Presidio Production Company Announces Third Quarter 2026 Results
Business Wire•12/11/2026•16:28 ET
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Key Highlights
- ➤Dividend increased 11% to $0.375 per share, or $1.50 annualized
- ➤Third-quarter production rose 15% to 26.1 MBoe/d after Canyon Creek acquisition
- ➤Adjusted EBITDA reached $29.1 million, in line with August outlook
- ➤Net loss attributable to Presidio totaled $46.4 million, including $66.5 million derivative loss
- ➤Arkoma Basin working-interest acquisition added for approximately $4.3 million after quarter-end
Expert Statements
Will Ulrich, Chairman and Co-CEO of Presidio Production Company
“Our third quarter results reflect continued execution of our acquisition and optimization strategy”
Will Ulrich, Chairman and Co-CEO of Presidio Production Company
“Canyon Creek contributed its first full quarter, and our continued focus on improving the performance of our existing assets has allowed us to increase our annualized dividend to $1.50 per share.”
Will Ulrich, Chairman and Co-CEO of Presidio Production Company
“Each of these steps reinforces the acquisition model we are building to consolidate producing oil and gas assets.”
Chris Hammack, Co-CEO and Director of Presidio Production Company
“When we closed Canyon Creek, we said the Arkoma Basin was a place to build scale through consolidation.”
Chris Hammack, Co-CEO and Director of Presidio Production Company
“In our first full quarter operating the assets, we moved the wells onto our production systems, right-sized compression and changed chemical vendors, and Canyon Creek helped lower our lease operating expense per Boe.”
Chris Hammack, Co-CEO and Director of Presidio Production Company
“In October, we added working interest in Arkoma properties where we already operate, our first step in building around that position.”
Chris Hammack, Co-CEO and Director of Presidio Production Company
“Land-and-expand remains the strategy.”
Presidio Production Company Announces Third Quarter 2026 Results
Declares increased 3Q 2026 dividend of $0.375 per share ($1.50 per share per year)
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