Prairie Operating (PROP)
Develops crude oil, natural gas, and NGL assets in Colorado's DJ Basin.
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Acquires, develops, and produces crude oil, natural gas, and natural-gas liquids from Colorado's DJ Basin. Crude oil supplies most revenue, while an acquisition-built portfolio concentrates operations in the DJ Basin.
Acquires, develops, and produces crude oil, natural gas, and natural-gas liquids through a single reportable segment. Central Weld and Genesis form the operating base, with crude oil supplying most revenue.
Operations are concentrated in Colorado's DJ Basin, where acquisitions assembled the current footprint. The operating model pairs property purchases with development of unconventional resources in the Niobrara and Codell formations.
Results depend on commodity prices, drilling and completion performance, reserve estimates, and access to processing and transportation infrastructure. The basin-focused footprint also ties operations to Colorado regulation, regional natural events, and midstream interruptions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $21.0K · Total debt $483.8M · Total assets $1.01B · Shareholders' equity $223.0M
- Revenue
- $98.9M
- Operating income
- $45.6M
- Net income
- $109.0M
No dividends on record.
| Institutions126 holders · as of Mar 31, 2026 · largest filers plus last quarter's tail | ≈ 18.44% | 18.02M shares | |
| Insiders11 holders · as of Jul 23, 2026 | 6.39% | 6.25M shares | |
| Strategic holders2 holders · as of Aug 4, 2026 | 24.43% | 23.87M shares | |
| Otherremainder | ≈ 50.74% | 49.59M shares |
97.73M company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (112.80M in the company's Sep 3, 2026 report, 97.73M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family TrustStrategic10 percent owner | 15.84% | 15.48M | Form 4filed Jan 2, 2026 ↗ |
PSM Holdings LLCStrategic | 8.59% | 8.39M | 13Gfiled Aug 4, 2026 ↗ |
BlackRock, Inc.Institution | 2.09% | 2.04M | 13Fas of Mar 31, 2026 |
Jonathan H. GrayInsiderdirector | 1.73% | 1.69M | Form 4filed Jul 23, 2026 ↗ |
Hudson Bay Capital Management LPInstitution | 1.58% | 1.55M | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 19, 2026 | Daniel T. Sweeney | officer: EVP, GC and Corp. Sec. | +15,925 | $0.8900 |
| May 19, 2026 | Richard N. Frommer | director | +75,500 | $0.8700 |
| Dec 29, 2025 | Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust | 10 percent owner | +210,981 | $1.61 |
| Dec 19, 2025 | Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust | 10 percent owner | +33,825 | $1.68 |
| Dec 24, 2025 | Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust | 10 percent owner | +50,000 | $1.68 |
- Chevron
Largest DJ Basin oil operator and diversified upstream major
- Occidental Petroleum
Major DJ Basin oil and gas operator with Rockies scale
- SM Energy
Legacy Civitas assets create a scaled oil-focused DJ Basin rival
- PEDEVCO
Smaller public E&P with direct Wattenberg and DJ Basin overlap
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Prairie Operating | $0.4700 | +2.84% | $44.7M | — | 1.1 | 0.1 | +45.2% |
| Chevron | $211.91 | +0.05% | $421.74B | 20.3 | 13.8 | 2.0 | +57.9% |
| Occidental Petroleum | $61.09 | +0.31% | $60.58B | 9.4 | 13.6 | 2.4 | +27.7% |
| SM Energy | $38.96 | +1.71% | $9.18B | 9.9 | 5.6 | 1.7 | +218.4% |
| PEDEVCO | $14.13 | +2.61% | $190.6M | — | 16.3 | 1.6 | +561.4% |
| Median | 9.9 | 13.7 | 1.8 | +138.2% |