Filing Flows › Pedevco (PED) › Q2 2026 › vs Q1 2026
Pedevco (PED) Q2 2026 vs Q1 2026 (quarter over quarter)
Pedevco's revenue rose $5.9M (+15%) from $40.2M in Q1 2026 to $46.1M in Q2 2026. The biggest changes: Oil Sales +$5.8M (+16%); Natural Gas Liquids Sales +$879K (+50%); Natural Gas Sales −$817K (-43%). Operating margin 33.3% against 16.7% (+16.6 pts).
Pedevco, Q2 2026: revenue $46.1M (+561% year over year), operating margin 33.3%, net earnings $17.5M, operating cash flow $15.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 33.3% | 16.7% | +16.6 pts |
| Net margin | 37.9% | -63.7% | +101.6 pts |
| Free cash flow margin | 25.6% | -14.8% | +40.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Oil Sales | $42.4M | $36.6M | $5.8M | +16% |
| Natural Gas Liquids Sales | $2.7M | $1.8M | $879K | +50% |
| Natural Gas Sales | $1.1M | $1.9M | −$817K | -43% |
| Revenue | $46.1M | $40.2M | $5.9M | +15% |
| Other income, net | $3.1M | −$33.2M | $36.3M | — |
| Operating profit | $15.4M | $6.7M | $8.7M | +129% |
| Costs & expenses | $30.8M | $33.5M | −$2.8M | -8% |
| Pre-tax earnings | $18.5M | −$26.5M | $45.0M | — |
| SG&A | $3.4M | $3.1M | $301K | +10% |
| Other operating costs | $27.3M | $30.4M | −$3.1M | -10% |
| Net earnings | $17.5M | −$25.6M | $43.1M | — |
| Income tax | $1.0M | −$868K | $1.9M | — |
| Depreciation & amortization | $10.2M | $12.4M | −$2.3M | -18% |
| Share-based compensation | $412K | $492K | −$80K | -16% |
| Working capital & other | $12.7M | −$23.2M | $35.9M | — |
| Operating cash flow | $15.3M | $10.5M | $4.8M | +46% |
| Free cash flow (OCF − capex) | $11.8M | −$5.9M | $17.7M | — |
| Capital expenditures | $3.5M | $16.5M | −$12.9M | -79% |
Questions
How much did Pedevco's revenue grow quarter over quarter in Q2 2026?
Pedevco's revenue rose $5.9M (+15%) from $40.2M in Q1 2026 to $46.1M in Q2 2026.
What drove Pedevco's revenue change in Q2 2026?
Oil Sales +$5.8M (+16%); Natural Gas Liquids Sales +$879K (+50%); Natural Gas Sales −$817K (-43%).