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HighPeak Energy (HPK)
NASDAQ:HPK
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Earnings Data
Report Date
Mar 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.15Last Year’s EPS
$0.66Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 7.87%
|Next Earnings Date:Mar 10, 2025
Earnings Call Sentiment|Positive
The earnings call presented a robust performance with significant production increases, financial efficiency, and strategic advancements, despite minor operational setbacks due to a storm.Company Guidance
During HighPeak Energy's Q3 2024 earnings call, CEO Jack Hightower highlighted several key metrics reflecting the company's strong performance and future guidance. HighPeak increased its full-year production guidance to a range of 48,000 to 51,000 barrels of oil equivalent per day (BOE/d), marking a 5% increase from the previous guidance and a 10% rise from the initial 2024 forecast. The company reported production volumes averaging over 51,000 barrels of oil per day during the quarter, despite operational challenges from a severe storm. HighPeak maintained its EBITDAX per BOE at $45.68, converting 80% of its realized price per BOE into cash, and achieved its fifth consecutive quarter of positive free cash flow. The company reaffirmed its lease operating expense and capital expenditure guidance, with expected CapEx between $540 million and $580 million. Operational efficiencies have led to a 9% reduction in drilling, completion, equipping, and facilities costs compared to Q1 2024. These metrics underscore HighPeak's focus on optimizing shareholder value through robust operational performance and strategic capital management.Strong Production and Operational Success
HighPeak achieved average production volumes of over 51,000 barrels of oil per day, surpassing first and second quarter averages even with a moderated 2-rig development program.
Positive Free Cash Flow and Debt Reduction
HighPeak generated positive free cash flow for the fifth consecutive quarter, using it to reduce absolute debt and execute an opportunistic share buyback program.
Increase in Production Guidance
Production guidance for 2024 increased by over 5% from prior guidance in August and 10% from the initial 2024 guide, driven by strong well performance and production optimization.
Cost Efficiency and EBITDAX Leadership
HighPeak's EBITDAX per BOE remained strong at $45.68 and was over 65% higher than the peer group average, thanks to a very oily mix and low operational expenses.
Successful Middle Spraberry and Wolfcamp A Wells
The Kallus Middle Spraberry well and Judith Wolfcamp A well showed strong performance, with max oil IPs of 1,500 and 1,700 barrels of oil per day respectively, indicating significant inventory potential.
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HPK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HPK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $13.02 | $14.48 | +11.21% |
| Aug 05, 2024 | $14.00 | $13.74 | -1.86% |
| May 08, 2024 | $14.23 | $15.59 | +9.56% |
| Mar 06, 2024 | $15.81 | $14.28 | -9.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HighPeak Energy (HPK) report earnings?
HighPeak Energy (HPK) is schdueled to report earning on Mar 10, 2025, TBA Not Confirmed.
What is HighPeak Energy (HPK) earnings time?
HighPeak Energy (HPK) earnings time is at Mar 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HPK EPS forecast?
HPK EPS forecast for the fiscal quarter 2024 (Q4) is $0.15.
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