Pedevco Corp. (PED) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.115 Good afternoon and welcome to the Devco Corp.'s second quarter 2026 earnings 00:00:05.115 -- 00:00:09.619 conference call. All participants are in listening mode. 00:00:09.619 -- 00:00:13.062 After the prepared remarks, we will open the call for questions. 00:00:13.062 -- 00:00:16.766 I would now like to turn the call over to Laurent Wao of Elevate IR. 00:00:16.766 -- 00:00:19.206 Please go ahead. 00:00:19.668 -- 00:00:22.200 Thank you, operator, and good afternoon, everyone. 00:00:22.200 -- 00:00:26.423 Welcome to Pedevco's second quarter 2026 earnings call. 00:00:26.423 -- 00:00:30.987 With me today are Doug Schick, President and Chief Executive Officer, R.T. 00:00:30.987 -- 00:00:36.651 Dukes, Chief Operating Officer, and Bobby Long, Chief Financial Officer. 00:00:36.651 -- 00:00:41.515 Before we begin, I'd like to remind everyone that today's discussion includes forward-looking 00:00:41.515 -- 00:00:46.779 statements within the meaning of the federal securities laws, subject to risks and uncertainties 00:00:46.779 -- 00:00:50.997 that could cause actual results to differ materially from expectations. 00:00:50.997 -- 00:00:56.001 For more information, please refer to our second quarter 2026 form 10Q and 00:00:56.001 -- 00:00:58.062 other SEC filings. 00:00:58.062 -- 00:01:03.226 The company undertakes no obligation to update or revise any forward-looking statements. 00:01:03.226 -- 00:01:07.810 During today's call, we will discuss certain non-GAAP financial measures including adjusted 00:01:07.810 -- 00:01:14.005 EBITDA and working capital excluding derivative contract assets and liabilities. 00:01:14.005 -- 00:01:19.109 Reconciliations to the most directly comparable GAAP measures are available in 00:01:19.109 -- 00:01:24.173 o...