Every 8-K that Presidio Production Company (FTW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FTW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FTW filings page.
Presidio Production Company (FTW) filed an amended report to add historical and pro forma financial information for its Arkoma Basin acquisition in Oklahoma. The Arkoma assets were acquired on July 1 and July 21, 2026 for total cost of $82.3 million, including $53.1 million in cash and 1,962,240 Class A shares valued at $24.0 million, plus $5.3 million of capitalized transaction costs.
For 2025, the Arkoma properties generated $28.4 million in revenues and $18.3 million excess of revenues over direct operating expenses; for the six months ended June 30 2026 they produced $13.3 million in revenues and $8.5 million excess. Proved reserves as of December 31 2025 totaled 19,240 MBoe with a standardized discounted future net cash flow measure of $104.4 million.
Pro forma as of June 30 2026, Presidio shows total assets of $938.3 million, including $88.7 million of Arkoma oil and gas properties, funded in part by a $55.0 million draw on a new $1.0 billion warehouse credit facility. Pro forma net loss available to common shareholders was $32.4 million for the six months ended June 30 2026 and $25.7 million for 2025, or $(1.13) and $(0.89) per share, respectively.
Presidio Production Company provided an updated Q2 2026 investor presentation highlighting profitable operations, balance sheet actions, acquisitions and its AI strategy. For the three months ended June 30, 2026, the company generated $54.0 million of total revenue, $14.4 million of net income attributable to Presidio, and $33.2 million of Adjusted EBITDA, with average daily production of 22.8 MBoe/d from a 16% oil, 57% gas and 27% NGL mix.
Leverage was 2.7x, based on $352 million of pro forma net debt divided by annualized Q2 Adjusted EBITDA, and enterprise value was $853 million. Presidio refinanced $350 million of ABS notes, cutting the weighted average coupon by 184 bps to 6.38% and reducing amortization. The company emphasized an income-focused model with a current annualized dividend of $1.35 per share (about a 12% yield at a share price of $11.39) and expects the Canyon Creek acquisition to support an increase to $1.50 per share, subject to board approval. Management highlighted a $17 billion acquisition pipeline and an AI-driven “Asset Intelligence” program targeting 3–5% production growth with no additional capital, with 2.3% uplift achieved year-to-date.
Presidio Production Company reported a profitable first full quarter as a public company for the three months ended June 30, 2026. Net income attributable to the company was $14.4 million, or $0.34 per Class A share, on $54.0 million of revenue and average production of 22.8 MBoe/d.
Adjusted EBITDA was $33.2 million, about $3.2 million above prior guidance, supported by low capital spending of $0.6 million and lease operating expense of $9.39/Boe. The board declared a quarterly dividend of $0.3375 per share ($1.35 annualized), with management signaling intent to increase it after the Canyon Creek acquisition contributes, subject to board approval.
Presidio closed a $350 million investment-grade ABS refinancing, lowering its weighted average coupon from 8.22% to 6.38% and adding flexible call features. Pro forma for the Canyon Creek funding, Net Debt was $351.5 million and leverage about 2.7x annualized Q2 Adjusted EBITDA, with liquidity of roughly $102.3 million. Management highlighted AI-driven optimization delivering about 2.3% production uplift to date toward a 3–5% 2026 target.
Presidio Production Company completed the acquisition of oil and gas assets in Oklahoma from Canyon Creek and affiliated sellers, paying about $52.5 million in cash plus stock. The acquired properties include leases and related interests in crude oil, natural gas and liquids.
To finance this deal and future purchases, Presidio put in place a senior secured ABS Warehouse Facility with total commitments of up to $1.0 billion, drawing $55.0 million at closing and keeping $945.0 million available as delayed draw loans for additional acquisitions. The company also issued unregistered Class A shares to sellers and granted them registration rights for future resale.
In a related press release, Presidio said it expects the transaction to support an increase in its anticipated annualized dividend rate from $1.35 to $1.50 per share, subject to board approval, and highlighted an extensive hedging program for oil, natural gas and NGL volumes through 2029.
Presidio Production Company furnished an updated investor presentation outlining its income-focused oil and gas strategy, pending Canyon Creek acquisition, capital structure and AI deployment plans. The company targets a $1.35 annualized dividend per share$1.50 following the Canyon Creek close, implying a 10.9% dividend yield$12.40 share price. Current net production is 22 Mboe/d from a 100% PDP, low-decline asset base in the Anadarko Basin. Presidio reports an $828MM enterprise value and highlights a $15Bn near-term actionable acquisition pipeline, supported by a $350MM investment-grade ABS refinancing and a planned $1.0Bn Goldman Sachs ABS warehouse facility. The presentation emphasizes an AI-driven operating model via FTW Technologies, targeting 3–5% production growth without new drilling and estimating about $2.5MM of annual value for each 1% production uplift at $30/BOE.
Presidio Production Company completed a $350 million refinancing of its asset-backed securitization through Presidio Finance LLC, issuing fixed-rate ABS III Notes in a private offering. The deal consists of $175 million of 5.902% Class A-1 Notes and $175 million of 6.717% Class A-2 Notes, each legally due 2041 and secured by upstream producing assets in Texas and Oklahoma.
Net proceeds refinanced the prior ABS and related notes, paid premiums, fees, accrued interest and liquidity reserves, and were also used for general corporate purposes. A related press release states the new ABS carries a weighted average coupon of 6.38%, 184 basis points below the prior ABS, and that the company used proceeds to repay $37 million drawn on its reserve-based lending facility and fund $35 million of additional hedges. The RBL now has a $65 million borrowing base and is fully undrawn.
The Indenture includes typical covenants such as reserve account requirements, optional and mandatory prepayments, make-whole provisions, and detailed reporting, as well as accelerated amortization triggers tied to debt service coverage, loan-to-value ratios, production metrics, hedging compliance, and repayment or refinancing by the Final Scheduled Payment Dates in August 2033 and February 2035. The ABS III Notes also feature coupon step-ups and customary events of default if key conditions are not met.
Presidio Production Company entered into a series of purchase and sale agreements to acquire oil and gas properties in Oklahoma from multiple seller parties. The consideration for the overall transaction is $60 million of cash plus 2,173,913 shares of Presidio common stock, with the total value described as approximately $83 million.
Key components include a Canyon Creek acquisition for $19.986 million in cash and 1,166,627 shares, and an Alchemist acquisition for $25.395 million in cash and 920,109 shares. A separate Pivotal acquisition is priced at $13.125 million in cash. The assets consist of a broad mix of oil and gas interests and related rights across certain Oklahoma properties.
The company expects the transaction to close early in the third quarter of 2026, subject to customary closing conditions. Presidio has also agreed to provide registration rights for the stock portions issued to Canyon Creek and Alchemist, allowing resales of the related shares under the Securities Act.
Presidio Production Company completed its business combination with EQV Ventures Acquisition Corp. and related EQVR acquisition, and this amendment updates the disclosed total of 11,887,469 Presidio Warrants outstanding after closing.
Following redemptions of 33,581,540 EQV public shares for about $357.1 million, Presidio emerged with 27,652,068 Class A shares, 125,000 Series A preferred shares and 27,173 Series B preferred shares outstanding as of closing. The deal was supported by an 8,750,000‑share PIPE at $10.00 per share, $123.75 million of Series A preferred financing with attached low‑priced warrants, and a $25 million Series B convertible preferred investment.
Presidio also put in place a $65 million senior secured revolving credit facility with an initial $65 million borrowing base and up to $500 million in aggregate commitments, adopted a 2026 equity incentive plan reserving 4,640,654 Class A shares plus an annual 5% evergreen increase, and implemented a mandatory executive compensation clawback policy. Its Class A stock and warrants now trade on the NYSE under the symbols “FTW” and “FTW WS.”
Presidio Production Company completed its business combination with EQV Ventures Acquisition Corp. and related EQVR acquisition, transforming from a shell into an operating oil and gas "Up‑C" holding company whose Class A stock and warrants trade on the NYSE under “FTW” and “FTW WS.”
The transaction structure includes 27,652,068 shares of Presidio Class A Common Stock, 125,000 Series A Preferred Shares, 11,879,702 Presidio warrants and 27,173 Series B Preferred Shares outstanding as of closing. Presidio also raised capital through an 8,750,000‑share PIPE at $10.00 per share, $123,750,000 of Series A preferred financing with associated $0.01 warrants, and $25,000,000 of Series B convertible preferred financing.
In parallel, a new $65.0 million senior secured revolving credit facility with a $500.0 million aggregate maximum, a 4.64 million‑share equity incentive plan with an annual 5% share increase feature, a board‑level clawback policy and new governance, registration‑rights and indemnification arrangements were put in place, along with a detailed post‑closing board and committee structure.