Pedevco (NYSEAMERICAN:PED) Issues Earnings Results

Posted by on Aug 15th, 2026

Pedevco (NYSEAMERICAN:PED – Get Free Report) released its quarterly earnings data on Thursday. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.95, FiscalAI reports. Pedevco had a negative net margin of 14.61% and a positive return on equity of 0.71%. The firm had revenue of $46.11 million during the quarter, compared to analysts’ expectations of $38.00 million.

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 Stock Performance

NYSEAMERICAN:PED traded up $0.45 during mid-day trading on Friday, hitting $12.50. 25,045 shares of the stock were exchanged, compared to its average volume of 24,500. The firm’s 50-day simple moving average is $12.07 and its 200 day simple moving average is $13.60. The stock has a market capitalization of $166.12 million, a price-to-earnings ratio of 416.81 and a beta of 0.23. Pedevco has a fifty-two week low of $8.64 and a fifty-two week high of $18.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.68.

Insiders Place Their Bets

In other news, VP Moore Clark sold 18,797 shares of the business’s stock in a transaction dated 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 approximately $798,458.76. The trade was a 25.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Martyn Willsher purchased 13,428 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $14.29 per share, for a total transaction of $191,886.12. Following the completion of the purchase, the director directly owned 25,727 shares of the company’s stock, valued at $367,638.83. This represents a 109.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 54.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Pedevco from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Read Our Latest Stock Analysis on Pedevco

About Pedevco

(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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Earnings History for Pedevco (NYSEAMERICAN:PED)

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