{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-014035","form_type":"8-K","ticker":"PED","cik":"0001141197","company_name":"PEDEVCO CORP","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.339010+00:00","generated_at":"2026-06-08T06:06:24.323039+00:00","sec_items":["1.01","2.01","2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PEDEVCO sells non-core Permian assets for $1.12M, reduces P&A liabilities by $3.2M; Q3 net income $0.95M","bullets":["Sold non-core legacy vertical Milnesand and Sawyer Fields for ~$1.12M consideration, reducing estimated P&A liabilities by over $3.2M.","Q3 2023 net income of $0.95M ($0.01/sh) on revenue of $7.33M, compared to net income of $1.1M in Q3 2022.","Production averaged 1,376 BOEPD (81% liquids), up from 960 BOEPD in Q3 2022; adjusted EBITDA rose 14% to $4.4M.","Zero debt and $16.7M cash (incl. $3.55M restricted) as of Sep 30, 2023; drilling three horizontal San Andres wells in Chaveroo Field.","Elected to participate in seven non-operated D-J Basin wells (~18% WI) and six non-operated wells (~5% WI); up to ten operated Niobrara wells being permitted."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-014035","json":"https://secwatch.observer/filing/0001654954-23-014035.json","markdown":"https://secwatch.observer/filing/0001654954-23-014035.md","text":"https://secwatch.observer/filing/0001654954-23-014035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423014035/0001654954-23-014035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423014035/ped_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T06:06:24.323039+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":"9dc0776f402689aa66225d684b92b24658ef866d","claim":"PEDEVCO CORP reported three-months ended September 30, 2023 results: revenue $7.33 million, net income $0.95 million, or $0.01 per basic and diluted share outstanding, EPS $0.01 per basic and diluted share outstanding.","evidence_excerpt":"of oil equivalent per day (\"BOEPD\") (81.0% liquids) in the three months ended September 30, 2023 (“Q3 2023”), compared to 960 BOEPD produced in Q3 2022. · Q3 2023 revenue of $7.33 million, decreasing 2% from Q3 2022. · Operating income of $0.9 million, decreasing 16% from Q3 2022. · Operating expenses (inclusive of general and administrative expenses,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423014035/0001654954-23-014035-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three-months ended September 30, 2023"},{"label":"Revenue","value":"$7.33 million"},{"label":"Net income","value":"$0.95 million, or $0.01 per basic and diluted share outstanding"},{"label":"EPS","value":"$0.01 per basic and diluted share outstanding"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"886cfc9737dbe5f9a48cdb465d0f5d2311cab03b","claim":"PEDEVCO CORP completed a disposition involving Tilloo Exploration and Production, LLC for $1,122,436 (closed 2023-11-09).","evidence_excerpt":"Pursuant to the Purchase Agreement, we (through PEDCO and our wholly-owned subsidiary EOR Operating Company (“ EOR ”)) agreed to sell certain oil and gas assets described in greater detail below (collectively, the “ Assets ”), and pursuant to the Stock Purchase Agreement we agreed to sell 100% of the capital stock of EOR, which operates most of the Assets, to Tilloo for aggregate consideration of $1,122,436 (the “ Sales Price ”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423014035/0001654954-23-014035-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Tilloo Exploration and Production, LLC"},{"label":"Consideration","value":"$1,122,436"},{"label":"Closing","value":"2023-11-09"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}