PEDEVCO Reports First Quarter 2026 Results
PEDEVCO reported Q1 2026 revenue of $40.2 million, up 360% year-over-year, driven by the first full quarter of consolidated production following the Juniper Merger. Adjusted EBITDA surged 404% to $21.5 million, exceeding internal expectations, while average daily production reached 8,091 Boe/d, up 374% YoY. The company reported a GAAP net loss of $25.6 million, primarily due to a $31.3 million non-cash mark-to-market loss on derivative contracts, but generated $10.5 million in operating cash flow.
Key figures
- Revenue
- 40222000
- Guidance
- FY26 production 6,500-7,000 Boe/d; FY26 Adjusted EBITDA $60M-$70M; FY26 net capex $16M-$20M
- Revenue Yoy
- 360%
- Loe per boe
- 22.46
- Total assets
- 370083000
- Production yoy
- 374%
- Adjusted ebitda
- 21513000
- Net cash from ops
- 10535000
- Total liabilities
- 187898000
- Adjusted ebitda yoy
- 404%
- Shareholders equity
- 182185000
- Avg daily production boe
- 8091
- Credit facility outstanding
- 98000000
- Credit facility availability
- 22000000
- Credit facility borrowing base
- 120000000
AI analysis
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