diff --git a/operator/CHANGELOG.md b/operator/CHANGELOG.md
index 0765a9558ac4..88341b0feb52 100644
--- a/operator/CHANGELOG.md
+++ b/operator/CHANGELOG.md
@@ -4,6 +4,7 @@
 
 - [11232](https://github.com/grafana/loki/pull/11232) **periklis**: Update dependencies and dev tools
 - [11129](https://github.com/grafana/loki/pull/11129) **periklis**: Update deps to secure webhooks for CVE-2023-44487
+- [11778](https://github.com/grafana/loki/pull/11778) **periklis**: Update Loki operand to v2.9.4
 - [11624](https://github.com/grafana/loki/pull/11624) **xperimental**: React to changes in ConfigMap used for storage CA
 
 ## Release 5.8.2
diff --git a/operator/bundle/community-openshift/manifests/loki-operator.clusterserviceversion.yaml b/operator/bundle/community-openshift/manifests/loki-operator.clusterserviceversion.yaml
index 09490529b70a..70171fba71c7 100644
--- a/operator/bundle/community-openshift/manifests/loki-operator.clusterserviceversion.yaml
+++ b/operator/bundle/community-openshift/manifests/loki-operator.clusterserviceversion.yaml
@@ -150,7 +150,7 @@ metadata:
     categories: OpenShift Optional, Logging & Tracing
     certified: "false"
     containerImage: docker.io/grafana/loki-operator:0.4.0
-    createdAt: "2024-01-22T10:23:09Z"
+    createdAt: "2024-01-26T13:17:45Z"
     description: The Community Loki Operator provides Kubernetes native deployment
       and management of Loki and related logging components.
     features.operators.openshift.io/disconnected: "true"
@@ -1669,7 +1669,7 @@ spec:
                 - /manager
                 env:
                 - name: RELATED_IMAGE_LOKI
-                  value: docker.io/grafana/loki:2.9.3
+                  value: docker.io/grafana/loki:2.9.4
                 - name: RELATED_IMAGE_GATEWAY
                   value: quay.io/observatorium/api:latest
                 - name: RELATED_IMAGE_OPA
@@ -1792,7 +1792,7 @@ spec:
   provider:
     name: Grafana Loki SIG Operator
   relatedImages:
-  - image: docker.io/grafana/loki:2.9.3
+  - image: docker.io/grafana/loki:2.9.4
     name: loki
   - image: quay.io/observatorium/api:latest
     name: gateway
diff --git a/operator/bundle/community/manifests/loki-operator.clusterserviceversion.yaml b/operator/bundle/community/manifests/loki-operator.clusterserviceversion.yaml
index 88a570a5fa7c..982db72acdc2 100644
--- a/operator/bundle/community/manifests/loki-operator.clusterserviceversion.yaml
+++ b/operator/bundle/community/manifests/loki-operator.clusterserviceversion.yaml
@@ -150,7 +150,7 @@ metadata:
     categories: OpenShift Optional, Logging & Tracing
     certified: "false"
     containerImage: docker.io/grafana/loki-operator:0.4.0
-    createdAt: "2024-01-22T10:23:07Z"
+    createdAt: "2024-01-26T13:17:43Z"
     description: The Community Loki Operator provides Kubernetes native deployment
       and management of Loki and related logging components.
     operators.operatorframework.io/builder: operator-sdk-unknown
@@ -1649,7 +1649,7 @@ spec:
                 - /manager
                 env:
                 - name: RELATED_IMAGE_LOKI
-                  value: docker.io/grafana/loki:2.9.3
+                  value: docker.io/grafana/loki:2.9.4
                 - name: RELATED_IMAGE_GATEWAY
                   value: quay.io/observatorium/api:latest
                 - name: RELATED_IMAGE_OPA
@@ -1760,7 +1760,7 @@ spec:
   provider:
     name: Grafana Loki SIG Operator
   relatedImages:
-  - image: docker.io/grafana/loki:2.9.3
+  - image: docker.io/grafana/loki:2.9.4
     name: loki
   - image: quay.io/observatorium/api:latest
     name: gateway
diff --git a/operator/bundle/openshift/manifests/loki-operator.clusterserviceversion.yaml b/operator/bundle/openshift/manifests/loki-operator.clusterserviceversion.yaml
index 4a4ade846639..1a0a4d4346c6 100644
--- a/operator/bundle/openshift/manifests/loki-operator.clusterserviceversion.yaml
+++ b/operator/bundle/openshift/manifests/loki-operator.clusterserviceversion.yaml
@@ -150,7 +150,7 @@ metadata:
     categories: OpenShift Optional, Logging & Tracing
     certified: "false"
     containerImage: quay.io/openshift-logging/loki-operator:0.1.0
-    createdAt: "2024-01-22T10:23:11Z"
+    createdAt: "2024-01-26T13:17:48Z"
     description: |
       The Loki Operator for OCP provides a means for configuring and managing a Loki stack for cluster logging.
       ## Prerequisites and Requirements
@@ -1654,7 +1654,7 @@ spec:
                 - /manager
                 env:
                 - name: RELATED_IMAGE_LOKI
-                  value: quay.io/openshift-logging/loki:v2.9.3
+                  value: quay.io/openshift-logging/loki:v2.9.4
                 - name: RELATED_IMAGE_GATEWAY
                   value: quay.io/observatorium/api:latest
                 - name: RELATED_IMAGE_OPA
@@ -1777,7 +1777,7 @@ spec:
   provider:
     name: Red Hat
   relatedImages:
-  - image: quay.io/openshift-logging/loki:v2.9.3
+  - image: quay.io/openshift-logging/loki:v2.9.4
     name: loki
   - image: quay.io/observatorium/api:latest
     name: gateway
diff --git a/operator/config/overlays/community-openshift/manager_related_image_patch.yaml b/operator/config/overlays/community-openshift/manager_related_image_patch.yaml
index e9c5435287a8..0b11adb57bbe 100644
--- a/operator/config/overlays/community-openshift/manager_related_image_patch.yaml
+++ b/operator/config/overlays/community-openshift/manager_related_image_patch.yaml
@@ -9,7 +9,7 @@ spec:
         - name: manager
           env:
           - name: RELATED_IMAGE_LOKI
-            value: docker.io/grafana/loki:2.9.3
+            value: docker.io/grafana/loki:2.9.4
           - name: RELATED_IMAGE_GATEWAY
             value: quay.io/observatorium/api:latest
           - name: RELATED_IMAGE_OPA
diff --git a/operator/config/overlays/community/manager_related_image_patch.yaml b/operator/config/overlays/community/manager_related_image_patch.yaml
index e9c5435287a8..0b11adb57bbe 100644
--- a/operator/config/overlays/community/manager_related_image_patch.yaml
+++ b/operator/config/overlays/community/manager_related_image_patch.yaml
@@ -9,7 +9,7 @@ spec:
         - name: manager
           env:
           - name: RELATED_IMAGE_LOKI
-            value: docker.io/grafana/loki:2.9.3
+            value: docker.io/grafana/loki:2.9.4
           - name: RELATED_IMAGE_GATEWAY
             value: quay.io/observatorium/api:latest
           - name: RELATED_IMAGE_OPA
diff --git a/operator/config/overlays/development/manager_related_image_patch.yaml b/operator/config/overlays/development/manager_related_image_patch.yaml
index f9a2449bceed..a9c7cf22f1d1 100644
--- a/operator/config/overlays/development/manager_related_image_patch.yaml
+++ b/operator/config/overlays/development/manager_related_image_patch.yaml
@@ -9,6 +9,6 @@ spec:
         - name: manager
           env:
           - name: RELATED_IMAGE_LOKI
-            value: docker.io/grafana/loki:2.9.3
+            value: docker.io/grafana/loki:2.9.4
           - name: RELATED_IMAGE_GATEWAY
             value: quay.io/observatorium/api:latest
diff --git a/operator/config/overlays/openshift/manager_related_image_patch.yaml b/operator/config/overlays/openshift/manager_related_image_patch.yaml
index 5e64be8752f2..28c00163194a 100644
--- a/operator/config/overlays/openshift/manager_related_image_patch.yaml
+++ b/operator/config/overlays/openshift/manager_related_image_patch.yaml
@@ -9,7 +9,7 @@ spec:
         - name: manager
           env:
           - name: RELATED_IMAGE_LOKI
-            value: quay.io/openshift-logging/loki:v2.9.3
+            value: quay.io/openshift-logging/loki:v2.9.4
           - name: RELATED_IMAGE_GATEWAY
             value: quay.io/observatorium/api:latest
           - name: RELATED_IMAGE_OPA
diff --git a/operator/docs/operator/compatibility.md b/operator/docs/operator/compatibility.md
index 36550f06a706..2fc1e79662d1 100644
--- a/operator/docs/operator/compatibility.md
+++ b/operator/docs/operator/compatibility.md
@@ -37,3 +37,4 @@ The versions of Loki compatible to be run with the Loki Operator are:
 * v2.9.1
 * v2.9.2
 * v2.9.3
+* v2.9.4
diff --git a/operator/hack/addons_dev.yaml b/operator/hack/addons_dev.yaml
index adf6aa053add..f2538cd9f5af 100644
--- a/operator/hack/addons_dev.yaml
+++ b/operator/hack/addons_dev.yaml
@@ -29,7 +29,7 @@ spec:
     spec:
       containers:
         - name: logcli
-          image: docker.io/grafana/logcli:2.9.3-amd64
+          image: docker.io/grafana/logcli:2.9.4-amd64
           imagePullPolicy: IfNotPresent
           command:
             - /bin/sh
@@ -73,7 +73,7 @@ spec:
     spec:
       containers:
         - name: promtail
-          image: docker.io/grafana/promtail:2.9.3
+          image: docker.io/grafana/promtail:2.9.4
           args:
             - -config.file=/etc/promtail/promtail.yaml
             - -log.level=info
diff --git a/operator/hack/addons_ocp.yaml b/operator/hack/addons_ocp.yaml
index 1a0ff7325a62..5a09cbc0e6aa 100644
--- a/operator/hack/addons_ocp.yaml
+++ b/operator/hack/addons_ocp.yaml
@@ -29,7 +29,7 @@ spec:
     spec:
       containers:
         - name: logcli
-          image: docker.io/grafana/logcli:2.9.3-amd64
+          image: docker.io/grafana/logcli:2.9.4-amd64
           imagePullPolicy: IfNotPresent
           command:
             - /bin/sh
@@ -70,7 +70,7 @@ spec:
     spec:
       containers:
         - name: promtail
-          image: docker.io/grafana/promtail:2.9.3
+          image: docker.io/grafana/promtail:2.9.4
           args:
             - -config.file=/etc/promtail/promtail.yaml
             - -log.level=info
diff --git a/operator/internal/manifests/var.go b/operator/internal/manifests/var.go
index 6468e4426bf0..e41d73e6a7be 100644
--- a/operator/internal/manifests/var.go
+++ b/operator/internal/manifests/var.go
@@ -59,7 +59,7 @@ const (
 	EnvRelatedImageGateway = "RELATED_IMAGE_GATEWAY"
 
 	// DefaultContainerImage declares the default fallback for loki image.
-	DefaultContainerImage = "docker.io/grafana/loki:2.9.3"
+	DefaultContainerImage = "docker.io/grafana/loki:2.9.4"
 
 	// DefaultLokiStackGatewayImage declares the default image for lokiStack-gateway.
 	DefaultLokiStackGatewayImage = "quay.io/observatorium/api:latest"