PEDEVCO Corp., an energy company focusing on the Rocky Mountain region, announced its Q3 2025 financial results.
Key highlights include a decrease in production and revenue compared to Q3 2024.
The Company reported an operating loss but maintained a strong cash position with zero debt.
Production Decline
Production averaged 1,471 BOEPD in Q3 2025, down 13% from Q3 2024.
Financial Results
Q3 2025 revenue was $7.0 million, with an operating loss of $834 thousand.
Merger Impact
The merger with Juniper Capital Advisors' portfolio companies is expected to increase scale and production in late 2025 and early 2026.
- PEDEVCO faced challenges in Q3 2025 due to commodity price pressure and delayed development plans.
- Despite the setbacks, the Company is optimistic about future production growth and the merger's positive impact on operations and development opportunities.
PEDEVCO remains optimistic about its future growth prospects in the Rockies region after the transformative merger and upcoming production expansions.