{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-006585","form_type":"8-K","ticker":"PED","cik":"0001141197","company_name":"PEDEVCO CORP","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.051347+00:00","generated_at":"2026-06-15T00:39:25.743809+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"PEDEVCO Q1 2023: revenue $8.2M (+15%), net income $1.8M, zero debt, production 1,428 BOEPD","bullets":["Revenue of $8.2M, up 15% from Q1 2022; net income $1.8M ($0.02 EPS) vs $1.3M in prior year.","Adjusted EBITDA $4.9M, up 28% YoY; cash and equivalents $17.7M (incl. $3.55M restricted), zero debt.","Production averaged 1,428 BOEPD (80.4% oil); realized oil price $72.19/bbl.","Plans to drill 4 operated horizontal Niobrara wells (70% WI) in late 2023/early 2024 and participate in 7 non-operated wells (18% WI) in H2 2023.","Operating expenses $6.5M, up 12% YoY; LOE $2.5M, DD&A $2.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-006585","json":"https://secwatch.observer/filing/0001654954-23-006585.json","markdown":"https://secwatch.observer/filing/0001654954-23-006585.md","text":"https://secwatch.observer/filing/0001654954-23-006585.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423006585/0001654954-23-006585-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423006585/ped_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:39:25.743809+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":"cd17cd19f6329ea88a93e484cbc5aa110f6abe6f","claim":"PEDEVCO CORP reported the three months ended March 31, 2023 results: revenue $8.2 million, net income $1.8 million, EPS $0.02 per basic and diluted share outstanding.","evidence_excerpt":"Key Highlights Include: ● Produced an average of approximately 1,428 barrels of oil equivalent per day (\"BOEPD\") (80.4% oil) in the three months ended March 31, 2023 (“Q1 2023”), with Q1 2023 revenue of $8.2 million increasing 15% over revenue earned during the three months ended March 31, 2022 (“Q1 2022”). ● Reported operating income of $1.6 million and operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $6.5 million, increasing 30% and 12%, respectively, from Q1 2022. ● Reported net income of $1.8 million, or $0.02 per basic and diluted share outstanding, compared to net income of $1.3 million, or $0.02 per basic and diluted share outstanding, in Q1 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423006585/0001654954-23-006585-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$8.2 million"},{"label":"Net income","value":"$1.8 million"},{"label":"EPS","value":"$0.02 per basic and 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"}