---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-003246"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T14:32:52.628120+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PEDEVCO reports 2023 production up 43% YoY to 1,427 BOEPD; net income $0.3M vs $2.8M

## Summary
- Revenue $31M (+2% YoY); adjusted EBITDA $17.5M (+8%); zero debt; cash $20.7M.
- Net income $0.3M ($0.00/diluted share) vs $2.8M ($0.03) in 2022, impacted by $4.3M loss on sale of non-core assets.
- 2024 capex guided $20-30M, including $17-27M for drilling in Permian and D-J Basin.
- Sale of EOR Operating subsidiary reduced plugging liabilities by over $3.2M and lowers monthly LOE.
- Average realized price $59.10/boe, down 28% YoY; oil production 382,794 barrels (74% of total).

## SEC filing metadata
- accession: 0001654954-24-003246
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495424003246/0001654954-24-003246-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495424003246/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-003246
- JSON: https://secwatch.observer/filing/0001654954-24-003246.json
- Plain text: https://secwatch.observer/filing/0001654954-24-003246.txt

## Key facts
- Earnings Releases
  PEDEVCO CORP reported the year ended December 31, 2023 results: revenue $31 million, net income $0.3 million, EPS $0.00 per basic diluted share outstanding.
  - Period: the year ended December 31, 2023
  - Revenue: $31 million
  - Net income: $0.3 million
  - EPS: $0.00 per basic diluted share outstanding
  - Result: reported results
  source text: EBITDA, a non-GAAP financial measure (discussed in greater detail below), increased 8% to $17.5 million in 2023, compared to $16.1 million in 2022. · Reported revenue of $31 million, increasing 2% over 2022 revenue. · Reported operating loss of $0.2 million and operating expenses (inclusive of general and administrative expenses, depreciation, depletion and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141197/000165495424003246/0001654954-24-003246-index.htm

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