---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010780"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T10:09:43.405405+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-23-010780
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495423010780/0001654954-23-010780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495423010780/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010780
- JSON: https://secwatch.observer/filing/0001654954-23-010780.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010780.txt

## Key facts
- Earnings Releases
  PEDEVCO CORP reported financial results for six months ended June 30, 2023.
  - Period: six months ended June 30, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141197/000165495423010780/0001654954-23-010780-index.htm

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