PEDEVCO (PED) Company Report

On January 8, 2026, PEDEVCO CORP. borrowed an additional $6 million under its Amended and Restated Credit Agreement.
This $6 million draw down was approved on January 6, 2026, by North Peak Oil & Gas Holdings, LLC and Century Oil and Gas Holdings, LLC, who hold a majority of the Series A Convertible Preferred Stock.
The funds are expected to be used for the Company's participation in non-operated well operations and other Company payables.
The Amended and Restated Credit Agreement, established on October 31, 2025, provides for an initial borrowing base and aggregate elected commitments of $120 million and an aggregate maximum revolving credit amount of $250 million.

Jan 9, 2026, 9:32 PM

8-K

PEDEVCO Corp. Announces Q3 2025 Financial Results and Transformative Merger

PED

Earnings

M&A

New Projects/Investments

PEDEVCO Corp. reported a net loss of $325 thousand, or $0.00 per common share, for Q3 2025, compared to a net income of $2.9 million, or $0.03 per share, in Q3 2024. Revenue for Q3 2025 was $7.0 million, a decrease of $2.1 million from Q3 2024.
Adjusted EBITDA for Q3 2025 was $4.3 million, down from $5.7 million in Q3 2024.
As of September 30, 2025, the company held $13.7 million in cash and cash equivalents (including restricted cash) and reported zero debt.
The company completed a transformative merger with certain portfolio companies controlled by Juniper Capital Advisors, L.P. on October 31, 2025, which is expected to increase current production to over 6,500 BOEPD and expand its acreage to over 320,000 net acres.
PEDEVCO anticipates significant flush production from new wells coming online in Q4 2025 and early 2026.

Nov 17, 2025, 1:08 PM

8-K

PEDEVCO Announces Transformative Merger with Juniper Capital's Rockies Portfolio

PED

M&A

Convertible Preferred Issuance

New Projects/Investments

PEDEVCO announced a transformative merger with Juniper Capital's Rockies portfolio companies, establishing a premier Rockies-focused operator.
The combined company will control over 328,000 net acres, with approximately 95% in the Rockies, and an oil-weighted portfolio where over 88% of production is from oil and liquids.
For the last 12 months ending June 30, 2025, the combined company's production was approximately 8,500 barrels of oil equivalent per day, generating $96 million of EBITDA.
Upon conversion of Series A convertible preferred stock, Juniper affiliates and management will own 53% of the combined company.
PEDEVCO plans to pursue an aggressive consolidation strategy in the Rockies.

Nov 5, 2025, 4:30 PM

Transcript

PEDEVCO Announces Business Combination with Juniper Capital Rockies

PED

M&A

Debt Issuance

Convertible Preferred Issuance

PEDEVCO Corp. announced a transformational business combination with Juniper Capital Rockies in October 2025, establishing a Rockies-focused company.
The pro forma combined entity will hold over 328,000 net acres primarily in the DJ Basin and Powder River Basin, with additional Permian Basin acreage.
As of June 30, 2025, the combined company's last twelve months (LTM) average production was approximately 8.5 MBoepd (~88% liquids) and generated approximately $96 million in EBITDA, with a pro forma net leverage of approximately 0.8x LTM EBITDA.
The transaction is funded by an expanded $250MM RBL with a $120MM borrowing base ($87MM drawn) and $35 million in new equity. Upon conversion of preferred shares, Juniper and affiliates are expected to own approximately 53% of pro forma shares outstanding.

Nov 5, 2025, 4:30 PM

Presentation

PEDEVCO Announces Transformative Merger with Juniper Capital's Rockies Portfolio

PED

M&A

Convertible Preferred Issuance

Board Change

PEDEVCO announced a transformative merger with Juniper Capital's Rockies portfolio, aiming to become a premier Rockies-focused operator.
The combined entity will control over 328,000 net acres, with approximately 95% located in the Rockies, and on a pro forma last 12-month basis for the quarter ending June 30, 2025, had a combined production of roughly 8,500 barrels of oil equivalent per day and generated $96 million of EBITDA.
Juniper affiliates and management will receive newly designated Series A convertible preferred stock, which upon conversion, will result in them owning 53% of the combined company.
To fund the merger, PEDEVCO increased its borrowing base under its reserve-based lending facility from $20 million to $120 million and completed a $35 million private placement of preferred shares.
The combined company's management team and board of directors will be strengthened with additions from Juniper and new independent directors, reinforcing operational depth and governance.

Nov 5, 2025, 4:30 PM

Transcript

PEDEVCO Completes Merger with Juniper Capital Portfolio Companies

PED

M&A

Convertible Preferred Issuance

Management Change

PEDEVCO Corp. completed a merger with certain portfolio companies controlled by Juniper Capital Advisors, L.P., acquiring oil-weighted producing assets and leasehold interests in the Northern DJ and Powder River Basins.
The transaction involved PEDEVCO issuing 10,650,000 Series A Convertible Preferred Shares to Juniper and a $35 million private placement of additional Convertible Preferred Shares.
Upon conversion, Juniper and its affiliates will own approximately 53% of the combined entity, which is expected to have approximately $87 million in total debt and $10 million in cash.
The combined company is positioned as a premier Rockies-focused operator with over 6,500 BOEPD of current production (over 80% oil) and over 328,000 net acres.
Key management changes include the appointment of Reagan Tuck Dukes as COO and Robert J. Long as CFO, and several new board members.

Nov 4, 2025, 5:31 PM

Press Release

PEDEVCO Corp. Announces Mergers, Reverse Stock Split, and Executive Appointments

PED

M&A

Convertible Preferred Issuance

Board Change

PEDEVCO Corp. entered into an Agreement and Plan of Merger on October 31, 2025, to acquire North Peak Oil & Gas, LLC and Century Oil and Gas Sub-Holdings, LLC, which will become wholly-owned subsidiaries.
As consideration for the mergers, 10,650,000 shares of Series A Convertible Preferred Stock were issued, initially convertible into 106,500,000 shares of Common Stock.
The Parent Board and stockholders approved a reverse stock split of outstanding shares at a ratio between 1-for-10 and 1-for-20.
Effective October 31, 2025, Robert "Bobby" J. Long was appointed Chief Financial Officer, and Martyn Willsher, Josh Schmidt, and Kristel Franklin were appointed to the Board of Directors.