PEDEVCO Corp. Reports Third Quarter 2026 Financial Results

The company reported a net loss of $9.2 million, or $(0.70) per share, for the third quarter of 2026, compared to a net loss of $0.3 million in the prior year period. Revenue rose 411% to $35.5 million, driven by higher production volumes and a 31% increase in average realized oil prices. The company updated its full-year 2026 capital expenditure guidance to a range of $37 million to $42 million, up from previous guidance of $20 million, citing lease acquisitions in the Mowry Shale and ongoing development activity. Adjusted EBITDA guidance for the full year remains unchanged at $60 million to $70 million.