Company: PED
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013092
Chunk: 38

Company: PEDEVCO CORP
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 38
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 in other income (each discussed in more detail below) and an income tax benefit of $0.2 million (see Note 13 – Income Taxes, in the notes to the consolidated financial statements above under “Part I – Financial Information—Item 1. Financial Statements”).

 28Table of Contents

Net Revenues

The following table sets forth the operating results and production data for the periods indicated:

   Three Months Ended         September 30,   Increase   % Increase   2025  2024  (Decrease)  (Decrease) Sale Volumes:            Crude Oil (Bbls)  96,864   108,810   (11,946) (11%) Natural Gas (Mcf)  128,369   142,669   (14,300) (10%) NGL (Bbls)  17,007   23,508   (6,501) (28%) Total (Boe) (1)  135,266   156,096   (20,830) (13%)                 Crude Oil (Bbls per day)  1,053   1,183   (130) (11%) Natural Gas (Mcf per day)  1,395   1,551   (156) (10%) NGL (Bbls per day)  185   256   (71) (28%) Total (Boe per day) (1)  1,471   1,698   (227) (13%)                 Average Sale Price:               Crude Oil ($/Bbl) $63.76  $75.82  $(12.06) (16%) Natural Gas ($/Mcf)  2.94   1.23   1.71   139%NGL ($/Bbl)  24.00   26.53   (2.53) (10%)                  Net Operating Revenues (in thousands):                Crude Oil $6,176  $8,250  $(2,074) (25%) Natural Gas  377   176   201   114%N