Prairie Operating Co (PROP)
NASDAQ:PROP
Top Page
Prairie Operating Co
(NASDAQ:PROP)
Select Model
Select Model
Rating:56Neutral
Price Target:
$2.00
▼(-20.00% Downside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by improving financial performance—strong cash flow turnaround, sharp revenue growth, and materially reduced leverage—offset by continued net losses and negative returns. Technicals are moderately constructive but still below the 200-day trend, while valuation is weakened by negative earnings and the recent financing amendment adds near-term cash/structure risk.
Positive Factors
Cash generation turnaround
Prairie moved from negative operating cash flow to roughly $154M of operating and free cash flow in 2025, providing durable internal liquidity to fund operations, capex and deleveraging. Strong cash conversion reduces reliance on external financing and supports strategic optionality.
Negative Factors
Ongoing net losses
Despite cash and revenue improvements, the company reported a roughly $61M net loss and -25% net margin in 2025. Persistent accounting losses imply earnings quality issues, reduce retained earnings, and constrain return metrics, making sustained profitability a key medium-term risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation turnaround
Prairie moved from negative operating cash flow to roughly $154M of operating and free cash flow in 2025, providing durable internal liquidity to fund operations, capex and deleveraging. Strong cash conversion reduces reliance on external financing and supports strategic optionality.
Read all positive factors
Prairie Operating Co (PROP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$160.81M
Dividend YieldN/A
Average Volume (3M)4.41M
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue Growth18320.01%
EPS Growth27.15%
CountryUS
Employees19
SectorEnergy
Sector Strength52
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.15
Shares Outstanding76,574,230
10 Day Avg. Volume6,646,011
30 Day Avg. Volume4,409,793
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.59
Price to Sales (P/S)0.32
P/FCF Ratio-1.77
Enterprise Value/Market Cap2.89
Enterprise Value/Revenue1.93
Enterprise Value/Gross Profit3.84
Enterprise Value/Ebitda3.55
Forecast
1Y Price Target
$3.17Price Target Upside26.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.1
Revenue Forecast (FY)$485.43M
Prairie Operating Co Business Overview & Revenue Model
Company Description
Prairie Operating Co. engages in developing energy to meet growing demand, while protecting the environment. The company was formerly known as Creek Road Miners, Inc. and changed its name to Prairie Operating Co. in May 2023. Prairie Operating Co....
How the Company Makes Money
null...
Prairie Operating Co Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 241.65M | 7.94M | 0.00 | 0.00 | 369.80K |
| Gross Profit | 121.18M | 4.79M | 0.00 | 0.00 | 88.01K |
| EBITDA | 131.14M | -38.29M | -61.90M | -461.52K | -17.91M |
| Net Income | 32.05M | -40.91M | -79.08M | -461.52K | -17.27M |
Balance Sheet | |||||
| Total Assets | 944.55M | 156.55M | 45.82M | 6.79M | 13.20M |
| Cash, Cash Equivalents and Short-Term Investments | 20.00K | 5.19M | 13.04M | 246.36K | 2.79M |
| Total Debt | 370.55M | 46.53M | 136.00K | 6.54M | 5.50M |
| Total Liabilities | 814.38M | 103.79M | 5.65M | 13.32M | 9.00M |
| Stockholders Equity | 130.16M | 52.77M | 40.17M | -6.53M | 4.20M |
Cash Flow | |||||
| Free Cash Flow | -43.23M | -38.59M | -33.47M | -7.49M | -16.90M |
| Operating Cash Flow | 153.90M | -9.35M | -11.94M | -2.19M | -6.97M |
| Investing Cash Flow | -655.92M | -83.41M | -23.68M | -1.82M | -9.93M |
| Financing Cash Flow | 496.84M | 84.91M | 48.58M | 1.47M | 17.79M |
Prairie Operating Co Technical Analysis
Neutral
2.50
Price Trends
1.84
Positive
1.81
Positive
2.20
Negative
Market Momentum
0.13
Negative
53.74
Neutral
71.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PROP, the sentiment is Neutral. The current price of 2.5 is above the 20-day moving average (MA) of 1.93, above the 50-day MA of 1.84, and above the 200-day MA of 2.20, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 53.74 is Neutral, neither overbought nor oversold. The STOCH value of 71.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PROP.
Prairie Operating Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | $160.81M | -8.30 | 17.98% | ― | 18320.01% | 27.15% | |
46 Neutral | $3.61B | -2.43 | -30.59% | ― | 53.51% | 112.53% | |
45 Neutral | $18.18M | 3.72 | ― | ― | -3.52% | 83.39% | |
45 Neutral | $23.37M | -0.21 | 424.23% | ― | -11.39% | 79.96% | |
40 Underperform | $1.02B | -9.98 | -2.75% | ― | ― | ― | |
39 Underperform | $7.72M | -0.41 | ― | ― | -13.86% | -32.19% |
* Energy Sector Average
PROP
Prairie Operating Co
2.10
-2.21
-51.28%
GREE
Greenidge Generation Holdings
1.12
0.52
86.67%
MARA
MARA Holdings
9.50
-2.81
-22.83%
ABTC
American Bitcoin Corp
0.96
0.23
32.05%
MIGI
Mawson Infrastructure Group
4.26
-4.34
-50.47%
ARBK
Argo Blockchain
2.83
-69.16
-96.07%
Prairie Operating Co Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Prairie Operating Amends Securities Agreement, Adds Payment Obligation
Neutral
Apr 7, 2026
Prairie Operating Co. previously entered into a securities purchase agreement under which it sold 148,250 shares of Series F preferred stock, each with a stated value of $1,000, to a group of investors and agreed to issue common stock warrants bas...
Business Operations and StrategyPrivate Placements and Financing
Prairie Operating Amends Preferred Financing, Adds Cash Fee Obligation
Negative
Mar 25, 2026
Prairie Operating Co. previously sold 148,250 shares of its Series F Preferred Stock, each with a stated value of $1,000, to a group of institutional buyers under a Securities Purchase Agreement dated March 26, 2025. As part of that financing, the...
Business Operations and StrategyExecutive/Board Changes
Prairie Operating Announces Executive Departures and Interim Leadership
Neutral
Mar 3, 2026
On March 2, 2026, Prairie Operating Co. announced the voluntary resignation of co-founder Edward Kovalik as CEO and chairman and the retirement of co-founder Gary C. Hanna as president and director, triggering a leadership reshuffle at the DJ Basi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.