Prairie Operating Co. (PROP) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
55 WAUGH DRIVE HOUSTON, TX 77007 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,192 | 13,037 | 246 | 2,785 | 1,898 | 2,778 | |||
| Cash and cash equivalent | 5,192 | 13,037 | 246 | 2,785 | 1,898 | 2,778 | |||
| Receivables | 494 | 0 | 33 | 0 | |||||
| Inventory, net of allowances, customer advances and progress billings | 19 | 221 | |||||||
| Inventory | 19 | 221 | |||||||
| Prepaid expense | 317 | 164 | 41 | 108 | 62 | 98 | |||
| Derivative instruments and hedges, assets | |||||||||
| Deposits current assets | 4,674 | 7,613 | |||||||
| Other undisclosed current assets | 12,299 | 330 | 90 | 303 | 4 | 342 | |||
| Total current assets: | 18,302 | 13,531 | 5,051 | 10,828 | 2,217 | 3,218 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,323 | 155 | 127 | 244 | 171 | ||||
| Property, plant and equipment | 134,620 | 31,888 | 1,632 | 2,226 | 59 | 58 | |||
| Intangible assets, net (including goodwill) | 132 | ||||||||
| Intangible assets, net (excluding goodwill) | 132 | ||||||||
| Derivative instruments and hedges | |||||||||
| Deposits noncurrent assets | 382 | 110 | 18 | ||||||
| Deferred costs | 109 | ||||||||
| Other noncurrent assets | 1,759 | ||||||||
| Other receivable, after allowance for credit loss | 168 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent assets | 18 | 9 | |||||||
| Total noncurrent assets: | 138,252 | 32,152 | 1,742 | 2,372 | 453 | 238 | |||
| TOTAL ASSETS: | 156,554 | 45,683 | 6,793 | 13,200 | 2,670 | 3,456 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 38,225 | 5,374 | 3,233 | 802 | 3,474 | 3,318 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 2,232 | ||||
| Accounts payable | 33,856 | 2,296 | |||||||
| Accrued liabilities | 1,798 | 1,154 | 3,056 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 2,571 | 1,925 | 177 | (1,430) | 3,474 | 3,318 | |||
| Deferred revenue | 759 | 1,568 | |||||||
| Debt | 12,555 | 6,394 | 2,500 | 2,500 | 2,593 | ||||
| Derivative instruments and hedges, liabilities | 2,446 | ||||||||
| Disposal group, including discontinued operation | 486 | 472 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | 224 | 224 | ||||
| Other undisclosed current liabilities | 9,783 | 42 | 3,056 | 2,266 | 109 | ||||
| Total current liabilities: | 63,009 | 5,416 | 13,168 | 6,039 | 7,066 | 7,704 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,601 | 2,449 | 2,009 | ||||||
| Long-term debt, excluding current maturities | 2,500 | 2,312 | 1,929 | ||||||
| Liabilities, other than long-term debt | 2,992 | 94 | |||||||
| Other liabilities | |||||||||
| Operating lease, liability | 1,043 | 94 | 101 | 138 | 80 | ||||
| Derivative instruments and hedges, liabilities | 1,949 | ||||||||
| Other undisclosed noncurrent liabilities | 37,785 | 150 | 260 | (138) | |||||
| Total noncurrent liabilities: | 40,777 | 94 | 150 | 2,963 | 2,449 | 2,009 | |||
| Total liabilities: | 103,786 | 5,510 | 13,318 | 9,002 | 9,515 | 9,713 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 52,768 | 40,173 | (6,525) | 4,198 | (6,832) | (6,244) | |||
| Preferred stock | 0 | ||||||||
| Common stock | 230 | 98 | 1 | 1 | 0 | 0 | |||
| Treasury stock, value | |||||||||
| Additional paid in capital | 172,304 | 118,928 | 54,202 | 51,507 | 23,206 | 21,854 | |||
| Accumulated deficit | (119,766) | (78,854) | (60,729) | (47,310) | (30,039) | (28,099) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | |||||||
| Equity, attributable to noncontrolling interest | (12) | (12) | |||||||
| Other undisclosed equity | 0 | 0 | |||||||
| Total equity: | 52,768 | 40,173 | (6,525) | 4,198 | (6,845) | (6,257) | |||
| TOTAL LIABILITIES AND EQUITY: | 156,554 | 45,683 | 6,793 | 13,200 | 2,670 | 3,456 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,939 | 1,546 | 518 | 808 | 4,518 | 10,578 | ||
| Gain on disposition of assets for financial service operations | ||||||||
| Cost of revenue | (3,007) | (9,674) | ||||||
| Gross profit: | 7,939 | 1,546 | 518 | 808 | 1,512 | 905 | ||
| Operating expenses | (34,452) | (35,137) | (8,124) | (18,895) | (2,829) | (2,762) | ||
| Other undisclosed operating income | ||||||||
| Operating income (loss): | (26,513) | (33,591) | (7,607) | (18,087) | (1,317) | (1,857) | ||
| Nonoperating expense | (13,354) | (45,487) | (5,794) | (992) | (623) | (304) | ||
| Interest and debt expense | (3,039) | (122) | (614) | (1,175) | (633) | (304) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (42,906) | (79,201) | (14,015) | (20,254) | (2,574) | (2,466) | ||
| Other undisclosed income from continuing operations before income taxes | 3,039 | 122 | 614 | 1,175 | 633 | 304 | ||
| Income (loss) from continuing operations: | (39,867) | (79,079) | (13,401) | (19,079) | (1,940) | (2,162) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (17,271) | (1,940) | (2,162) | |
| Income (loss) from discontinued operations | (1,045) | (18) | 1,808 | |||||
| Other undisclosed net loss | (0) | |||||||
| Net income (loss): | (40,912) | (79,079) | (13,419) | (17,271) | (1,941) | (2,162) | ||
| Other undisclosed net income attributable to parent | 86 | |||||||
| Net income (loss) attributable to parent: | (40,912) | (79,079) | (13,419) | (17,271) | (1,855) | (2,162) | ||
| Preferred stock dividends and other adjustments | (364) | (372) | ||||||
| Other undisclosed net income available to common stockholders, basic | ||||||||
| Net loss available to common stockholders, basic: | (40,912) | (79,079) | (13,783) | (17,643) | (1,855) | (2,162) | ||
| Other undisclosed net loss available to common stockholders, diluted | ||||||||
| Net loss available to common stockholders, diluted: | (40,912) | (79,079) | (13,783) | (17,643) | (1,855) | (2,162) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (40,912) | (79,079) | (13,419) | (17,271) | (1,941) | (2,162) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (40,912) | (79,079) | (13,419) | (17,271) | (1,941) | (2,162) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.