PEDEVCO Q3 net income $2.9M; revenue up 23% to $9.1M; production 1,698 BOEPD

PEDEVCO CORP

2024-Q3 EPS reported $0.07 revenue$28,977,000

Net income $2.9M ($0.03 EPS) vs $0.9M ($0.01 EPS) in Q3 2023.
Revenue $9.1M, production 156,096 Boe (85% liquids); average realized price $57.97/boe.
Zero debt; cash $7.2M including restricted cash; adjusted EBITDA $5.7M up 30% YoY.
Entered 5-year Participation Agreement to jointly develop ~10,750 net acres in D-J Basin (30% WI).
Planning four Permian Basin wells with Evolution Petroleum in early 2025.

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