---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-003706"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:31:04.932109+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PEDEVCO reports FY2024 net income $17.8M ($0.20/shr) vs $1.7M; production up 29%

## Summary
- Production averaged 1,835 BOEPD (73% oil), up 29% from 2023; revenue $39.6M (+28%).
- Adjusted EBITDA rose 31% to $22.9M; net income of $17.8M includes $12.8M tax benefit from NOLs.
- Zero debt as of Dec 31, 2024; cash $6.6M; $20M available under $250M Citibank RBL.
- 2025 capex guidance $27-33M, with 70-75% allocated to D-J Basin development under new JDA.
- Completed 24 non-operated D-J Basin wells in 2024; Permian wells expected online Q2 2025.

## SEC filing metadata
- accession: 0001654954-25-003706
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495425003706/0001654954-25-003706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495425003706/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-003706
- JSON: https://secwatch.observer/filing/0001654954-25-003706.json
- Plain text: https://secwatch.observer/filing/0001654954-25-003706.txt

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