Pedevco Q4 Earnings Call Highlights

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MarketBeat

Wed, April 1, 2026 astatine 11:30 AM CDT 9 min read

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  • Juniper merger materially scaled Pedevco into a Rockies-focused platform, boosting fourth-quarter accumulation to implicit 5,300 BOE/d, astir doubling proved reserves to 32.1 cardinal BOE and giving the institution ~310,000 nett acres with a precocious liquids premix and 1,000+ identified locations.

  • Management is pursuing $10M–$13M of optimization projects (pump conversions, compression, recompletions) expected to chopped LOE by up to $1M per month (≈$10M–$12M annually) and perchance adhd $13M–$15M of annualized EBITDA by precocious 2026/2027.

  • Pedevco projects $60M–$70M adjusted EBITDA for 2026 astatine $65/bbl crude, plans $16M–$20M of 2026 capex (≈90% successful the DJ Basin), has ~$98M drawn connected its revolver with astir $25M liquidity, and targets year-end nett debt/EBITDA of ~1.2x–1.3x portion keeping leverage ≤1.5x.

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Pedevco (NYSEAMERICAN:PED) executives utilized the company’s fourth-quarter and full-year 2025 net telephone to framework 2025 arsenic a “transformational year” pursuing the Oct. 31, 2025 merger with Juniper’s Rocky Mountain portfolio companies, portion outlining priorities for outgo reductions, superior discipline, and a larger accumulation basal entering 2026.

President and CEO J. Douglas Schick said the Juniper transaction materially accrued scale, shifting the institution from astir 1,500 barrels of lipid equivalent per time (BOE/d) antecedently to a combined complaint that “averaged implicit 5,300 BOE per time successful the 4th quarter.” He besides said proved reserves “nearly doubled to 32.1 cardinal BOE,” which helium described arsenic “approximately $27 per stock connected a post-split basis.”

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Schick emphasized the company’s footprint and inventory depth, saying the combined institution holds “over 310,000 nett acres crossed the DJ Basin, Powder River Basin, and Permian Basin” with an “approximately 88% liquids mix” and “well implicit a decennary of identified inventory.” He added that the reserve engineers’ proved reserve valuation is “a utile level for the plus worth discussion,” and noted the institution has “over 1,000 further identified drilling locations.”

Investor relations subordinate Laurent Weil of Elevate IR noted the telephone reflected the company’s archetypal net merchandise arsenic a combined institution and reminded listeners that per-share figures bespeak a 1-for-20 reverse banal divided effectual March 13, 2026. Weil said the divided has been applied retroactively and that Pedevco had 13,300,621 shares outstanding arsenic of March 27, 2026.

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