Pedevco (NYSEAMERICAN:PED) Posts Earnings Results, Beats Estimates By $0.95 EPS

by · The Markets Daily

Pedevco (NYSEAMERICAN:PED – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.95, FiscalAI reports. The company had revenue of $46.11 million for the quarter, compared to analysts’ expectations of $38.00 million. Pedevco had a negative net margin of 46.78% and a negative return on equity of 3.20%.

Here are the key takeaways from Pedevco’s conference call:

  • Revenue and adjusted EBITDA increased substantially: Second-quarter revenue reached $46.1 million, up 561% year over year, while adjusted EBITDA rose to $18.7 million from $3 million, driven primarily by the larger post-Juniper asset base and higher realized oil prices.
  • Debt repayment strengthened the balance sheet: PEDEVCO repaid $13 million on its revolving credit facility, reducing borrowings to $85 million and net funded debt to approximately $73 million, with $40 million of facility availability remaining.
  • Management plans to accelerate development: Following additional asset analysis and the resolution of Wyoming BLM litigation, the company expects to drill and participate in more than 20 gross wells across its basins over the coming months, funded within cash flow.
  • Production declined sequentially: Second-quarter output fell 16% from the first quarter to 6,800 BOE per day as late-2025 D-J Basin wells followed their natural decline curves; July production was also temporarily pressured by well shut-ins and optimization work.
  • Full-year guidance was maintained: PEDEVCO reiterated 2026 adjusted EBITDA guidance of $60 million to $70 million, while noting that the expanded development program is not expected to materially contribute until late 2026 and early 2027.

Pedevco Price Performance

NYSEAMERICAN:PED traded up $0.67 during mid-day trading on Friday, reaching $12.72. The stock had a trading volume of 19,794 shares, compared to its average volume of 34,684. Pedevco has a 12 month low of $8.64 and a 12 month high of $18.89. The stock has a market capitalization of $169.05 million, a PE ratio of 424.14 and a beta of 0.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.68 and a quick ratio of 0.67. The stock has a 50-day simple moving average of $12.09 and a two-hundred day simple moving average of $13.61.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Pedevco from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

View Our Latest Research Report on PED

Insider Transactions at Pedevco

In other Pedevco news, Director Martyn Willsher bought 13,428 shares of Pedevco stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $14.29 per share, with a total value of $191,886.12. Following the acquisition, the director directly owned 25,727 shares of the company’s stock, valued at $367,638.83. The trade was a 109.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Moore Clark sold 18,797 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $14.67, for a total value of $275,751.99. Following the completion of the sale, the vice president owned 54,428 shares of the company’s stock, valued at $798,458.76. The trade was a 25.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 54.90% of the company’s stock.

Pedevco Company Profile

(Get Free Report)

Pedevco Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean’s most prolific hydrocarbon-producing regions.

The company’s portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license.

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