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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,46414,13929,43027,36123,06421,837
Cash and cash equivalents12,46414,13929,43027,36123,06421,837
Other undisclosed current assets4,1085,9372,6792,9974,8214,187
Total current assets:16,57220,07632,10930,35827,88526,024
Noncurrent Assets
Operating lease, right-of-use asset18457198123149
Oil and gas property, successful effort method(103,425)(100,735)(98,288)(94,175)(92,091)(89,964)
Oil and gas property, full cost method87,31984,19280,14770,29171,11871,683
Regulated entity, other noncurrent assets    318489615
Other noncurrent assets3,8193,8213,7833,7223,5253,533
Other undisclosed noncurrent assets103,425100,73598,28893,85791,60289,349
Total noncurrent assets:91,15688,05884,00174,11174,76675,365
TOTAL ASSETS:107,728108,134116,110104,469102,651101,389
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3415,05815,3912,5392,5095,164
Accounts payable1,0193,6831,5567199823,953
Accrued liabilities1,3221,37513,8351,8201,5271,211
Asset retirement obligation6996584721110 
Other undisclosed current liabilities1,0321,0511,0991,1061,1521,124
Total current liabilities:4,0726,76716,9623,6563,6716,288
Noncurrent Liabilities
Long-term debt and lease obligation:     2151
Liabilities, other than long-term debt2,8262,6282,6892,0801,777 
Asset retirement obligations2,8262,6282,6892,0801,777 
Operating lease, liability    2151
Other undisclosed noncurrent liabilities      1,614
Total noncurrent liabilities:2,8262,6282,6892,0801,7981,716
Total liabilities:6,8989,39519,6515,7365,4698,004
Equity
Equity, attributable to parent100,83098,73996,45998,73397,18293,385
Common stock878786868585
Additional paid in capital224,148223,631223,114222,604222,133221,546
Accumulated deficit(123,405)(124,979)(126,741)(123,957)(125,036)(128,246)
Total equity:100,83098,73996,45998,73397,18293,385
TOTAL LIABILITIES AND EQUITY:107,728108,134116,110104,469102,651101,389

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues8,5488,1645,9257,4729,5477,090
Gross profit:8,5488,1645,9257,4729,5477,090
Operating expenses(7,060)(6,535)(8,793)(6,451)(6,326)(5,834)
Operating income (loss):1,4881,629(2,868)1,0213,2211,256
Nonoperating income (expense)861338458(11)83
Investment income, nonoperating 8698773343
Other nonoperating income      
Income (loss) from continuing operations:1,5741,762(2,784)1,0793,2101,339
Income before gain (loss) on sale of properties:1,0793,2101,339
Other undisclosed net income (loss)   11,256  (2,678)
Net income (loss):1,5741,7628,4721,0793,210(1,339)
Other undisclosed net income (loss) attributable to parent   (11,256)  2,678
Net income (loss) available to common stockholders, diluted:1,5741,762(2,784)1,0793,2101,339

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):1,5741,7628,4721,0793,210(1,339)
Comprehensive income (loss), net of tax, attributable to parent:1,5741,7628,4721,0793,210(1,339)

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.

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