Key Points – Presidio Production reiterated a dividend-focused acquisition strategy, saying it buys long-life producing oil and gas assets, improves cash flow, and returns capital to shareholders.
Management said it expects to raise the annualized dividend from $1.35 to $1.50 per share after closing its planned $83 million Arkoma Basin acquisition, subject to board approval. – Management said first-quarter results were distorted by transaction-related accounting, hedge restructuring costs, and non-cash items, so they should not be viewed as representative of ongoing earnings power
Presidio guided to about $30 million of adjusted EBITDA in Q2 and said that level is a reasonable quarterly framework through the rest of 2026. – The company highlighted strong acquisition capacity and operational leverage, including $48.7 million of liquidity, a pro forma leverage ratio of about 2.2x, and a $1 billion ABS warehouse facility to fund future deals. Presidio also emphasized its technology-driven operating model and AI tools, which it says can boost production without added capital spending. Presidio Production (NYSE:FTW) used its first-quarter 2026 earnings call to outline its dividend-focused acquisition strategy, explain why management views the quarter as not representative of future results, and highlight plans to expand through producing asset acquisitions while applying operational technology to increase cash flow.
Co-CEO Will Ulrich said Presidio’s strategy is centered on acquiring long-life, low-decline producing oil and gas assets, improving cash flows and returning capital through a fixed and growing dividend. “We acquire, we optimize, we grow the dividend, we repeat,” Ulrich said. The company recently declared its first dividend at an annualized rate of $1.35 per share. Ulrich said Presidio intends to raise the annualized dividend to $1.50 per share after closing its planned acquisition of producing assets in the Arkoma Basin, subject to board approval.