secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001654954-24-010661
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PEDEVCO Q2 2024 production rises to 2,010 BOEPD, net income up 69% YoY to $2.7M
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- Q2 2024 production averaged 2,010 BOEPD (87% liquids), up from 1,660 BOEPD in Q2 2023.
- Revenue $11.8M (+38% YoY); operating income $2.6M (+77%); net income $2.7M ($0.03/share) vs $1.6M ($0.02).
- Adjusted EBITDA $7.4M (+48% YoY); zero debt; cash and restricted cash $8.7M at period end.
- Thirteen non-op D-J Basin wells and three new Permian San Andres wells performed above expectations.
- G&A flat YoY; company planning further D-J Basin and Permian development with partner Evolution Petroleum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424010661/0001654954-24-010661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424010661/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010661

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