Prairie Operating Co. (PROP) reported second-quarter 2026 revenue of $98.9 million, up about 45% year over year. Net income attributable to common stockholders was $193.8 million, with basic earnings per share of $1.75 and diluted earnings per share of $0.23.
The independent DJ Basin energy company produced 2.0 MMBoe, or 21,866 Boe/d, during the quarter. Prairie updated its 2026 guidance for average daily production to 23,000 to 25,000 Boe/d and capital expenditures to $185 million to $195 million.
- Second-quarter production was 72% liquids, including 50% oil.
- Adjusted EBITDA was $34.0 million, a non-GAAP measure.
- Capital expenditures were $98.5 million during the quarter.
- Prairie drilled 12 wells in the quarter, including two Codell and 10 Niobrara wells.
- As of June 30, 2026, availability under its credit facility was $39.0 million.
$PROP Insider Trading Activity
$PROP insiders have traded $PROP stock on the open market 2 times in the past 6 months. Of those trades, 2 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 purchased 75,500 shares for an estimated $65,685
- 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 67 institutional investors add shares of $PROP stock to their portfolio, and 77 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- 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
- JANE STREET GROUP, LLC removed 823,547 shares (-87.6%) from their portfolio in Q2 2026, for an estimated $594,189
- UBS GROUP AG added 709,268 shares (+237.0%) to their portfolio in Q2 2026, for an estimated $511,736
- 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
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.
