secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001654954-25-009657
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425009657/0001654954-25-009657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425009657/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-009657

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