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Presidio (NYSE: FTW) declared its first dividend as a public company: a special cash dividend of $0.10125 per share, representing a pro rata portion of an anticipated quarterly rate of $0.3375 (annualized $1.35 per share).
The Q1 2026 special dividend covers March 5–March 31, 2026, is payable May 18, 2026 to holders of record on May 4, 2026, and the company established an anticipated quarterly dividend schedule through Q1 2027, subject to Board approval each quarter.
Presidio Production Company (NYSE: FTW) celebrated its debut on the New York Stock Exchange, with leadership ringing the bell on March 5, 2026. The company said it completed a business combination to list publicly and operates over 2,000 producing wells across Texas, Oklahoma, and Kansas.
Presidio emphasized a non-drilling, yield-focused strategy that targets minimal capital investment, substantial free cash flow, and cash distributions to shareholders; it also dispatched an additional workover rig to target near-term oil production amid rising oil prices.
Presidio Production Company (NYSE: FTW) completed a business combination with EQV Ventures Acquisition Corp. and began trading March 5, 2026, creating a public company with a $735 million enterprise value and anticipated 12.2% dividend yield. The deal included $350 million of equity proceeds and a $1 billion Goldman Sachs ABS warehouse facility.
Presidio closed an initial asset acquisition, reported ~50% operating cost reduction on day one, and expects a starting dividend of $1.35 per share, rising to $1.50 after the Arkoma acquisition.