PED — what changed in the latest 10-Q
A section-by-section comparison of PED's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-13 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −16 | ~21 | 57 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | +2 | −1 | 0 | 4 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +3 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-13
On May 19, 2026, the parties to the A&R Credit Agreement entered into a Third Amendment to Credit Agreement to increase the borrowing base and elected commitment amount from $120 million to $125 million. The redetermination of the borrowing base pursuant to the Third Amendment constituted the redete…
In connection with the closing of the Mergers, the Company drew $87 million under the A&R Credit Agreement. The Company subsequently borrowed an additional $6.0 million on January 8, 2026 and $5.0 million on February 5, 2026. The proceeds from these borrowings were used to fund the Company’s partici…
We reported net income for the three-month period ended June 30, 2026, of $17.5 million, or $1.31 per common share, compared to a net loss of $1.7 million, or ($0.37) per common share, for the three-month period ended June 30, 2025. The $19.1 million increase in net income is primarily attributable …
Total crude oil, natural gas and NGL revenues for the three-month period ended June 30, 2026, increased $39.1 million, or 561%, to $46.1 million, compared to $7.0 million for the same period a year ago. Of the total increase in revenues, $35.8 million is attributable to increased sales volumes and $…
Share-Based Compensation. Share-based compensation, which is included in general and administrative expenses in the Statements of Operations, slightly decreased when comparing periods.
Text removed vs the prior filing · source: 10-Q · 2026-05-14
In connection with the closing of the Mergers, the Company drew $87 million under the A&R Credit Agreement. The Company subsequently borrowed an additional $6.0 million on January 8, 2026 and $5.0 million on February 5, 2026. The proceeds from these borrowings were used to fund the Company’s partici…
We reported a net loss for the three-month period ended March 31, 2026, of $25.6 million, or ($3.28) per common share, compared to net income of $0.1 million, or $0.03 per share, for the three-month period ended March 31, 2025. Although revenues increased by $31.5 million in the current period compa…
Total crude oil, natural gas and NGL revenues for the three-month period ended March 31, 2026, increased $31.5 million, or 360%, to $40.2 million, compared to $8.7 million for the same period a year ago, due to a favorable volume variance of $32.2 million, offset by an unfavorable price variance of …
Share-Based Compensation. Share-based compensation, which is included in general and administrative expenses in the Statements of Operations, nominally increased when comparing periods. Share-based compensation is utilized for the purpose of conserving cash resources for use in field development act…
Net loss on derivative contracts. For the period ended March 31, 2026, the Company recorded a realized loss of $3.4 million from derivative contract settlements, primarily due to crude oil prices at settlement exceeding the fixed prices specified in the contracts. The Company also recorded an unreal…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-13
In 2022, two environmental advocacy groups filed suit against the U.S. Department of Interior and the Bureau of Land Management (“BLM”) challenging certain lease sales by the BLM beginning in December of 2017 (the “BLM Litigation”). On January 17, 2025, a three-judge panel of the Ninth Circuit Court…
On June 12, 2026, the Montana District Court ruled that certain other leases should be cancelled on the grounds that BLM had again violated the Federal Land Policy and Management Act. This portion of the case has been appealed to the Ninth Circuit Court of Appeals by at least one party. It is possib…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
In 2022, two environmental advocacy groups filed suit against the U.S. Department of Interior and the Bureau of Land Management (“BLM”) challenging certain lease sales by the BLM beginning in December of 2017 (the “BLM Litigation”). On January 17, 2025, a three-judge panel of the Ninth Circuit Court…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-13
The following information is disclosed pursuant to Item 5(a) of Part II of Form 10-Q:
Upon the consummation of the Mergers, effective October 31, 2025, a wholly-owned subsidiary of NPOG, Navigation Powder River, LLC (“NPRLLC”), became an indirect wholly-owned subsidiary of the Company. On July 31, 2025, NPRLLC and Phoenix Energy One, LLC (“Phoenix”) entered into that certain Purchase…
In the event our directors and executive officers desire to purchase or sell our shares, they are encouraged, but not required, to enter into plans or other arrangements for the purchase or sale of our shares that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or may re…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
In the event our directors and executive officers desire to purchase or sell our shares, they are encouraged, but not required, to enter into plans or other arrangements for the purchase or sale of our shares that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or may re…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice