Pedevco Stock Price, News & Analysis

PEDEVCO (NYSE American: PED) closed a merger with Juniper-controlled portfolio companies, issuing 10,650,000 Series A Convertible Preferred (convertible into 106.5M common shares) and refinancing the portfolio companies' debt.

Simultaneously, PEDEVCO completed a private placement of 6,363,637 Convertible Preferred, raising $35.0M gross. On a pro forma basis Juniper and affiliates will own ~53% of the combined company; total debt is expected to be ~$87M with ~$10M cash. The combined company reports >6,500 BOEPD (>80% oil) and ~328,000 net acres. PEDEVCO increased its borrowing base to $120M and drew ~$87M. Board and senior management changes completed; 32 wells are slated for completion in Q4 2025–Q1 2026.

PEDEVCO (NYSE:PED) closed a merger with Juniper Capital portfolio companies on November 3, 2025, creating a Rockies-focused public operator with over 6,500 BOEPD (>80% oil) and ~328,000 net acres. PEDEVCO issued 10,650,000 Series A convertible preferred shares (convertible into 106.5M common) to Juniper and completed a private placement of 6,363,637 convertible preferred shares, raising $35M.

After the deals PEDEVCO expects ~$87M total debt, ~$10M cash and ~266M common shares outstanding; Juniper would own ~53% upon conversion. Management and board changes and a $250M RBL borrowing base increase to $120M (drawn ~$87M) were announced.

PEDEVCO (NYSE American:PED) reported challenging Q2 2025 financial results, with a net loss of $1.7 million ($0.02 loss per share) compared to a net income of $2.7 million in Q2 2024. Revenue declined to $7.0 million, down $4.8 million year-over-year, while production decreased 25% to 1,517 BOEPD.

Despite setbacks, the company maintains a strong financial position with $11.2 million in cash and zero debt. PEDEVCO received first production from four new Permian Basin wells and is participating in 18 non-operated wells in the D-J Basin. The company's average realized sales price decreased 22% to $50.51 per Boe, contributing to the quarterly performance decline.

Production challenges included offline non-operated D-J Basin pad, shut-in Permian Basin wells, and natural declines from Q4 2024 flush production. Management expects significant improvement in coming quarters, supported by new well completions and an untouched $250 million RBL facility with Citibank.

PEDEVCO Corp. (NYSE American: PED) has appointed John K. Howie to its Board of Directors effective July 7, 2025. Howie will also serve as a member of the company's Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.

Howie brings over 40 years of experience in oil and gas engineering, management, and finance. His notable positions include serving as President of Tellurian Production Company, CEO of Impact Natural Resources, and co-founder of Parallel Resource Partners. He previously held positions as Head of E&P Capital at Goldman Sachs and Vice President at Encap Investments. As a Registered Professional Engineer in Texas, his expertise is expected to provide valuable guidance for PEDEVCO's management team.

PEDEVCO (NYSE American: PED) announced its participation in the 2025 Louisiana Energy Conference scheduled for May 28th at the Four Seasons Hotel New Orleans. The company's Chief Commercial Officer, Jody Crook, will participate in a panel discussion titled "Small Cap E&Ps See Value Creation in U.S. Basins Beyond the Permian." Both Crook and CEO J. Douglas Schick will be available for investor meetings during the conference.

PEDEVCO (NYSE American: PED) reported its Q1 2025 financial results, showing mixed performance. The company achieved average production of 1,707 BOEPD (82% liquids), a 15% increase from Q1 2024. Revenue grew to $8.74 million, up $0.6 million year-over-year. However, operating income decreased 76% to $0.15 million, with net income falling to $0.1 million ($0.00 per share) from $0.8 million ($0.01 per share) in Q1 2024.

The company maintains a strong financial position with $13.2 million in cash and zero debt. PEDEVCO completed four horizontal San Andres wells in the Permian Basin's Chaveroo Field, with production starting in mid-Q2 2025. The company also divested 17 low-producing D-J Basin wells to reduce operating expenses and liabilities while retaining acreage for future development.

PEDEVCO Corp. (NYSE:PED) reported strong financial results for 2024, with significant growth across key metrics. The company achieved a 29% increase in average daily production to 1,835 BOEPD (73% oil, 85% liquids) and a 28% revenue growth to $39.6 million.

Notable financial highlights include a 31% increase in Adjusted EBITDA to $22.9 million and net income of $17.8 million ($0.20 per share), up from $1.7 million ($0.02 per share) in 2023. The company maintains a strong balance sheet with $6.6 million in cash and zero debt, plus $20 million available under a $250 million Citibank RBL.

Operational achievements include participation in 24 non-operated wells in the D-J Basin and completion of three new horizontal San Andres wells in the Permian Basin. The company's 2025 capital expenditure is estimated between $27-33 million, with 70-75% allocated to D-J Basin development.

PEDEVCO Corp (NYSE American: PED) has announced the successful completion of drilling operations for four gross (two net) new horizontal San Andres wells in its core Chaveroo Field located in the Permian Basin. The company reported that all wells were completed both on schedule and under the allocated budget.

Looking ahead, PEDEVCO plans to complete these wells in early Q2 2025, with initial production expected to commence by mid-Q2 2025.

PEDEVCO (NYSE American: PED) has announced its participation in the upcoming 37th Annual ROTH Conference, scheduled for March 16-18, 2025, at the Laguna Cliffs Marriott Resort & Spa in Dana Point, California.

The company's President and CEO, J. Douglas Schick, will be available for one-on-one meetings with investors during the conference. Interested investors can submit their registration requests through ROTH's platform and schedule meetings through their ROTH representatives.