Revenue: As of FY2026 Q2, the actual value is USD 54 M.

EPS: As of FY2026 Q2, the actual value is USD 0.34.

EBIT: As of FY2026 Q2, the actual value is USD 23.73 M.

Presidio Production Company reported its financial results for the second quarter ended June 30, 2026, with key financial and operational metrics. The company’s average production for the quarter was 22.8 MBoe/d, totaling 2,071 MBoe, composed of approximately 16% oil, 57% natural gas, and 27% NGLs . AI initiatives contributed a 2.3% production uplift through the second quarter, generating $4.5 million in annualized revenue in Q2 .

Revenue

Total revenue for the quarter was $54.0 million, excluding hedge settlements . Including $6.9 million from realized hedge settlements, total revenue was $60.9 million, an increase from $34.4 million in the first quarter . The average realized price was $25.93 per Boe excluding derivatives and $29.24 per Boe including derivatives, reflecting a realized derivative gain of $3.31 per Boe . Oil sales contributed $30.673 million, natural gas sales $7.645 million, natural gas liquids sales $15.381 million, and field services revenue $0.301 million .

Operating Costs

Lease operating expense (LOE) was $9.39 per Boe, an improvement from $9.47 per Boe in the first quarter successor period . Production taxes were $1.42 per Boe, and Ad valorem taxes were $0.41 per Boe, resulting in a total operating expense of $11.22 per Boe, down from $11.68 per Boe . General and administrative expenses were $3.46 per Boe, and Adjusted General and administrative expenses were $2.28 per Boe . Depletion for oil and gas properties was $7.31 per Boe, and depreciation and amortization for other assets was $0.41 per Boe . Total operating expenses amounted to $47.938 million . The integration of the EQVR asset resulted in a 30% reduction in lease operating expense, and a 32% reduction is projected for the Canyon Creek acquisition .

Profitability

Presidio Production Company reported income from operations of $6.062 million . Consolidated net income was $15.5 million, with net income attributable to Presidio Production Company being $14.4 million, or $0.34 per Class A share . Adjusted EBITDA was $33.2 million, surpassing the $30 million guidance by $3.2 million, or approximately 11% . Adjusted Unhedged EBITDA was $26.315 million .

Cash Flow

Free cash flow for the quarter was $15.7 million, or roughly $0.50 per share . Capital expenditures remained minimal at $0.6 million .

Capital Structure and Liquidity

As of June 30, 2026, total debt principal outstanding was $350 million, and Net Debt was $296.5 million . Giving pro forma effect to a $55 million draw under the ABS Warehouse Facility for the Canyon Creek acquisition, pro-forma Net Debt was $351.5 million . Leverage was approximately 2.7x, based on annualized second-quarter Adjusted EBITDA of approximately $132.7 million . The company had $42.3 million of unrestricted cash and no borrowings outstanding under its RBL as of June 30, 2026 . Pro forma liquidity, after a borrowing base adjustment, was approximately $102.3 million, consisting of $42.3 million of unrestricted cash and $60.0 million of available capacity under the RBL . The company closed a $350 million investment-grade refinancing of its prior asset-backed securitization at a weighted average coupon of 6.38%, which was 184 basis points below the prior ABS coupon . The Canyon Creek acquisition was funded with an initial $55 million draw under the Company’s $1 billion ABS Warehouse Facility . Over the trailing twelve months through July, $12.9 million in cash consideration was realized from leasehold monetization .

Dividends

The Board approved a quarterly cash dividend of $0.3375 per share, equivalent to $1.35 per share per year, payable on September 14, 2026 .

Acquisitions and Growth

Presidio Production Company closed the Canyon Creek acquisition in July 2026, marking its entry into the Arkoma Basin . This acquisition generates approximately 21 MMcfe/d (3.5 MBoe/d) of net PDP production, weighted approximately 70% to natural gas and 30% to natural gas liquids . The company’s broader acquisition pipeline totals approximately $17 billion . A workover program completed 25 of 69 identified jobs, compressing the payout period to 0.75 years and improving PV-10 from $2.7 million to $3.4 million .

Outlook

Presidio Production Company targets three to five percent production growth in 2026 across its existing asset base without additional capital expenditure, having already achieved approximately one percent production uplift to date . The company expects Adjusted EBITDA to be slightly under $30 million per quarter for the third and fourth quarters of 2026, summing to $90 million for the last nine months of 2026 . The annualized dividend is currently $1.35 per share, with an expected raise in the future following the Canyon Creek acquisition, subject to Board approval .