Pedevco Corp. (PED) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
575 N. DAIRY ASHFORD HOUSTON, TX 77079 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18,515 | 29,430 | 25,930 | 8,027 | 22,415 | 3,463 | |||
| Cash and cash equivalents | 18,515 | 29,430 | 25,930 | 8,027 | 22,415 | 3,463 | |||
| Receivables | 42 | ||||||||
| Prepaid expense | |||||||||
| Other undisclosed current assets | 6,050 | 2,679 | 2,108 | 726 | 4,675 | 3,362 | |||
| Total current assets: | 24,607 | 32,109 | 28,038 | 8,753 | 27,090 | 6,825 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 316 | 71 | 173 | 270 | 360 | ✕ | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | (107,070) | (98,288) | (88,219) | (81,064) | (31,759) | 60,462 | |||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 91,593 | 80,147 | 66,467 | 66,998 | 91,848 | ||||
| Regulated entity, other noncurrent assets | 287 | ||||||||
| Other noncurrent assets | 2,443 | 3,783 | 3,543 | 3,543 | 3,598 | 238 | |||
| Other undisclosed noncurrent assets | 108,169 | 98,288 | 87,932 | 81,064 | 31,759 | ||||
| Total noncurrent assets: | 95,451 | 84,001 | 70,183 | 70,811 | 95,806 | 60,700 | |||
| TOTAL ASSETS: | 120,058 | 116,110 | 98,221 | 79,564 | 122,896 | 67,525 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 15,292 | 15,391 | 4,080 | 515 | 14,071 | 7,900 | |||
| Accounts payable | 6,580 | 1,556 | 2,626 | 212 | 12,099 | 4,509 | |||
| Accrued liabilities | 8,712 | 13,835 | 1,454 | 303 | 1,972 | 3,391 | |||
| Debt | 288 | 97 | |||||||
| Asset retirement obligation | 147 | 472 | 49 | 234 | 225 | 119 | |||
| Other undisclosed current liabilities | 3,460 | 1,099 | 1,052 | 941 | 827 | 831 | |||
| Total current liabilities: | 18,899 | 16,962 | 5,181 | 1,978 | 15,220 | 8,850 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 81 | 277 | 300 | ||||||
| Long-term debt, excluding current maturities | 82 | ||||||||
| Liabilities, other than long-term debt | 2,393 | 2,689 | 1,476 | 1,673 | 1,874 | 10,265 | |||
| Asset retirement obligations | 2,166 | 2,689 | 1,476 | 1,673 | 1,874 | 2,571 | |||
| Due to related parties | ✕ | ✕ | 7,694 | ||||||
| Operating lease, liability | 227 | 81 | 195 | 300 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 31,438 | ||||||||
| Total noncurrent liabilities: | 2,393 | 2,689 | 1,557 | 1,950 | 2,174 | 41,703 | |||
| Total liabilities: | 21,292 | 19,651 | 6,738 | 3,928 | 17,394 | 50,553 | |||
| Equity | |||||||||
| Equity, attributable to parent | 98,766 | 96,459 | 91,483 | 75,636 | 105,502 | 16,972 | |||
| Common stock | 87 | 86 | 84 | 72 | 71 | 16 | |||
| Additional paid in capital | 225,156 | 223,114 | 220,984 | 203,850 | 201,027 | 101,450 | |||
| Accumulated deficit | (126,477) | (126,741) | (129,585) | (128,286) | (95,596) | (84,494) | |||
| Total equity: | 98,766 | 96,459 | 91,483 | 75,636 | 105,502 | 16,972 | |||
| TOTAL LIABILITIES AND EQUITY: | 120,058 | 116,110 | 98,221 | 79,564 | 122,896 | 67,525 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 30,784 | 30,034 | 15,860 | 8,059 | 12,972 | 4,523 | ||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 30,784 | 30,034 | 15,860 | 8,059 | 12,972 | 4,523 | ||
| Operating expenses | (26,714) | (27,404) | (19,532) | (41,881) | (24,239) | (13,527) | ||
| Other operating expense, net (Other Expenses) | ||||||||
| Other undisclosed operating income (loss) | (4,268) | 1,805 | 1,040 | |||||
| Operating income (loss): | (198) | 2,630 | (1,867) | (33,822) | (10,227) | (9,004) | ||
| Nonoperating income (expense) | 462 | 214 | 568 | 1,132 | (875) | 62,611 | ||
| Investment income, nonoperating | 117 | 15 | 40 | 55 | ||||
| Other nonoperating income | 462 | 180 | 1,094 | |||||
| Interest and debt expense | 373 | (2) | (824) | 70,309 | ||||
| Income (loss) from continuing operations before income taxes: | 264 | 2,844 | (926) | (32,692) | (11,926) | 123,916 | ||
| Income tax expense | (95,000) | |||||||
| Income (loss) from continuing operations: | 264 | 2,844 | (95,926) | (32,692) | (11,926) | 123,916 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (95,926) | (32,692) | (11,926) | 123,916 | |
| Other undisclosed net income (loss) | 94,627 | 2 | 824 | (70,309) | ||||
| Net income (loss) attributable to parent: | 264 | 2,844 | (1,299) | (32,690) | (11,102) | 53,607 | ||
| Other undisclosed net income available to common stockholders, basic | 6,000 | |||||||
| Net income (loss) available to common stockholders, basic: | 264 | 2,844 | (1,299) | (32,690) | (11,102) | 59,607 | ||
| Other undisclosed net income available to common stockholders, diluted | 1,299 | |||||||
| Net income (loss) available to common stockholders, diluted: | 264 | 2,844 | (0) | (32,690) | (11,102) | 59,607 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 264 | 2,844 | (1,299) | (32,690) | (11,102) | 53,607 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 264 | 2,844 | (1,299) | (32,690) | (11,102) | 53,607 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.