Prairie Operating Co. (PROP)
NASDAQEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
$0.45-3.82%
Close 2026-09-04 · 1-day change
NASDAQEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
QuarterlyIQ Insights · PROP
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on prudent capital allocation, simplifying capital structure including addressing Series F Preferred Stock, and reducing shareholder dilution.
Stated as a priority in 2 of last 2 quarters. Management highlighted partial refinancing of Series F Preferred Stock in both 2026-Q1 and 2026-Q2, reducing outstanding balance and dilution. Capital expenditures were $34.1 million in 2026-Q1 and $98.5 million in 2026-Q2, supporting disciplined capital allocation. The trajectory shows delivering on capital structure simplification and prudent capital deployment.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Energy names rated strong grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=1735).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Executed partial refinancing of the Series F Preferred Stock in April, reducing outstanding balance and significantly lowering warrant-related dilution.”
“Made significant progress on our capital structure during the quarter through the partial refinancing of the Series F Preferred, reducing both the outstanding balance and potential dilution.”
Drive production growth in the DJ Basin with improved drilling efficiency, cost control, and well performance.
Stated as a priority in 2 of last 2 quarters. Production was approximately 23,182 Boe/d in 2026-Q1 and 21,866 Boe/d in 2026-Q2, with revenue increasing from $83.4 million to $98.9 million. Management emphasized drilling efficiency and cost savings with wells delivered below AFE. The trajectory shows operational execution with some fluctuation in production but overall growth focus delivering.
“Prairie delivered strong operational progress with improved drilling performance and advanced development program across multiple pads.”
“Continued strong execution with drilling 17 wells, all delivered below AFE, and average cost savings exceeding $100,000 per well.”
Maintain full-year capital expenditures guidance in the range of $185 million to $195 million.
Stated as a priority in 2 of last 2 quarters. Capital expenditures guidance was reaffirmed at $200M-$220M in 2026-Q1 and adjusted downward to $185M-$195M in 2026-Q2. Actual capital expenditures were $34.1 million in 2026-Q1 and $98.5 million in 2026-Q2. The trajectory shows management maintaining disciplined capital spending with a modest reduction in guidance.
“Adjusted full-year 2026 capital expenditures guidance to $185.0 million to $195.0 million.”
“Reaffirmed full-year 2026 capital expenditures guidance of $200.0 million to $220.0 million.”
Target adjusted EBITDA in the range of $180 million to $190 million for full-year 2026.
Stated as a priority in 2 of last 2 quarters. Adjusted EBITDA guidance was $240M-$260M in 2026-Q1 and lowered to $180M-$190M in 2026-Q2. Actual adjusted EBITDA was $37.2 million in 2026-Q1 and $34.0 million in 2026-Q2. The trajectory shows a downward revision in guidance with adjusted EBITDA relatively stable quarter-over-quarter, indicating limited progress toward original higher target.
“Adjusted EBITDA guidance for 2026 is $180.0 million to $190.0 million.”
“Reaffirmed full-year 2026 adjusted EBITDA guidance of $240.0 million to $260.0 million.”
Enhance governance and oversight by adding experienced directors and management team members.
Newly stated in 2026-Q3 period. Management announced the appointment of Jennifer M. Grigsby to the Board in July 2026 to strengthen governance and oversight. This is a recent development with no prior quarters stating this priority. The trajectory is newly initiated.
Over the trailing year it converted -0.28x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
38 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Energy names rated volatile grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=640).
Not investment advice. As of 2026-09-04.