v3.26.1
Condensed Consolidated Statement of Stockholders’ Equity - USD ($)
$ in Thousands
Preferred Stock [Member]
Series D Preferred Stock [Member]
Common Stock [Member]
Series D Preferred Stock [Member]
Common Stock [Member]
Series F Preferred Stock [Member]
Common Stock [Member]
Bayswater Acquisition [Member]
Common Stock [Member]
Treasury Stock [Member]
Series D Preferred Stock [Member]
Treasury Stock [Member]
Series F Preferred Stock [Member]
Treasury Stock [Member]
Bayswater Acquisition [Member]
Treasury Stock [Member]
Additional Paid In Capital [Member]
Series D Preferred Stock [Member]
Additional Paid In Capital [Member]
Series F Preferred Stock [Member]
Additional Paid In Capital [Member]
Bayswater Acquisition [Member]
Additional Paid In Capital [Member]
Accumulated Deficit [Member]
Series D Preferred Stock [Member]
Accumulated Deficit [Member]
Series F Preferred Stock [Member]
Accumulated Deficit [Member]
Bayswater Acquisition [Member]
Accumulated Deficit [Member]
Series D Preferred Stock [Member]
Series F Preferred Stock [Member]
Bayswater Acquisition [Member]
Total
Balance at Dec. 31, 2024 $ 0       $ 230       $ 0       $ 172,304       $ (119,766)       $ 52,768
Balance (in Shares) at Dec. 31, 2024 14,457       23,045,209                                
Balance (in Shares) at Dec. 31, 2024                 0                        
Conversion of Preferred Stock $ 0 $ 17 $ 3     $ 0 $ 0     $ (17) $ 1,348     $ 0 $ 0     $ 0 $ 1,351    
Conversion of Preferred Stock (in Shares) (8,475) 1,695,000 252,000                                    
Issuance of Common Stock upon option exercise         $ 23       $ 0       560       0       583
Issuance of Common Stock upon option exercise (in Shares)         2,333,334                                
Issuance of Common Stock upon Senior Convertible Note conversion         $ 21       0       18,143       0       18,164
Issuance of Common Stock upon Senior Convertible Note conversion (in Shares)         2,118,862                                
Issuance of Common Stock to fund Bayswater Acquisition, net of issuance costs       $ 97       $ 0       $ 37,565       $ 0       $ 37,662  
Issuance of Common Stock to fund Bayswater Acquisition, net of issuance costs (in Shares)       9,736,904                                  
Issuance of Common Stock to seller as part of Bayswater Acquisition       $ 37       $ 0       $ 15,963       $ 0       $ 16,000  
Issuance of Common Stock to seller as part of Bayswater Acquisition (in Shares)       3,656,099                                  
Issuance of Common Stock related to stock–based compensation         $ 1       0       (1)       0       0
Issuance of Common Stock related to stock–based compensation (in Shares)         144,915                                
Purchase of treasury stock         $ 0       $ (336)       0       0       (336)
Purchase of treasury stock (in Shares)         (40,196)       40,196                        
Stock–based compensation         $ 0       $ 0       1,324       0       1,324
Series F Preferred Stock undeclared dividends         0       0       (245)       0       (245)
Remeasurement of Series F Preferred Stock         0       0       (90,612)       0       (90,612)
Net income (loss) attributable to Prairie Operating Co.         0       0       0       (2,617)       (2,617)
Balance at Mar. 31, 2025 $ 0       $ 429       $ (336)       156,332       (122,383)       34,042
Balance (in Shares) at Mar. 31, 2025 5,982       42,942,127                                
Balance (in Shares) at Mar. 31, 2025                 40,196                        
Balance at Dec. 31, 2024 $ 0       $ 230       $ 0       172,304       (119,766)       52,768
Balance (in Shares) at Dec. 31, 2024 14,457       23,045,209                                
Balance (in Shares) at Dec. 31, 2024                 0                        
Issuance of Common Stock upon Senior Convertible Note conversion [1]                                         18,164
Issuance of Common Stock to seller as part of Bayswater Acquisition [2]                                         16,000
Series F Preferred Stock undeclared dividends                                     0    
Net income (loss) attributable to Prairie Operating Co.                                         33,066
Balance at Jun. 30, 2025 $ 0       $ 456       $ (418)       180,835       (86,700)       94,173
Balance (in Shares) at Jun. 30, 2025 5,982       45,618,567                                
Balance (in Shares) at Jun. 30, 2025                 57,245                        
Balance at Dec. 31, 2024 $ 0       $ 230       $ 0       172,304       (119,766)       52,768
Balance (in Shares) at Dec. 31, 2024 14,457       23,045,209                                
Balance (in Shares) at Dec. 31, 2024                 0                        
Balance at Dec. 31, 2025 $ 0       $ 625       $ (531)       217,785       (87,715)       $ 130,164
Balance (in Shares) at Dec. 31, 2025 5,982       62,499,375                                
Balance (in Shares) at Dec. 31, 2025                 111,357                       111,357
Balance at Mar. 31, 2025 $ 0       $ 429       $ (336)       156,332       (122,383)       $ 34,042
Balance (in Shares) at Mar. 31, 2025 5,982       42,942,127                                
Balance (in Shares) at Mar. 31, 2025                 40,196                        
Conversion of Preferred Stock $ 0   $ 8       0       3,413       0       3,421    
Conversion of Preferred Stock (in Shares)     774,000                                    
Issuance of Common Stock for Series F Preferred Stock dividends         $ 13       $ 0       3,276       0       3,289
Issuance of Common Stock for Series F Preferred Stock dividends (in Shares)         1,305,000                                
Issuance of Common Stock upon option exercise         $ 5       0       45       0       50
Issuance of Common Stock upon option exercise (in Shares)         483,870                                
Issuance of Common Stock related to stock–based compensation         $ 1       0       (1)       0       0
Issuance of Common Stock related to stock–based compensation (in Shares)         130,619                                
Purchase of treasury stock         $ 0       $ (82)       0       0       (82)
Purchase of treasury stock (in Shares)         (17,049)       17,049                        
Stock–based compensation         $ 0       $ 0       2,398       0       2,398
Adjustment to prior Common Stock issuance costs         0       0       2,552       0       2,552
Series F Preferred Stock declared dividends         0       0       (3,289)       0       (3,289)
Series F Preferred Stock undeclared dividends         0       0       (1,402)       0   0   (1,402)
Remeasurement of Series F Preferred Stock         0       0       17,511       0       17,511
Net income (loss) attributable to Prairie Operating Co.         0       0       0       35,683       35,683
Balance at Jun. 30, 2025 $ 0       $ 456       $ (418)       180,835       (86,700)       94,173
Balance (in Shares) at Jun. 30, 2025 5,982       45,618,567                                
Balance (in Shares) at Jun. 30, 2025                 57,245                        
Balance at Dec. 31, 2025 $ 0       $ 625       $ (531)       217,785       (87,715)       $ 130,164
Balance (in Shares) at Dec. 31, 2025 5,982       62,499,375                                
Balance (in Shares) at Dec. 31, 2025                 111,357                       111,357
Conversion of Preferred Stock $ 0   $ 181       0       36,005       0       36,186    
Conversion of Preferred Stock (in Shares)     18,102,300                                    
Issuance of Common Stock for Series F Preferred Stock dividends         $ 24       $ 0       3,463       0       $ 3,487
Issuance of Common Stock for Series F Preferred Stock dividends (in Shares)         2,352,000                                
Issuance of Common Stock related to stock–based compensation         $ 29       0       (29)       0       0
Issuance of Common Stock related to stock–based compensation (in Shares)         2,925,368                                
Purchase of treasury stock         $ (5)       $ (1,188)       5       0       (1,188)
Purchase of treasury stock (in Shares)         (547,739)       547,739                        
Equity restricted stock unit vesting         $ 0       $ 0       415       0       415
Stock–based compensation         0       0       5,733       0       5,733
Series F Preferred Stock declared dividends         0       0       (3,670)       0       (3,670)
Series F Preferred Stock undeclared dividends         0       0       (966)       0       (966)
Remeasurement of Series F Preferred Stock         0       0       (17,088)       0       (17,088)
Net income (loss) attributable to Prairie Operating Co.         0       0       0       (152,673)       (152,673)
Balance at Mar. 31, 2026 $ 0       $ 854       $ (1,719)       241,653       (240,388)       400
Balance (in Shares) at Mar. 31, 2026 5,982       85,331,304                                
Balance (in Shares) at Mar. 31, 2026                 659,096                        
Balance at Dec. 31, 2025 $ 0       $ 625       $ (531)       217,785       (87,715)       $ 130,164
Balance (in Shares) at Dec. 31, 2025 5,982       62,499,375                                
Balance (in Shares) at Dec. 31, 2025                 111,357                       111,357
Issuance of Common Stock upon Senior Convertible Note conversion [1]                                         $ 0
Issuance of Common Stock to seller as part of Bayswater Acquisition [2]                                         0
Series F Preferred Stock undeclared dividends                                     966    
Net income (loss) attributable to Prairie Operating Co.                                         (43,656)
Balance at Jun. 30, 2026 $ 0       $ 1,060       $ (1,778)       355,060       (131,371)       $ 222,971
Balance (in Shares) at Jun. 30, 2026 44       105,828,010                                
Balance (in Shares) at Jun. 30, 2026                 715,955                       715,955
Balance at Mar. 31, 2026 $ 0       $ 854       $ (1,719)       241,653       (240,388)       $ 400
Balance (in Shares) at Mar. 31, 2026 5,982       85,331,304                                
Balance (in Shares) at Mar. 31, 2026                 659,096                        
Conversion of Preferred Stock $ 0 $ 33 $ 44     $ 0 $ 0     $ (33) $ 9,628     $ 0 $ 0     $ 0 9,672    
Conversion of Preferred Stock (in Shares) (5,938) 3,276,147 4,352,402                                    
Issuance of Common Stock for Series F Preferred Stock dividends         $ 34       $ 0       2,493       0       2,527
Issuance of Common Stock for Series F Preferred Stock dividends (in Shares)         3,385,816                                
Issuance of Series F Preferred Stock Penny Warrants         $ 0       0       11,495       0       11,495
Issuance of Common Stock upon Series F Preferred Stock First Penny Warrant exercise         $ 40       0       0       0       40
Issuance of Common Stock upon Series F Preferred Stock First Penny Warrant exercise (in Shares)         4,000,000                                
Issuance of Common Stock upon option exercise         $ 42       0       (42)       0       0
Issuance of Common Stock upon option exercise (in Shares)         4,182,572                                
Issuance of Common Stock under ATM, net of issuance costs         $ 8       0       1,787       0       1,795
Issuance of Common Stock under ATM, net of issuance costs (in Shares)         772,594                                
Issuance of Common Stock related to stock–based compensation         $ 6       0       (6)       0       0
Issuance of Common Stock related to stock–based compensation (in Shares)         584,034                                
Purchase of treasury stock         $ (1)       $ (59)       1       0       (59)
Purchase of treasury stock (in Shares)         (56,859)       56,859                        
Stock–based compensation         $ 0       $ 0       3,307       0       3,307
Series F Preferred Stock declared dividends         0       0       (2,598)       0       (2,598)
Series F Preferred Stock undeclared dividends         0       0       186       0   $ 966   186
Remeasurement of Series F Preferred Stock         0       0       87,189       0       87,189
Net income (loss) attributable to Prairie Operating Co.         0       0       0       109,017       109,017
Balance at Jun. 30, 2026 $ 0       $ 1,060       $ (1,778)       $ 355,060       $ (131,371)       $ 222,971
Balance (in Shares) at Jun. 30, 2026 44       105,828,010                                
Balance (in Shares) at Jun. 30, 2026                 715,955                       715,955
[1] During the six months ended June 30, 2025, YA II PN, LTD. (“Yorkville”), converted the remaining $11.3 million of the initial $15.0 million convertible promissory note (the “Senior Convertible Note”) in exchange for 2.1 million shares of Common Stock. Refer to Note 9 – Debt for a discussion of the Senior Convertible Note.
[2] The Company issued approximately 3.7 million shares of Common Stock to Bayswater (as defined herein) as part of the Bayswater Purchase Price (as defined herein). Refer to Note 3 – Acquisitions for a discussion of the Bayswater Acquisition (as defined herein).