7%
Q4 23	+1605.2%	-26.8%
Q2 24	—	+2995.9%
Q3 24	—	+715.2%
Q4 24	—	+13911.1%
Q1 25	+1395.8%	+43.6%
Q2 25	—	+473.7%
Q3 25	—	+474.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$269.8K	44.9%
Q4 20	$0	0.0%
Q1 21	$2M	1212.6%
Q2 21	$189.9K	—
Q3 21	$436.5K	—
Q4 21	$10M	18514.4%
Q3 22	$0	—
Q4 22	$154.9K	—
Q1 23	$0	—
Q4 23	$2M	216.6%
Q2 24	$2M	—
Q3 24	$2M	—
Q4 24	$3M	32.0%
Q1 25	$1M	9.7%
Q2 25	$2M	3.5%
Q3 25	$4M	5.3%

OpEx Breakdown

Quarter	G&A	SG&A
Q3 20	$928.0K	—
Q4 20	$715.6K	—
Q1 21	$3M	—
Q2 21	$1M	—
Q3 21	$2M	—
Q4 21	$11M	—
Q3 22	$276.8K	—
Q4 22	$917.0K	—
Q1 23	—	$64.4K
Q4 23	$7M	—
Q2 24	$9M	—
Q3 24	—	$9M
Q4 24	$6M	—
Q1 25	$6M	—
Q2 25	$16M	—
Q3 25	$12M	—

Revenue Segments

Quarter	Crude Oil Sales	NGL Sales	Natural Gas Sales
Q1 25	$11M	$2M	$1M
Q2 25	$58M	$4M	$6M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1M	$0	$1M
Q2 22	$816.1K	$0	$816.1K
Q3 22	$451.2K	$0	$451.2K
Q4 22	$246.4K	$0	$246.4K
Q1 23	$27.0K	$0	$27.0K
Q2 23	$9M	$0	$9M
Q3 23	$7M	$0	$7M
Q4 23	$13M	$0	$13M
Q1 24	$4M	$0	$4M
Q2 24	$2M	$0	$2M
Q3 24	$40M	$0	$40M
Q4 24	$5M	$0	$5M
Q1 25	$15M	$0	$15M
Q2 25	$11M	$0	$11M
Q3 25	$11M	$0	$11M
Q4 25	$20.0K	$0	$20.0K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	123K	0.0%	0.0%
Q4 20	123K	0.0%	0.0%
Q1 21	123K	0.0%	0.0%
Q2 21	127K	+3.2%	+3.2%
Q3 21	196K	+55.0%	+59.9%
Q4 21	260K	+32.4%	+111.7%
Q3 22	430K	+65.6%	+250.7%
Q4 22	429K	-0.4%	+238.4%
Q1 23	429K	0.0%	+118.4%
Q4 23	10M	+2192.8%	+3681.6%
Q2 24	12M	+22.1%	+2688.4%
Q3 24	17M	+39.7%	+3812.6%
Q4 24	23M	+37.4%	+5276.7%
Q1 25	27M	+16.3%	+172.7%
Q2 25	198M	+640.3%	+1552.9%
Q3 25	506M	+155.2%	+2918.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$120.2K	5
Q4 20	$38.3K	13
Q1 21	$13.3K	13
Q2 21	$0	13
Q3 21	$0	13
Q4 21	$10.7K	5
Q3 22	$0	5
Q4 22	$0	2
Q1 23	$0	2
Q4 23	$82.6K	11
Q2 24	$0	11
Q3 24	$0	11
Q4 24	$417.8K	19
Q1 25	$715.3K	19
Q2 25	$4M	19
Q3 25	$4M	19

Revenue / Employee