Paul Pinkston
in connection with Mr. Pinkston’s June 23, 2026 termination of employment with the Company.
Highest-materiality recent filing
Paul Pinkston's employment terminated June 23, 2026; separation agreement signed July 15, 2026.
PEDEVCO Q1 revenue $40.2M (+360% YoY); net loss $25.6M; Adj EBITDA $21.5M (+404%)
Average daily production 8,091 Boe/d (+374% YoY, +52% QoQ); revenue $40.2M (+360% YoY).
PEDEVCO Q4 production jumps 143% to 5,310 Boe/d on Juniper merger; net loss $8.5M
Q4 average daily production 5,310 Boe/d (+143% YoY); revenue $23.1M (+118%).
PEDEVCO reports preliminary Q4 2025 revenue $22.5-23.5M, nearly doubling YoY after Juniper merger
Q4 2025 average daily production 5.0-5.5 Mboe/d (+~141% YoY); full-year 2025 production 2.4-2.5 Mboe/d.
PEDEVCO announces 1-for-20 reverse stock split effective March 13, 2026
Reverse split at 1-for-20 ratio; shares to reduce from ~266M to ~13.3M.
PEDEVCO control shifts to Edward Geiser after preferred conversion; board expanded to six
On Feb 27, 2026, 106.5M shares issued to Century/North Peak and 63.6M to PIPE investors upon automatic conversion of Series A Preferred.
PEDEVCO reports year-end 2025 proved reserves of 32.1 MMBoe with PV-10 of $357.7 million
Total proved reserves: 22.99 MMBbl oil, 28.78 Bcf gas, 4.34 MMBbl NGLs (32.12 MMBoe).
PEDEVCO completes North Peak merger; pro forma net income $13M for 9 months
Total consideration ~$179.9M: 10.65M Series A Convertible Preferred ($64.2M) plus $115.7M cash to settle North Peak debt.
PEDEVCO Q3 2025 net loss $325K; revenue down 23% YoY to $7.0M
Production averaged 1,471 BOEPD (84% liquids), down 13% from Q3 2024.
Issued 10.65M Series A preferred shares to acquire North Peak and Century Oil & Gas, convertible into 106.5M common shares.
PEDEVCO restates FY2024 financials; net income overstated by $5.5M due to tax error
Tax benefit and deferred income tax account overstated by ~$5.5M for FY2024.
PEDEVCO Q2 2025 net loss $1.7M, revenue down 41% to $7.0M as production falls 25%
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.
PEDEVCO dismisses Marcum LLP, engages Weaver and Tidwell, appoints John K. Howie to board
On July 1, 2025, PEDEVCO dismissed Marcum LLP as independent auditor; prior reports had no adverse opinions.
PEDEVCO Q1 2025 net income $0.1M ($0.00/share); production up 15% to 1,707 BOEPD
Q1 2025 net income $0.1M vs $0.8M in Q1 2024; operating income $0.15M, down 76% YoY.
PEDEVCO restates FY2022 & FY2023 financials; depletion error overstated expense by ~$2.65M
Audit Committee concluded prior audited FY2022 and FY2023 financials should no longer be relied upon due to depletion-expense accounting errors.
PEDEVCO reports FY2024 net income $17.8M ($0.20/shr) vs $1.7M; production up 29%
Production averaged 1,835 BOEPD (73% oil), up 29% from 2023; revenue $39.6M (+28%).
PEDEVCO drills 4 new horizontal wells in Permian Basin Chaveroo Field; first production mid-Q2 2025
Four gross (two net) horizontal San Andres wells drilled on time and under budget at core Chaveroo Field in Permian Basin.
PEDEVCO Enters Joint Development Agreement for D-J Basin DSUs with Large PE-Backed Operator
Operator pays ~$1.7M to PEDEVCO; PED submits spacing amendments to ECMC to increase DSUs from ~1,280 to ~1,600 acres.
PEDEVCO appoints Schick as CEO, Kukes becomes Exec Chairman; Crook named CCO
Dr. Simon G. Kukes steps down as CEO effective Jan 1, 2025, becomes Executive Chairman.
PEDEVCO Q3 net income $2.9M; revenue up 23% to $9.1M; production 1,698 BOEPD
Net income $2.9M ($0.03 EPS) vs $0.9M ($0.01 EPS) in Q3 2023.
PEDEVCO enters 5-year participation agreement to develop 10,750 acres in D-J Basin
PEDEVCO will hold 30% interest in ~16,900 gross acre AMI; Operator holds 70%.
PEDEVCO Q2 2024 production rises to 2,010 BOEPD, net income up 69% YoY to $2.7M
Q2 2024 production averaged 2,010 BOEPD (87% liquids), up from 1,660 BOEPD in Q2 2023.
PEDEVCO Q1 net income falls to $0.8M; production rises to 1,478 BOEPD
Net income $0.8M ($0.01/sh) vs $1.8M ($0.02/sh) in Q1 2023; revenue $8.12M, down 1%.
PEDEVCO reports three new San Andres wells in Permian with peak 300-375 BOEPD each
Three horizontal San Andres wells drilled Q4 2023, completed Jan 2024; first production late Jan/early Feb 2024.
PEDEVCO reports 2023 production up 43% YoY to 1,427 BOEPD; net income $0.3M vs $2.8M
Revenue $31M (+2% YoY); adjusted EBITDA $17.5M (+8%); zero debt; cash $20.7M.
PEDEVCO gets Colorado ECMC approval for 11-well D-J Basin development; drilling Q2 2024
ECMC approved Roth 2-11 OGDP covering 2,560 acres for up to 11 horizontal Niobrara wells in Weld County, CO on Jan 31, 2024.
Sold non-core legacy vertical Milnesand and Sawyer Fields for ~$1.12M consideration, reducing estimated P&A liabilities by over $3.2M.
PEDEVCO restates Q2 2023 financials due to revenue overstatement from third-party operator errors
Audit Committee determined Q2 2023 10-Q should no longer be relied upon due to accounting errors.
PEDEVCO farms out 50% WI in Chaveroo field to Evolution for $401,733 initial payment
Initial payment of $401,733 for 50% working interest in first two Development Blocks covering 9 drilling locations on ~16,000 acres.
PEDEVCO Q2 2023 net income $3.6M; production doubles to 2,006 BOEPD
Revenue $10.9M (+14% YoY); net income $3.6M ($0.04/sh) vs $3.2M in Q2 2022.
in connection with Mr. Pinkston’s June 23, 2026 termination of employment with the Company.
mutually agreed with Mr. Paul Pinkston that he step down from the position of Chief Accounting Officer of, and to terminate his employment with, the Company.
Max materiality 0.95 · Median 0.60 · Most common event other_material