🔴 Prairie Operating is trading 10.6% down today after management cut 2026 production and EBITDA guidance

Prairie Operating is trading 10.61% down now at $0.63 after investors reacted to its August 17 earnings release and lowered full-year outlook.

• Q2 revenue reached $98.9 million, while production was 21,866 Boe/d and adjusted EBITDA totaled $34.0 million.
• Management cut 2026 production guidance to 23,000–25,000 Boe/d and adjusted EBITDA guidance to $180–$190 million.
• The credit amendment added a minimum-production covenant, highlighting liquidity and execution concerns.