Stonegate Capital Partners Initiates Coverage on Pedevco Corp. (NYSE: PED)

<p class='reportable-dateline'><strong>Dallas, Tx -- April 7, 2026</strong></p><p class='reportable-excerpt'>DALLAS, TX -- April 7th, 2026 -- Pedevco Corp. (NYSE: PED): Stonegate Capital Partners Initiates Coverage on Pedevco Corp. (NYSE: PED). PEDEVCO exited FY25 as a much larger, oil-weighted Rockies platform following the Juniper merger. For FY25, production increased 35% y/y to 910.1 Mboe (2,494 Boe/d), revenue rose 16% to $45.8M, and adjusted EBITDA increased 18% to $27.0M despite a 19% decline in realized crude oil prices. Reported earnings moved to a net loss of $(10.4)M (vs. net income of $12.3M in FY24), driven by merger costs, accelerated share-based compensation, new interest expense, a note write-off, and tax expense. In 4Q25, the first quarter reflecting the combined platform, production increased 143% y/y to 483.2 Mboe (5,310 Boe/d), revenue more than doubled to $23.1M, and adjusted EBITDA nearly tripled to $15.4M. Management emphasized that the quarter included only two months of acquired contribution, making normalized earnings power the better lens, while the merger-close bridge to 6,500+ Boe/d and roughly over 310,000 net acres helps frame the larger earnings base now embedded in the portfolio.</p><p>To view the full announcement, including downloadable images, bios, and more, <a href='https://stonegateinc.reportablenews.com/pr/stonegate-capital-partners-initiates-coverage-on-pedevco-corp-nyse-ped' class='reportable-link'>click here</a>.</p><div class='reportable-key-takeaways'><h3>Key Takeaways:</h3><ul><li>4Q25 only included two months of acquired assets, yet production rose 143% y/y and adj. EBITDA nearly tripled.</li><li>PED now has 32.1 MMBoe of proved reserves, $357.7M PV-10, and 1,000+ locations beyond proved reserves.</li><li>$10M-$13M of optimization work could reduce LOE by up to $1M/month, supporting meaningful margin upside.</li></ul></div><a href='https://stonegateinc.reportablenews.com/pr/stonegate-capital-partners-initiates-coverage-on-pedevco-corp-nyse-ped'><img src='https://cdn.filestackcontent.com/kZnf9gGvQPmNQtt0w4ld' class='reportable-featured-image' /><p align='center'><i>Click image above to view full announcement.</i></p></a><hr class='company-boilerplate-rule' style='border: 0; border-top: 1px solid rgba(0,0,0,0.1);'><p class='company-boilerplate'><div><strong>About Stonegate<br></strong>Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.</div></p><div class='reportable-contacts'><h3>Contacts:</h3><p class='reportable-contact'>Stonegate Capital Partners<br>(214) 987-4121 <br><a href='mailto:info@stonegateinc.com'>info@stonegateinc.com</a></p></div><p>Source: <a href='https://stonegateinc.reportablenews.com/'>Stonegate, Inc.</a></p><p>Distributed by: <a href='https://reportablenews.com'>Reportable, Inc.</a></p>