PEDEVCO Corp. reiterated its full-year 2026 adjusted EBITDA guidance of $60 million to $70 million during its second-quarter earnings call. The company reported revenue of $46.1 million, up 561% from the prior year, and adjusted EBITDA of $18.7 million for the quarter. Management also announced plans to drill and participate in over 20 gross wells across its asset base over the next several months, with details of the expanded capital program expected in the coming weeks. PEDEVCO repaid $13 million of debt under its revolving credit facility, reducing the outstanding balance to $85 million, and reported GAAP net income of $17.5 million, or $1.31 per share.
PEDEVCO CorpReiterated 2026 adjusted EBITDA guidance, strong revenue growth, and debt reduction.
