PRESIDIO PRODUCTION Co

Presidio Production Company is an independent energy company focused on acquiring existing producing assets in the Western Anadarko Basin across Texas, Oklahoma, and Kansas, then applying engineering expertise to optimize performance and extend asset life. The company operates approximately 1,877 net proved developed producing wells with average net daily production of 21.1 MBoe/d for the year ended December 31, 2025. PIH, its predecessor, reported total revenues of $179.1 million and net income of $55.9 million for 2025, down from $192.2 million revenue and $100.9 million net income in 2024 due to lower production volumes and commodity prices. This S-1 registration statement enables resale by Selling Securityholders of up to 29,757,255 shares of Presidio Class A Common Stock and 133,332 Presidio Warrants previously issued in connection with the March 4, 2026 Business Combination with EQV Ventures Acquisition Corp., PIPE Financing raising $87.5 million, and Series A/B Preferred Financings totaling $148.8 million. Presidio registers 11,887,469 shares issuable upon exercise of Presidio Warrants, potentially yielding up to $136.7 million if exercised for cash. Organized in an Up-C structure post-combination, Presidio holds 27,652,068 shares of Class A Common Stock outstanding as of March 12, 2026, trading on NYSE under 'FTW'. The investment thesis centers on Presidio's strategy of generating consistent, hedged-protected cash flow from long-lived reserves while bearing expenses for the resale registration. Key risks include substantial share resale potentially causing volatility and declines in stock price.

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