Filing Flows › Prairie Operating (PROP) › Q2 2025
Prairie Operating (PROP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Prairie Operating (PROP) reported revenue of $68.1M for the second quarter 2025 (Q2 2025) and +401% from the quarter before. Operating margin was 27.8%, net earnings $35.7M (52.4% of revenue).
Prairie Operating, Q2 2025: revenue $68.1M, operating margin 27.8%, net earnings $35.7M, operating cash flow −$7.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $68.1M | +401% | — |
| Operating profit | $18.9M | +980% | — |
| Net earnings | $35.7M | — | — |
| Operating cash flow | −$7.2M | -143% | — |
What changed
Revenue was $68.1M in Q2 2025, up 401% from the previous quarter. Crude Oil Sales was the largest line at 85% of revenue.
Operating profit was $18.9M, a 27.8% margin. Net earnings were $35.7M. The effective tax rate was 0.0%. Non-operating items added $16.7M, 47% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$7.2M. Non-cash charges added back $12.3M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $57.6M. Capital expenditures of $452.5M exceeded it, leaving free cash flow of −$459.7M.
Questions
What was Prairie Operating's revenue in the second quarter 2025?
Prairie Operating (PROP) reported revenue of $68.1M for the second quarter 2025 (Q2 2025) and +401% from the quarter before.
Was Prairie Operating profitable in the second quarter 2025?
Operating profit was $18.9M (27.8% of revenue) and net earnings $35.7M.
Source: Prairie Operating 10-Q on SEC EDGAR.