v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Successor    
Current assets:    
Cash and cash equivalents $ 42,317  
Restricted cash 11,278  
Accounts receivable, oil and gas 18,105  
Accounts receivable, joint interest owners 10,623  
Derivative assets - current 54,555  
Hedge receivable 6,586  
Prepaid expenses and other current assets 2,414  
Total current assets 145,878  
Oil and natural gas properties, successful efforts 693,519 $ 529,100
Less accumulated depletion, depreciation, and amortization (19,535)  
Total oil and natural gas properties, net 673,984  
Other property and equipment, net 4,590  
Derivative assets - noncurrent 11,058  
Right-of-use assets 3,561  
Deferred tax assets - noncurrent 182  
Other noncurrent assets 8,491  
Total assets 847,744  
Current liabilities:    
Accounts payable 15,696  
Production taxes payable 3,570  
Revenue and royalties payable 26,071  
Derivative liabilities - current 10,946  
Hedge payable 10,092  
Current portion of long-term debt 35,836  
Lease liabilities, current 299  
Other current liabilities 21,090  
Total current liabilities 123,600  
Long-term debt, net 307,236  
Asset retirement obligations 79,921  
Lease liabilities 3,328  
Derivative liabilities - noncurrent 2,058  
Earnout liability 17,772  
Total liabilities 533,915  
Commitments and Contingencies (Note 14)  
Stockholders’ equity / members’ deficit    
Members’ deficit  
Additional paid-in capital 191,524  
Accumulated deficit (32,166)  
Total stockholders’ equity attributable to Presidio Production Company / members’ deficit 159,361  
Non-controlling interest 17,644  
Total stockholders’ equity / members’ deficit 177,005  
Total liabilities, redeemable preferred stock and stockholders’ equity / members’ deficit 847,744  
Successor | Related Party    
Current liabilities:    
Related party payable  
Predecessor    
Current assets:    
Cash and cash equivalents   4,119
Restricted cash   11,222
Accounts receivable, oil and gas   16,666
Accounts receivable, joint interest owners   11,815
Derivative assets - current  
Hedge receivable  
Prepaid expenses and other current assets   1,927
Total current assets   45,749
Oil and natural gas properties, successful efforts   529,096
Less accumulated depletion, depreciation, and amortization   (204,639)
Total oil and natural gas properties, net   324,457
Other property and equipment, net   5,457
Derivative assets - noncurrent  
Right-of-use assets   135
Deferred tax assets - noncurrent  
Other noncurrent assets   2,119
Total assets   377,917
Current liabilities:    
Accounts payable   13,174
Production taxes payable   3,188
Revenue and royalties payable   20,223
Derivative liabilities - current   7,465
Hedge payable   4,532
Current portion of long-term debt   45,363
Lease liabilities, current   144
Other current liabilities   23,032
Total current liabilities   118,504
Long-term debt, net   225,143
Asset retirement obligations   59,519
Lease liabilities  
Derivative liabilities - noncurrent   6,734
Earnout liability  
Total liabilities   409,900
Commitments and Contingencies (Note 14)  
Stockholders’ equity / members’ deficit    
Members’ deficit   (31,983)
Additional paid-in capital  
Accumulated deficit  
Total stockholders’ equity attributable to Presidio Production Company / members’ deficit   (31,983)
Non-controlling interest  
Total stockholders’ equity / members’ deficit   (31,983)
Total liabilities, redeemable preferred stock and stockholders’ equity / members’ deficit   377,917
Predecessor | Related Party    
Current liabilities:    
Related party payable   1,383
Series A Redeemable Preferred Stock | Successor    
Current liabilities:    
Preferred stock, value 112,123  
Series A Redeemable Preferred Stock | Predecessor    
Current liabilities:    
Preferred stock, value  
Series B Redeemable Preferred Stock | Successor    
Current liabilities:    
Preferred stock, value 24,701  
Series B Redeemable Preferred Stock | Predecessor    
Current liabilities:    
Preferred stock, value  
Class A Common Stock | Successor    
Stockholders’ equity / members’ deficit    
Common stock, value 3  
Class A Common Stock | Predecessor    
Stockholders’ equity / members’ deficit    
Common stock, value  
Class B Common Stock | Successor    
Stockholders’ equity / members’ deficit    
Common stock, value  
Class B Common Stock | Predecessor    
Stockholders’ equity / members’ deficit    
Common stock, value  

Source

10-Q XBRL Zip