Filing Flows › Prairie Operating (PROP) › Q2 2026
Prairie Operating (PROP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Prairie Operating (PROP) reported revenue of $98.9M for the second quarter 2026 (Q2 2026), +45% from a year earlier and +19% from the quarter before. Operating margin was 130.3%, net earnings $109M (110.3% of revenue).
Prairie Operating, Q2 2026: revenue $98.9M (+45% year over year), operating margin 130.3%, net earnings $109M, operating cash flow $52.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $98.9M | +19% | +45% |
| Operating profit | $129M | — | +580% |
| Net earnings | $109M | — | +206% |
| Operating cash flow | $52.0M | +23% | — |
What changed
Revenue was $98.9M in Q2 2026, up 45% year over year and up 19% from the previous quarter.
Operating profit was $128.8M, a 130.3% margin (up 102.5 points year over year). Of the extra revenue versus Q2 2025, 357% reached operating profit, above the 28% margin then. Net earnings were $109.0M, up 206% year over year. The effective tax rate was 15.4%.
Operating cash flow was $52.0M, 48% of net earnings. Non-cash charges added back $17.1M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $77.4M. Capital expenditures of $98.5M exceeded it, leaving free cash flow of −$46.5M.
Questions
What was Prairie Operating's revenue in the second quarter 2026?
Prairie Operating (PROP) reported revenue of $98.9M for the second quarter 2026 (Q2 2026), +45% from a year earlier and +19% from the quarter before.
Was Prairie Operating profitable in the second quarter 2026?
Operating profit was $129M (130.3% of revenue) and net earnings $109M.
Source: Prairie Operating 10-Q on SEC EDGAR.