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Side-by-side financial comparison of PRIMEENERGY RESOURCES CORP (PNRG) and Prairie Operating Co. (PROP). Click either name above to swap in a different company.

Prairie Operating Co. is the larger business by last-quarter revenue ($77.7M vs $51.0M, roughly 1.5× PRIMEENERGY RESOURCES CORP). PRIMEENERGY RESOURCES CORP runs the higher net margin — 6.6% vs 1.7%, a 5.0% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 9.0%).

PrimeEnergy Resources Corp is an independent energy firm focused on the exploration, development, and production of oil and natural gas. It primarily operates across onshore resource basins in the United States, serving regional energy markets to meet industrial and consumer demand for reliable energy supplies.

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

PNRG vs PROP — Head-to-Head

Bigger by revenue
PROP
PROP
1.5× larger
PROP
$77.7M
$51.0M
PNRG
Higher net margin
PNRG
PNRG
5.0% more per $
PNRG
6.6%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
9.0%
PNRG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PNRG
PNRG
PROP
PROP
Revenue
$51.0M
$77.7M
Net Profit
$3.4M
$1.3M
Gross Margin
97.9%
Operating Margin
3.2%
34.8%
Net Margin
6.6%
1.7%
Revenue YoY
-15.7%
Net Profit YoY
48.7%
111.3%
EPS (diluted)
$1.43
$-0.44

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PNRG
PNRG
PROP
PROP
Q4 25
$51.0M
Q3 25
$46.0M
$77.7M
Q2 25
$42.0M
$68.1M
Q1 25
$50.1M
$13.6M
Q4 24
$60.5M
Q3 24
$69.5M
$0
Q2 24
$64.8M
Q1 24
$43.0M
Net Profit
PNRG
PNRG
PROP
PROP
Q4 25
$3.4M
Q3 25
$10.6M
$1.3M
Q2 25
$3.2M
$35.7M
Q1 25
$9.1M
$-2.6M
Q4 24
$2.3M
Q3 24
$22.1M
$-11.4M
Q2 24
$19.7M
Q1 24
$11.3M
Gross Margin
PNRG
PNRG
PROP
PROP
Q4 25
97.9%
Q3 25
95.6%
Q2 25
97.1%
Q1 25
96.3%
Q4 24
98.8%
Q3 24
95.5%
Q2 24
96.2%
Q1 24
93.5%
Operating Margin
PNRG
PNRG
PROP
PROP
Q4 25
3.2%
Q3 25
28.9%
34.8%
Q2 25
10.0%
27.8%
Q1 25
22.7%
12.9%
Q4 24
6.8%
Q3 24
40.4%
Q2 24
38.1%
Q1 24
33.4%
Net Margin
PNRG
PNRG
PROP
PROP
Q4 25
6.6%
Q3 25
23.0%
1.7%
Q2 25
7.7%
52.4%
Q1 25
18.2%
-19.3%
Q4 24
3.8%
Q3 24
31.8%
Q2 24
30.4%
Q1 24
26.3%
EPS (diluted)
PNRG
PNRG
PROP
PROP
Q4 25
$1.43
Q3 25
$4.38
$-0.44
Q2 25
$1.33
$0.18
Q1 25
$3.72
$-3.49
Q4 24
$0.97
Q3 24
$8.80
$-0.68
Q2 24
$7.77
Q1 24
$4.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PNRG
PNRG
PROP
PROP
Cash + ST InvestmentsLiquidity on hand
$7.4M
$10.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$215.7M
$101.8M
Total Assets
$323.9M
$939.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PNRG
PNRG
PROP
PROP
Q4 25
$7.4M
Q3 25
$3.7M
$10.6M
Q2 25
$2.4M
$10.7M
Q1 25
$2.1M
$15.0M
Q4 24
$2.5M
Q3 24
$1.6M
$40.1M
Q2 24
$2.0M
Q1 24
$1.8M
Total Debt
PNRG
PNRG
PROP
PROP
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PNRG
PNRG
PROP
PROP
Q4 25
$215.7M
Q3 25
$213.8M
$101.8M
Q2 25
$205.2M
$94.2M
Q1 25
$205.0M
$34.0M
Q4 24
$202.9M
Q3 24
$203.8M
$61.3M
Q2 24
$186.3M
Q1 24
$169.4M
Total Assets
PNRG
PNRG
PROP
PROP
Q4 25
$323.9M
Q3 25
$332.0M
$939.8M
Q2 25
$343.0M
$858.5M
Q1 25
$339.3M
$775.4M
Q4 24
$324.6M
Q3 24
$345.6M
$107.2M
Q2 24
$334.8M
Q1 24
$332.9M
Debt / Equity
PNRG
PNRG
PROP
PROP
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PNRG
PNRG
PROP
PROP
Operating Cash FlowLast quarter
$12.2M
$57.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.60×
44.80×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PNRG
PNRG
PROP
PROP
Q4 25
$12.2M
Q3 25
$54.7M
$57.7M
Q2 25
$-8.3M
$-7.2M
Q1 25
$38.2M
$16.9M
Q4 24
$23.9M
Q3 24
$50.8M
$2.8M
Q2 24
$-1.9M
Q1 24
$43.2M
Cash Conversion
PNRG
PNRG
PROP
PROP
Q4 25
3.60×
Q3 25
5.18×
44.80×
Q2 25
-2.58×
-0.20×
Q1 25
4.18×
Q4 24
10.50×
Q3 24
2.30×
Q2 24
-0.10×
Q1 24
3.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PNRG
PNRG

Oil Sales$43.1M84%
Natural Gas Liquid$5.5M11%
Oil And Gas Service$2.0M4%

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

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