secwatch.observer — SEC 8-K summary
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Issuer:     Prairie Operating Co. (PROP)
CIK:        0001162896
Form:       8-K
Filed at:   2026-05-14T20:18:42+00:00
Accession:  0001140361-26-021309
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prairie Operating Q1 production 23,200 Boe/d; revenue $83.4M (+500% QoQ)
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- Total production 2.1 MMBoe (23,200 Boe/d); 72% liquids (48% oil).
- Revenue $83.4M, up >500% QoQ; Adjusted EBITDA $37.2M, up >600% QoQ.
- Recently drilled wells completed below AFE; hedging program extended through Q2 2029.
- Partial Series F Preferred refinancing in April reduced outstanding balance and warrant dilution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1162896/000114036126021309/0001140361-26-021309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1162896/000114036126021309/ef20072808_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-021309

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer