Pedevco Corp. Reports Decline in Q3 2025 Earnings

Pedevco Corp ( (PED) ) has released its Q3 earnings. Here is a breakdown of the information Pedevco Corp presented to its investors.

Pedevco Corp. is an oil and gas company focused on developing and producing oil and natural gas assets in the Permian Basin and Denver-Julesberg Basin, leveraging modern drilling techniques to optimize legacy proven properties. In its latest earnings report for the quarter ending September 30, 2025, Pedevco Corp. reported a decline in revenue and net income compared to the previous year, with oil and gas sales totaling $6.961 million, down from $9.050 million in the same period in 2024. Key financial metrics indicate a net loss of $325,000 for the quarter, attributed to lower oil and gas sales and increased operating expenses, including a $907,000 impairment of oil and gas properties. Despite the challenges, the company continues to invest in its assets, with $17.22 million in capital costs incurred for drilling and completion operations in the Permian Basin and D-J Basin. Looking forward, Pedevco Corp. aims to enhance its asset base and explore strategic opportunities to drive growth, while addressing ongoing legal challenges and optimizing its financial position.