FTW

EX-99.1

2 ea030206301ex99-1.htm

PRESS RELEASE, DATED AUGUST 11, 2026

Exhibit 99.1

PRESIDIO PRODUCTION COMPANY ANNOUNCES SECOND

QUARTER 2026 RESULTS

Aug 11, 2026 4:01 PM Eastern Daylight Time

Declares 2Q 2026 dividend of $0.3375 per share ($1.35 per share per year)

FORT WORTH, Texas—(BUSINESS WIRE)—Presidio Production Company (NYSE: FTW) (“Presidio” or the “Company”), today announced recent highlights and results for the second quarter ended June 30, 2026.

Recent Highlights

●Averaged approximately 22.8 MBoe/d of production for the second quarter, comprising approximately 16% oil, 57% natural gas, and 27% NGLs

●Reported net income attributable to Presidio Production Company of $14.4 million, or $0.34 per Class A share, for the second quarter of 2026

●Generated approximately $33.2 million of Adjusted EBITDA for the second quarter of 2026

●Closed $350 million investment grade ABS refinancing at a weighted average coupon of 6.38%

●Appointed Jason Hudak as Chief Technology Officer and established a dedicated engineering team focused on developing and deploying Presidio’s AI platform

●Closed Canyon Creek acquisition in July 2026, after the quarter-end, marking the Company’s second acquisition as a public company and its first in the Arkoma Basin

●Declared 2Q 2026 dividend of $0.3375 per share ($1.35 per share per year)

Management Commentary

“Our second quarter results reflect continued execution across the business,” said Will Ulrich, Chairman and Co-CEO. “Adjusted EBITDA exceeded guidance, we completed an investment-grade ABS refinancing that lowered our cost of capital, and we closed our second acquisition as a public company. Together, these milestones strengthen our capital structure, support a higher dividend, and reinforce the acquisition model we are building to consolidate producing oil and gas assets.”

Chris Hammack, Co-CEO and Director, added: “Our team had a strong quarter in the field. We continued advancing the EQVR asset integration and assumed responsibility for Canyon Creek operations on day one. At both assets, our focus is straightforward: deploy our optimization strategy and implement AI workflows to enhance cash flow.”

Second Quarter 2026 Financial and Operating Results

All financial metrics in this release reflect the successor period for the three months ended June 30, 2026 and exclude the Canyon Creek acquisition, which closed after the quarter-end.

Second-quarter production averaged approximately

22.8 MBoe/d, or 2,071 MBoe for the quarter, comprising approximately 16% oil, 57% natural gas and 27% NGLs.

Total revenue was $54.0 million. The Company’s 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.

Lease operating expense was $9.39 per Boe. Production taxes were $1.42 per Boe and Ad valorem taxes were $0.41 per Boe, resulting in total operating expense of $11.22 per Boe.

The Company reported income from operations of $6.1 million, net income of $15.5 million, and net income attributable to Presidio Production Company of $14.4 million, or $0.34 per Class A share.

Adjusted EBITDA was $33.2 million. Results benefited from the first full quarter of the restructured hedge portfolio, together with continued operating efficiencies across the asset base.

Capital expenditures remained minimal during the quarter, consistent with the Company’s low-reinvestment model.

Return of Capital

The Board approved a quarterly cash dividend of $0.3375 per share ($1.35 per share per year).

The Q2 2026 cash dividend will be payable on September 14, 2026 to stockholders of record as of August 31, 2026.

Future dividends, including the amount and timing thereof, will be declared at the discretion of the Board of Directors and will depend on the Company’s financial condition, results of operations, capital requirements, and other factors the Board deems relevant.

AI and Asset Intelligence

Presidio applies a disciplined, data-driven playbook to modernize acquired oilfield operations, transforming oil and gas assets into high-efficiency operations through repeatable systems and empowered field execution.

The next phase of this strategy is the development and deployment of new AI workflows to enhance operations.

During the quarter, Presidio appointed Jason Hudak as Chief Technology Officer and established a dedicated engineering team under his leadership. Mr. Hudak is a technology executive whose career spans nearly three decades across several of Silicon Valley’s leading platform and infrastructure companies, most recently as Vice President of Engineering at Aerospike, with prior senior roles at Twilio, RapidAPI, Foursquare, and Yahoo. Under his leadership, the team is developing Presidio’s AI platform, which the Company is deploying first across its own operations, where Presidio already applies data and analytics to acquire and optimize producing oil and natural gas wells.

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