Prairie Operating Co. (PROP) Stock

Prairie Operating Co. (PROP) is a Energy stock trading at $0.80 (as of 2026-07-09), with a market capitalization of $69.71M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Prairie Operating Co. (PROP) develops energy resources. The company states it operates while protecting the environment, is based in Oklahoma City, Oklahoma, and changed its name to Prairie Operating Co. in May 2023 from Creek Road Miners, Inc.

Understand Prairie Operating Co.: how it makes money

Prairie Operating Co. develops and produces oil, natural gas, and natural gas liquids, earning revenue from selling these commodities (including segment revenue reported for oil, natural gas, and natural gas liquids).

Upstream profit is driven by production volume (average production and exit-rate barrels of oil equivalent per day), then by realized commodity pricing (for oil, natural gas, and natural gas liquids excluding hedges), and finally reduced by per BOE cost items such as transportation and processing, production and ad valorem taxes, and general and administrative expense.

Revenue by segment (latest quarter)
Oil$0.1B
Nat Gas$0.0B
NGL$0.0B

Business quality (Weak): The latest quarter shows revenue of 0.1B and an operating margin of -229.1, so investors should focus on whether production volumes and realized pricing can offset the per BOE cost structure reported for transportation and processing, production and ad valorem taxes, and G&A.

Bull case

  • Production scale is tracked with both average production and an exit rate: Average production is 23200.0 BOE per day, and the exit rate is 28000.0 BOE per day, indicating the quarter ends at a higher run rate than its average.
  • Revenue mix spans multiple commodity types: Segment revenue is reported for oil (0.07B), natural gas (0.01B), and natural gas liquids (0.01B), which can reduce dependence on a single product.

Bear case

  • Profitability is very weak in the latest quarter: Operating margin is -229.1 for the quarter ended 2026-03-31.
  • Per BOE cost structure is meaningful versus commodity-driven revenue: Transportation and processing is 1.32 per BOE, production and ad valorem taxes are 3.15 per BOE, and general and administrative is 7.5 per BOE, so lower realized pricing (excluding hedges) could magnify losses.
Valuation — source: SEC EDGAR (first-party)
Price$0.80
Market Cap$69.71M
EV / EBITDA9.1
Price / Book0.31
Price / Sales0.20
DCF Value (model)$59.29
DCF Upside vs Price7310.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$241.65M
Net Margin13.3%
Return on Equity-20.0%
Debt / Equity1.74
Current Ratio0.25
Revenue Growth (YoY)2943.8%
EPS Growth (YoY)-49.1%
Financial Health — source: SEC EDGAR
Altman Z-Score0.34 (distress)
Valuation vs Sector & Industry
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($4.14M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOEdward Kovalik
Employees19
CountryUS
IPO Date2013-02-19

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

  • Amplify Energy Corp. (AMPY)
  • PEDEVCO Corp. (PED)
  • Epsilon Energy Ltd. (EPSN)
  • Empire Petroleum Corporation (EP)
  • Evolution Petroleum Corporation (EPM)
  • AleAnna, Inc. (ANNA)
  • Battalion Oil Corporation (BATL)
  • U.S. Energy Corp. (USEG)
PROP earnings history · PROP institutional & insider holders · PROP KPIs & operating metrics · PROP financials · PROP investor presentations & press releases · PROP SEC filings · PROP peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-09.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.