PRESIDIO PRODUCTION Co
For the period ended Jun 30, 2026. Filed Aug 13, 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.
Jun 30, 2026 · Filed Aug 13, 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 Statements of Cash Flows (Unaudited)
(in thousands)
| Successor · Predecessor | |||
|---|---|---|---|
| March 4, 2026 to | January 1, 2026 to | Six Months Ended | |
| June 30, 2026 | March 3, 2026 | June 30, 2025 | |
| Cash flows from operating activities: | |||
| Net (loss) income | $(11,487) | $(71,339) | $6,920 |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | |||
| Depletion, oil and gas properties | 19,535 | 4,276 | 14,564 |
| Depreciation and amortization, other property and equipment | 1,122 | 673 | 1,549 |
| Accretion of asset retirement obligation | 1,518 | 643 | 2,035 |
| Settlement of asset retirement obligation liabilities | (385) | — | (448) |
| Deferred tax benefit | (3,083) | — | — |
| Amortization of debt issuance costs | 295 | 273 | 877 |
| Amortization of debt premiums | (1,116) | — | — |
| Loss on early extinguishment of debt | 4,475 | — | — |
| Loss (gain) on commodity derivatives | 8,342 | 27,905 | (4,056) |
| Net settlements of commodity derivatives | 619 | (10,621) | (17,335) |
| Cash paid for modification of derivative contracts, net of realized loss | (92,816) | — | — |
| Stock compensation expense | 2,653 | 46,982 | — |
| Change in fair value of earnout liability | 2,876 | — | — |
| Reduction of operating lease liabilities | 61 | — | (3) |
| Gain on sale of assets | (188) | (816) | (5,793) |
| Changes in operating assets and liabilities, net of effects from acquisition: | |||
| Accounts receivable | 8,933 | (5,573) | 1,657 |
| Hedge receivable | (6,586) | — | — |
| Hedge payable | (570) | 6,090 | (2,659) |
| Prepaid expenses and other current assets | (792) | 38 | (514) |
| Other noncurrent assets | (4,002) | 22 | (233) |
| Accounts payable | 7,575 | (6,657) | 1,871 |
| Related party payable | (1,383) | — | — |
| Other current liabilities | (33,512) | 13,306 | 252 |
| Net cash provided by (used in) operating activities | (97,916) | 5,202 | (1,316) |
| Cash flows from investing activities: | |||
| Capital expenditures for oil and natural gas properties | (749) | (553) | (1,323) |
| Purchases of other property and equipment | (444) | (431) | (521) |
| Proceeds from sale of assets | 7,214 | 816 | 5,793 |
| Acquisition, net of cash acquired | (145,527) | — | — |
| Net cash provided by (used in) investing activities | (139,506) | (168) | 3,949 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of Class A common stock in connection with PIPE financing, net of issuance costs | 82,251 | — | — |
| Proceeds from issuance of Series A redeemable preferred stock and warrants, net of issuance costs and discounts | 119,643 | — | — |
| Proceeds from issuance of Series B convertible redeemable preferred stock, net of issuance costs and discounts | 24,701 | — | — |
| Payments of dividends | (3,359) | — | — |
| Payments of dividend equivalents | (219) | — | — |
| Proceeds from long-term debt | 387,000 | 4,000 | 213 |
| Repayments of long-term debt | (322,453) | (5,191) | (24,228) |
| Payments of debt issuance costs | (11,205) | (9) | — |
| Payments on finance lease liabilities | (167) | (198) | (745) |
| Cash settlement of PIH share-based compensation liability | (265) | — | — |
| Member distributions | — | — | (60,000) |
| Net cash provided by (used in) financing activities | 275,927 | (1,398) | (84,760) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 38,505 | 3,636 | (82,127) |
| Cash, cash equivalents, and restricted cash at beginning of period | 15,090 | 15,341 | 102,287 |
| Cash, cash equivalents, and restricted cash at end of period | $53,595 | $18,977 | $20,160 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $7,105 | $3,721 | $12,382 |
| Stock issued for acquisitions | $67,850 | $— | $— |
| Satisfaction of liability-classified share-based payment awards | $46,982 | $— | $— |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $3,546 | $— | $— |
| Cash paid for amounts included in the measurement of lease liabilities: | |||
| Operating cash flows from operating leases | $83 | $42 | $122 |
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