PEDEVCO Q2 FY26 returns to profit with net income USD 17.45 million; revenue rises 15% QoQ to USD 46.11 million
Reuters2026/08/13 20:12- PEDEVCO posted Q2 2026 net income of USD 17.45 million, swinging from a loss; EPS was USD 1.31.
- Revenue rose 15% from Q1 to USD 46.11 million, while average daily production fell 16% to 6,801 Boe/d.
- Adjusted EBITDA (non-GAAP) edged up 3% sequentially to USD 18.67 million.
- Revolver borrowings declined to USD 85 million from USD 98 million at March 31; cash and restricted cash totaled USD 12.14 million.
- Management plans to drill or participate in over 20 gross wells in 2H 2026, targeting added production in late 2026 into 2027.
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