Pedevco Corp. (PED) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.459 Good afternoon, and welcome to Pedevco Corp's first quarter 2026 earnings conference 00:00:04.459 -- 00:00:08.347 call. All participants are in listen-only mode. 00:00:08.347 -- 00:00:11.773 After the prepared remarks, we will open the call for questions. 00:00:11.773 -- 00:00:15.380 I would now like to turn the call over to Laurent Weil of Elevate IR. 00:00:15.380 -- 00:00:17.564 Please go ahead. 00:00:17.564 -- 00:00:20.169 Thank you, operator, and good afternoon, everyone. 00:00:20.169 -- 00:00:23.723 Welcome to Pedevco's first quarter 2026 earnings call. 00:00:23.723 -- 00:00:29.252 With me today are Doug Schick, President and Chief Executive Officer, Artie Dukes, 00:00:29.252 -- 00:00:34.501 Chief Operating Officer, and Bobby Long, Chief Financial Officer. 00:00:34.501 -- 00:00:39.710 Before we begin, I'd like to remind everyone that today's discussion includes forward-looking 00:00:39.710 -- 00:00:44.718 statements within the meaning of the federal securities laws, subject to risks 00:00:44.718 -- 00:00:50.605 and uncertainties that could cause actual results to differ materially from expectations. 00:00:50.605 -- 00:00:55.873 For more information, please refer to our first quarter 2026 Form 10Q 00:00:55.873 -- 00:01:01.141 and other SEC filings. The company undertakes no obligation to update 00:01:01.141 -- 00:01:06.849 or revise any forward-looking statements. During today's call, we will discuss 00:01:06.849 -- 00:01:12.478 certain non-GAAP financial measures, including adjusted EBITDA and working capital, 00:01:12.478 -- 00:01:16.458 excluding derivative contract assets and liabilities. 00:01:16.458 -- 00:01:20.824 Reconciliations to the most directly comparable GAAP measures are available in our earnings 00:01:20.824 -- ...