Company: PED
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009652
Chunk: 1

Company: PEDEVCO CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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)Total shareholders’ equity  120,652   121,100 Total liabilities and shareholders’ equity $136,818  $133,845 

See accompanying notes to unaudited consolidated financial statements.

 4Table of Contents

PEDEVCO CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(amounts in thousands, except share and per share data)

  Three Months Ended   Six Months Ended    June 30,  June 30,   2025  2024  2025  2024 Revenue:            Oil and gas sales $6,972  $11,811  $15,708  $19,927                  Operating expenses:                Lease operating costs  2,799   3,548   6,211   6,079 Selling, general and administrative expense  1,693   1,383   3,289   2,878 Impairment of oil and gas properties  510   -   742   - Depreciation, depletion, amortization and accretion  3,857   4,242   7,203   7,727 Total operating expenses  8,859   9,173   17,445   16,684                  Gain on sale of oil and gas properties  1,021   -   1,021   - Note receivable - credit loss   (1,378)    -    (1,378)    -                  Operating income (expense)  (2,244)  2,638   (2,094)  3,243                  Other income (expense), net:                Interest income  63   93   127   242 Gain on sale of fixed asset  -   -   -   12 Other income (expense)  15   (50)  17   (43)Total other income  78  43   144  211 Income (loss) before income taxes  (2,166)  2,681   (1,950)  3,454 Income tax benefit  490   -   414