PED News & Events

Sees Q4 adjusted EBITDA up 196% to $14.5M-$15.5M from $5.1M in 4Q24. Q4 average daily production grew ~140% to 5-5.5 Mboe/d. CEO J. Douglas Schick stated, "2025 was a transformational year for PEDEVCO as we executed our development program and closed the Juniper merger in Q4, significantly expanding our Rockies footprint, production base and earnings power. Our Q4 results began to reflect the new scale of the business, with revenue more than doubling to approximately $23M and Adjusted EBITDA nearly tripling to approximately $15M. Importantly, these results reflect only a partial quarter of contribution from the acquired assets following the October 31 closing, demonstrating the significant earnings capacity of the combined platform going forward. Alongside the merger, our 2025 development program materially expanded our production base, adding approximately 1,800 barrels per day of incremental production - a 123% increase compared to our standalone production prior to the Juniper transaction. With many of these wells coming online late in Q4 and into early 2026, Pedevco is entering the year with meaningfully higher production levels and a deep inventory of development opportunities...With higher production levels and the realization of meaningful post-merger operational synergies, we expect the company's earnings power to increase substantially in 2026."

PEDEVCO announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-20. The Reverse Stock Split is expected to become effective on March 13, 2026 at 12:01 a.m. EDT, with shares expected to begin trading on the NYSE American on a split-adjusted basis at market open on March 13, 2026. The primary goal of the Reverse Stock Split is to reduce the number of outstanding shares and proportionately increase the per-share trading price, resulting in a more streamlined capital structure following the Company's recently completed transformative merger with certain portfolio companies controlled by Juniper Capital Advisors, L.P. The Board believes this action will enhance the Company's capital markets profile, improve the clarity and consistency of per-share metrics, and better position the Company with a broader range of institutional investors. As a result of the Reverse Stock Split, every 20 shares of the Company's common stock issued and outstanding as of the Effective Time will be converted into one share of the Company's common stock. No change will be made to the trading symbol for the Company's shares of common stock, "PED", in connection with the Reverse Stock Split, however, the Company's CUSIP number will change to 70532Y402 following the Reverse Stock Split.