Presidio (FTW) Q3 2026 earnings summary

Executive summary

• Q3 production rose 15% QoQ to 26.1 MBoe/d, driven mostly by Canyon Creek; revenue increased 6% to $57.3 million and Adjusted EBITDA was $29.1 million.

• A $66.5 million non-cash unrealized derivative loss contributed to a $46.4 million net loss attributable to Presidio Production Company; the quarterly dividend increased 11% to $0.375 per share.

Financial highlights

• Total revenue was $57.3 million, up 6% from $54.0 million in Q2; average realized price was $23.72/Boe excluding derivatives and $25.49/Boe including derivatives.

• Adjusted EBITDA was $29.1 million, in line with the outlook provided in August; Adjusted Unhedged EBITDA was $24.8 million.

• GAAP net loss was $50.7 million, including a $13.8 million income tax benefit; net loss attributable to Presidio Production Company was $46.4 million, or $1.80 per Class A share.

• Operating income was $0.6 million; total operating expense was $11.09/Boe, including lease operating expense of $9.10/Boe, production taxes of $1.46/Boe and ad valorem taxes of $0.53/Boe.

Outlook and guidance

• Asset Intelligence programs target 3%–5% production growth in 2026 across existing assets; programs added 3.2% to Q3 production.

• Ten additional shut-in wells are expected to return to production by year-end after the first identified well restarted in October.

• Acquisition strategy remains focused on opportunities meeting strategic and return criteria; an October Arkoma working-interest purchase added to the existing operating position.