Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
PEDEVCO CORP reported the three months ended March 31, 2022 results: revenue $7.1 million, net income $1.34 million, EPS $0.02 per basic diluted share outstanding.
- Period
- the three months ended March 31, 2022
- Revenue
- $7.1 million
- Net income
- $1.34 million
- EPS
- $0.02 per basic diluted share outstanding
- Result
- reported results
Exact text from the filing
PEDEVCO Announces Q1 2022 Financial Results and Operations Update HOUSTON, TX, May 16, 2022 (ACCESSWIRE) -- PEDEVCO Corp. (NYSE American: PED)(“PEDEVCO” or the “Company”), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three months ended March 31, 2022 and provided an operations update. Key Highlights Include: · Produced an average of 1,074 barrels of oil equivalent per day (“BOEPD”) (80% oil) in the three months ended March 31, 2022 (“Q1 2022”), with Q1 2022 revenue of $7.1 million increasing 101% over revenue earned during the three months ended March 31, 2021 (“Q1 2021”). · Reported Q1 2022 operating income of $1.26 million, increasing 74% from Q1 2021. · Reported Q1 2022 operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $5.8 million, increasing $1.22 million and 26% f
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