secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001654954-24-014471
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424014471/0001654954-24-014471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424014471/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-014471

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer