PEDEVCO Corp. (PED) Earnings Call Transcripts

PEDEVCO Corp.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, PEDEVCO Corp. reported a significant revenue increase to $40.2 million, up 360% year-over-year, driven by production outperformance from the merger with Juniper. Adjusted EBITDA reached $21.5 million, reflecting a 404% increase from Q1 2025, although the company reported a net loss of $25.6 million primarily due to a $31.3 million loss on derivative contracts. Management reiterated full-year guidance for average production of 6,500 to 7,000 BOE per day and adjusted EBITDA of $60 million to $70 million, maintaining a disciplined approach to capital expenditures.

Reported metrics

Guidance from management

Management maintained full-year guidance for average production of 6,500 to 7,000 BOE per day and adjusted EBITDA of $60 million to $70 million, indicating confidence in operational execution.

What management said

Yes. So Nick, we really started in earnest in Q2. Just a broad update. We had 2 wells we did get converted to rod pump in Q1, below budget, performing to plan. So real happy with where we are. Good progress so far this quarter as well.

And R.T., to add to that also, that's -- Nick, that's partially why our optimization projects are planned for mostly for spring, fall or spring, summer and fall is to -- so we're not out there in the middle of winter.

What analysts pressed on

Analysts expressed concerns regarding the impact of the optimization program on future production and cost structure, particularly how quickly the company can respond to favorable market conditions. There were questions about the timing and effectiveness of capital expenditures in relation to production targets.

Main topics on the call

• Production Outperformance — Production averaged 8,091 BOE per day, exceeding internal projections due to the 31 D-J Basin wells coming online. Management noted, "the production outperformance relative to our internal projections" was a key highligh...
• Revenue Growth — Revenue surged to $40.2 million, a 360% increase from $8.7 million in Q1 2025, primarily driven by higher production volumes. This was characterized as "almost entirely a volume story" by management.
• Adjusted EBITDA Increase — Adjusted EBITDA reached $21.5 million, a 404% increase year-over-year, indicating strong operational performance. Management emphasized that this metric "best reflects how the business actually performed."
• Working Capital Improvement — The working capital deficit improved by $27.1 million, from $34.1 million at year-end to $7 million at March 31, reflecting strong cash generation. This improvement was noted as an "important milestone" by management.

Read the full PEDEVCO Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 2 PEDEVCO Corp. earnings call transcripts on record, spanning April 1, 2026 to May 14, 2026. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PED

Exchange

NYSEAM

Country

US

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

2

First call

April 1, 2026

Most recent

May 14, 2026