PEDEVCO Sees Q4 Adjusted EBITDA Up 196% to $14.5M-$15.5M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
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."
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Analyst Views on PED
Wall Street analysts forecast PED stock price to fall
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 13.360
Low
0.85
Averages
0.85
High
0.85
Current: 13.360
Low
0.85
Averages
0.85
High
0.85
About PED
PEDEVCO Corp. is an energy company engaged in the acquisition and development of energy projects in the United States. The Company is a Rockies-focused operator with over 328,000 net acres. The Company's principal assets are its D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado and Southeastern Wyoming, and its San Andres Asset located in the Northwest Shelf of the Permian Basin in eastern New Mexico. The Company owns substantial oil-weighted producing assets and significant leasehold interests with future drilling inventory located in the Northern DJ and Powder River Basins. It has approximately 14,105 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico. It has approximately 17,830 net D-J Basin acres located in Weld and Morgan Counties, Colorado, and Laramie County, Wyoming, through its wholly owned subsidiary, PRH Holdings LLC, and which are operated by its wholly owned operating subsidiary, Red Hawk Petroleum, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Charity Golf Tournament: On the opening day, a charity golf tournament will be held, requiring a $150 donation to participate, with proceeds supporting inclusive higher education initiatives in Colorado, highlighting the conference's commitment to social responsibility.
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- Post-Merger Production Boost: PEDEVCO's merger with Juniper on October 31, 2025, increased average daily production from approximately 1,500 BOE to over 5,300 BOE, significantly enhancing the company's market position in the Rockies.
- Substantial Reserve Increase: Proved reserves nearly doubled to 32.1 million BOE, translating to approximately $27 per share on a post-split basis, showcasing the company's strong potential in resource development.
- Cost Optimization Program: COO Reagan Dukes indicated that by identifying $10 million to $13 million in capital projects, the company expects to reduce lease operating expenses by up to $1 million per month, translating to annual savings of $10 million to $12 million.
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See More
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- Production and Reserves Expansion: The company reported production of 483,159 BOE in Q4 2025, averaging over 5,300 BOE per day, while proved reserves increased to 32.1 million BOE, bolstering future production potential and market competitiveness.
- Cost Optimization Initiatives: PEDEVCO has identified optimization projects expected to reduce lease operating expenses by up to $1 million per month, which is anticipated to significantly improve the company's financial health and operational efficiency.
- Capital Expenditure Outlook: Projected capital expenditures for 2026 are estimated between $16 million and $20 million, alongside an adjusted EBITDA outlook of $60 million to $70 million, indicating a proactive stance on investment and growth strategies moving forward.
See More
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- Conference Dates and Venue: The EnerCom Denver Energy Investment Conference will take place from August 17-19, 2026, at the Westin Denver Downtown, expected to attract over 1,000 industry professionals and investors, providing extensive networking opportunities.
- Charity Golf Tournament: Kicking off the event, a charity golf tournament will be held on August 17, requiring a $150 donation to participate, with proceeds supporting inclusive higher education for students with intellectual disabilities, highlighting the conference's commitment to social responsibility.
- Investor Engagement Opportunities: The conference offers investors direct access to executives from over 70 energy companies through one-on-one meetings and Q&A sessions, enabling them to gain insights into operational and financial strategies that inform investment decisions.
- Sponsors and Participating Companies: EnerCom Denver has attracted notable sponsors and participating companies, including Netherland, Sewell & Associates, showcasing its significant role in the global energy sector and enhancing connections with investors.
See More
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- Conference Dates and Venue: The EnerCom Denver Energy Investment Conference will take place from August 17-19, 2026, at the Westin Denver Downtown, expecting over 1,000 industry professionals and investors, providing extensive networking opportunities.
- Charity Golf Tournament: On the opening day, a charity golf tournament will be held, requiring a $150 donation to participate, with proceeds supporting inclusive higher education initiatives in Colorado, highlighting the conference's commitment to social responsibility.
- Executive Access Opportunities: The conference offers investors direct access to executives from over 70 energy companies through one-on-one meetings and breakout Q&A sessions, aimed at helping investors gain insights into operational and financial strategies.
- Sponsorship and Presentation Opportunities: EnerCom Denver provides sponsorship opportunities for companies looking to enhance their market presence, attracting participation from several well-known firms, thereby increasing the conference's industry impact and professionalism.
See More
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- Earnings Highlights: PEDEVCO reported a Q1 GAAP EPS of -$3.28, indicating ongoing losses; however, the revenue surged to $40.23 million, reflecting a remarkable 360.3% year-over-year growth, exceeding market expectations by $2.58 million and showcasing strong revenue potential.
- Future Outlook: The company projects an adjusted EBITDA of $60 million to $70 million for 2026, indicating a strategic focus on cost management with a target of cutting up to $1 million in monthly lease operating expenses, which could enhance profitability.
- Market Environment Analysis: Despite the impressive revenue growth, PEDEVCO faces challenges from fading geopolitical tailwinds and high breakeven costs, which may impact future profitability and market performance.
- Investor Interest: The financial performance and outlook of PEDEVCO have garnered significant attention from investors, particularly highlighted in Seeking Alpha's Quant Rating, reflecting market confidence in its growth potential.
See More
Registration Open for 2026 EnerCom Denver Energy Investment Conference
- Conference Registration Open: EnerCom has announced that registration is now open for the 2026 EnerCom Denver Energy Investment Conference, scheduled for August 17-19 at the Westin Denver Downtown, expected to attract over 1,000 industry professionals and investors, providing significant investment opportunities and industry insights.
- Charity Golf Tournament: The conference will kick off with a charity golf tournament on the first day, requiring a $150 donation to participate, with all proceeds supporting the IN! Pathways to Inclusive Higher Education program, aimed at creating more college opportunities for students with intellectual disabilities and fostering their academic and career growth.
- Executive Access Opportunities: This conference offers investors direct access to executive management teams from leading global energy companies, including one-on-one meetings and breakout Q&A sessions, helping investors gain deeper insights into companies' operational and financial strategies, thereby enhancing investment decision-making effectiveness.
- Networking Events: Multiple networking events will be held during the conference, including a welcome mixer and Casino Night, aimed at fostering interactions with industry peers and enhancing connections between investors and companies, thereby improving the overall collaborative atmosphere within the industry.
See More
PEDEVCO Corp. Q4 2025 Earnings Call Insights
- Post-Merger Production Boost: PEDEVCO's merger with Juniper on October 31, 2025, increased average daily production from approximately 1,500 BOE to over 5,300 BOE, significantly enhancing the company's market position in the Rockies.
- Substantial Reserve Increase: Proved reserves nearly doubled to 32.1 million BOE, translating to approximately $27 per share on a post-split basis, showcasing the company's strong potential in resource development.
- Cost Optimization Program: COO Reagan Dukes indicated that by identifying $10 million to $13 million in capital projects, the company expects to reduce lease operating expenses by up to $1 million per month, translating to annual savings of $10 million to $12 million.
- 2026 Outlook: CFO Robert Long projected adjusted EBITDA for 2026 to be between $60 million and $70 million, based on average realized oil prices of $65 per barrel and gas prices of $3.50 per Mcf, indicating the company's profitability and growth potential moving forward.
See More
PEDEVCO Reports Strong Q4 2025 Earnings Growth Amid Challenges
- Significant Earnings Growth: PEDEVCO achieved an adjusted EBITDA of $15.4 million in Q4 2025, reflecting a remarkable 203% year-over-year increase, demonstrating the company's resilience and enhanced profitability despite declining crude oil prices.
- Production and Reserves Expansion: The company reported production of 483,159 BOE in Q4 2025, averaging over 5,300 BOE per day, while proved reserves increased to 32.1 million BOE, bolstering future production potential and market competitiveness.
- Cost Optimization Initiatives: PEDEVCO has identified optimization projects expected to reduce lease operating expenses by up to $1 million per month, which is anticipated to significantly improve the company's financial health and operational efficiency.
- Capital Expenditure Outlook: Projected capital expenditures for 2026 are estimated between $16 million and $20 million, alongside an adjusted EBITDA outlook of $60 million to $70 million, indicating a proactive stance on investment and growth strategies moving forward.
See More
