🔴 Prairie Operating is trading 9.79% down today after production and EBITDA guidance cuts

Prairie Operating is trading 9.79% down at $0.64 after production and adjusted EBITDA guidance cuts.

• Its August 17, 2026 release reported second-quarter revenue of $98.9 million below expectations, with production averaging 21,866 Boe/d.
• Full-year guidance is now 23,000–25,000 Boe/d and $180–$190 million adjusted EBITDA; amended credit covenants add minimum-production requirements, highlighting liquidity and execution concerns.
• Shares fell 29.00% on August 17 despite EPS benefiting from non-cash gains; broader markets are weaker, but the reset appears the primary catalyst.