Condensed Consolidated Statements of Operations - USD ($) |
3 Months Ended | 6 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues: | |||||||
| Crude oil, natural gas, and NGL revenues | $ 98,859,000 | $ 68,100,000 | $ 182,276,000 | $ 80,915,000 | [1] | ||
| Operating expenses: | |||||||
| Lease operating expenses | 13,628,000 | 11,348,000 | 28,469,000 | 13,361,000 | |||
| Transportation and processing expenses | 2,426,000 | 2,234,000 | 4,922,000 | 2,367,000 | |||
| Ad valorem and production taxes | 7,983,000 | 6,416,000 | 14,775,000 | 7,374,000 | |||
| Depreciation, depletion, and amortization | 17,075,000 | 12,265,000 | 32,919,000 | 14,386,000 | |||
| Exploration expenses | 243,000 | 458,000 | 541,000 | 745,000 | |||
| Abandonment and impairment of unproved properties | 196,000 | 0 | 608,000 | 0 | |||
| General and administrative expenses | 11,952,000 | 16,443,000 | 28,838,000 | 21,995,000 | |||
| Total operating expenses | 53,503,000 | 49,164,000 | 111,072,000 | 60,228,000 | |||
| Other income (expenses): | |||||||
| Interest expense | (10,033,000) | (9,124,000) | (18,230,000) | (10,502,000) | |||
| Gain (loss) on derivatives, net | 45,079,000 | 28,150,000 | (131,981,000) | 27,252,000 | |||
| Gain (loss) on adjustment to fair value – financial instrument liabilities | 48,233,000 | (2,373,000) | 16,382,000 | (4,537,000) | |||
| Interest income and other | 196,000 | 94,000 | 389,000 | 166,000 | |||
| Total other income (expenses) | 83,475,000 | 16,747,000 | (133,440,000) | 12,379,000 | |||
| Income (loss) from operations before income taxes | 128,831,000 | 35,683,000 | (62,236,000) | 33,066,000 | |||
| Income tax (expense) benefit | (19,814,000) | 0 | 18,580,000 | 0 | |||
| Net income (loss) attributable to Prairie Operating Co. | 109,017,000 | 35,683,000 | (43,656,000) | 33,066,000 | |||
| Series F preferred stock declared dividends | (2,598,000) | (3,289,000) | (6,268,000) | (3,289,000) | |||
| Series F preferred stock undeclared dividends | 186,000 | (1,402,000) | (780,000) | (1,647,000) | |||
| Remeasurement of Series F preferred stock | 87,189,000 | 17,511,000 | 70,101,000 | (73,101,000) | |||
| Net income (loss) attributable to Prairie Operating Co. common stockholders (in Dollars) | $ 193,794,000 | $ 48,503,000 | $ 19,397,000 | $ (44,971,000) | |||
| Earnings (loss) per common share | |||||||
| Basic earnings (loss) per share (in Dollars per share) | $ 1.75 | $ 1.04 | $ 0.21 | $ (1.27) | |||
| Diluted earnings (loss) per share (in Dollars per share) | $ 0.23 | $ 0.18 | $ (0.41) | $ (1.27) | |||
| Weighted average common shares outstanding | |||||||
| Weighted average common shares outstanding, basic (in Shares) | 107,141,123 | 44,063,281 | 87,711,102 | 35,477,691 | |||
| Weighted average common shares outstanding, diluted (in Shares) | 185,590,890 | 198,365,207 | 183,000,521 | 35,477,691 | |||
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- Definition The amount of net income (loss) attributable to the common stockholders before allocation to participating securities. No definition available.
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- Definition Amount of preferred stock undeclared dividends income statement impact. No definition available.
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- Definition Amount of expense incurred during the reporting period related to the transportation and processing of goods, materials, or products. No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of paid and unpaid preferred stock dividends declared with the form of settlement in stock. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Net Increase or Decrease in the fair value of the embedded derivative or group of embedded derivatives included in earnings in the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of impairment loss for oil and gas properties with unproved reserve in oil- and gas-producing activities. Includes, but is not limited to, previously capitalized cost of drilling exploratory well when proved reserve is not found or when there is substantial doubt about economic or operational viability of project. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of decrease to net income for accretion of temporary equity to its redemption value to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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