Pedevco Q2 2024 Earnings Report

Pedevco EPS Results

• Actual EPS: $0.60
• Consensus EPS: $0.60
• Beat/Miss: Met Expectations
• One Year Ago EPS: N/A

Pedevco Revenue Results

• Actual Revenue: $11.81 million
• Expected Revenue: $9.05 million
• Beat/Miss: Beat by +$2.76 million
• YoY Revenue Growth: N/A

Pedevco Announcement Details

• Quarter: Q2 2024
• Date: 8/14/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Pedevco (NYSEAMERICAN:PED) Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean’s most prolific hydrocarbon-producing regions.

The company’s portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license. Through these assets, Pedevco engages in well drilling, completions, workovers and production operations, utilizing modern offshore fixed platforms for oil and natural gas extraction. The firm’s technical team applies reservoir management and production optimization practices to sustain and enhance field output, focusing on cost-effective development strategies and maintaining high standards of operational safety and environmental performance.

Pedevco’s operational footprint is supported by its headquarters in Houston, Texas, complemented by field offices and local partnerships in Port of Spain, Trinidad. The company works in close coordination with regulatory agencies, service providers and community stakeholders to manage its exploration and production activities. Led by a management team with extensive experience in oil and gas development, Pedevco continues to evaluate additional exploration prospects and potential acquisitions aimed at bolstering its reserve base and long-term production growth.