PEDEVCO Corp. (NYSE American: PED) has released its financial results for the fourth quarter and full year ended December 31, 2025, revealing a substantial net loss of $10.4 million for the year, compared to a net income of $12.3 million in 2024. The results reflect the impact of the company's merger with Juniper Capital Advisors, which closed on October 31, 2025. The merger is expected to enhance PEDEVCO's operational scale and reserves, but the immediate financial results indicate challenges in integrating the new assets. For Q4 2025, PEDEVCO reported a revenue of $23.1 million, a significant increase from $10.6 million in Q4 2024, driven by higher production volumes. However, the company also faced increased operating expenses, including a 184% rise in lease operating costs, attributed to the newly acquired assets. The company’s average daily production reached 5,310 Boe/d, a 143% increase year-over-year. Despite these operational gains, the financial performance was marred by merger-related costs and a significant tax expense, leading to a negative net income. Looking ahead, PEDEVCO aims to optimize its asset base and reduce operating costs while pursuing further growth opportunities in the Rockies region. The company will host a conference call on April 1, 2026, to discuss these results in detail.

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