PEDEVCO Corp. Q4 FY2025 earnings call

Doug Schick outlined the transformational 2025 with merger completion, fourth quarter adjusted EBITDA growth despite oil price decline. R.T. Dukes discussed cost optimization with $10M - $13M capital projects for LOE reduction, and operations including DJ Basin production, Permian Basin wells, and Powder River Basin potential. Bobby Long covered financial results, 2026 outlook, balance sheet, and capital program

Fourth quarter: generated $15.4 million of adjusted EBITDA on over 5,300 barrels of oil equivalent per day of production. Full year: reported a net loss of $10.4 million; 2026 outlook: projecting full year adjusted EBITDA of $60 million to $70 million

Projecting full year 2026 adjusted EBITDA $60M - $70M based on oil and gas prices; expect LOE to decline with cost optimization; 2026 capital expenditures $16M - $20M

Risks include commodity price fluctuations, development timing and returns in Permian Basin dependent on prices, cash flows and returns; permitting time differences between Colorado and Wyoming

Q: Curious about capital program, permitting, and Powder River Basin evaluation.

A: John Schick discussed flexibility to increase activity, permitting timelines in CO and WY, and ongoing asset reviews in PRB.

Q: Thoughts on optimization initiatives, M&A.

A: John Schick and R.T. Dukes talked about optimization progress, potential for more projects, and M&A appetite and opportunities