Recent 8-K filings for PED
Highest-materiality recent filing
PEDEVCO closes acquisition of North Peak & Century Oil & Gas, raises $35M PIPE, and enters $120M credit facility
- Issued 10.65M Series A preferred shares to acquire North Peak and Century Oil & Gas, convertible into 106.5M common shares.
- Raised $35.0M via PIPE issuance of 6.36M Series A preferred shares at $5.50/share, convertible into 63.6M common shares.
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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).
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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%).
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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.
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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.
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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.
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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).
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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.
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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.
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Issued 10.65M Series A preferred shares to acquire North Peak and Century Oil & Gas, convertible into 106.5M common shares.
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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.
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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.
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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.
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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.
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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.
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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%).
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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.
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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.
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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.
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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.
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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%.
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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.
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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%.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.95 · Median 0.65 · Most common event other_material