PED
PEDEVCO Corp.0.5309
+0.0309+6.18%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
50.71MP/E (TTM)
4.83Basic EPS (TTM)
0.11Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
PEDEVCO's Q3 revenue fell 23% y/y to $7.0M on lower oil volumes and prices, swinging to an operating loss of $0.8M from $2.8M profit, while nine-month revenue dropped 22% y/y to $22.7M with a $2.9M operating loss versus $6.1M profit (derived). DD&A climbed 31% q/q to $4.0M on Permian lift conversions; cash hit $10.9M, operations generated $12.9M YTD FCF. Note receivable write-off fueled $1.4M net loss YTD. Cash stays ample. Post-quarter merger closed Oct 31 for 10.65M preferred shares (stock, converting 10:1), adding D-J/PRB assets. Juniper controls post-conversion. Oil prices stay volatile.
8-K
Restates 2024 financials
PEDEVCO's audit committee determined on October 27, 2025, that its 2024 financial statements require restatement due to a $5.5 million error overstating tax benefits from net operating losses. Earnings drop from $0.20 to $0.14 per share, yet cash, revenue, and liquidity remain untouched. Material weaknesses in controls flagged. Restated 10-K filing underway.
8-K
Annual meeting elects directors
PEDEVCO held its 2025 annual meeting on August 28, electing directors John J. Scelfo, Dr. Simon G. Kukes, H. Douglas Evans, J. Douglas Schick, and John K. Howie with overwhelming support—over 66 million 'for' votes each amid 1.3 million broker non-votes. Shareholders ratified Weaver and Tidwell as auditors for fiscal 2025. Board then granted restricted stock: 200,000 shares to Scelfo (vests July 2026), 200,000 to Kukes (January 2026), 140,000 to Evans (September 2026). Directors stay incentivized.
10-Q
Q2 FY2025 results
PEDEVCO's Q2 revenue fell 41% y/y to $7.0M on lower oil volumes and prices, swinging to a $2.2M operating loss from $2.6M profit, exacerbated by a $1.4M note receivable write-off and $0.5M impairment; YTD revenue dropped 21% y/y to $15.7M with $2.1M operating loss versus $3.2M gain. Cash swelled to $8.5M from operations minus capex, yielding $4.5M FCF (derived). Sold uneconomic D-J Basin wells for $1.0M gain in April 2025, shedding ops costs. Cash builds fast. Commodity prices stay volatile.
8-K
Q2 loss on lower output
PEDEVCO reported Q2 2025 net loss of $1.7 million on $7.0 million revenue, down from Q2 2024's $2.7 million gain, as production fell 25% to 1,517 BOEPD amid shut-ins and well sales. Production dipped sharply. Yet four new Permian wells started flowing in May, with 18 D-J Basin wells nearing completion for Q4 kickoff; cash hit $11.2 million, debt zero.
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