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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.
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.
Operating expenses rose 12% to $7.8 million, driven by higher depreciation and a property impairment.
The company held $13.7 million in cash with no debt as of September 30, 2025.
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.
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.
PEDEVCO Corp. registró una pérdida de 325.000 dólares en el tercer trimestre de 2025, una bajada respecto a un beneficio de 2,9 millones de dólares debido a una menor producción e ingresos, pero cerró el trimestre con 13,7 millones de dólares en efectivo y sin deuda, y completó una fusión ampliando sus operaciones en los Rockies.