PEDEVCO Q3 posts net loss on temporary production curtailments
PED•PEDEVCO reported a Q3 net loss of $9.24 million, including a $16.6 million derivative loss, while revenue rose 411% year over year and adjusted EBITDA increased 239% to $14.68 million. It raised 2026 capital expenditure guidance to $37 million-$42 million and reiterated adjusted EBITDA guidance of $60 million-$70 million.
1. Quarterly results and outlook
PEDEVCO’s Q3 production declined sequentially after temporary well shut-ins and accelerated maintenance, the company said. The net loss was driven by a $16.6 million loss on derivative contracts, including a $12 million non-cash unrealized loss. The company expects production to strengthen sequentially in Q4 2026 as wells return online.
