Welcome to our dedicated page for Pedevco news (Ticker: PED), a resource for investors and traders seeking the latest updates and insights on Pedevco stock.
PEDEVCO Corp (NYSE: PED) is an energy company focused on strategic oil and gas development in proven U.S. basins. This page provides investors with comprehensive access to official press releases, operational updates, and financial announcements.
Track the company's progress in enhancing legacy assets through modern drilling technologies across its Permian Basin (San Andres formation) and D-J Basin operations. Stay informed about acquisition strategies, partnership developments, and production optimization efforts that drive PEDEVCO's disciplined growth approach.
Key updates include earnings reports, asset acquisitions, technological implementations, and regulatory filings. All content is sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for centralized access to PEDEVCO's latest developments in energy project management and operational efficiency improvements across its core producing regions.
PEDEVCO Corp. (NYSE American: PED) is set to host one-on-one meetings at The Inaugural EF Hutton Global Conference, taking place on May 10-11, 2023, at the Plaza Hotel in New York. J. Douglas Schick, the Company's President, will facilitate these meetings on May 10 from 8:30 a.m. to 3:15 p.m. Eastern Time. Investors can register online until April 28, 2023, to schedule a meeting. The Company has an investor deck available on its website, although it may be removed at any time. PEDEVCO is focused on acquiring and developing high growth energy projects in the U.S., with key assets in the Permian Basin and the D-J Basin. Further information about PEDEVCO is available on their official website.
PEDEVCO Corp. (NYSE American: PED) reported a transformational 2022, achieving revenue of $30 million, a remarkable 89% increase from 2021. The company produced an average of 1,000 BOEPD, with an operating income of $2.6 million and net income of $2.8 million, or $0.03 per share. Adjusted EBITDA rose 157% to $16.1 million. Despite a 40% rise in operating expenses to $27.4 million, cash reserves grew to $32.98 million with zero debt. Looking ahead, PEDEVCO anticipates significant production growth from new wells in the D-J Basin and plans further drilling activities in 2023.
PEDEVCO Corp. (NYSE American: PED) announced its participation in the 35th Annual Roth Conference from March 12-14, 2023 in Laguna Niguel, California. President J. Douglas Schick will hold one-on-one investor meetings during the event. An updated investor deck will be available on the company's website from March 6, 2023, with the possibility of discontinuation at any time. PEDEVCO engages in strategic energy project acquisition and development, focusing on its key assets in the Permian Basin and D-J Basin. For more information, visit www.pedevco.com.
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