Pedevco Corp. (PED) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Bedevco's fourth quarter and full year 2025 earnings conference call. All participants are in a listen-only mode. After the prepared remarks, we will open the call for questions. To ask a question during this session, you'll need to press star 1-1 on your phone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 1-1 again. Today's program is being recorded. I would now like to turn the call over to Laurent Weil. of Elevate IR. Please go ahead, sir. Thank you, operator, and good morning, everyone. Welcome to Pedefco's fourth quarter and full year 2025 earnings call. With me today are Doug Schick, President and Chief Executive Officer, Archie Dukes, Chief Operating Officer, and Bobby Long, Chief Financial Officer. Before we begin, I would like to remind everyone that today's discussion includes forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially. For more information, please refer to our 2025 Form 10-K and other SEC filings. The company undertakes no obligation to update or revise any forward-looking statements. During today's call, we may discuss certain non-GAAP financial measures, including adjusted EBITDA. Reconciliation to the most directly comparable GAAP measures are available in our earnings release and 10-K filings. These non-GAAP measures should not be considered in isolation or as substitutes for GAAP results. I would also note that all per share and share count figures referenced today reflect the company's 1 for 20 reverse stock split, which became effective on March 13, 2026, and has been applied retroactively for all periods presented. As of March 27, 2026, the company had 13,300,621 shares of common stock outstan...