Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag PEDEVCO Corp. posted a $325,000 loss in Q3 2025, down from a $2.9M profit, due to lower production and revenue, but ended the quarter with $13.7M in cash and no debt, and completed a merger expanding its Rockies operations.

flag PEDEVCO Corp. reported a net loss of $325,000 for the third quarter of 2025, compared to net income of $2.9 million in the same period last year, due to a 13% decline in production to 1,471 barrels of oil equivalent per day and lower revenue of $7.0 million. flag Operating expenses rose 12% to $7.8 million, driven by higher depreciation and a property impairment. flag The company held $13.7 million in cash with no debt as of September 30, 2025. flag It completed a merger with Juniper Capital Advisors’ former portfolio companies on October 31, expanding its Rockies operations and boosting production capacity to over 6,500 BOEPD. flag New wells from non-operated projects in the D-J Basin and two acquired Codell wells are expected to come online in late 2025 and early 2026, with the company focusing on integration and future growth.

8 Articles

Further Reading