PEDEVCO Q2 2023 net income $3.6M; production doubles to 2,006 BOEPD

PEDEVCO CORP

2023-Q2 EPS reported $0.06 revenue$16,712,000

Revenue $10.9M (+14% YoY); net income $3.6M ($0.04/sh) vs $3.2M in Q2 2022.
Average production 2,006 BOEPD (75.5% oil), up from 1,085 BOEPD in Q2 2022.
Adjusted EBITDA $7.4M, up 23% from $6.0M; cash $16.0M, zero debt.
Elected to participate in 7 additional non-operated Niobrara wells at ~$7.8M net cost.
Planning 4 operated horizontal Niobrara wells in D-J Basin, drilling expected late 2023/early 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PEDEVCO CORP reported financial results for six months ended June 30, 2023.

Period: six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 14, 2023, PEDEVCO Corp. (the “ Company ”) issued a press release announcing its financial results for the three and six-months ended June 30, 2023, and providing an operations update.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

PEDEVCO CORP filing history →

Source: SEC EDGAR

accession 0001654954-23-010780

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