May. 14 at 8:19 PM
$PED
🚨🚨🚨
Production rose 374% to 728,141 Boe (8,091 Boe/d), and oil and gas revenue increased 360% to
$40.2 million versus Q1 2025.
Adjusted EBITDA grew 404% to
$21.5 million, while operating income reached
$6.7 million.
However, the company recorded a net loss of
$25.6 million, or $(3.28) per share, mainly from a
$31.3 million net loss on derivative contracts, largely non‑cash unrealized losses reflecting higher commodity prices relative to its hedge book.
Net cash provided by operating activities increased 78% to
$10.5 million.
As of March 31, 2026, PEDEVCO had
$11.3 million in cash and restricted cash,
$98.0 million outstanding under its revolving credit facility, total assets of
$370.1 million and shareholders’ equity of
$182.2 million.
Management reaffirmed 2026 guidance of 6,500–7,000 Boe/d and
$60–
$70 million of Adjusted EBITDA on
$16–
$20 million of net capital expenditures.
