Presidio Production Company (NYSE: FTW) announced its financial results for the third quarter ended September 30, 2026, and declared an increased dividend for the period. The company reported a quarterly dividend of $0.375 per share, representing an annualized rate of $1.50 per share. This marks an 11% increase over the second quarter dividend rate.
For the third quarter, Presidio reported total revenue of $57.3 million, a 6% increase from the previous quarter. The company achieved an average realized price of $25.49 per barrel of oil equivalent (Boe), which included a realized derivative gain of $1.77 per Boe. Despite the revenue increase, the company reported a net loss of $50.7 million, primarily driven by a $66.5 million non-cash, unrealized loss on commodity derivatives. Adjusted EBITDA was reported at $29.1 million.
Production metrics for the quarter showed an average net production of 26.1 million barrels of oil equivalent per day (MBoe/d), an increase of 15% compared to the second quarter. This production mix consisted of approximately 13% oil, 58% natural gas, and 29% natural gas liquids (NGLs). The company noted that the Canyon Creek acquisition, which closed in July 2026, drove most of the production growth.
In terms of capital structure, as of September 30, 2026, Presidio had total debt of $393.2 million and net debt of $349.4 million. The company reported unrestricted cash of $37.4 million and total liquidity of approximately $97.4 million. The company also sold leasehold and mineral interests in Oklahoma for $17.0 million year-to-date.
Presidio plans to host a conference call to discuss the results on Friday, November 13, 2026, at 10:00 AM Eastern Time. A live webcast and replay will be available on the company’s investor relations website.
