Prairie Operating Co. (PROP): Entry into a Material Definitive Agreement

Prairie Operating Co. (PROP) reported Q2 2026 revenue of $98.9M, up 45% YoY but below expectations. EPS was $0.23. Production grew to 21,866 Boe/d, with 72% liquids. Adjusted EBITDA fell to $34M. Guidance was revised, and liquidity remains tight with $39M in borrowing availability.

Prairie Operating Co (PROP) reported Q2 2026 results and discussed operations and financing. Total revenue rose about 45% YoY to $98.9M, with adjusted EBITDA of $34M and operating cash flow of about $52M. CEO said production should fluctuate 26,000-28,000 BOE/day through Q3. The company reduced Series F preferred balance to $78M and is pursuing refinancing.

Prairie Operating (NASDAQ:PROP) reported Q2 2026 revenue of $98.9 million, up about 45% year over year, with adjusted EBITDA of $34 million. It posted 1.99 MMBoe production and $98.5 million capex. For 2026, the company expects 23,000–25,000 Boe/d and adjusted EBITDA of $180–$190 million. Shares rose about 19% premarket to $1.00.

Prairie Operating Co. (PROP) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Prairie Operating Co. Announces Second Quarter 2026 Results Houston, Texas, August 17, 2026 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company,” “Prairie,” “we,” “our,” or “us”) – an independent energy company engaged in the development and acquisi

Prairie Operating Co. (Nasdaq: PROP) said it entered a second amendment to its credit agreement with Citibank and its lending syndicate, reaffirming a $475 million borrowing base. The company also reached an agreement with Hudson Bay PH XIX LLC on its remaining Series F convertible preferred stock, extending the anniversary warrant date to Aug. 7, 2026, reducing the warrant issuance formula to 65% (from 75%), and allowing 78,000 preferred shares to convert into up to 98 million common shares.

Elevra Lithium Ltd (ASX:ELV) outlined its growth strategy for North American Lithium (NAL) in Quebec, targeting 373,000 tonnes of spodumene concentrate annually. FY26 production was 197,967 tonnes, with revenue of US$202 million. The company plans a three-stage expansion, with initial capital expenditure of US$271 million. FY27 production guidance is 198,000 to 210,000 tonnes.