Prairie Operating Balance Sheet Health
Financial Health criteria checks 2/6
Prairie Operating has a total shareholder equity of $236.9M and total debt of $363.7M, which brings its debt-to-equity ratio to 153.5%. Its total assets and total liabilities are $958.8M and $721.9M respectively. Prairie Operating's EBIT is $91.2M making its interest coverage ratio 2.6. It has cash and short-term investments of $263.0K.
Key information
153.52%
Debt to equity ratio
US$363.68m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$263.00k |
| Equity | US$236.89m |
| Total liabilities | US$721.86m |
| Total assets | US$958.75m |
Recent financial health updates
Recent updates
PROP: Price Weakness And Index Removal Will Set Up Future Rebound
Analysts have trimmed their 12 month price target for Prairie Operating to $3.50 from $4.00, citing reduced 2026 cash flow per share estimates following a weaker Q1, a higher share count, and hedges below the current price deck. What’s in the News for Prairie Operating Prairie Operating received a Minimum Bid Price Notice from Nasdaq on July 2, 2026, after its common stock closed below the US$1.00 threshold for 30 consecutive business days.
PROP: Reset Cash Flow Outlook Will Shape Future Upside Potential
Prairie Operating's analyst price target has been adjusted from $4.00 to $3.50, as analysts factor in a weaker Q1, a higher share count, hedges below their price deck, and updated assumptions for revenue growth, profit margins, and future P/E. Analyst Commentary Recent research on Prairie Operating highlights how analysts are recalibrating their models after a softer Q1, while still identifying potential upside drivers for the stock.DJ Basin Drilling And Refinancing Risks Will Test Long Inventory Potential
Catalysts About Prairie Operating Prairie Operating is an oil and gas company focused on developing liquids weighted assets in the DJ Basin. What are the underlying business or industry changes driving this perspective?
High Liquids Production And Long Dated Hedges Will Support A More Resilient Outlook
Catalysts About Prairie Operating Prairie Operating is an exploration and production company focused on oil and gas development in the DJ Basin. What are the underlying business or industry changes driving this perspective?Liquids-Weighted DJ Basin Development And Hedging Strategy Will Support Stronger Future Earnings Profile
Catalysts About Prairie Operating Prairie Operating is an oil and gas exploration and production company with a focus on liquids-weighted development in the DJ Basin. What are the underlying business or industry changes driving this perspective?Financial Position Analysis
Short Term Liabilities: PROP's short term assets ($58.3M) do not cover its short term liabilities ($239.4M).
Long Term Liabilities: PROP's short term assets ($58.3M) do not cover its long term liabilities ($482.5M).
Debt to Equity History and Analysis
Debt Level: PROP's net debt to equity ratio (153.4%) is considered high.
Reducing Debt: Insufficient data to determine if PROP's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PROP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PROP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 75.8% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/15 21:37 |
| End of Day Share Price | 2026/07/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Prairie Operating Co. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charles Meade | Johnson Rice & Company, L.L.C. |
| Ryan Todd | Piper Sandler Companies |
| Mark Lear | Piper Sandler Companies |