Prairie Operating Q2 Revenue Beats, Guides 2026 EBITDA Up to $190M
PROP sits 72% above its 52-week low of $0.58.
Summary
Prairie Operating reported Q2 revenue of $98.86M, beating the $97.73M consensus, with adjusted EBITDA of $34.01M and EPS of $1.75. Production rose 4% to 21,866 Boe/d, and the company guided 2026 production to 23,000–25,000 Boe/d with adjusted EBITDA of $180M–$190M. This follows the 10-Q filed August 14 and the 8-K filed this morning, adding analyst reaction and detailed guidance. The stock trades near $1.00 and faces a Nasdaq delisting notice, so these strong results and forward guidance are critical for investor confidence. Watch for any update on the delisting appeal and the Hudson Bay warrant extension.
At the time of this announcement, PROP was trading at $1.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $97.6M. The 52-week trading range was $0.58 to $2.83. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.