Prairie Operating Co. (PROP) reported third-quarter 2026 revenue of $129.5 million, up 31% from the prior quarter, as sales volumes rose 21% to 2.4 MMBoe, or 26,117 Boe per day.
The company reported a net loss attributable to common stockholders of $34.0 million, or $0.26 per basic share and $0.28 per diluted share, for the quarter ended September 30, 2026.
- Adjusted EBITDA was $65.3 million, up 92% from the prior quarter.
- Oil represented about 56% of sales volumes, while liquids represented about 77%.
- Lease operating expense was $5.71 per Boe, down 17% from the prior quarter.
- Production reached approximately 30,229 Boe per day at the end of September and approximately 32,287 Boe per day by early October.
- Year-to-date revenue totaled $311.8 million, up approximately 97% year over year.
$PROP Insider Trading Activity
$PROP insiders have traded $PROP stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $PROP stock by insiders over the last 6 months:
- RICHARD N. FROMMER has made 2 purchases buying 103,500 shares for an estimated $78,285 and 0 sales.
- DANIEL T. SWEENEY (EVP, GC and Corp. Sec.) purchased 15,925 shares for an estimated $14,173
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PROP Hedge Fund Activity
We have seen 44 institutional investors add shares of $PROP stock to their portfolio, and 91 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SL ADVISORS, LLC added 2,412,500 shares (+inf%) to their portfolio in Q3 2026, for an estimated $992,743
- AQR CAPITAL MANAGEMENT LLC added 2,134,866 shares (+958.6%) to their portfolio in Q2 2026, for an estimated $1,540,305
- HUDSON BAY CAPITAL MANAGEMENT LP removed 1,546,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $1,115,439
- BLACKROCK, INC. removed 1,158,379 shares (-56.8%) from their portfolio in Q2 2026, for an estimated $835,770
- MILLENNIUM MANAGEMENT LLC added 525,876 shares (+inf%) to their portfolio in Q2 2026, for an estimated $379,419
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 522,169 shares (-37.8%) from their portfolio in Q2 2026, for an estimated $376,744
- GOLDMAN SACHS GROUP INC removed 503,633 shares (-96.4%) from their portfolio in Q2 2026, for an estimated $363,371
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
