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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.
Learn more about HPK stock on TipRanks’ Stock Analysis page.
