PEDEVCO Q2 FY26 returns to profit with net income USD 17.45 million; revenue rises 15% QoQ to USD 46.11 million
PED•PEDEVCO reports Q2 FY26 profit and higher revenue
- 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.
2026 drilling plans
Management plans to drill or participate in over 20 gross wells in 2H 2026, targeting added production in late 2026 into 2027.
