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Ring Energy vs Prairie Operating: REI and PROP compared
Ring Energy is the larger company: $102M of revenue in its latest quarter (Q3 2026) against $98.9M for Prairie Operating (Q2 2026). Prairie Operating is growing faster (+45% against +30% a year earlier). Prairie Operating is more profitable, with an operating margin of 130.3% against 44.5%.
Where the money goes: REI and PROP
Ring Energy (REI) · Q3 2026
Ring Energy, Q3 2026: revenue $102M (+30% year over year), operating margin 44.5%, net loss $16.6M, operating cash flow $63.1M. The chart follows the revenue to costs, profit and cash.
Prairie Operating (PROP) · Q2 2026
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.
| Ring Energy (REI) | Prairie Operating (PROP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $102M | $98.9M |
| Revenue growth, Y/Y | +30% | +45% |
| Operating margin | 44.5% | 130.3% |
| Net earnings | −$16.6M | $109M |
| Net margin | -16.2% | 110.3% |
| Operating cash flow | $63.1M | $52.0M |
Questions
Which is bigger, Ring Energy or Prairie Operating?
Ring Energy is the larger company: $102M of revenue in its latest quarter (Q3 2026) against $98.9M for Prairie Operating (Q2 2026).
Is Ring Energy or Prairie Operating growing faster?
Prairie Operating is growing faster (+45% against +30% a year earlier).
Which is more profitable, Ring Energy or Prairie Operating?
Prairie Operating is more profitable, with an operating margin of 130.3% against 44.5%.
More: Ring Energy earnings · how Ring Energy makes money · Prairie Operating earnings · how Prairie Operating makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.