Prairie Operating CO (PROP)

$1.76 -0.04 (-2.22%)
Market Cap 109.15M
Revenue (ttm) 7.94M
Net Income (ttm) -40.91M
EPS (ttm) N/A
PE Ratio 0.00
Forward PE 1.22
Profit Margin -515.24%
Debt to Equity Ratio 4.11
Volume 1,125,700
Avg Vol 1,409,132
Day's Range N/A - N/A
Shares Out 59.65M
Stochastic %K 22%
Beta 2.27
Analysts Sell
Price Target $4.38

Company Profile

Prairie Operating Co., an independent energy company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids in the United States. It holds assets primarily in the Denver-Julesburg Basin in Colorado. The company is based in Houston, Texas.

Industry: Oil & Gas E&P
Sector: Energy
Phone: 713 424 4247
Address:
55 Waugh Drive, Suite 400, Houston, United States
p180
p180 Feb. 3 at 9:38 PM
$PROP Very interesting article on the innovations Prairie is incorporating into its horizontal wells, which could help improve per-well productivity and capital expenditure efficiency (two important factors when re-determining RBL). Prairie has also shared the article via its LinkedIn profile. Considering that the Rush platform has not yet reached IP 30 (it could do so in December) and that the Simpson platform was not completed on November 14, if the six new wells on the Simpson platform open with a production of 500 Boeps per well and the Rush platform reaches IP 30, production could have closed the year at 29,000 or even 30,000 Boeps. These results, when included in the 2025 10-K audited by Deloitte, could drive a redetermination of the RBL of between 600 and 700 million, enough to amortize Class F and maintain available liquidity in the RBL. https://www.aogr.com/magazine/frac-facts/u-shaped-architectures-deliver-more-reservoir-exposure-access-to-multiple-benches
0 · Reply
Ramram55
Ramram55 Feb. 3 at 6:39 PM
$PROP Been keeping my eye here, if this drops to 1.40 I'll be back in even with the expectation they eventually admit they couldnt negotiate anything substantial to avoid dilution.
1 · Reply
Neutralus
Neutralus Feb. 3 at 5:28 PM
$PROP
0 · Reply
jenko77
jenko77 Feb. 3 at 4:05 PM
$PROP @wmdoran Why do you care about anything to do with PROP when you're not invested in them....what are you being paid to do?
1 · Reply
Dominator63
Dominator63 Feb. 3 at 10:36 AM
$PROP 👍
0 · Reply
wmdoran
wmdoran Feb. 2 at 3:54 PM
$PROP In Sept (Roth 9/11 report), Prairie said it "hopes" to complete at least a portion of the refi by Mar 26. In the same report, they said they are confident that its $475M bank commitment would increase. In their Q3 conf call, they walked the borrowing base increase back to say they expected it to be flat. It has now been almost 5 months since these earliest comments and mkt conditions have worsened. I wouldn't believe anything that this mgmt team says, but certainly wouldn't believe that they will do more than what they have said (partial refi and flat bank debt). This leads to where we are - a company that has very little liquidity and insufficient reserve value relative to their capital stack trying to find money. The current terms of their credit docs do not allow them to partially refi the pref or to use any of their cash flow to direct toward the pref. Any renegotiated deals will come at a high price. All of this leads to more dilution to common and big risk to growth IMO. GLTA
2 · Reply
tbo1991
tbo1991 Feb. 2 at 12:25 PM
$PROP early Feb and still no news. Greg not buying anymore, can only hope, something is about to materialize as otherwise it would be MNPI. IR doesnt respond and is radio silence.
0 · Reply
EarthyEdge
EarthyEdge Feb. 2 at 11:55 AM
$PROP thinking we should have new key data in next two weeks in valuing PROP … either spectacular ( causing SP to multiply ) or just supporting the current baked-in-bad-news price .. corporate refinancings typically close 30 to 45 days before the maturity date to avoid technical defaults or "going concern" warnings in F/Ss. Also, company reaffirmed strong 2025 guidance, projecting a 300% production increase and Adjusted EBITDA between $100M and $140M. This info will aid in negotiating better terms with a lender, making now the best time to make a deal. If they wait longer, without a deal, the short-narrative will take momentum and likely price in a "death spiral" beyond what we’ve seen. To prevent this, it makes sense company would proactively refinance soon! The insider buying signals to me that leadership believes company is undervalued and may have a plan to wisely address the debt. Fingers crossed…
1 · Reply
EarthyEdge
EarthyEdge Jan. 31 at 3:23 PM
$PROP O’Neill’s $2.4M+ investment near $1.70 signals he believes massive, value-destroying dilution is unlikely. Signals that he betting company will secure non-dilutive financing (like debt restructuring or asset-backed loans) or that current cash flow from the 27k+ Boe/d production ramp will cover near-term obligations.
0 · Reply
EarthyEdge
EarthyEdge Jan. 31 at 3:02 PM
$PROP let’s go!
0 · Reply
Latest News on PROP
Prairie Operating: It Might Lose More Money

Dec 15, 2025, 11:43 AM EST - 7 weeks ago

Prairie Operating: It Might Lose More Money

Prairie Operating Co. Announces Third Quarter 2025 Results

Nov 14, 2025, 5:13 PM EST - 2 months ago

Prairie Operating Co. Announces Third Quarter 2025 Results

Prairie Operating Co. Announces Third Quarter 2025 Earnings Release Date and Conference Call

Nov 13, 2025, 8:00 PM EST - 2 months ago

Prairie Operating Co. Announces Third Quarter 2025 Earnings Release Date and Conference Call

Prairie Operating Co. Provides Operations Update

Sep 2, 2025, 8:00 AM EDT - 5 months ago

Prairie Operating Co. Provides Operations Update

Prairie Operating Co. Announces Closing of Two Strategic Bolt-On Acquisitions

Aug 28, 2025, 8:00 AM EDT - 5 months ago

Prairie Operating Co. Announces Closing of Two Strategic Bolt-On Acquisitions

Prairie Operating Co. Announces Second Quarter 2025 Results

Aug 12, 2025, 4:05 PM EDT - 6 months ago

Prairie Operating Co. Announces Second Quarter 2025 Results

Prairie Operating Co. Announces Second Quarter 2025 Earnings Release Date and Conference Call

Aug 5, 2025, 7:30 AM EDT - 6 months ago

Prairie Operating Co. Announces Second Quarter 2025 Earnings Release Date and Conference Call

Prairie Operating Co. Announces $12.5 Million Strategic Acquisition to Accelerate Growth in the DJ Basin

Jul 2, 2025, 9:00 AM EDT - 7 months ago

Prairie Operating Co. Announces $12.5 Million Strategic Acquisition to Accelerate Growth in the DJ Basin

Prairie Operating Co. Reaffirms $1 Billion Reserve Based Lending Facility with Citibank, N.A. Adds Bank of America, N.A.

Jun 9, 2025, 7:30 AM EDT - 8 months ago

Prairie Operating Co. Reaffirms $1 Billion Reserve Based Lending Facility with Citibank, N.A. Adds Bank of America, N.A.

Prairie Operating Co. Expands Senior Leadership Team

May 6, 2025, 7:00 AM EDT - 9 months ago

Prairie Operating Co. Expands Senior Leadership Team

Prairie Operating Co. Begins Completion of the Opal Coalbank Pad, Acquired from Bayswater

Apr 28, 2025, 7:00 AM EDT - 10 months ago

Prairie Operating Co. Begins Completion of the Opal Coalbank Pad, Acquired from Bayswater

Prairie Operating Co. Announces 11-Well Development at Rusch Pad

Apr 2, 2025, 7:00 AM EDT - 10 months ago

Prairie Operating Co. Announces 11-Well Development at Rusch Pad

Prairie Operating Co. Completes Transformative Acquisition from Bayswater

Mar 26, 2025, 6:45 PM EDT - 11 months ago

Prairie Operating Co. Completes Transformative Acquisition from Bayswater

Prairie Operating Co. Announces Pricing of Common Stock Offering

Mar 24, 2025, 10:35 PM EDT - 11 months ago

Prairie Operating Co. Announces Pricing of Common Stock Offering

Prairie Operating Co. Announces Registered Direct Offering of Series F Convertible Preferred Stock and Warrants to Purchase Common Stock

Mar 24, 2025, 4:09 PM EDT - 11 months ago

Prairie Operating Co. Announces Registered Direct Offering of Series F Convertible Preferred Stock and Warrants to Purchase Common Stock

Prairie Operating Co. Announces Public Offering of Common Stock

Mar 24, 2025, 4:04 PM EDT - 11 months ago

Prairie Operating Co. Announces Public Offering of Common Stock

Prairie Operating Co. Announces the Promotion of Gregory S. Patton to Chief Financial Officer

Mar 11, 2025, 4:05 PM EDT - 11 months ago

Prairie Operating Co. Announces the Promotion of Gregory S. Patton to Chief Financial Officer

Bayswater Enters Sale Agreement for DJ Basin Assets

Feb 7, 2025, 10:56 AM EST - 1 year ago

Bayswater Enters Sale Agreement for DJ Basin Assets

Prairie Operating Co. Announces Acquisition of DJ Basin Assets from Bayswater Exploration and Production for Approximately $600 Million

Feb 7, 2025, 6:00 AM EST - 1 year ago

Prairie Operating Co. Announces Acquisition of DJ Basin Assets from Bayswater Exploration and Production for Approximately $600 Million

Prairie Operating Co. Expands Executive Management Team with Key Appointments

Jan 16, 2025, 7:30 AM EST - 1 year ago

Prairie Operating Co. Expands Executive Management Team with Key Appointments

Prairie Operating Co. Issues 2025 Guidance

Jan 15, 2025, 7:30 AM EST - 1 year ago

Prairie Operating Co. Issues 2025 Guidance

Prairie Operating Co. Completes Shelduck South Pad, Prepares for New Developments

Jan 10, 2025, 7:30 AM EST - 1 year ago

Prairie Operating Co. Completes Shelduck South Pad, Prepares for New Developments

Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.

Dec 17, 2024, 4:01 PM EST - 1 year ago

Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.

Prairie Operating Co. To Host Year-End Update Call Highlighting Current Operations and Key Achievements in 2024

Dec 17, 2024, 7:30 AM EST - 1 year ago

Prairie Operating Co. To Host Year-End Update Call Highlighting Current Operations and Key Achievements in 2024

Prairie Operating Co. Welcomes Energy Industry Veteran Richard N. Frommer to Its Board of Directors

Nov 21, 2024, 4:15 PM EST - 1 year ago

Prairie Operating Co. Welcomes Energy Industry Veteran Richard N. Frommer to Its Board of Directors

ProFrac Holding Corp. Partners with Prairie Operating Co. to Launch Electric Frac Fleet in Colorado

Nov 12, 2024, 7:00 AM EST - 1 year ago

ProFrac Holding Corp. Partners with Prairie Operating Co. to Launch Electric Frac Fleet in Colorado

ACDC

Prairie Operating Co. Partners with ProFrac Holding Corp to Launch Electric Frac Fleet in Colorado

Nov 12, 2024, 7:00 AM EST - 1 year ago

Prairie Operating Co. Partners with ProFrac Holding Corp to Launch Electric Frac Fleet in Colorado

Prairie Operating Co. Announces Board Resignation

Nov 1, 2024, 5:00 PM EDT - 1 year ago

Prairie Operating Co. Announces Board Resignation

From Crypto To Crude: Prairie Operating's Pivot To Oil-Rich Fortunes

Oct 8, 2024, 12:08 PM EDT - 1 year ago

From Crypto To Crude: Prairie Operating's Pivot To Oil-Rich Fortunes

Nickel Road Operating Completes Divestiture of DJ Basin Assets to Prairie Operating Co

Oct 2, 2024, 8:00 AM EDT - 1 year ago

Nickel Road Operating Completes Divestiture of DJ Basin Assets to Prairie Operating Co

Prairie Operating Co. Completes Acquisition of Oil-Weighted DJ Basin Assets from Nickel Road Operating

Oct 2, 2024, 7:30 AM EDT - 1 year ago

Prairie Operating Co. Completes Acquisition of Oil-Weighted DJ Basin Assets from Nickel Road Operating

Prairie Operating Co. Spuds its First Well at Shelduck South in the DJ Basin

Sep 5, 2024, 7:30 AM EDT - 1 year ago

Prairie Operating Co. Spuds its First Well at Shelduck South in the DJ Basin

Prairie Operating Co. Announces Warrant Exercise Resulting in $24 Million of Proceeds

Aug 19, 2024, 7:30 AM EDT - 1 year ago

Prairie Operating Co. Announces Warrant Exercise Resulting in $24 Million of Proceeds

Prairie Operating Co. Set to Join Russell 3000® Index

Jun 3, 2024, 7:30 AM EDT - 1 year ago

Prairie Operating Co. Set to Join Russell 3000® Index

Prairie Operating Co. Announces Unanimous Approval of Genesis Oil and Gas Development Plan Adding Multi-Year Inventory of Development Drilling Locations

Mar 14, 2024, 7:30 AM EDT - 2 years ago

Prairie Operating Co. Announces Unanimous Approval of Genesis Oil and Gas Development Plan Adding Multi-Year Inventory of Development Drilling Locations

Prairie Operating Co. to Ring the Nasdaq Stock Market Closing Bell on Thursday, March 7, 2024

Mar 5, 2024, 4:15 PM EST - 2 years ago

Prairie Operating Co. to Ring the Nasdaq Stock Market Closing Bell on Thursday, March 7, 2024

Prairie Operating Co.: Growth-Oriented, Responsible Energy Firm In The Denver-Julesburg Basin

Feb 7, 2024, 3:06 PM EST - 2 years ago

Prairie Operating Co.: Growth-Oriented, Responsible Energy Firm In The Denver-Julesburg Basin

p180
p180 Feb. 3 at 9:38 PM
$PROP Very interesting article on the innovations Prairie is incorporating into its horizontal wells, which could help improve per-well productivity and capital expenditure efficiency (two important factors when re-determining RBL). Prairie has also shared the article via its LinkedIn profile. Considering that the Rush platform has not yet reached IP 30 (it could do so in December) and that the Simpson platform was not completed on November 14, if the six new wells on the Simpson platform open with a production of 500 Boeps per well and the Rush platform reaches IP 30, production could have closed the year at 29,000 or even 30,000 Boeps. These results, when included in the 2025 10-K audited by Deloitte, could drive a redetermination of the RBL of between 600 and 700 million, enough to amortize Class F and maintain available liquidity in the RBL. https://www.aogr.com/magazine/frac-facts/u-shaped-architectures-deliver-more-reservoir-exposure-access-to-multiple-benches
0 · Reply
Ramram55
Ramram55 Feb. 3 at 6:39 PM
$PROP Been keeping my eye here, if this drops to 1.40 I'll be back in even with the expectation they eventually admit they couldnt negotiate anything substantial to avoid dilution.
1 · Reply
Neutralus
Neutralus Feb. 3 at 5:28 PM
$PROP
0 · Reply
jenko77
jenko77 Feb. 3 at 4:05 PM
$PROP @wmdoran Why do you care about anything to do with PROP when you're not invested in them....what are you being paid to do?
1 · Reply
Dominator63
Dominator63 Feb. 3 at 10:36 AM
$PROP 👍
0 · Reply
wmdoran
wmdoran Feb. 2 at 3:54 PM
$PROP In Sept (Roth 9/11 report), Prairie said it "hopes" to complete at least a portion of the refi by Mar 26. In the same report, they said they are confident that its $475M bank commitment would increase. In their Q3 conf call, they walked the borrowing base increase back to say they expected it to be flat. It has now been almost 5 months since these earliest comments and mkt conditions have worsened. I wouldn't believe anything that this mgmt team says, but certainly wouldn't believe that they will do more than what they have said (partial refi and flat bank debt). This leads to where we are - a company that has very little liquidity and insufficient reserve value relative to their capital stack trying to find money. The current terms of their credit docs do not allow them to partially refi the pref or to use any of their cash flow to direct toward the pref. Any renegotiated deals will come at a high price. All of this leads to more dilution to common and big risk to growth IMO. GLTA
2 · Reply
tbo1991
tbo1991 Feb. 2 at 12:25 PM
$PROP early Feb and still no news. Greg not buying anymore, can only hope, something is about to materialize as otherwise it would be MNPI. IR doesnt respond and is radio silence.
0 · Reply
EarthyEdge
EarthyEdge Feb. 2 at 11:55 AM
$PROP thinking we should have new key data in next two weeks in valuing PROP … either spectacular ( causing SP to multiply ) or just supporting the current baked-in-bad-news price .. corporate refinancings typically close 30 to 45 days before the maturity date to avoid technical defaults or "going concern" warnings in F/Ss. Also, company reaffirmed strong 2025 guidance, projecting a 300% production increase and Adjusted EBITDA between $100M and $140M. This info will aid in negotiating better terms with a lender, making now the best time to make a deal. If they wait longer, without a deal, the short-narrative will take momentum and likely price in a "death spiral" beyond what we’ve seen. To prevent this, it makes sense company would proactively refinance soon! The insider buying signals to me that leadership believes company is undervalued and may have a plan to wisely address the debt. Fingers crossed…
1 · Reply
EarthyEdge
EarthyEdge Jan. 31 at 3:23 PM
$PROP O’Neill’s $2.4M+ investment near $1.70 signals he believes massive, value-destroying dilution is unlikely. Signals that he betting company will secure non-dilutive financing (like debt restructuring or asset-backed loans) or that current cash flow from the 27k+ Boe/d production ramp will cover near-term obligations.
0 · Reply
EarthyEdge
EarthyEdge Jan. 31 at 3:02 PM
$PROP let’s go!
0 · Reply
EarthyEdge
EarthyEdge Jan. 31 at 3:01 PM
$PROP Recent millions in insider buying suggest management expects positive news before the March deadlines …
1 · Reply
EarthyEdge
EarthyEdge Jan. 31 at 3:00 PM
$PROP The recent oil rally to $65.74/bbl increases PROP’s reserve value. This strengthens management's hand to use their $475M Citibank facility to buy out dilutive preferred shares rather than issuing more stock. Also, they are unlikely to wait until March ( due date ) to work out a major refinancing agreement. Once worked out, company must disclose within four days. So, long winded way of saying that news on whether this is a $9 stock are closing in.
1 · Reply
Lawnchair45
Lawnchair45 Jan. 30 at 9:29 PM
$PROP is Greg O’Neil the Michael Burry of Prairie? What’s going on with these insider purchases that look to be willing to average down with what looks like some big overhang?
1 · Reply
Cmb1me
Cmb1me Jan. 30 at 9:12 PM
$PROP took a small position before close let’s see where this takes us
2 · Reply
quietpiggy
quietpiggy Jan. 30 at 4:11 PM
$PROP tell me how I’m spreading false information you rat POS? Have you not read the disclaimer they pay for retards like madmaverick and his crew of cum dumpsters for every post they make.
1 · Reply
quietpiggy
quietpiggy Jan. 30 at 4:10 PM
$PROP share your position then you pole smoker. YOU DONT HAVE A POSITION YOU ARE PAID TO POST! YOU SHUT YOUR F’N MOUTH!
1 · Reply
Neutralus
Neutralus Jan. 30 at 8:04 AM
$PROP We will all benefit from PROP this year!
1 · Reply
quietpiggy
quietpiggy Jan. 30 at 5:05 AM
$PROP here’s another buffoon that is paid by Prairie Operating for these posts - click ‘show more’ and then scroll down to the disclaimer. He’s not pushing PROP for the good of his health, he maintains zero position in the company. He is a paid shill milling out post after post for fast cash! You blind fat pigs are too dumb to notice it.
2 · Reply
quietpiggy
quietpiggy Jan. 30 at 4:57 AM
$PROP “we have been paid $250,000 by Prairie Operating Co. to disseminate information about Prairie Operating Co.” 🤣😂
1 · Reply
quietpiggy
quietpiggy Jan. 30 at 4:55 AM
$PROP I’m not doubting this will eventually go up as money flows into commodities. Just want to point out of what an imbecile retard you are for basing your sentiment on an advertisement Prairie Operating PAID FOR. You apparently don’t read fine print! Retard
1 · Reply
quietpiggy
quietpiggy Jan. 30 at 4:52 AM
$PROP what have you done for the company lately @LouBasenese?
0 · Reply
switchblade0611
switchblade0611 Jan. 29 at 2:43 PM
$PROP commodity supercycle in 2026...first pm's, base metals are starting, oil & gas next. I am buying $CVX and $PROP at every dip!
1 · Reply