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Prairie Operating Co.

NYSE:PROP
US$0.4058Close 7 Oct 2026 · delayed

Past year: ▼ 80%(40.6c – 2.05 USD)

Market cap
A$64.8m
Shares on issue
113m
In-ground value
A$318m
Risked multiple
4.91×
Story beats
47 since 2002
Last event
10 Aug 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

22 Apr 2025agm notice● Neutral

Prairie Operating Co. filed additional definitive proxy materials (DEFA14A) relating to its stockholder meeting. The visible text contains only the cover page and gives no agenda details.

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14 Apr 2025agm notice● Neutral

Prairie Operating Co. issued a proxy statement for a special stockholder meeting on May 8, 2025. Holders were asked to approve, under Nasdaq rules, share issuances on conversion of the Series F preferred and exercise of the related warrants, plus a possible adjournment.

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3 Apr 2025agm notice● Neutral

Prairie Operating Co. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).

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2 Apr 2025substantial holder notice● Neutral

Bristol Investment Fund, Ltd. disclosed a new substantial Prairie Operating Co. shareholding (2.67% of votes).

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2 Apr 2025substantial holder notice● Neutral

Bayswater Exploration & Production, LLC disclosed a new substantial Prairie Operating Co. shareholding (9.80% of votes).

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1 Apr 2025asset acquisition disposition▲ GoodMajor

Prairie closed the Bayswater acquisition -- $602.75 million headline price, paid as roughly $483.5 million cash (with $15 million held in escrow) plus 3.66 million shares of stock -- by far its largest deal, funded by expanding its Citibank credit facility borrowing base more than tenfold, from $44 million to $475 million.

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31 Mar 2025substantial holder notice● Neutral

NGL Energy Partners LP disclosed a new substantial Prairie Operating Co. shareholding (6.20% of votes).

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31 Mar 2025substantial holder notice● Neutral

NGL Energy Partners LP disclosed a new substantial Prairie Operating Co. shareholding (4.70% of votes).

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28 Mar 2025director interest notice● Neutral

Prairie Operating Co. director Thoresen Erik bought 300,000 shares on the open market at $0.01.

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28 Mar 2025director interest notice● Neutral

Prairie Operating Co. Chief Executive Officer Kovalik Edward bought 2,333,333 shares on the open market at $0.01.

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28 Mar 2025director interest notice● Neutral

Prairie Operating Co. President Gary C Hanna bought 2,333,333 shares on the open market at $0.01.

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26 Mar 2025securities registration● Neutral

Prairie Operating Co. filed a prospectus supplement for an offering off its existing shelf.

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26 Mar 2025securities registration● Neutral

Prairie Operating Co. filed a prospectus supplement for an offering off its existing shelf.

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26 Mar 2025capital raising announcement▼ BadMajor

Raised about $139.1 million net by selling 148,250 shares of Series F preferred stock, which helped fund the Bayswater acquisition completed the same day. Terms: a 12% dividend rising to 25% six months after the credit facility matures, a right for holders to take 25% of financing proceeds, and warrants due on the first anniversary.

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24 Mar 2025securities registration● Neutral

Prairie Operating Co. registered additional securities for an offering already underway.

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24 Mar 2025securities registration● Neutral

Prairie Operating Co. filed a prospectus supplement for an offering off its existing shelf.

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24 Mar 2025securities registration● Neutral

Prairie Operating Co. filed a prospectus supplement for an offering off its existing shelf.

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17 Mar 2025material agreement▲ GoodMajor

Prairie amended its pending purchase agreement to buy Bayswater Resources' DJ Basin assets, extending the deadline and fixing the stock portion of the price at $16 million -- keeping alive what would become its largest acquisition yet.

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7 Mar 2025director interest notice● Neutral

Prairie Operating Co. President Gary C Hanna had 10,787 shares withheld for taxes on vesting stock.

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7 Mar 2025director interest notice● Neutral

Prairie Operating Co. EVP and CFO Robert Craig Owen disposed of 10,892 shares.

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7 Mar 2025director interest notice● Neutral

Prairie Operating Co. Exec VP of Operations Freeman Bryan had 4,740 shares withheld for taxes on vesting stock.

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7 Mar 2025director interest notice● Neutral

Prairie Operating Co. General Counsel & Corp Sec'y Sweeney Daniel T. had 5,515 shares withheld for taxes on vesting stock.

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7 Mar 2025director interest notice● Neutral

Prairie Operating Co. Chief Executive Officer Kovalik Edward had 10,798 shares withheld for taxes on vesting stock.

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7 Feb 2025securities registration● Neutral

Prairie Operating Co. filed a prospectus supplement for an offering off its existing shelf.

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7 Feb 2025asset acquisition disposition▲ GoodMajor

Signed the Bayswater Purchase and Sale Agreement to acquire DJ Basin oil and gas assets from Bayswater Resources and affiliated funds for $602.75 million (cash plus up to 5,249,639 shares) -- Prairie's transformational acquisition, which closed the following month funded by a major expansion of its Citibank credit facility.

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28 Jan 2025director interest notice● Neutral

Prairie Operating Co. 10%+ owner Narrogal Nominees Pty LTD Atf Gregory K O'neill Family Trust converted derivative holdings into 1,600,000 shares.

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31 Dec 2024director interest notice● Neutral

Prairie Operating Co. EVP and CFO Owen Robert Craig gifted 20,000 shares.

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19 Dec 2024director interest notice● Neutral

Prairie Operating Co. President Gary C Hanna received 61,560 shares as part of the equity award.

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19 Dec 2024director interest notice● Neutral

Prairie Operating Co. Chief Executive Officer Kovalik Edward received 61,560 shares as part of the equity award.

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19 Dec 2024debt financing▲ GoodMajor

Prairie established its first real reserve-based bank credit facility, with Citibank as administrative agent: a $1 billion maximum framework with an initial $44 million borrowing base, $28 million drawn at signing -- a more conventional financing tool than the convertible notes and equity lines used to fund the Nickel Road deal.

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