FTW News & Events

Presidio Production Company announced the execution of definitive purchase and sale agreements to acquire the Canyon Creek assets for approximately $83M from companies controlled by Vortus Investments and additional sellers. The Company previously announced a letter of intent for the Transaction on February 24, 2026. The Transaction is expected to be funded with $60M of cash and 2,173,913 shares of Presidio equity to be issued to the Sellers, subject to customary closing and post-closing adjustments. The cash will be funded using Presidio's previously announced, first of its kind, $1B Goldman Sachs ABS Warehouse Facility, and cash on hand. Presidio expects the Canyon Creek assets to generate levered equity returns exceeding 20%, while expanding the Company's operating footprint into an adjacent basin and establishing a platform for future consolidation consistent with its proven land-and-expand strategy. The Transaction is expected to close early in the third quarter of 2026, subject to customary closing conditions, and would represent Presidio's first completed acquisition as a public company. Consistent with prior disclosures, the Company believes the Transaction will support an increase to its anticipated annual dividend from $1.35 to $1.50 per share. Acquisition Highlights: Strategic entry into the Arkoma Basin; First use of $1B Goldman Sachs ABS Warehouse Facility; Current net PDP production of approximately 21.4 MMcfe/d, from 55 producing wells, as of April 2026; 70% natural gas, 30% NGLs; 11% annual decline; Estimated Proved Developed Producing PV-10 of approximately $100M; Estimated Net Proved Developed Producing Reserves of approximately 100 Bcfe; Expected year-one free cash flow yield in excess of 20%; Expected levered returns in excess of 20%

Presidio has declared a special cash dividend of 10.125c per share of Class A Common Stock. The Q1 special dividend reflects a pro rata amount for the period from March 5, the first day following the date of the closing of the company's business combination, through March 31, based on an anticipated quarterly dividend rate of 33.75c, or $1.35 per share per year. The Q1 special dividend will be payable on May 18 to stockholders of record as of May 4. The company intends to declare and pay regular quarterly dividends coinciding with its quarterly earnings cycle: Q2 on Aug 11, Q3 on Nov 12, Q4 on Feb 12, 2027 and 1Q28 on May 12, 2027. Future dividends, including the amount and timing thereof, will be declared at the discretion of the Board of Directors and will depend on the company's financial condition, results of operations, capital requirements, and other factors the Board deems relevant.

Presidio Investment Holdings announced the directors to serve on the board of the combined company formed by its previously announced business combination with EQV Ventures Acquisition Corp. Upon the closing of the business combination, Presidio PubCo Inc., which will be the ongoing public company, will be renamed to "Presidio Production Company". Following the consummation of the proposed business combination, Presidio's common stock is expected to trade on the NYSE and assume the ticker symbol "FTW", reflecting Presidio's roots in Fort Worth, Texas. Presidio's post-business combination Board of Directors will be comprised of nine members, at least five of whom are expected to qualify as "independent directors" as determined by the post-business combination board, including the following: Daniel Herz, Compensation Committee Chair and Audit Committee member; Jerry Schretter, Audit Committee Chair; Jeffrey Serota, Nominating and Corporate Governance Committee Chair and Compensation Committee member; James Vallee, Compensation Committee member and Nominating and Corporate Governance Committee member; Ray Walker, Jr., Audit Committee member and Nominating and Corporate Governance Committee member.