PEDEVCO CORP
Business
PEDEVCO Corp is an oil and gas exploration, development, and production company. The company acquires and develops oil and natural gas assets in legacy proven properties using modern drilling and completion techniques, focusing on the Denver-Julesberg Basin and Powder River Basin in the Rocky Mountain region, plus the Permian Basin in West Texas and New Mexico. Operations span three geographic segments with approximately 315,000 net acres held through wholly-owned subsidiaries and operated by multiple operating entities.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Oil and gas sales | 46 | 40 | 31 | 30 | 16 | |
| Lease operating costs | 19 | 12 | — | — | — | |
| Selling, general and administrative expense | 17 | 6 | 6 | 6 | 6 | |
| Impairment of oil and gas properties | 908,000 | 0 | — | — | 0 | |
| Depreciation, depletion, amortization and accretion | 18 | 16 | 9 | 11 | 7 | |
| Total operating expenses | 55 | 35 | 25 | 27 | 20 | |
| Gain (Loss) on sale of oil and gas properties, net | 3 | −76,000 | −4 | 0 | — | |
| Note receivable - credit loss | −1 | 0 | — | — | — | |
| Operating income | −8 | 5 | 1 | 3 | −2 | |
| Interest expense | −1 | 0 | — | 0 | −1,000 | |
| Interest income | 274,000 | 351,000 | 422,000 | 117,000 | — | |
| Gain on sale of fixed asset | 0 | 12,000 | 0 | — | — | |
| Net gain on derivative contracts | 6 | 0 | — | — | — | |
| Other income (expense) | 428,000 | −42,000 | 462,000 | 214,000 | 180,000 | |
| Total other income | 6 | 321,000 | — | 214,000 | 568,000 | |
| Income before income taxes | −2 | 5 | 2 | — | — | |
| Income tax (expense) benefit | −8 | 7 | 0 | — | — | |
| Net (loss) income | −10 | 12 | 2 | 3 | −1 | |
| Basic (per share) | −2.25 | 2.76 | 0.02 | 0.03 | −0.02 | |
| Diluted (per share) | −2.25 | 2.76 | 0.02 | 0.03 | −0.02 | |
| Basic (shares) | 5 | 4 | 87 | 86 | 80 | |
| Diluted (shares) | 5 | 4 | 87 | 86 | 80 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 3 | 4 | 19 | 29 | 26 | |
| Accounts receivable - oil and gas | 26 | 8 | 6 | 2 | 2 | |
| Note receivable, current | 0 | 293,000 | 42,000 | 0 | — | |
| Inventory | 61,000 | 0 | — | — | — | |
| Derivative contract assets, current | 8 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 434,000 | 917,000 | 260,000 | 249,000 | 326,000 | |
| Total current assets | 38 | 13 | 25 | 32 | 28 | |
| Oil and gas properties, subject to amortization, net | 303 | 95 | 82 | 79 | 64 | |
| Oil and gas properties, not subject to amortization, net | 19 | 8 | 12 | 775,000 | — | |
| Total oil and gas properties, net | 322 | 104 | 94 | 80 | — | |
| Note receivable | 0 | 933,000 | 1 | 0 | — | |
| Operating lease - right-of-use asset | 213,000 | 224,000 | 316,000 | 71,000 | 173,000 | |
| Derivative contract assets | 10 | 0 | — | — | — | |
| Deferred income taxes | 0 | 7 | 0 | — | — | |
| Other assets | 6 | 3 | — | — | — | |
| Total assets | 376 | 128 | 123 | 116 | 98 | |
| Accounts payable | 32 | 3 | 7 | 2 | 3 | |
| Accrued expenses | 8 | 2 | 9 | 14 | 1 | |
| Revenue payable | 21 | 1 | 3 | 1 | — | |
| Operating lease liabilities - current | 182,000 | 99,000 | 89,000 | 81,000 | 114,000 | |
| Derivative contract liabilities - current | 964,000 | 0 | — | — | — | |
| Asset retirement obligations - current | 1 | 663,000 | 147,000 | 472,000 | 49,000 | |
| Deferred income taxes | 800,000 | 0 | — | — | — | |
| Total current liabilities | 64 | 7 | 19 | 17 | 5 | |
| Revolving credit facility | 87 | 0 | — | — | — | |
| Operating lease liabilities, net of current portion | 32,000 | 129,000 | 227,000 | 0 | 81,000 | |
| Derivative contract liabilities | 6 | 0 | — | — | — | |
| Asset retirement obligations, net of current portion | 8 | 6 | 2 | 3 | 1 | |
| Other long-term liabilities | 2 | 0 | — | — | — | |
| Total liabilities | 169 | 13 | 21 | 20 | 7 | |
| Series A preferred stock, $0.001 par value, 200,000,000 shares authorized; 17,013,637 and -0- shares issued and outstanding, respectively | 17 | 0 | — | — | — | |
| Common stock, $0.001 par value, 200,000,000 shares authorized; 4,797,239 and 4,474,765 shares issued and outstanding, respectively | 5,000 | 4,000 | 87,000 | 86,000 | 84,000 | |
| Additional paid-in capital | 312 | 227 | 225 | 223 | 221 | |
| Accumulated deficit | −122 | −111 | −124 | −127 | −130 | |
| Total shareholders' equity | 207 | 116 | 101 | 98 | 91 | |
| Total liabilities and shareholders' equity | 376 | 128 | 123 | 116 | 98 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net (loss) income | −10 | 12 | 2 | — | −1 | |
| Amortization of right-of-use asset | 170,000 | 110,000 | 100,000 | 102,000 | — | |
| Amortization of deferred financing costs | 267,000 | 0 | — | — | — | |
| Share-based compensation expense | 3 | 2 | 2 | 2 | 2 | |
| Cash received for derivative settlements, net | 2 | 0 | — | — | — | |
| Disposition of escrow cash account | 0 | 50,000 | — | — | — | |
| Deferred income taxes | 8 | −7 | 0 | — | — | |
| Accounts receivable - oil and gas | −5 | −2 | −3 | −648,000 | −1 | |
| Inventory | −61,000 | 0 | — | — | — | |
| Note receivable accrued interest | −41,000 | −85,000 | −19,000 | — | — | |
| Prepaid expenses and other assets | −899,000 | −657,000 | −11,000 | 77,000 | — | |
| Accounts payable | 2 | 541,000 | −11,000 | −159,000 | −356,000 | |
| Accrued expenses | −1 | −6 | 7 | 435,000 | 1 | |
| Other long term liabilities | −46,000 | 0 | — | — | — | |
| Revenue payable | 1 | −2 | 2 | 80,000 | — | |
| Net cash provided by operating activities | 11 | 13 | 23 | 16 | 6 | |
| Cash paid for merger acquisition | −116 | 0 | — | — | — | |
| Cash paid for drilling and completion costs | −20 | −28 | −35 | −12 | — | |
| Cash paid for other property and equipment | 0 | −169,000 | −45,000 | 0 | −35,000 | |
| Cash received for sale of oil and gas properties | 3 | 1 | 366,000 | 0 | — | |
| Cash received for sale of vehicle | 0 | 12,000 | 0 | — | — | |
| Net cash used in investing activities | −133 | −27 | −36 | −12 | −3 | |
| Proceeds from credit facility | 87 | 0 | — | — | — | |
| Proceeds from the issuance of convertible preferred stock | 35 | 0 | — | — | — | |
| Proceeds from issuance of shares, net of offering costs | 139,000 | 0 | 0 | 35,000 | 15 | |
| Net cash provided by investing activities | 122 | 0 | 0 | 35,000 | 15 | |
| Net increase (decrease) in cash and restricted cash | −286,000 | −14 | −12 | 4 | — | |
| Interest | 590,000 | 0 | 0 | 0 | 0 | |
| Income taxes | 0 | 0 | 0 | 0 | — | |
| Change in accrued oil and gas development costs | 11 | 6 | 8 | — | — | |
| Changes in estimates of asset retirement costs, net | 1 | 4 | — | — | — | |
| Issuance of restricted common stock | 1,000 | 0 | 1,000 | 2,000 | — | |
| Issuance of convertible preferred stock | 64 | 0 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is PEDEVCO CORP's CIK number?
PEDEVCO CORP's SEC CIK number is 0001141197 (1141197). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find PEDEVCO CORP's SEC filings?
All of PEDEVCO CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did PEDEVCO CORP last report earnings?
PEDEVCO CORP (PED) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001654954-26-004892). This is PEDEVCO CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is PEDEVCO CORP's most recent earnings 8-K?
PEDEVCO CORP's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001654954-26-004892. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View PEDEVCO CORP's latest earnings 8-K →
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