{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-003761","form_type":"8-K","ticker":"PED","cik":"0001141197","company_name":"PEDEVCO CORP","filed_at":"2023-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.975511+00:00","generated_at":"2026-06-17T09:58:10.713578+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PEDEVCO reports 2022 net income of $2.8M, revenue up 89% to $30M, zero debt","bullets":["Revenue $30M (+89% YoY); net income $2.8M ($0.03/share) vs net loss $1.3M in 2021.","Adjusted EBITDA $16.1M (+157% YoY); cash $32.98M (incl. $3.55M restricted) and zero debt.","2022 average production ~1,000 BOEPD (83.5% oil); average realized price $82.34/BOE (+38%).","Expects production growth in H1 2023 from 14 non-operated D-J Basin wells; 5 operated wells planned late 2023/early 2024.","2023 net capex estimated $25M-$35M; plans to participate in 6 additional non-operated wells in H2 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-003761","json":"https://secwatch.observer/filing/0001654954-23-003761.json","markdown":"https://secwatch.observer/filing/0001654954-23-003761.md","text":"https://secwatch.observer/filing/0001654954-23-003761.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423003761/0001654954-23-003761-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423003761/ped_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T09:58:10.713578+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"85157c8b73d1e8905b3389dc6ed5cb48e86509fc","claim":"PEDEVCO CORP reported the year ended December 31, 2022 results: revenue $30 million, net income $2.8 million or $0.03 per basic diluted share outstanding, EPS $0.03 per basic diluted share outstanding.","evidence_excerpt":"an operations update. Key Highlights Include: · Produced an average of approximately 1,000 barrels of oil equivalent per day (\"BOEPD\") (83.5% oil) in 2022, with 2022 revenue of $30 million increasing 89% over 2021 revenue. · Reported operating income of $2.6 million and operating expenses (inclusive of general and administrative expenses, depreciation, depletion","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423003761/0001654954-23-003761-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$30 million"},{"label":"Net income","value":"$2.8 million or $0.03 per basic diluted share outstanding"},{"label":"EPS","value":"$0.03 per basic diluted share outstanding"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}