# EDGAR Filing Document

**Accession Number:** 0001141197
**File Stem:** 0001654954-26-002476
**Filing Date:** 2026-3
**Character Count:** 18720
**Document Hash:** 863ab5a9a00bfb7fb829ae24cadca9f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-26-002476.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0001654954-26-002476

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20260319

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260319

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PEDEVCO CORP
- **CENTRAL INDEX KEY:** 0001141197
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 223755993
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35922
- **FILM NUMBER:** 26772553

**BUSINESS ADDRESS:**
- **STREET 1:** 575 N. DAIRY ASHFORD
- **STREET 2:** ENERGY CENTER II, SUITE 210
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079
- **BUSINESS PHONE:** 855-733-3826

**MAIL ADDRESS:**
- **STREET 1:** 575 N. DAIRY ASHFORD
- **STREET 2:** ENERGY CENTER II, SUITE 210
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLAST ENERGY SERVICES, INC.
- **DATE OF NAME CHANGE:** 20050610

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VERDISYS INC
- **DATE OF NAME CHANGE:** 20010523

?xml version='1.0' encoding='ASCII'? ped_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): **<u>March 19, 2026</u>**

---

| |
|:---|
| **PEDEVCO CORP.** |
| **(Exact name of registrant as specified in its charter)** |

---

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| | | |
|:---|:---|:---|
| **Texas** | **001-35922** | **22-3755993** |
| **(State or other jurisdiction of** <br>**incorporation or organization)** | **(Commission**<br>**file number)**  | **(IRS Employer** <br>**Identification No.)** |

---

---

| | |
|:---|:---|
| **575 N. Dairy Ashford, Suite 210**<br>**Houston, Texas** | **77079** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant's telephone number, including area code: <u>(713) 221-1768</u>**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.001 par value per share | PED | NYSE American |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02 Results of Operations and Financial Condition.**

On March 19, 2026, PEDEVCO Corp. (the "Company") issued a press release announcing certain preliminary financial results for the quarter and year ended December 31, 2025. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

These preliminary financial results are based on the Company's current estimate of its results for the quarter and year ended December 31, 2025, have not been reviewed or audited by the Company's independent registered accounting firm who does not express an opinion or provide any other form of assurance with respect to these preliminary financial results, which remain subject to the Company's financial statement closing procedures. The press release does not present all necessary information for an understanding of the Company's financial condition as of the date of the release, or its results of operations for the quarter or year ended December 31, 2025. As the Company completes its quarter-end/year-end financial close process and finalizes its financial statements for the quarter/year, it will be required to make significant judgments in a number of areas. It is possible that the Company may identify items that require it to make adjustments to the preliminary financial information in the press release and those changes could be material. Accordingly, undue reliance should not be placed on this preliminary data. The Company does not intend to update such financial information prior to the release of its final quarter-end/year-end financial statement information for the quarter and year ended December 31, 2025.

The information furnished in this Current Report, including <u>Exhibit 99.1</u>, will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and will not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

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| | |
|:---|:---|
| [99.1\*](ped_ex991.htm) | [Press Release dated March 19, 2026](ped_ex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

\* Furnished herewith.

*The inclusion of any website address in this Form 8-K, and any exhibit thereto, is intended to be an inactive textual reference only and not an active hyperlink. The information contained in, or that can be accessed through, such website is not part of or incorporated into this Form 8-K.*

***Forward-Looking Statements***

The press release furnished as <u>Exhibit 99.1</u> to this Current Report on Form 8-K contains forward-looking statements within the safe harbor provisions under the federal securities laws, including The Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and assumptions. These forward-looking statements relate to the Company's current expectations and are subject to the limitations and qualifications set forth in the press release as well as in the Company's other filings with the Securities and Exchange Commission, including, without limitation, the Company's preliminary results for the quarter and year ended December 31, 2025, and whether actual financial results for the quarter and year ended December 31, 2025, will differ materially from the preliminary results, and that actual events and/or results may differ materially from those projected in such forward-looking statements. These statements also involve known and unknown risks, which may cause the results of the Company and its subsidiaries to be materially different than those expressed or implied in such statements, as described in greater detail in the press release furnished as <u>Exhibit 99.1</u>. Accordingly, readers should not place undue reliance on any forward-looking statements. Forward-looking statements may include comments as to the Company's beliefs and expectations as to future financial performance, events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the Company's control. More information on potential factors that could affect the Company's financial results is included from time to time in the "<u>Cautionary Note Regarding Forward-Looking Statements,</u>" "<u>Risk Factors</u>" and "<u>Management's Discussion and Analysis of Financial Condition and Results of Operations</u>" sections of the Company's periodic and current filings with the SEC, including the Form 10-Qs and Form 10-Ks, filed with the SEC and available at www.sec.gov and the Company's website at https://www.PEDEVCO.com/ped/sec_filings, and specifically including the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as otherwise provided by law.

2<br>

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **PEDEVCO CORP.** | **PEDEVCO CORP.** |
| Date: March 19, 2026 | By:  | /s/ *J. Douglas Schick* |
|  |  | J. Douglas Schick |
|  |  | President and Chief Executive Officer |

---

3<br>

## Exhibit 99.1

**EXHIBIT 99.1**

![](ped_ex991img3.jpg)

**PEDEVCO Reports Preliminary Fourth Quarter and Full Year 2025** 

**Results Following Transformational Juniper Merger**

*Record Preliminary\* Q4 and Full Year 2025 Financial Results*

*Q4 Revenue Rose over 2x to $22.5 – 23.5 Million*

*Q4 Adj. EBITDA Grew Nearly 3x to $14.5 – 15.5 Million*

*Q4 Average Daily Production grew ~140% to 5 – 5.5 Mboe/d*

*Earnings Results and 2026 Financial Outlook to Be Discussed on Wednesday, April 1, 2026, at 11:00 a.m. Eastern time*

**Houston, TX – March 19, 2026 –** PEDEVCO Corp. ("PEDEVCO" or the "Company") (NYSE American: PED), a domestic energy company engaged in the acquisition and development of strategic, high growth energy projects in the Rocky Mountain region, today announced preliminary financial results for the fourth quarter and full year ended December 31, 2025.

**Fourth Quarter and Full Year 2025 Preliminary Financial Results**

The following ranges are based on preliminary, unaudited estimates, and the Company expects to report final audited results within these ranges:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **4Q24** | **4Q25** | **∆% \*** | **FY24** | **FY25** | **∆% \*** |
| Average Daily Production (Mboe/d) | 2.2  | 5.0 – 5.5  | **~141%** | 1.8  | 2.4 – 2.5  | **~34%** |
| GAAP Total Revenues ($M) | 10.6  | 22.5 – 23.5  | **~117%** | 39.6 | 45.0 – 46.0 | **~15%** |
| Adjusted EBITDA ($M) \*\* | 5.1  | 14.5 – 15.5 | **~196%** | 22.9 | 26.5 – 27.5 | **~18%** |

---

*\*The percentages shown represent the year-over-year change calculated using the midpoint of the estimated ranges.*

*\*\*Non-GAAP measure.*

J. Douglas Schick, President and Chief Executive Officer of PEDEVCO, stated, "2025 was a transformational year for PEDEVCO as we executed our development program and closed the Juniper merger in the fourth quarter, significantly expanding our Rockies footprint, production base and earnings power. Our fourth quarter results began to reflect the new scale of the business, with revenue more than doubling to approximately $23 million and Adjusted EBITDA nearly tripling to approximately $15 million. Importantly, these results reflect only a partial quarter of contribution from the acquired assets following the October 31 closing, demonstrating the significant earnings capacity of the combined platform going forward.

"Alongside the merger, our 2025 development program materially expanded our production base, adding approximately 1,800 barrels per day of incremental production — a 123% increase compared to our standalone production prior to the Juniper transaction. With many of these wells coming online late in the fourth quarter and into early 2026, PEDEVCO is entering the year with meaningfully higher production levels and a deep inventory of development opportunities.

![](ped_ex991img2.jpg)

"As we look ahead, we believe the work completed in 2025 has positioned PEDEVCO for a step-change in financial performance. With higher production levels and the realization of meaningful post-merger operational synergies, we expect the Company's earnings power to increase substantially in 2026."

\*The financial information in this press release is preliminary, unaudited, based on currently available information, and subject to adjustment in the final financial statements to be filed with the Company's Annual Report on Form 10-K for the twelve months ended December 31, 2025.

**Earnings Conference Call** 

PEDEVCO management will host a conference call on Wednesday, April 1, 2026, at 11:00 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2025, followed by a question-and-answer period. The conference call details are as follows:

Date: Wednesday, April 1, 2026

Time: 11:00 a.m. Eastern time

Dial-in registration link: <u>here</u>

Live webcast registration link: <u>here</u>

The conference call will also be available for replay in the Events section of the Company's website, along with the transcript, at <u>https://www.pedevco.com/investors</u>.

If you have any difficulty registering for or connecting to the conference call, please contact Elevate IR at <u>PED@elevate-ir.com</u>.

**About PEDEVCO Corp.**

PEDEVCO Corp. (NYSE American: PED) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in the United States. The Company's principal assets are its Rockies Assets located in the D-J Basin of Wyoming and Northern Colorado and the Powder River Basin in Wyoming. The Company also holds assets in the Permian Basin located in eastern New Mexico. PEDEVCO is headquartered in Houston, Texas. More information about PEDEVCO can be found at <u>www.pedevco.com</u>.

**Cautionary Statement Regarding Forward-Looking Statements**

![](ped_ex991img1.jpg)

**Preliminary Financial and Operating Results**

The financial information in this press release is preliminary, unaudited, based on currently available information, and subject to adjustment in the final financial statements to be filed with the Company's Annual Report on Form 10-K for the year ended December 31, 2025. The preliminary results set forth above reflect preliminary, unaudited estimates based solely on currently available information, which is subject to change. Such preliminary results are subject to the finalization of year-end financial and accounting procedures. While carrying out such procedures, PEDEVCO may identify items that would require it to make adjustments to the preliminary estimates of financial results set forth herein. As a result, PEDEVCO's actual financial results could differ from the information set forth herein and such differences could be material. Moreover, preliminary and estimated financial results should not be viewed as a substitute for PEDEVCO's full annual financial statements for the year ended December 31, 2025, which will be prepared in accordance with U.S. GAAP.

**Non-GAAP Financial Measures**

We have included Adjusted EBITDA in this Report as a supplement to generally accepted accounting principles in the United States of America ("<u>GAAP</u>") measures of performance to provide investors with an additional financial analytical framework which management uses, in addition to historical operating results, as the basis for financial, operational and planning decisions and present measurements that third parties have indicated are useful in assessing the Company and its results of operations. "Adjusted EBITDA" represents EBITDA, less share-based compensation, loss on sale of oil and gas properties, net, and gain on sale of fixed assets. Adjusted EBITDA excludes certain items that we believe affect the comparability of operating results and can exclude items that are generally non-recurring in nature or whose timing and/or amount cannot be reasonably estimated. Adjusted EBITDA is presented because we believe it provides additional useful information to investors due to the various noncash items during the period. Adjusted EBITDA is also frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: Adjusted EBITDA does not reflect cash expenditures, future requirements for capital expenditures, or contractual commitments; EBITDA and Adjusted EBITDA does not reflect changes in, or cash requirements for, working capital needs; and Adjusted EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on debt or cash income tax payments. For example, although depreciation and amortization are noncash charges, the assets being depreciated and amortized will often have to be replaced in the future, and Adjusted EBITDA does not reflect any cash requirements for such replacements. Additionally, other companies in our industry may calculate Adjusted EBITDA differently than PEDEVCO Corp. does, limiting its usefulness as a comparative measure. You should not consider Adjusted EBITDA in isolation, or as a substitute for analysis of the Company's results as reported under GAAP. The Company's presentation of this measure should not be construed as an inference that future results will be unaffected by unusual or nonrecurring items. We compensate for these limitations by providing a reconciliation of this non-GAAP measure to the most comparable GAAP measure. We encourage investors and others to review our business, results of operations, and financial information in their entirety, not to rely on any single financial measure, and to view this non-GAAP measure in conjunction with the most directly comparable GAAP financial measure.

**Media Contact:**

PEDEVCO Corp.

(713) 221-1768

<u>PR@pedevco.com</u>

**Investor Relations Contact:**

Sean Mansouri, CFA or Laurent Weil

Elevate IR

(720) 330-2829

<u>PED@elevate-ir.com</u>