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0 0 0 0.0321400574862815 -0.0593153906454143 0.0190749934674678 0.0313561536451526 0.0190749934674678
Stock impact report

PEDEVCO Announces 2023 Financial Results [Yahoo! Finance]

Pedevco Corp. (PED) 
NASDAQ:AMEX Investor Relations: pacificenergydevelopment.com
Company Research Source: Yahoo! Finance
acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the year ended December 31, 2023. Key Highlights Include: Produced an average of 1,427 barrels of oil equivalent per day ("BOEPD") (74% oil) in 2023, increasing 43% over average daily production in 2022. Adjusted EBITDA, a non-GAAP financial measure (discussed in greater detail below), increased 8% to $17.5 million in 2023, compared to $16.1 million in 2022. Reported revenue of $31 million, increasing 2% over 2022 revenue. Reported operating loss of $0.2 million and operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease operating expenses) of $26.7 million, decreasing 108% and 3%, respectively, from 2022. Reported net income of $0.3 million, or $0.00 per basic diluted share outstanding, in 2023, compared to net income of $2.8 million, or $0.03 per diluted basic share outstandi Show less Read more
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