Presidio Production posts Q3 2026 revenue of $57.3 M, adjusted EBITDA $29.1 M and raises dividend to $0.375 per share
Presidio Production reported third‑quarter 2026 revenue of $57.3 million, a 6 % sequential increase, and adjusted EBITDA of $29.1 million. Net loss attributable to the company was $46.4 million, driven mainly by a $66.5 million non‑cash unrealized loss on commodity derivatives. The board declared a quarterly dividend of $0.375 per share, an 11 % rise, and highlighted a 15 % rise in production to 26.1 k BOE/day, helped by the full‑quarter contribution from the Canyon Creek acquisition and AI‑driven production uplift.
Why it matters
The higher dividend and record production may attract income‑focused investors, while the large non‑cash derivative loss underscores exposure to commodity price hedging. The earnings release also signals continued cost discipline, with lease operating expense falling to $9.10 per BOE, which could support cash flow generation.
Key facts
- 1Q3 2026 revenue was $57.3 million, up 6 % from the prior quarter's $54.0 million. tradingview.com
- 2Adjusted EBITDA for the quarter was $29.1 million. tradingview.com
- 3Net loss attributable to Presidio Production was $46.4 million, including a $66.5 million non‑cash unrealized loss on commodity derivatives. tradingview.com
- 4The board declared a quarterly dividend of $0.375 per share, an 11 % increase from the previous quarter. tradingview.com
- 5Average daily production was 26.1 k BOE, a 15 % sequential rise. tradingview.com
- 6AI initiatives contributed a 3.2 % production uplift in Q3. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.