PEDEVCO Earnings Call Transcripts
Fiscal Year 2026
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Revenue surged over fivefold year-over-year to $46.1 million, with adjusted EBITDA at $18.7 million and net income of $17.5 million. Debt to EBITDA improved to 1x, and a more active development program is planned for late 2026 and early 2027.
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Following a transformative merger, production and EBITDA have quadrupled, with significant cost synergies and operational optimizations underway. The company is focused on consolidating Rockies assets, targeting 50,000 barrels/day long-term, and prioritizing reinvestment over buybacks.
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Q1 2026 saw strong operational and financial results post-merger, with revenue up 360% and Adjusted EBITDA up 404% year-over-year. Guidance for 2026 is reaffirmed, and optimization efforts are expected to drive further cost savings and margin improvements.
Fiscal Year 2025
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Transformative merger doubled reserves and scaled production, with Q4 Adjusted EBITDA up 203% year-over-year. 2026 guidance projects $60–$70 million Adjusted EBITDA, with major cost optimization underway and a strong balance sheet supporting disciplined growth.
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A transformative merger creates a leading Rockies-focused operator with significant scale, diversified oil-weighted assets, and a strong balance sheet. The deal is structured for long-term alignment, immediate cash flow growth, and positions the company for aggressive regional consolidation and organic development.