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Pedevco (PED) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Pedevco (PED) Q2 2026 earnings results →

Q2 2026 Revenue up 561% year over year to $46.1M · 38¢ of every $1 of revenue kept as net profit · operating margin 33.3%

Pedevco made $46.1M in Q2 2026 (+561% Y/Y): Oil Sales $42.4M, Natural Gas Liquids Sales $2.7M, Natural Gas Sales $1.1M. Operating margin 33.3%, net earnings $17.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$46.1M
Year over year+561%
Operating margin33.3%
Net earnings$17.5M
Operating cash flow$15.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $46.1M in Q2 2026, up 561% year over year and up 15% from the previous quarter. Oil Sales was the largest line at 92% of revenue. Oil Sales added $36.2M year over year (up 586%), 93% of the total change.

Operating profit was $15.4M, a 33.3% margin (up 65.5 points year over year). Total costs grew 234% against revenue growth of 561%. The fastest-growing cost line was Other operating costs (+264%). Net earnings were $17.5M. The effective tax rate was 5.6%.

Operating cash flow was $15.3M, 88% of net earnings. Non-cash charges added back $10.2M of depreciation and amortization and $412K of share-based compensation. Working capital and other items used $12.7M. Capital expenditures of $3.5M left free cash flow of $11.8M.

Quarterly history

Pedevco revenue by quarterPedevco revenue by quarter$10.6MQ4 2024$8.7MQ1 2025$7.0MQ2 2025$7.0MQ3 2025$23.1MQ4 2025$40.2MQ1 2026$46.1MQ2 2026
Pedevco net earnings by quarterPedevco net earnings by quarter$5.9MQ4 2024$140KQ1 2025−$1.7MQ2 2025−$325KQ3 2025−$8.5MQ4 2025−$25.6MQ1 2026$17.5MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$46.1M+561%33.3%$17.5M$15.3M
Q1 202610-QMay 14, 2026$40.2M+360%16.7%−$25.6M$10.5M
Q4 202510-KMar 31, 2026$23.1M+118%-21.3%−$8.5M−$2.1M
Q3 202510-QNov 14, 2025$7.0M-23%-12.0%−$325K$7.4M
Q2 202510-QAug 14, 2025$7.0M-41%-32.2%−$1.7M−$420K
Q1 202510-QMay 15, 2025$8.7M+8%1.7%$140K$5.9M
Q4 202410-KMar 31, 2025$10.6M+57%-12.8%$5.9M$4.2M

Charts

Pedevco: revenue growth, year over year and quarter over quarterPedevco: revenue growth, year over year and quarter over quarterY/YQ/Q+57%Q4 2024+8%-17%Q1 2025-41%-20%Q2 2025-23%0%Q3 2025+118%+232%Q4 2025+360%+74%Q1 2026+400%+15%Q2 2026
Latest (Q2 2026): Y/Y +400%, Q/Q +15%.
Pedevco: where the cash came from (+) and went (−), TTM to Q2 2026Pedevco: where the cash came from (+) and went (−), TTM to Q2 2026Other investing−$150MOther financing$120MOperating cash flow$31.1MCash drawn (+) / kept (−)−$928K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Pedevco: profit against cash, quarter by quarterPedevco: profit against cash, quarter by quarterNet incomeOperating cash flow$2.9M$8.3MQ3 2024$5.9M$4.2MQ4 2024$140K$5.9MQ1 2025−$1.7M−$420KQ2 2025−$325K$7.4MQ3 2025−$8.5M−$2.1MQ4 2025−$25.6M$10.5MQ1 2026$17.5M$15.3MQ2 2026
Latest (Q2 2026): Net income $17.5M, Operating cash flow $15.3M.
Pedevco: diluted shares by fiscal yearPedevco: diluted shares by fiscal year72MFY202080MFY202186MFY202287MFY202389MFY20245MFY2025
-93.6% since FY2020: buybacks shrank the count.
Pedevco in its industry: growth against margin (79 companies, SIC 1311)Pedevco in its industry: growth against margin (79 companies, SIC 1311)revenue growth, year over year →↑ operating marginmedian +24%median 20%EOGOXYDVNFANGEXEPARROVVSMPREQTCHRDARContinental Resources, IncCRGYMTDRMURRRCVNOMTALOCNXMGYCRCHESMKOSPHXE-PBKVCRKGPORNOGMNRAESIREPXGRNTINRGTETTIWTIBDCOEGYDECREIBSMPROPKRPVTSTXOSDAMPYDMLPBATLPNRGWHKEPMEPSNEnergy 11, L.P.ANNAEPEnergy Resources 12, L.P.EONRRSRVBRNAGIGEverflow Eastern Partners LPBSINMXCSPNDRKDAROYLTPETCJAXCKXNRISBRLLGBRNUAIALTXNext Bridge Hydrocarbons, Inc.OKMNPED (+300%, 33%)
Crude Petroleum & Natural Gas; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Pedevco

We were originally incorporated in September 2000 as Rocker & Spike Entertainment, Inc. In January 2001 we changed our name to Reconstruction Data Group, Inc., and in April 2003 we changed our name to Verdisys, Inc. and were engaged in the business of providing satellite services to agribusiness. In June 2005, we changed our name to Blast Energy Services, Inc. (“ Blast ”) to reflect our new focus on the energy services business, and in 2010 we changed the direction of the Company to focus on the acquisition of oil and gas producing properties.

In its own words, from its 10-K, filed Mar 31, 2026.

Pedevco against its Crude Petroleum & Natural Gas peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +561% against the peers' median +52%. Operating margin: 33.3% against the peers' median 33.3%.

CompanyQuarterRevenueY/YOp. margin
PED PedevcoQ2 2026$46.1M+561%33.3%
EOG EOG ResourcesQ3 2026$8.5B+46%41.9%
OXY Occidental PetroleumQ2 2026$8.1B+53%48.5%
DVN Devon EnergyQ3 2026$6.9B+58%18.3%
FANG Diamondback EnergyQ3 2026$5.4B+38%46.0%
EXE Expand EnergyQ3 2026$3.3B+11%19.5%
PARR PAR Pacific HoldingsQ3 2026$3.1B+52%15.5%
OVV OvintivQ3 2026$2.6B+26%33.7%
SM SM EnergyQ3 2026$2.2B+167%10.9%

Source: Pedevco 10-Q on SEC EDGAR · CIK 1141197 · Crude Petroleum & Natural Gas

13F: who owns PED and who is buying

Largest holders of PED (13F)Largest holders of PED (13F)Juniper Capital Advisors, L.P.$92.4MVanguard Capital Management LLC$2.5MBlackRock$1.7MMorgan Stanley$1.6MGeode Capital Management, LLC$500KAmerican Century Companies$274KUBS Group AG$266KNuveen, LLC$172KVanguard Fiduciary Trust$164KState Street$152K
Funds' net buying of PED by quarter (13F)Funds' net buying of PED by quarter (13F)$112M2026-03$5.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PED

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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