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Stock impact report

PEDEVCO Announces Q3 2024 Financial Results and Operations Update [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 three and nine months ended September 30, 2024, and provided an operations update. Key Financial and Operational Highlights Include: Produced an average of 1,698 barrels of oil equivalent per day ("BOEPD") (85% liquids) in the three months ended September 30, 2024 ("Q3 2024"), compared to 1,376 BOEPD produced in Q3 2023. Q3 2024 revenue of $9.1 million, increasing $1.7 million from Q3 2023. Operating income of $2.8 million, increasing 231% from Q3 2023. Operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $7.0 million, increasing 7% from Q3 2023. Net income of $2.9 million, or $0.03 per basic and diluted share outstanding, compared to $0.9 million, or $0.01 per basic and diluted share outstanding in Q3 2023. Adjusted EBITDA, a non-GAAP financial Show less Read more
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