Transformational Juniper Merger Drives Step-Change in Scale, Reserves and Earnings PowerHOUSTON, March 31, 2026 (GLOBE NEWSWIRE) -- PEDEVCO Corp. (NYSE American: PED) (“PEDEVCO” or the “Company”), a publicly traded energy company engaged in the acquisition and development of strategic oil and gas assets in the Rocky Mountain region, today reported audited financial results for the fourth quarter and full year ended December 31, 2025. The Company’s full year 2025 results reflect the closing of its transforma ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ____________ Commission file number: 001-35922 PEDEVCO Corp. (Exact Name of Registrant as Specified in Its Charter) Texas 22-3755993 (I.R.S. Emplo ...

HOUSTON, March 20, 2026 (GLOBE NEWSWIRE) -- PEDEVCO Corp. (NYSE American: PED) (“PEDEVCO” or the “Company”), a domestic energy company engaged in the acquisition and development of strategic, high growth energy projects in the Rocky Mountain region, today announced that President & Chief Executive Officer J. Douglas Schick, Chief Operating Officer Reagan Tuck (R.T.) Dukes, and Executive Vice President & General Counsel Clark Moore, will participate in the 38th Annual Roth Conference taking place March 22– ...

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 American: PED), a domestic energy company engaged in the acquisition and development ...

Core Viewpoint - PEDEVCO Corp. will conduct a reverse stock split at a ratio of 1-for-20, effective March 13, 2026, to streamline its capital structure and enhance its market profile following a recent merger [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 20 shares of common stock into one share, reducing the outstanding shares from approximately 266.0 million to about 13.3 million [3][5]. - The trading symbol "PED" will remain unchanged, but the CUSIP number will change to 70532Y402 [3]. - The reverse stock split will not affect the authorized number of shares or the par value, which will remain at $0.001 per share [6]. Group 2: Purpose and Approval - The primary goal of the reverse stock split is to reduce the number of outstanding shares and increase the per-share trading price, thereby improving the company's capital markets profile and attracting institutional investors [2][4]. - The reverse stock split was approved by the majority stockholders on October 31, 2025, and the final ratio was confirmed by the Board after the effectiveness of the written consent on February 27, 2026 [4]. Group 3: Impact on Securities - All outstanding options and other securities will be adjusted accordingly due to the reverse stock split, and no fractional shares will be issued; instead, cash will be provided for any fractional shares [6]. - The company plans to file a Current Report on Form 8-K with the SEC on the effective date of the reverse stock split for additional information [7]. Group 4: Company Overview - PEDEVCO Corp. is a publicly traded energy company focused on acquiring and developing high-growth energy projects in the United States, with principal assets in the Rockies and the Permian Basin [8].

EX-99.2 4 ped_ex992.htm 2025 RESERVE REPORT PREPARED EXHIBIT 99.2 | | | Proved | Proved | | | | | --- | --- | --- | --- | --- | --- | --- | | | | Developed | Developed | Proved | Proved | Total | | | | | Non | | | | | | | Producing | Producing | Developed | Undeveloped | Proved | | Net Reserves | | | | | | | | Oil | - Mbbl | 11,871.9 | 372.0 | 12,243.9 | 10,742.4 | 22,986.3 | | Gas | - MMcf | 12,675.1 | 395.1 | 13,070.2 | 15,713.3 | 28,783.5 | | NGL | - Mbbl | 1,895.1 | 64.5 | 1,959.6 | 2,381.0 | 4,340.6 | ...

Core Viewpoint - PEDEVCO Corp. has reported its year-end 2025 proved reserves evaluation, highlighting a significant asset base following its merger with Juniper Capital Advisors, indicating strong potential for cash flow and long-term shareholder value [2][3]. Reserves Evaluation - The independent evaluation of proved reserves was conducted by Cawley, Gillespie & Associates, Inc., covering 100% of the Company's interests in Wyoming, Colorado, and New Mexico, with an effective date of December 31, 2025 [3][4]. - Total proved reserves at year-end 2025 were 22.99 million barrels of oil, 28.78 billion cubic feet of natural gas, and 4.34 million barrels of natural gas liquids, totaling approximately 32.12 million barrels of oil equivalent [4]. Financial Metrics - The present value of future net cash flows before federal income taxes attributable to total proved reserves was approximately $674.8 million, with a PV-10 value of about $357.7 million, of which 72% is from proved developed reserves [6]. - SEC pricing as of December 31, 2025, was $65.34 per barrel of oil and $3.387 per MMBtu of natural gas, leading to net realized prices of $62.92 per barrel of oil and $3.04 per Mcf of natural gas [5]. Development Plans - The proved undeveloped reserves reflect a multi-year development plan, including 71 horizontal drilling locations across Colorado, Wyoming, and New Mexico, targeting various formations [7]. - There are also 11 proved developed non-producing locations, indicating completed wells with fully paid capital costs [7]. Company Overview - PEDEVCO Corp. is a publicly traded energy company focused on acquiring and developing high-growth energy projects in the U.S., with principal assets in the Rockies and the Permian Basin [11].

Core Insights - The energy sector has several oversold stocks that present potential buying opportunities for investors [1] Group 1: Oversold Stocks - Pedevco Corp (NYSE:PED) has an RSI of 29.8, with a stock price decline of approximately 27% over the past month, closing at $0.45 [3][7] - Geospace Technologies Corp (NASDAQ:GEOS) has an RSI of 29, with a stock price drop of around 50% over the past month, closing at $13.17 [4][7] - Houston American Energy Corporation (NYSE:HUSA) has an RSI of 23.2, with a stock price decrease of about 59% over the past month, closing at $2.20 [5][7] Group 2: Company Performance and Outlook - Pedevco's CEO expressed optimism about future growth due to upcoming wells and a merger that is expected to enhance production and development opportunities [7] - Geospace Technologies reported a loss of 71 cents per share for the fourth quarter, emphasizing the need for diversification and innovation [7] - Houston American Energy completed an $8 million direct offering to institutional investors, indicating ongoing capital-raising efforts despite recent stock performance [7]

Core Insights - The energy sector has several oversold stocks that present potential buying opportunities for investors [1] Group 1: Oversold Stocks - Pedevco Corp (NYSE:PED) has an RSI of 29.8, with a stock price decline of approximately 27% over the past month, closing at $0.45 [3][7] - Geospace Technologies Corp (NASDAQ:GEOS) has an RSI of 29, experiencing a 50% stock price drop in the last month, closing at $13.17 after an 18.4% increase on the last trading day [4][7] - Houston American Energy Corporation (NYSE:HUSA) has an RSI of 23.2, with a significant 59% decline in stock price over the past month, closing at $2.20 [5][7]

Financial Performance - PEDEVCO reported a net loss of $0.3 million for Q3 2025, compared to a net income of $2.9 million in Q3 2024, marking a decrease of $3.2 million[5]. - Q3 2025 revenue was $7.0 million, down $2.1 million or 23% from $9.1 million in Q3 2024[11]. - Adjusted EBITDA decreased by 24% to $4.3 million in Q3 2025, compared to $5.7 million in Q3 2024[8]. - The company reported a net loss of $1,834,000 for the three months ended September 30, 2025, compared to a net income of $735,000 for the same period in 2024[33]. - Net loss for the nine months ended September 30, 2025, was $1,861,000 compared to a net income of $6,369,000 for the same period in 2024[36]. - Operating income for the current period was a loss of $834,000, while the previous period reported an operating income of $2,831,000[34]. - EBITDA for the nine months ended September 30, 2025, was $8,876,000, down from $17,151,000 in 2024[38]. - Total other income for the current period was $345,000, compared to $489,000 in the previous period[34]. Production and Sales - Average production for Q3 2025 was 1,471 BOEPD, a decrease of 13% from 1,698 BOEPD in Q3 2024[5]. - The company’s current production stands at over 6,500 BOEPD, with over 88% being oil and liquids[22]. - Oil and gas sales for the three months ended September 30, 2025, were $6,961,000, a decrease of 23.1% compared to $9,050,000 for the same period in 2024[33]. - The average realized sales price for crude oil in Q3 2025 was $63.76 per barrel, a decrease of 11% from $57.97 per BOE in Q3 2024[10]. Expenses and Liabilities - Total operating expenses for Q3 2025 were $7.8 million, an increase of 12% from Q3 2024[5]. - Total operating expenses for the nine months ended September 30, 2025, were $25,240,000, an increase of 6.8% from $23,638,000 for the same period in 2024[33]. - Current liabilities rose to $14,636,000 as of September 30, 2025, from $6,908,000 as of December 31, 2024, indicating an increase of 112.5%[31]. - Share-based compensation expense increased to $1,486,000 for the nine months ended September 30, 2025, from $1,401,000 in 2024[36]. Cash and Assets - Cash and cash equivalents as of September 30, 2025, were $13.7 million, an increase from $6.6 million as of December 31, 2024[8]. - Cash and cash equivalents increased to $10,922,000 as of September 30, 2025, from $4,010,000 as of December 31, 2024, representing a significant increase of 172.5%[31]. - Cash and restricted cash at the end of the period was $13,669,000, compared to $7,164,000 at the end of the previous year[37]. - As of September 30, 2025, total assets increased to $135,888,000 from $128,349,000 as of December 31, 2024, reflecting a growth of approximately 5.4%[30]. Strategic Initiatives - The company participated in the drilling of eight non-operated wells in the D-J Basin, with first production expected in Q4 2025[20]. - On October 31, 2025, PEDEVCO announced a transformative merger with portfolio companies controlled by Juniper Capital Advisors, significantly increasing its production capacity and acreage[22]. - The company plans to integrate Juniper assets into its operations following the recent transaction, which includes a $35 million private placement of preferred stock[29]. - The company anticipates future production and cash flow improvements, contingent on oil and natural gas price stability and operational efficiencies[27]. Financial Metrics - PEDEVCO emphasizes the importance of EBITDA and Adjusted EBITDA as financial metrics, although they are not recognized under GAAP, to provide additional insights into operational performance[26]. - The company experienced an impairment of oil and gas properties amounting to $907,000 in the current period, with no impairment reported in the previous period[36]. - The company reported a gain on the sale of oil and gas properties of $2,923,000 for the current period, compared to $1,115,000 in the previous period[36]. - The weighted average number of common shares outstanding for the current period was 92,161,635, compared to 89,428,310 in the previous period[34].