Prairie Operating Co. (PROP) AI Stock Analysis
PROP AI stock analysis summary
AI ResearchPrairie Operating Co. (PROP) is an Oklahoma City-based oil and gas exploration and production company. In FY2025, revenue increased 2943.8% to $241.6M, resulting in net income of $32.1M. However, liquidity remains constrained with cash and short-term investments of $21,000 against $483.8M in total debt as of June 30, 2026.
- Market cap
- $38.5M
- Revenue (TTM)
- $343.0M
- P/E
- — fwd 1.1x
- 1Y return
- -79.6% S&P 500 16.8%
- Avg. target
- $1.50 339.9% vs last close
Bull case
- Prairie Operating Co. achieved FY2025 revenue growth of 2943.8% to reach $241.6M, delivering net income of $32.1M.
- Quarterly revenue increased 45.2% year-over-year in the period ended June 30, 2026, alongside earnings growth of 27.5%.
- The analyst mean price target of $1.50 implies a 339.9% upside from the stock's closing price of $0.34.
Bear case
- Cash and short-term investments stood at $21,000 against $483.8M in total debt as of June 30, 2026.
- Capital expenditures of $197.1M in FY2025 drove free cash flow to -$43.2M despite operating cash flow of $153.9M.
- The stock has declined 79.6% over the trailing one-year period and trades 69.5% below its 200-day moving average.
What Prairie Operating does
Prairie Operating Co., headquartered in Oklahoma City, Oklahoma, focuses on the responsible development of energy resources to meet increasing global demand while prioritizing environmental stewardship. Originally known as Creek Road Miners, Inc., the company underwent a name change to Prairie Operating Co. in May 2023, reflecting its evolution and strategic direction in the energy sector. Committed to sustainability and innovation, the company employs advanced technologies and practices to optimize energy production while minimizing ecological impact. Prairie Operating Co. leverages its exploration and production expertise to harness natural resources efficiently, ensuring operational efficiency and environmental conservation remain central to its business model.
Growth and profitability
Prairie Operating Co. grew revenue from $7.9M in FY2024 to $241.6M in FY2025, a growth rate of 2943.8%. Net income improved from -$40.9M in FY2024 to $32.1M in FY2025, producing a net margin of 13.3% and an operating margin of 28.5%. For the trailing twelve months ended June 30, 2026, revenue stood at $343.0M with an operating margin of 46.7%, a profit margin of -13.0%, and an EPS of -$0.54. In the latest quarter ended June 30, 2026, quarterly revenue expanded 45.2% year-over-year, while quarterly earnings grew 27.5%.
Balance sheet and cash flow
As of June 30, 2026, Prairie Operating Co. held $21,000 in cash and short-term investments compared to total debt of $483.8M, resulting in net debt of $483.7M. The current ratio was 0.25, debt-to-equity was 2.17, and total assets stood at $1.01B against shareholders' equity of $223.0M. In FY2025, operating cash flow was $153.9M, but capital expenditures of $197.1M led to free cash flow of -$43.2M. The company spent $531,000 on share buybacks in FY2025, while the share count increased 71408476.4% over five years.
Valuation and performance
Prairie Operating Co. trades at a forward P/E of 1.1x and a price-to-sales ratio of 0.1x, below the median of its US-listed Energy peers of 12.7x forward P/E and 1.8x price-to-sales. Its EV/EBITDA multiple is 8.5x, compared to the peer median of 8.0x. Market capitalization is $38.5M alongside an enterprise value of $530.7M. Over the past year, the stock fell 79.6% and dropped 99.3% over five years, underperforming the S&P 500 (SPY), which gained 16.8% and 83.0% over those respective periods.
What analysts expect
Wall Street consensus includes 1 Strong Buy and 1 Buy rating, with no Hold, Sell, or Strong Sell ratings. The mean price target is $1.50, representing a 339.9% premium over the last close of $0.34. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $449.0M and EPS of $0.48, representing 139.8% EPS growth. The company exceeded EPS estimates in 2 of the last 4 quarters, and the next earnings date is November 13, 2026.
Key risks and what to watch
- Working capital liquidity is low, as reflected by a current ratio of 0.25 and $21,000 in cash as of June 30, 2026.
- Balance sheet leverage is substantial, with net debt of $483.7M and a debt-to-equity ratio of 2.17.
- Historical share issuance has caused significant dilution, with share count increasing 71408476.4% over 5 years.
- Trailing twelve month earnings remain negative with a profit margin of -13.0% and an EPS of -$0.54.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this PROP AI stock analysis
This page is an AI-written research summary of Prairie Operating Co. (PROP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: PROP income statement, PROP balance sheet, PROP key metrics, PROP analyst forecast, PROP chart. See the PROP stock overview for the latest quote and news.
PROP AI stock analysis FAQ
What was Prairie Operating Co.'s revenue in FY2025?
Prairie Operating Co. reported revenue of $241.6M in FY2025, which reflects a 2943.8% increase compared to $7.9M in FY2024.
How much debt does Prairie Operating Co. carry?
As of June 30, 2026, the company carried $483.8M in total debt and $21,000 in cash and short-term investments, leaving net debt at $483.7M.
Does Prairie Operating Co. pay a dividend?
No, Prairie Operating Co. does not pay a dividend.
What is the Wall Street price target for PROP?
The mean analyst price target for PROP is $1.50, which sits 339.9% above the last closing price of $0.34 on October 16, 2026.
When is Prairie Operating Co.'s next earnings date?
Prairie Operating Co.'s next earnings announcement is scheduled for November 13, 2026.