PEDEVCO Corp

pedevco.com

What Do They Do?

Produces and sells crude oil, natural gas and natural gas liquids to marketers, pipelines and refiners.

How Do They Make Money?

Oil sales are the main source of revenue; the company also sells natural gas and natural gas liquids, and generally receives payment in the month after delivery.

revenue

Segment	Share	How money arrives
Oil Sales Sold outright	88% FY2022: 90%	Sold outright
Natural Gas Sales Sold outright	5.8% FY2022: 5.1%	Sold outright
Natural Gas Liquids Sales Sold outright	6.3% FY2022: 2.6%	Sold outright

Who Are Their Customers?

PEDEVCO sells oil to marketers, gatherers and refiners, and natural gas and natural gas liquids to pipelines, end-users and marketers. For properties operated by other companies, those operators sell the production, collect payment and pass proceeds to PEDEVCO.

Customers above 10% of revenue, FY2025

of revenue from two customers (26%, 22%)

FY2024: 86% from three customers

Do Revenues Turn Into Profits?

No. It lost $10.4M in FY2025.

Operating income, FY2025

−17% of revenue

▼ Now a loss vs FY2024 ($4.7M, 12%)

Net income, FY2025

−23% of revenue

▼ Now a loss vs FY2024 ($12.3M, 31%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +561%; vs $7M in Q2 FY2025
Net income: ▲ Now profitable; vs −$1.7M in Q2 FY2025

Oil Sales share of total revenue from customers vs 88.6% in Q2 FY2025

Growing. Revenue grew 2.9x in 4 years, from $15.9M in FY2021 to $45.8M in FY2025, about 30% a year.

Powder River Basin expansion The latest report adds Powder River Basin properties in Wyoming to the D-J Basin and Permian Basin portfolio; the older report describes properties in the D-J Basin and Permian Basin.

Revenue over time

Oil Sales Natural Gas Sales Natural Gas Liquids Sales

$50M$25M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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