HighPeak Energy, Inc. Announces First Quarter 2024 Financial and Operating Results [Yahoo! Finance]
HighPeak Energy, Inc. (HPK)
Company Research
Source: Yahoo! Finance
Highlights First Quarter 2024 Sales volumes averaged 49,729 barrels of crude oil equivalent per day (“Boe/d”), consisting of 80% crude oil and 91% liquids, representing a 34% increase over first quarter 2023. Lease operating expenses, excluding expense workovers, were reduced for the fourth consecutive quarter to $6.30 per Boe, representing a 26% decrease from the first quarter 2023. Net income was $6.4 million, or $0.05 per diluted share, and EBITDAX (a non-GAAP financial measure defined and reconciled below) was $233.3 million, or $1.63 per diluted share. Adjusted net income (a non-GAAP financial measure defined and reconciled below) was $48.3 million, or $0.37 per diluted share. The Company generated free cash flow (a non-GAAP financial measure defined and reconciled below) of $48.0 million, an increase of 42% compared with the fourth quarter 2023. The Company utilized its free cash flow to reduce debt by $30 million, increase its quarterly dividend by 60% to $0.04 per
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HPK
News
- Is the Options Market Predicting a Spike in HighPeak (HPK) Stock? [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. (NASDAQ:HPK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. Announces First Quarter 2024 Financial and Operating ResultsGlobeNewswire
- Is HighPeak Energy (HPK) a Great Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. (HPK) Expected to Beat Earnings Estimates: Can the Stock Move Higher? [Yahoo! Finance]Yahoo! Finance
HPK
Earnings
- 5/8/24 - Miss
HPK
Sec Filings
- 5/9/24 - Form 8-K
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- HPK's page on the SEC website