Q1 2026 PEDEVCO Corp Earnings Call Transcript

May 14, 2026 / 09:00 PM GMT

Release Date Price: $14.86 (+6.68%)

Transcript 8-K10-Q

Key Points

Positve

PEDEVCO Corp (PED) exceeded internal expectations across all key metrics in Q1 2026, with production averaging 8,091 BOE per day.
The company reported a significant increase in adjusted EBITDA to $21.5 million, a 404% rise from Q1 2025.
The integration of assets post-Juniper merger has been efficient, with costs aligning with expectations and strong cash generation.
PEDEVCO Corp (PED) has a deep inventory relative to its size, providing substantial development opportunities across multiple basins.
The optimization program is expected to reduce lease operating expenses significantly, targeting up to $1 million per month in cost savings by 2027.

Negative

PEDEVCO Corp (PED) reported a net loss of $25.6 million, primarily due to a $31.3 million net loss on derivative contracts.
Production is expected to decline in the middle quarters of 2026 as wells follow their natural decline curves.
The company faces constraints from government regulations on hedging, impacting its ability to fully capitalize on commodity price volatility.
There are longer lead times for development in the Powder River Basin, which could delay potential production increases.
The company is still managing a working capital deficit, although it has improved significantly from the previous quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PED.A - PEDEVCO Corp
Q1 2026 PEDEVCO Corp Earnings Call
May 14, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, and welcome to Pedevco Corp's first quarter 2026 earnings conference call.

All participants are in listen-only mode.

After the prepared remarks, we will open the call for questions.

I would now like to turn the call over to Laurent Weil of Elevate IR. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and good afternoon, everyone. Welcome to PDEVCO's first quarter 2026 earnings call. With me today are Doug Schick, President and Chief Executive Officer, R.T. Dukes, Chief Operating Officer, and Bobby Long, Chief Financial

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