HighPeak Energy, Inc. Announces Fourth Quarter and Yearend 2023 Financial and Operating Results and Provides 2024 Guidance [Yahoo! Finance]
HighPeak Energy, Inc. (HPK)
Company Research
Source: Yahoo! Finance
and operating results for the quarter and the year ended December 31, 2023. In addition, HighPeak provided its 2024 guidance and capital budget, as approved by its Board of Directors. Highlights Fourth Quarter 2023 The Company surpassed the milestone of $1 billion in revenues in 2023 and generated free cash flow (a non-GAAP financial measure defined and reconciled below) of $33.7 million in the fourth quarter. Sales volumes, consisting of 81% crude oil and 92% liquids, averaged 50.0 thousand barrels of crude oil equivalent per day (“MBoe/d”), representing a 34% increase over fourth quarter 2022. Volumes were approximately 3,300 Boe/d lower than expected due to weather and unscheduled midstream maintenance interruptions. Net income and EBITDAX (a non-GAAP financial measure defined and reconciled below) were $95.0 million and $241.6 million, respectively. The Company significantly increased its net acreage position to approximately 132,000 total net acres primarily through a
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HPK
News
- HighPeak Energy, Inc. (HPK) Expected to Beat Earnings Estimates: Can the Stock Move Higher? [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. Announces 2024 First Quarter Earnings Release and Conference Call DatesGlobeNewswire
- Do Options Traders Know Something About HighPeak Energy (HPK) Stock We Don't? [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. (NASDAQ:HPK) Shares Could Be 22% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- HighPeak Energy, Inc. (NASDAQ: HPK) had its price target lowered by analysts at Truist Financial Co. from $11.00 to $10.00. They now have a "sell" rating on the stock.MarketBeat
HPK
Earnings
- 3/6/24 - Beat
HPK
Sec Filings
- 4/17/24 - Form ARS
- 4/17/24 - Form DEF
- 4/17/24 - Form DEFA14A
- HPK's page on the SEC website