[1] By the end of the 2016–17 season, PTE had presented 340 plays on its thrust stage over its 44-year history, 149 of which were world premieres, to an annual average attendance of 35,000 people.

Approximately 700 students enroll annually in onsite acting classes, from adults to children as young as five.

[5] In 1972–1973, MTC shut down the school, and a group spearheaded by Colin Jackson and Charles Huband founded the Manitoba Theatre Workshop (MTW) to take its place.

[3][5][6] Originally the Manitoba Theatre Workshop was oriented toward a younger audience, but in 1975, the first adult productions were performed at MTW.

[7] In 1981, the workshop changed its name to the Prairie Theatre Exchange, to reflect a growing focus on presenting a season of plays for an adult audience, while maintaining its commitment to the School and its younger clientele.

[7] From 1987 through 1989, the Prairie Theatre Exchange initiated and completed a move into Portage Place Shopping Centre, with the opening play, Village of Idiots, at the new location on October 12, 1989.

[3] In August 2001, the Prairie Theatre Exchange performed overseas for the first time at the Edinburgh Fringe Festival, with an all-aboriginal cast in a production of fareWel by Winnipeg playwright Ian Ross.

The current roster of new and established playwrights consists of Joseph Aragon, Sharon Bajer, Rick Chafe, Ginny Collins, Tricia Cooper, James Durham, Debbie Patterson, Ellen Peterson, Marc Prescott, and Alix Sobler.

Other new scripts developed by the members of the Playwrights Unite during the past few years have been produced across the country, including a number of Short Shots—ten minute plays specially commissioned by PTE for the Carol Shields Festival.

[5] With the completion of Phase 1 of the capital project in the summer of 2011, PTE was able to renovate the lobby, construct a new lounge, and upgrade its washrooms.

[5] On October 29, 2012, Robert Metcalfe was presented with the Queen Elizabeth II Diamond Jubilee Medal by the Honourable Joyce Bateman, M.P.

In 2024, Li and Jones both resigned from PTE after terminating most of the theater's production crew including department heads of wardrobe, carpentry, and props, citing financial struggles.