---
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"
generated_at: "2026-06-17T09:58:10.713578+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PEDEVCO reports 2022 net income of $2.8M, revenue up 89% to $30M, zero debt

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1141197/000165495423003761/0001654954-23-003761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495423003761/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-003761
- JSON: https://secwatch.observer/filing/0001654954-23-003761.json
- Plain text: https://secwatch.observer/filing/0001654954-23-003761.txt

## Key facts
- Earnings Releases
  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.
  - Period: the year ended December 31, 2022
  - Revenue: $30 million
  - Net income: $2.8 million or $0.03 per basic diluted share outstanding
  - EPS: $0.03 per basic diluted share outstanding
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1141197/000165495423003761/0001654954-23-003761-index.htm

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