secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001654954-25-005763
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425005763/0001654954-25-005763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425005763/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-005763

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