---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-015288"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T19:28:09.775497+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PEDEVCO reports Q3 net income of $1.1M vs loss, revenue up 84% to $7.47M

## Summary
- Net income of $1.1M ($0.01 per diluted share) compared to net loss of $0.3M in Q3 2021.
- Revenue of $7.47M, up 84% YoY; average production 960 BOEPD (87% oil).
- Adjusted EBITDA of $3.87M, up 100% from $1.93M in Q3 2021.
- Cash of $30.9M (incl. $3.5M restricted) and zero debt; 14 non-operated D-J Basin wells expected to boost production in Q4 2022/2023.
- Operating income of $1.02M, up nearly 390% from Q3 2021.

## SEC filing metadata
- accession: 0001654954-22-015288
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495422015288/0001654954-22-015288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495422015288/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-015288
- JSON: https://secwatch.observer/filing/0001654954-22-015288.json
- Plain text: https://secwatch.observer/filing/0001654954-22-015288.txt

## Key facts
- Earnings Releases
  PEDEVCO CORP reported three months ended September 30, 2022 results: revenue $7.47 million, net income $1.1 million, EPS $0.01 per basic diluted share outstanding.
  - Period: three months ended September 30, 2022
  - Revenue: $7.47 million
  - Net income: $1.1 million
  - EPS: $0.01 per basic diluted share outstanding
  - Result: reported results
  source text: · Produced an average of 960 barrels of oil equivalent per day (“BOEPD”) (87% oil) in the three months ended September 30, 2022 (“Q3 2022”), with Q3 2022 revenue of $7.47 million increasing 84% over revenue earned during the three months ended September 30, 2021 (“Q3 2021”). · Reported Q3 2022 operating income of $1.02 million, increasing nearly 390% from Q3 2021. · Reported Q3 2022 operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $6.45 million, increasing $2.0 million and 46% from Q3 2021. · Reported Q3 2022 net income of $1.1 million or $0.01 per basic diluted share outstanding, compared to a net loss of $0.3 million, or a ($0.00) loss per basic diluted share outstanding, in Q3 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141197/000165495422015288/0001654954-22-015288-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.