Prairie Operating Management
Management criteria checks 0/4
Prairie Operating's CEO is Greg Patton, appointed in Jun 2026, has a tenure of less than a year. total yearly compensation is $4.85M, comprised of 11.3% salary and 88.7% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth $141.55K. The average tenure of the management team and the board of directors is 1.6 years and 1.8 years respectively.
Key information
Greg Patton
Chief executive officer
US$4.9m
Total compensation
| CEO salary percentage | 11.33% |
| CEO tenure | less than a year |
| CEO ownership | 0.2% |
| Management average tenure | 1.6yrs |
| Board average tenure | 1.8yrs |
Recent management updates
Recent updates
Prairie Operating: Q2 Exposed The Equity Problem
Summary Prairie Operating has transformed from a simple E&P to a larger DJ Basin platform following the Bayswater acquisition. Q1 revenue surged over 500% to $83.4 million, with production reaching approximately 23,200 Boe/d, driven primarily by the Bayswater deal. While GAAP losses appear severe, adjusted EBITDA is strong; the gap is due to derivatives, Series F preferred, and warrant dilution. The critical focus is on PROP's ability to integrate Bayswater assets, sustain production guidance, and generate sufficient EBITDA given its capital structure. Read the full article on Seeking Alpha
PROP: Index Removal And Bid Price Pressures Will Set Up Rebound
Analysts have trimmed their price target on Prairie Operating to $3.50 from $4.00, citing lower projected 2026 cash flow per share following a weaker Q1, a higher share count, and hedges set below their price deck. What’s in the News for Prairie Operating On July 2, 2026, Prairie Operating received a Minimum Bid Price Notice from Nasdaq stating that its common stock had closed below the required US$1.00 per share for 30 consecutive business days.
PROP: Reset Cash Flow Outlook And Leadership Changes Will Drive Future Upside
Analysts have reduced their fair value estimate for Prairie Operating from $3.50 to $3.25. They cite lower projected 2026 cash flow per share following a weaker first quarter, a higher share count, and hedges that are below their price deck.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?CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | US$2m |
| Mar 31 2026 | n/a | n/a | -US$139m |
| Dec 31 2025 | US$5m | US$550k | -US$61m |
Compensation vs Market: Greg's total compensation ($USD4.85M) is above average for companies of similar size in the US market ($USD653.62K).
Compensation vs Earnings: Insufficient data to compare Greg's compensation with company performance.
CEO
Greg Patton (40 yo)
Mr. Gregory S. Patton, also known as Greg, is Chief Executive Officer and Director at Prairie Operating Co., LLC from June 25, 2026 and served as Chief Financial Officer at Prairie Operating Co., LLC from...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | less than a year | US$4.85m | 0.18% $ 141.5k | |
| Executive VP & CFO | less than a year | no data | no data | |
| Executive Vice President of Operations | 3.3yrs | no data | 0.64% $ 509.7k | |
| Executive VP | 3.1yrs | no data | 0.58% $ 464.2k | |
| Executive Vice President | 1.6yrs | no data | no data |
Experienced Management: PROP's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | less than a year | US$4.85m | 0.18% $ 141.5k | |
| Director | less than a year | no data | no data | |
| Director | 1.8yrs | US$427.73k | 0.17% $ 134.1k | |
| Independent Chairman | 3.3yrs | US$427.73k | 0.081% $ 64.8k | |
| Independent Director | 3.3yrs | US$427.73k | 1.58% $ 1.3m |
Experienced Board: PROP's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/18 15:21 |
| End of Day Share Price | 2026/08/18 00:00 |
| Earnings | 2026/06/30 |
| 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
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Analyst Sources
Prairie Operating Co. is covered by 3 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. |
| Leo Mariani | Roth Capital Partners |
| Jeffrey Robertson | Water Tower Research LLC |