PEDEVCO Announces 2024 Financial Results [Yahoo! Finance]
Pedevco Corp. (PED)
NASDAQ:AMEX Investor Relations:
pacificenergydevelopment.com
Company Research
Source: Yahoo! Finance
acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the year ended December 31, 2024. Key Highlights Include: Produced an average of 1,835 barrels of oil equivalent per day ("BOEPD") (73% oil, 85% liquids) in 2024, increasing 29% over average daily production in 2023. Adjusted EBITDA, a non-GAAP financial measure (discussed in greater detail below), increased 31% to $22.9 million in 2024, compared to $17.5 million in 2023. Reported revenue of $39.6 million, increasing 28% over 2023 revenue. Reported operating income of $4.7 million and operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $34.8 million, increasing 281% and 37%, respectively, from 2023. Reported net income of $17.8 million, or $0.20 per basic diluted share outstanding, in 2024, compared to net income of $1.7 million, or $0.02 per diluted
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Sec Filings
- 12/4/25 - Form 3
- 12/4/25 - Form 4
- 11/25/25 - Form 4
- PED's page on the SEC website