HighPeak Energy, Inc. - HPK STOCK NEWS

HighPeak Energy (NASDAQ: HPK) has announced the dates for its 2024 third quarter earnings release and conference call. The company plans to release its financial and operating results after the market closes on Monday, November 4, 2024. A conference call and webcast for investors and analysts will be held on Tuesday, November 5, 2024, at 10:00 a.m. Central Time to discuss the results and operational highlights.

Interested parties can register for the call through a provided link. A live audio-only webcast and replay of the earnings release conference call will be available, and a live broadcast can also be accessed on HighPeak Energy's website under the 'Investors' section.

HighPeak Energy (NASDAQ: HPK) reported strong Q2 2024 results, with average sales volumes of 48,531 Boe/d, up 15% year-over-year. The company generated net income of $29.7 million ($0.21 per diluted share) and EBITDAX of $215.8 million. HighPeak reduced long-term debt by $30 million, paid a $0.04 per share dividend, and repurchased over 413,000 shares.

The company increased its 2024 production guidance to 45,000-49,000 Boe/d and reduced lease operating expense guidance to $6.50-$7.50 per Boe. HighPeak's strategic process is progressing, with current production averaging over 52,000 Boe/d in Q3. The company has 137,000 acres with over 2,600 undrilled locations, including 1,100+ providing a 10% return at $50 per barrel.

HighPeak Energy (NASDAQ: HPK) has announced the dates for its 2024 second quarter earnings release and conference call. The company plans to release its financial and operating results after the market closes on Monday, August 5, 2024. A conference call and webcast for investors and analysts will be held on Tuesday, August 6, 2024, at 10:00 a.m. Central Time to discuss the results and operational highlights.

Interested parties can register for the call through a provided link. A live audio-only webcast and replay of the earnings release conference call will be available, and a live broadcast can also be accessed on HighPeak Energy's website under the 'Investors' section.

HighPeak Energy (HPK) and Priority Power have commissioned the WildHorse Solar Farm in Texas. The 9.9 MW facility will generate 26,806 MWs of electricity annually, powering nearly 3,700 homes and reducing over 18 million metric tons of CO2 emissions. This project helps HighPeak leverage renewable energy to lower operational costs and minimize GHG emissions without incurring capital costs for shareholders. Priority Power managed the entire development process. This initiative aligns with HighPeak's commitment to sustainable operations and fiscal responsibility amid volatile power prices in Texas.

HighPeak Energy, Inc. announced their financial and operating results for the first quarter of 2024. Sales volumes increased by 34% compared to the same quarter last year. Net income was $6.4 million, with EBITDAX of $233.3 million. The company generated free cash flow of $48.0 million and reduced debt by $30 million. They increased their quarterly dividend by 60% and repurchased over 565,000 shares. HighPeak's Board of Directors declared a quarterly dividend of $0.04 per share. The company is focused on operating with discipline, strengthening the balance sheet, and maximizing value for shareholders.

HighPeak Energy, Inc. announces the release of its 2024 first quarter financial and operating results on May 8, 2024, followed by a conference call on May 9, 2024, to discuss the results and operational highlights.

HighPeak Energy, Inc. announced financial results for Q4 2023, with revenues exceeding $1 billion and free cash flow of $33.7 million. The Company's net income was $95.0 million and EBITDAX was $241.6 million. HighPeak increased its net acreage position to 132,000 acres, completed a $100 million credit facility, and increased its quarterly dividend by 60%. The Company's 2024 outlook includes drilling 55-60 net operated wells, with a focus on capital discipline and shareholder value. HighPeak's proved reserves increased over 25% to 154.2 MMBoe, with a PV-10 of $2.9 billion. The Company's 2023 reserve replacement ratio was 295%. HighPeak's Q4 2023 sales volumes grew by 34% over Q4 2022, with 81% crude oil and 92% liquids. The Company reduced its development program to two drilling rigs and one frac crew for 2024.

HighPeak Energy, Inc. (HPK) will release its 2023 fourth quarter and yearend financial results on March 6, 2024, followed by a conference call on March 7, 2024, to discuss the results and operational highlights.

HighPeak Energy, Inc. announced a 60% increase in its quarterly dividend to $0.04 per share and a $75 million share repurchase authorization. The dividend will be paid on March 25, 2024, to stockholders of record on March 1, 2024. The stock repurchase program is the company's first since its founding and will be funded from available working capital, cash provided from operations, and borrowings under its super priority revolving credit facility. The program does not obligate the company to acquire any particular dollar amount or number of shares of its common stock and may be suspended, modified, extended, or discontinued by the Board of Directors. The program will expire on December 31, 2024.