PEDEVCO Q2 2025 net loss $1.7M, revenue down 41% to $7.0M as production falls 25%

PEDEVCO CORP

2025-Q2 EPS reported -$0.02 revenue$15,708,000

Net loss of $1.7M ($0.02 per share) vs net income of $2.7M in Q2 2024; adjusted EBITDA $3.0M, down 58% from $7.4M.
Revenue $7.0M, down 41% YoY; average realized price $50.51/boe vs $64.61/boe. Production 1,517 boepd, down 25%.
Cash $11.2M (incl $2.75M restricted), zero debt; $250M RBL facility with Citibank remains undrawn.
Credit loss write-off of note receivable from 2023 asset sale contributed to earnings decline; $0.5M impairment on expired leases.
Operations: four new Permian wells started production in May; participating in 18 non-operated D-J Basin wells with initial output expected late 2025.

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