PEDEVCO Q1 2025 net income $0.1M ($0.00/share); production up 15% to 1,707 BOEPD

PEDEVCO CORP

2025-Q1 EPS reported $0.00 vs consensus $0.30 ▼ miss (-100.0%)

Q1 2025 net income $0.1M vs $0.8M in Q1 2024; operating income $0.15M, down 76% YoY.
Production averaged 1,707 BOEPD (82% liquids), up 15% YoY; revenue $8.74M, up 8%.
Adjusted EBITDA decreased to $4.3M from $4.7M in Q1 2024; cash $13.2M, zero debt.
Drilled/completed four new horizontal San Andres wells in Chaveroo Field; first production in mid-Q2 exceeding expectations.
Divested 17 low-producing operated D-J Basin wells effective Jan 1, 2025, to cut costs and P&A liabilities.

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