PEDEVCO Corp. reported unaudited financial results for the second quarter ended June 30, 2026, showing a significant increase in revenue and net income compared to the prior year period. Revenue rose 561% to $46.1 million, driven by higher production volumes from assets acquired in the October 2025 Juniper Merger and increased average realized oil prices. Net income was $17.5 million, or $1.31 per share, compared to a net loss of $1.7 million in Q2 2025. Adjusted EBITDA increased 516% to $18.7 million. Average daily production reached 6,801 Boe/d, up 348% year-over-year. The company reduced borrowings under its credit facility from $98 million to $85 million and plans to drill over 20 gross wells in the second half of 2026. PEDEVCO Corp. is an energy company engaged in the acquisition and development of strategic oil and gas assets in the Rocky Mountain region.
