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Stock impact report

HighPeak Energy, Inc. Announces First Quarter 2021 Results

HighPeak Energy, Inc. (HPK) 
Company Research Source: GlobeNewswire
FORT WORTH, Texas, May 17, 2021 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the first quarter 2021. Presentation slides accompanying this earnings release are available on the Company’s website at www.highpeakenergy.com. The Company completed its business combination on August 21, 2020 and consequently, the following operational and financial data refer to the three months ended March 31, 2021 (the “Successor period”) and the three months ended March 31, 2020 (the “Predecessor period”). First Quarter 2021 Highlights  ?First quarter 2021 sales volumes of 5,290 barrels of oil equivalent per day (“Boe/d”), including 4,735 barrels of oil per day, or approximately 90% oil, equates to increased production of 270% compared with the first quarter 2020 and 59% compared with average 2021 fourth quarter sales volumes of 3,332 Boe/d.    ?Net income of $4.7 million, or $0.05 per share, compared with Show less Read more
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