Presidio Production (NYSE:FTW) Announces Earnings Results

Presidio Production (NYSE:FTW) issued its quarterly earnings results on Friday. The company reported ($3.56) earnings per share (EPS) for the quarter, FiscalAI reports.

Here are the key takeaways from Presidio Production’s conference call:

• Presidio said its first dividend was declared at an annualized rate of $1.35 per share (about a 12% yield), and management expects to raise it to $1.50 per share after the Arkoma/Canyon Creek acquisition closes in early Q3.
• Management emphasized that Q1 results were distorted by the merger closing and non-recurring items, including transaction costs and hedge mark-to-market losses, and said Q2 adjusted EBITDA should be about $30 million at current strip prices.
• The company highlighted its asset optimization playbook, saying it has cut costs through labor, compression, chemicals, and pump-by-exception routing, including a 39% reduction in chemical expense and a 50% reduction in well visits with similar or better production.
• Presidio is leaning heavily into AI-driven asset intelligence, targeting 3%-5% production improvement this year without capex and saying it has already achieved about 1% improvement in the first four months of 2026.
• Management said it has more than $1 billion of deal pipeline and a newly announced $1 billion Goldman Sachs warehouse facility to fund PDP acquisitions, while keeping leverage around 2.2x based on its Q2 EBITDA run-rate estimate.

Presidio Production Trading Up 7.3%

Shares of NYSE:FTW traded up $0.82 on Friday, hitting $12.07. 212,799 shares of the company’s stock were exchanged, compared to its average volume of 53,014. Presidio Production has a 12 month low of $9.50 and a 12 month high of $17.20.

Presidio Production Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st will be given a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Tuesday, June 1st.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Presidio Production to a “sell” rating in a research report on Saturday, May 9th.

About Presidio Production

Presidio Production Co is a U.S.-based energy company focused on acquiring, operating and optimizing mature oil and gas assets with a disciplined, technology-driven model.