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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.
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Q3 2025 earnings summary13 Nov, 2025

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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