Prairie Operating

PROP

Oil & Gas Exploration & Production · Energy

Price

$0.80

+0.05 (+6.57%)

Market Cap

$78.1M

Exchange

NASDAQ Capital Market

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+27177656.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 166K (2021) → 45.23B (2025)

Prairie Operating Co. is a small oil and natural gas company that drills for and produces energy resources in the United States. It focuses on the Denver-Julesburg (DJ) Basin in Colorado, selling crude oil, natural gas, and natural gas liquids to energy buyers and commodity markets. The company has grown partly through acquisitions of existing producing assets in the region.

Prairie Operating makes money by selling the oil and gas it pulls out of the ground, with revenue tied directly to commodity prices. It is a micro-cap company with a market value around $100 million, competing against much larger producers in the DJ Basin such as Civitas Resources and Chord Energy. Its relatively thin asset base and small size mean it has limited pricing power and less financial cushion if oil or gas prices drop sharply — commodity price swings remain the single biggest risk to its business.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+513.8% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+38.1% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$263,000 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Prairie Operating is growing revenue at 514% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

52.1%

Healthy — 52.1% gross margin

Operating Margin

31.5%

Excellent — 31.5% operating margin

ROCE

5.4%

Weak — 5.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

>+1,000%

Fast-growing sales (>+1,000% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-7.8%

Burning cash (-7.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

1217.76

Heavy debt load (1217.76)

Interest Cover

2.65x

Tight — interest eats into profit (2.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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