Pedevco (NYSEAMERICAN:PED) Announces Quarterly Earnings Results, Misses Estimates By $3.90 EPS

Pedevco (NYSEAMERICAN:PED) issued its quarterly earnings results on Thursday. The company reported ($3.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($3.90), FiscalAI reports. The company had revenue of $40.22 million during the quarter, compared to the consensus estimate of $37.65 million. Pedevco had a negative net margin of 22.65% and a negative return on equity of 7.56%.

Here are the key takeaways from Pedevco’s conference call:

• PEDEVCO said Q1 2026 was its first full quarter after the Juniper merger and results beat internal expectations, with production averaging 8,091 BOE/day, revenue of $40.2 million, and Adjusted EBITDA of $21.5 million.
• The company’s reported net loss of $25.6 million was driven mainly by a $31.3 million derivative loss, including a non-cash mark-to-market charge tied to higher commodity prices above hedge strikes. Management emphasized that this did not reflect operating performance.
• Management highlighted a sharp improvement in the balance sheet, saying the working capital deficit excluding derivatives improved by $27.1 million to $7 million and net debt ended the quarter at about $87 million.
• Production is expected to moderate in the next couple of quarters as late-2025 wells decline, but management still reaffirmed full-year guidance of 6,500-7,000 BOE/day and $60 million-$70 million of Adjusted EBITDA on $16 million-$20 million of net capex.
• The company is pushing a broad optimization program across the portfolio, including pump conversions and well interventions, and said it is targeting up to $1 million per month in lease operating cost savings, with benefits becoming more visible in 2027.

Pedevco Stock Performance

Shares of PED traded up $0.93 during trading hours on Thursday, reaching $14.86. 37,016 shares of the company traded hands, compared to its average volume of 23,690. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.58 and a current ratio of 0.59. The stock’s fifty day moving average is $15.71 and its 200 day moving average is $12.93. Pedevco has a 1-year low of $8.64 and a 1-year high of $18.89. The stock has a market cap of $197.64 million, a P/E ratio of 6.75 and a beta of 0.27.

Pedevco Company Profile

Pedevco Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean’s most prolific hydrocarbon-producing regions.

The company’s portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license.