Pedevco (PED)
:PED
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Earnings Data
Report Date
Aug 17, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
-0.4Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial performance story: production and revenue grew substantially year-over-year, adjusted EBITDA expanded materially, and working capital improved meaningfully following the merger. Management emphasized disciplined capital allocation, a sizable multi-basin inventory, and a targeted optimization program expected to lower operating costs materially by 2027. Key near-term risks include a large noncash derivative mark-to-market loss that produced a GAAP net loss, hedging-related realized losses and constraints, an expected mid-year production moderation relative to Q1, and limited near-term liquidity. Overall, the positive execution on operations and cash generation outweighs the headline accounting loss and short-term timing/hedge effects.Company Guidance
Strong Production Performance
Q1 production averaged 8,091 BOE/day, driven by 31 D-J Basin wells that came online in late 2025 and mostly performed ahead of type curves.
Revenue Surge
Revenue was $40.2 million in Q1 2026, a 360% increase versus $8.7 million in Q1 2025, largely volume-driven with oil accounting for ~$36.6 million (approximately 91% of total revenue).
Material Adjusted EBITDA Improvement
Adjusted EBITDA was $21.5 million, a 404% increase from $4.3 million in Q1 2025, reflecting strong operating performance excluding noncash derivative mark-to-market adjustments.
Working Capital and Balance Sheet Progress
Working capital deficit (excluding derivative-related items) improved by $27.1 million from $34.1 million at year-end to $7.0 million at March 31, 2026; net debt was approximately $87 million and is $11 million below the cited funded debt of $98 million.
Clear Full-Year Guidance and Capital Discipline
Management reiterated full-year guidance of 6,500 to 7,000 BOE/day and $60 million to $70 million of adjusted EBITDA at $16 million to $20 million of net capital expenditures, emphasizing capital discipline and return thresholds.
Operational Optimization Program
A $10–$13 million 2026 optimization program focused on pump conversions and selective interventions is underway, targeting LOE reductions up to ~$1 million per month with most benefits visible in 2027.
Large Inventory and Multi-Basin Footprint
Company holds ~202,000 net acres in the Powder River Basin, over 200,000 net acres of early-stage inventory overall, and ~14,505 net acres in the Permian; management highlights substantial development optionality and ability to scale activity if commodity prices are sustained.
Cash Flow from Operations and Capital Activity
Net cash provided by operating activities was $10.5 million for the quarter; cash paid for drilling and completion costs was $16.5 million (including ~$3.0 million carryover from 2025).
PED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PED Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $14.86 | $15.50 | +4.31% |
Mar 31, 2026 | $16.00 | $16.25 | +1.56% |
Nov 17, 2025 | $11.48 | $11.20 | -2.46% |
Aug 14, 2025 | $12.40 | $11.98 | -3.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pedevco (PED) report earnings?
Pedevco (PED) is schdueled to report earning on Aug 17, 2026, TBA (Confirmed).
What is Pedevco (PED) earnings time?
Pedevco (PED) earnings time is at Aug 17, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PED EPS forecast?
PED EPS forecast for the fiscal quarter 2026 (Q2) is 0.36.