---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-012930"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:05:37.379273+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# PEDEVCO restates Q2 2023 financials due to revenue overstatement from third-party operator errors

## Summary
- Audit Committee determined Q2 2023 10-Q should no longer be relied upon due to accounting errors.
- Errors in revenue accrual estimates for 14 third-party operated wells caused overstatement of net revenue.
- Misstatements also affect oil, NGL, gas production, sales costs, severance taxes, and depletion for Q2 and H1 2023.
- No misconduct involved; restatement will include disclosure of material weakness in internal controls.
- Company intends to file amended Q2 2023 10-Q as soon as practicable.

## SEC filing metadata
- accession: 0001654954-23-012930
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495423012930/0001654954-23-012930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495423012930/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-012930
- JSON: https://secwatch.observer/filing/0001654954-23-012930.json
- Plain text: https://secwatch.observer/filing/0001654954-23-012930.txt

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