
Pedevco (NYSEAMERICAN:PED) reported first-quarter 2026 results that management said exceeded internal expectations in the company’s first full quarter following its merger with Juniper, with higher production from DJ Basin wells driving a sharp year-over-year increase in revenue and Adjusted EBITDA.
President and Chief Executive Officer Doug Schick said production averaged 8,091 barrels of oil equivalent per day in the quarter, while revenue totaled $40.2 million and Adjusted EBITDA was $21.5 million. Schick said 31 DJ Basin wells that came online in late 2025 “mostly performed ahead of their type curves,” supporting production above the company’s internal projections.