PRESIDIO PRODUCTION Co
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
FTW$10.07-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except par values and share data)
| Successor | Predecessor | |
|---|---|---|
| March 31, | December 31, | |
| 2026 | 2025 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $20,690 | $4,119 |
| Restricted cash | 10,822 | 11,222 |
| Accounts receivable, oil and gas | 21,791 | 16,666 |
| Accounts receivable, joint interest owners | 11,094 | 11,815 |
| Derivative assets - current | 52,856 | — |
| Prepaid expenses and other current assets | 2,279 | 1,927 |
| Total current assets | 119,532 | 45,749 |
| Oil and natural gas properties, successful efforts | 698,766 | 529,096 |
| Less accumulated depletion, depreciation, and amortization | (4,406) | (204,639) |
| Total oil and natural gas properties, net | 694,360 | 324,457 |
| Other property and equipment, net | 5,020 | 5,457 |
| Derivative assets - noncurrent | 4,340 | — |
| Right-of-use assets | 102 | 135 |
| Deferred tax assets - noncurrent | 4,053 | — |
| Other noncurrent assets | 2,089 | 2,119 |
| Total assets | $829,496 | $377,917 |
| LIABILITIES, REDEEMABLE PREFERRED STOCK, AND STOCKHOLDERS’ EQUITY / MEMBERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $24,457 | $17,706 |
| Production taxes payable | 3,801 | 3,188 |
| Revenue and royalties payable | 24,364 | 20,223 |
| Derivative liabilities - current | 35,090 | 7,465 |
| Current portion of long-term debt | 45,791 | 45,363 |
| Lease liabilities, current | 106 | 144 |
| Related party payable | — | 1,383 |
| Other current liabilities | 18,545 | 23,032 |
| Total current liabilities | 152,154 | 118,504 |
| Long-term debt, net | 259,388 | 225,143 |
| Asset retirement obligations | 79,061 | 59,519 |
| Lease liabilities | — | — |
| Derivative liabilities - noncurrent | 22,459 | 6,734 |
| Earnout liability | 14,800 | — |
| Total liabilities | 527,862 | 409,900 |
| Commitments and Contingencies (Note 14) | ||
| Series A redeemable preferred stock, $0.0001 par value; 50,000,000 total shares authorized for all preferred stock series, 125,000 shares issued and outstanding as of March 31, 2026 | 110,869 | — |
| Series B convertible redeemable preferred stock, $0.0001 par value; 50,000,000 total shares authorized for all preferred stock series, 27,173 shares issued and outstanding as of March 31, 2026 | 24,701 | — |
| Stockholders’ equity / members’ deficit | ||
| Members’ deficit | — | (31,983) |
| Class A common stock, $0.0001 par value; 1,500,000,000 shares authorized, 27,652,068 shares issued and outstanding as of March 31, 2026 | 3 | — |
| Class B common stock, $0.0001 par value; 100,000,000 shares authorized, 1,676,830 shares issued and outstanding as of March 31, 2026 | — | — |
| Additional paid-in capital | 188,930 | — |
| Accumulated deficit | (39,629) | — |
| Total stockholders’ equity attributable to Presidio Production Company / members’ deficit | 149,304 | (31,983) |
| Non-controlling interest | 16,760 | — |
| Total stockholders’ equity / members’ deficit | 166,064 | (31,983) |
| Total liabilities, redeemable preferred stock and stockholders’ equity / members’ deficit | $829,496 | $377,917 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.