HighPeak Energy, Inc. Announces Third Quarter 2024 Financial and Operating Results FORT WORTH, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter and nine months ended September 30, 2024, and provided updated 2024 production guidance. Highlights Third Quarter 2024 Sales volumes averaged 51,346 barrels of crude oil equivalent per day (“Boe/d”), consisting of 88% liquids (crude oil and NGL), representing a 6% increase over the second quarter 2024.Net income was $49....
HighPeak Energy, Inc. Announces 2024 Third Quarter Earnings Release and Conference Call Dates FORT WORTH, Texas, Oct. 15, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ: HPK) (“HighPeak Energy”), today announced that it plans to release its 2024 third quarter financial and operating results after the close of trading on Monday, November 4, 2024. HighPeak Energy will host a conference call and webcast on Tuesday, November 5, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 third quarter financial results and operational highlights. Participants may re...
HighPeak Energy, Inc. Announces Second Quarter 2024 Financial and Operating Results FORT WORTH, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter and the six months ended June 30, 2024, and provided updated 2024 guidance. HighlightsSecond Quarter 2024 Sales volumes averaged 48,531 barrels of crude oil equivalent per day (“Boe/d”), consisting of 89% liquids (crude oil and NGL), representing a 15% increase over the second quarter 2023.Lease operating expenses were $6.79...
We are updating our estimates to reflect actual 2Q24 NYMEX reference prices of $80.66/bbl for oil and $2.32/MMBtu for natural gas. Oil accounts for 78% of our 2Q24 oil production estimate and 98% of our 2Q24 revenue estimate. Management’s FY24 production outlook is 43.0-47.0 MBOE/d (Figure 1). 1Q24 production averaged 49.7 MBOE/d (80% oil). HighPeak carried three operating rigs into January before falling back to two operated rigs in 1Q24. The activity cadence is expected to result in capital s...
HighPeak Energy, Inc. Announces 2024 Second Quarter Earnings Release and Conference Call Dates FORT WORTH, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ: HPK) (“HighPeak Energy”), today announced that it plans to release its 2024 second quarter financial and operating results after the close of trading on Monday, August 5, 2024. HighPeak Energy will host a conference call and webcast on Tuesday, August 6, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 second quarter financial results and operational highlights. Participants may reg...
HighPeak Energy, Inc. and Priority Power Announce Commissioning of WildHorse Solar Farm FORT WORTH, Texas and MIDLAND, Texas, May 30, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or “HPK”) (NASDAQ: HPK), a leading independent oil and natural gas company, has recently completed and commissioned a new solar facility, the WildHorse Solar Farm, in its Flat Top operating area. The WildHorse Solar Farm was developed and is owned and operated by Priority Power Management (“Priority Power”), a leader in the development of decarbonizing infrastructure. Annually, this 9.9 megawatt ...
HighPeak Energy, Inc. Announces First Quarter 2024 Financial and Operating Results FORT WORTH, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter ended March 31, 2024. HighlightsFirst 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 qua...
HighPeak Energy, Inc. Announces 2024 First Quarter Earnings Release and Conference Call Dates FORT WORTH, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ: HPK) (“HighPeak Energy”), today announced that it plans to release its 2024 first quarter financial and operating results after the close of trading on Wednesday, May 8, 2024. HighPeak Energy will host a conference call and webcast on Thursday, May 9, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 first quarter financial results and operational highlights. Participants may registe...
HighPeak has pivoted its FY24 development plan to concentrate on free cash flow generation from growth. Our updated adjusted EBITDA and free cash flow estimates, incorporating NYMEX reference prices of $79.19/bbl for oil and $2.33/MMBtu for natural gas, are $858 million and $168 million, respectively. FY23 free cash flow was negative $271 million. HighPeak dropped back to two operated rigs in February 2024 from three and plans to maintain that pace along with one frac crew over the balance of FY...
HighPeak Energy, Inc. Announces Fourth Quarter and Yearend 2023 Financial and Operating Results and Provides 2024 Guidance FORT WORTH, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial 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. HighlightsFourth Quarter 2023 The Company surpassed the milestone of $1 billion in revenues in 2023 and generated free cash flow (a non-GAAP...
HighPeak Energy, Inc. Announces 2023 Fourth Quarter and Yearend Earnings Release and Conference Call Dates FORT WORTH, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ: HPK) (“HighPeak Energy”), today announced that it plans to release its 2023 fourth quarter and yearend financial and operating results after the close of trading on Wednesday, March 6, 2024. HighPeak Energy will host a conference call and webcast on Thursday, March 7, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2023 fourth quarter and yearend financial results and operat...
HighPeak declared a quarterly common stock dividend of $0.04 per share on February 5, 2024, a 60% increase from the prior dividend of $0.025 per share. The 1Q24 dividend will be paid on March 25, 2024, to shareholders of record as of March 1, 2024. The board also authorized a $75-million common stock repurchase program effective through December 31, 2024. Repurchases, if any, could be funded with available operating cash flows, working capital, and borrowings under the company’s super priority r...
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