Every material Form 8-K Prairie Operating Co. has filed with the SEC since August 17, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Prairie Operating Co. entered a letter agreement with High Trail on August 30, 2026, moving the Anniversary Warrant Issuance Date under its Series F preferred stock purchase agreement from August 31, 2026 to December 1, 2026. The deal also extends the issuance date of a penny warrant for 3,000,000 common shares from August 31 to December 1, 2026, so the company must issue it if the anniversary warrants are not issued by then.
Letter Agreement dated August 30, 2026, between Prairie Operating and Hudson Bay PH XIX LLC (High Trail).
Anniversary Warrant Issuance Date moved from August 31, 2026 to December 1, 2026.
Second Penny Warrant for 3,000,000 common shares at $0.01 per share extended to December 1, 2026.
Filing was signed by Daniel T. Sweeney, Executive Vice President, General Counsel and Corporate Secretary, on August 31, 2026.
Prairie Operating Co. signed a Third Amendment to its credit agreement with Citibank, N.A., effective June 30, 2026, which lowers the minimum current ratio it must maintain for 2026 quarters and adds a minimum hydrocarbon production covenant. The company also agreed with High Trail to move a series of anniversary warrant and penny warrant dates to August 31, 2026, and to waive a current ratio requirement under its Series F preferred stock through December 31, 2026, which could lead to issuance of 3,000,000 shares of common stock at $0.01 per share.
Current ratio minimum cut from 1.00 to 1.00 to 0.50 to 1.00 for the quarter ending June 30, 2026, 0.40 to 1.00 for September 30, 2026, and 0.60 to 1.00 for December 31, 2026.
New production covenant is measured over rolling three-month periods and is first tested on August 31, 2026.
Penny warrant for 3,000,000 common shares at $0.01 per share moves from August 14, 2026 to August 31, 2026, if anniversary warrants are not issued to High Trail.
Limited waiver on the Series F preferred current ratio requirement runs until 11:59 p.m. New York City time on December 31, 2026, and is conditioned on the ratio not falling below the amended thresholds.
Prairie Operating Co. reported second-quarter 2026 revenue of $98.9 million, up about 45% from a year earlier, and net income attributable to common stockholders of $193.8 million, or $0.23 diluted EPS. Adjusted EBITDA was $34.0 million, down from $38.6 million a year earlier, and the company also amended its credit facility on August 14, 2026 and adjusted its full-year 2026 guidance, so shareholders face mixed signals on operating profit and balance-sheet changes.
Q2 2026 revenue of $98.9 million versus $68.1 million in Q2 2025; adjusted EBITDA of $34.0 million versus $38.6 million
Q2 net income to common stockholders of $193.8 million was helped by non-cash items, including a $48.2 million fair value gain and a $45.1 million derivative gain
Six-month 2026 net loss attributable to Prairie of $43.7 million; diluted EPS of $(0.41)
Full-year 2026 adjusted EBITDA guidance of $180.0 million to $190.0 million; credit facility amendment dated August 14, 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Prairie Operating Co. filing is on SEC EDGAR ↗. 8-K briefs of other companies →