Pedevco Posts 41 Percent Sales Drop
Pedevco (NYSEMKT:PED), an independent oil and gas company focused in the Permian and D-J Basins, released its second quarter 2025 results on August 14, 2025. Both top- and bottom-line results (GAAP) fell sharply compared to the prior-year quarter, reflecting lower production and pricing. The company posted a net loss, and Adjusted EBITDA and net income both declined significantly compared to Q2 2024. The quarter was marked by operational disruptions and non-cash charges, though Cash and cash equivalents (GAAP) increased to $11.2 million as of June 30, 2025, up from $6.6 million as of December 31, 2024. Overall, the quarter proved challenging for the company, highlighting ongoing operational and market risks.
Source: Analyst estimates for the quarter provided by FactSet.
Pedevco (NYSEMKT:PED) is a U.S. oil and gas explorer and producer with assets concentrated in the Permian Basin in New Mexico and the Denver-Julesberg (D-J) Basin in Colorado, which are among the country's major oil fields. The business relies heavily on developing and operating oil and gas wells in these two basins, with output generally weighted toward liquid hydrocarbons such as crude oil and natural gas liquids.
Source Fool.com
