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PEDEVCO (PED) investor relations material
PEDEVCO Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Closed a transformative merger on October 31, 2025, adding significant oil-weighted assets in the DJ and Powder River Basins, positioning the company as a leading Rockies-focused operator with 320,000 net acres.
Net loss of $0.3 million for Q3 2025 and $1.9 million for the nine months ended September 30, 2025, compared to net income in the prior year periods.
Revenue declined 23% year-over-year in Q3 2025 and 22% for the nine months, primarily due to lower commodity prices and production volumes following asset sales and natural declines.
Completed a $35 million PIPE financing and entered into a new $120 million credit facility to support the merger and future growth.
Financial highlights
Q3 2025 revenue: $7.0 million, down from $9.1 million in Q3 2024; nine-month revenue: $22.7 million, down from $29.0 million.
Q3 2025 net loss: $0.3 million (EPS $(0.00)); nine-month net loss: $1.9 million (EPS $(0.02)).
Adjusted EBITDA for Q3 2025: $4.3 million; for the nine months: $11.6 million.
Cash and restricted cash at September 30, 2025: $13.7 million.
Working capital surplus of $1.5 million at September 30, 2025.
Outlook and guidance
2025 capital expenditures estimated at $42–$45 million, with 78–80% allocated to DJ Basin development.
Thirty-two wells scheduled for completion in Q4 2025 and early Q1 2026, expected to drive production growth.
Sufficient liquidity expected for the next 12 months, supported by cash flow, credit facility, and ATM equity program.
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