secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001654954-25-003706
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425003706/0001654954-25-003706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425003706/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-003706

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