PEDEVCO CORP (PED) Form 10-Q — May 14, 2026
PEDEVCO Corp reported a net loss of $25.6 million for the first quarter of 2026, primarily driven by a $31.3 million mark-to-market loss on commodity derivative contracts as oil prices rose above hedge ceilings. This non-cash charge overshadowed strong operational performance, with revenues surging 360% year-over-year to $40.2 million following the integration of assets acquired in the October 2025 Mergers. The company completed a 1-for-20 reverse stock split in March 2026, a move typically associated with maintaining exchange listing compliance for low-priced stocks.
Key figures
- Revenue
- 40222000
- Total Debt
- 98000000
- Revenue Yoy
- 360%
- Cash Position
- 7702000
- Operating cash flow
- 10535000
- Reverse split ratio
- 1:20
- Atm offering remaining
- 7600000
- Capex guidance 2026 low
- 16000000
- Capex guidance 2026 high
- 20000000
- Credit facility borrowing base
- 120000000
- Credit facility max commitment
- 250000000
Price after filing
Close on the filing date to close N calendar days later (from $14.86). Historical, not a forecast.
AI analysis
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