Headquartered in Houston, TX Fiscal year ends December NYSE MKT: PED pedevco.com
PEDEVCO Corp. (NYSE American: PED) is an independent energy company focused on acquiring and developing oil and gas assets, mainly in the Rocky Mountain region. It produces crude oil, natural gas and NGLs.
The company holds over 284,000 net acres:
- **D-J Basin** (southeastern Wyoming and northern Colorado): about 85,898 net acres, with 74 gross operated and 110 gross non-operated wells.
- **Powder River Basin** (northeastern Wyoming): about 183,829 net acres, with 39 gross wells, including an expanded Mowry Shale position.
- **Permian Basin**: about 14,505 net acres, with 38 gross wells, all operated by the company.
Its footprint expanded substantially through the October 2025 merger with portfolio companies controlled by Juniper Capital Advisors. The company funds development through operating cash flow and a senior secured revolving credit facility with a $125 million borrowing base. It manages commodity price exposure with oil and gas swaps, costless collars and three-way collars.
PEDEVCO is currently led by an interim CEO while it searches for a permanent chief executive. Updated
The quarterly loss is a hedging artifact: a $16.6 million net loss on derivative contracts (including $12.0 million of non-cash mark-to-market) swamped revenue that beat estimates by 10.5% on a 411% year-over-year jump. Management reiterated full-year Adjusted EBITDA guidance of $60 million to $70 million and says the wells shut in during the quarter are back online.
PEDEVCO Corp. (NYSE American: PED) is an independent energy company focused on acquiring and developing oil and gas assets, mainly in the Rocky Mountain region. It produces crude oil, natural gas and NGLs.
The Wall Street consensus 12-month price target for PED is $18.22.