HighPeak Energy ( (HPK) ) has provided an update.
HighPeak Energy reported a successful third quarter of 2024, with a 6% increase in sales volumes, generating a net income of $49.9 million and $214.3 million in EBITDAX. The company continued to strengthen its financial position by generating positive free cash flow for the fifth consecutive quarter and reducing long-term debt. With a strategic focus on cost-efficiency and enhancing shareholder value, HighPeak increased its production guidance for 2024 and maintained its dividend payouts, positioning itself for continued growth into 2025.
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