Record Preliminary* Q4 and Full Year 2025 Financial Results
Q4 Revenue Rose Over 2x to $22.5 – 23.5 Million
Q4 Adj. EBITDA Grew Nearly 3x to $14.5 – 15.5 Million
Q4 Average Daily Production Grew ~140% to 5 – 5.5 Mboe/d
Earnings Results and 2026 Financial Outlook to Be Discussed on Wednesday, April 1, 2026, at 11:00 a.m. Eastern time
HOUSTON, March 19, 2026 (GLOBE NEWSWIRE) -- PEDEVCO Corp. ("PEDEVCO" or the "Company") (NYSE:PED), a domestic energy company engaged in the acquisition and development of strategic, high growth energy projects in the Rocky Mountain region, today announced preliminary financial results for the fourth quarter and full year ended December 31, 2025.
Fourth Quarter and Full Year 2025 Preliminary Financial Results
The following ranges are based on preliminary, unaudited estimates, and the Company expects to report final audited results within these ranges:
| 4Q24 | 4Q25 | ∆% * | FY24 | FY25 | ∆% * | |
| Average Daily Production (Mboe/d) | 2.2 | 5.0 – 5.5 | ~141% | 1.8 | 2.4 – 2.5 | ~34% |
| GAAP Total Revenues ($M) | 10.6 | 22.5 – 23.5 | ~117% | 39.6 | 45.0 – 46.0 | ~15% |
| Adjusted EBITDA ($M) ** | 5.1 | 14.5 – 15.5 | ~196% | 22.9 | 26.5 – 27.5 | ~18% |
*The percentages shown represent the year-over-year change calculated using the midpoint of the estimated ranges.
**Non-GAAP measure.
J. Douglas Schick, President and Chief Executive Officer of PEDEVCO, stated, "2025 was a transformational year for PEDEVCO as we executed our development program and closed the Juniper merger in the fourth quarter, significantly expanding our Rockies footprint, production base and earnings power. Our fourth quarter results began to reflect the new scale of the business, with revenue more than doubling to approximately $23 million and Adjusted EBITDA nearly tripling to approximately $15 million. 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 the fourth quarter and into early 2026, PEDEVCO is entering the year with meaningfully higher production levels and a deep inventory of development opportunities.
"As we look ahead, we believe the work completed in 2025 has positioned PEDEVCO for a step-change in financial performance. 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."
*The financial information in this press release is preliminary, unaudited, based on currently available information, and subject to adjustment in the final financial statements to be filed with the Company's Annual Report on Form 10-K for the twelve months ended December 31, 2025.
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