Presidio Declares First Dividend as a Public Company
Board Approves Pro Rata Special Dividend for Q1 2026 at $1.35 Per Share Per Year Rate and Establishes Regular Quarterly Dividend Schedule
FORT WORTH, Texas–(BUSINESS WIRE)–
Presidio Production Company (NYSE: FTW) (“Presidio” or the “Company”), a yield-focused, differentiated oil and gas operator in the United States focused on the acquisition and optimization of producing oil and natural gas wells, without drilling, today announced that its Board of Directors has declared a special cash dividend of $0.10125 per share of Class A Common Stock.
The Q1 2026 special dividend of $0.10125 reflects a pro rata amount for the period from March 5, 2026, the first day following the date of the closing of the Company’s business combination, through March 31, 2026, based on an anticipated quarterly dividend rate of $0.3375 ($1.35 per share per year).
The Q1 2026 special dividend will be payable on May 18, 2026 to stockholders of record as of May 4, 2026.
Anticipated Dividend Schedule
The Company intends to declare and pay regular quarterly dividends coinciding with its quarterly earnings cycle. The following table sets forth the anticipated schedule for the Q1 2026 special dividend and the subsequent four quarters, subject to Board of Directors approval each quarter:
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Dividend Period:
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Q1 ’26 Special
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Q2 ’26
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Q3 ’26
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Q4 ’26
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Q1 ’27
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Declaration Date:
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Apr 14, 2026
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Aug 11, 2026
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Nov 12, 2026
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Feb 12, 2027
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May 12, 2027
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Record Date:
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May 4, 2026
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Aug 31, 2026
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Dec 2, 2026
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Mar 4, 2027
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Jun 1, 2027
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Payment Date:
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May 18, 2026
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Sep 14, 2026
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Dec 16, 2026
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Mar 18, 2027
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Jun 15, 2027
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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.
“Today’s dividend declaration marks a significant milestone for Presidio as we deliver on our foundational commitment to provide consistent cash to shareholders,” said Will Ulrich, Chairman and Co-CEO of Presidio. “We built this company around the conviction that cash-flowing producing assets can generate reliable, attractive returns for our investors. This first dividend is a tangible demonstration of that thesis, and we look forward to building a consistent track record of paying and increasing the dividend over time.”
Chris Hammack, Co-CEO of Presidio continued, “Establishing a predictable, quarterly dividend cadence is a core element of the Presidio value proposition. Our portfolio of low-decline, producing wells generates substantial free cash flow, and we are committed to a disciplined framework that prioritizes dividends to shareholders alongside accretive acquisitions.”
About Presidio
Headquartered in Fort Worth, TX, Presidio (NYSE: FTW) is a leading operator of oil and gas wells across the Mid-Continent. Presidio is a yield-focused, differentiated oil and gas operator in the United States focused on the acquisition and optimization of producing oil and natural gas wells, without drilling. To learn more about Presidio, please visit https://bypresidio.com/.
Cautionary Note, Forward-Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company’s expectations, hopes, beliefs, intentions or strategies regarding the future, including our expectations regarding the issuance of future dividends and the anticipated benefits of the Canyon Creek acquisition. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those that we have anticipated. These forward-looking statements speak only as of the date this press release is actually delivered and involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted against the Company or others; (2) the ability to recognize the anticipated benefits of the Canyon Creek acquisition, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (5) changes in domestic and foreign business, market, financial, political conditions, and in applicable laws and regulations; (6) the ability to meet stock exchange listing standards; (7) the ability of the Company to build or maintain relationships with customers and suppliers and retain its management and key employees; (8) risks related to commodity price volatility and its impact on cash flows and dividend sustainability; (9) risks related to oil and gas operations, including production declines, operational challenges, and regulatory changes; (10) risks related to the Company’s acquisition strategy and its ability to identify, complete, and integrate acquisitions; (11) risks related to the Company’s ability to pay, maintain or increase dividend payments; and (12) other risk factors described herein as well as the risk factors and uncertainties described in documents filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”), the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” and similar sections in its filings with the SEC, and any periodic Exchange Act reports filed with the SEC such as its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The recipient of this press release should carefully consider the foregoing risk factors and the other risks and uncertainties which will be more fully described in the documents filed by the Company from time to time with the SEC. If any of these risks materialize or the underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.
In addition, there may be additional risks that the Company presently does not know, or that it currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this communication should be regarded as a representation or warranty, either express or implied, by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
In addition, the information contained in this press release is provided as of the date hereof and may change, and the Company and its representatives and affiliates specifically disclaim any obligation to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, inaccuracies, future events or otherwise, except as may be required under applicable securities laws. Information contained on our website is not a part of or incorporated into this press release. Dividends are not guaranteed and may be adjusted, suspended, or discontinued at the discretion of the Board of Directors based on liquidity, legal surplus, business conditions, commodity price volatility, market conditions and other factors.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414073302/en/
Presidio Media and Investor Contact:
[email protected]
KEYWORDS: Texas United States North America
INDUSTRY KEYWORDS: Oil/Gas Energy
MEDIA:
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