Prairie Operating Co. Q2 revenue rises 45% to $98.9 million; adjusted EBITDA falls to $34.0 million
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 17, 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.