PEDEVCO (PED) investor relations material

Executive summary

• Revenue for Q2 2026 reached $46.1 million, up 561% year-over-year, driven by higher oil prices, expanded production, and the October 2025 Juniper merger.

• Net income for Q2 2026 was $17.5 million ($1.31 per share), reversing a $1.7 million loss in Q2 2025, aided by derivative gains and increased operating income.

• Adjusted EBITDA for Q2 2026 was $18.7 million, with $36.8 million generated in the first half of 2026.

• Production averaged about 6,800 BOE per day, up 348% year-over-year, totaling 618,912 BOE for the quarter.

• Enhanced development plan underway, with over 20 gross wells planned for late 2026 and early 2027.

Financial highlights

• Q2 2026 revenue: $46.1 million (up from $7.0 million in Q2 2025); six-month revenue: $86.3 million.

• Q2 2026 net income: $17.5 million; six-month net loss: $8.2 million due to derivative losses.

• Adjusted EBITDA: $18.7 million in Q2 2026; $36.8 million for six months.

• Lease operating expenses: $16.4 million in Q2 2026, flat sequentially but up year-over-year; G&A was $3.4 million, up 101% year-over-year.

• Operating income more than doubled sequentially to $15.4 million from $6.7 million.

Outlook and guidance

• Full-year 2026 adjusted EBITDA guidance reiterated at $60 million–$70 million.

• Over 20 gross wells planned for drilling or participation in late 2026 and into 2027.

• Net capital expenditures for 2026 estimated at $16–$20 million, with 90% allocated to the D-J Basin.

• Management expects sufficient liquidity for the next 12 months, supported by $12.1 million in cash and $40 million available credit.

• Capital allocation will prioritize balance sheet strength and high-return projects.