Pedevco Stock Earnings Reports

PEDEVCO reported strong operational and financial performance in Q1 2026 as the combined company following the Juniper merger. Production averaged 8,091 BOE/d, revenue was $40.2 million and adjusted EBITDA was $21.5 million (a 404% increase vs. Q1 2025). The reported GAAP net loss of $25.6 million was driven largely by a $31.3 million net loss on derivative contracts, of which $27.9 million was a noncash mark-to-market adjustment. Working capital (excluding derivative-related items) improved materially from a $34.1 million deficit at year-end to a $7.0 million deficit at March 31. Net debt was approximately $87 million, with ~$33 million total liquidity and ~$22 million undrawn on the revolver. Management reiterated full‑year guidance of 6,500–7,000 BOE/d and $60–70 million of adjusted EBITDA with $16–20 million of net capex. Operational priorities include completing one high‑WI DUC in the D-J (expected online mid‑summer/early Q3), advancing Powder River technical evaluation, and a $10–13 million 2026 optimization program (pump conversions, interventions) expected to drive LOE improvements that build into 2027. Management emphasized capital discipline—no deployment ahead of return thresholds—and a hedge program designed to reduce cash‑flow volatility while allowing some upside participation.