NASDAQ$HPK

HighPeak Energy Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported increased production and revenue amidst operational challenges.

HighPeak Energy, Inc. reported a net loss of $10.9 million, or $0.11 per share, for the first quarter of 2022. Despite operational challenges, the company increased production and revenue.

  • Increased production despite weather-related and operational challenges.
  • Achieved record daily production rates in late March.
  • Continued focus on cost control and operational efficiencies.
  • Advanced infrastructure development to support future growth.

Headline financials

Total Revenue

$92.2M

Previous: $25.7M+258.6%
EPS (adj)

-$0.17

Previous: $0.05-440.0%
Average Daily Sales Volumes

9.4K

Previous: 8.3K+12.7%
Capital Expenditures

-$171M

Previous: -$45.2M-279.4%
Free Cash Flow

-$188M

Previous: -$40.4M-364.8%
Net Income

-$16.5M

Previous: $4.74M-448.0%
Operating Income

$54.6M

Previous: $5.91M+823.1%
Gross Profit

$60.8M

Previous: $8.86M+585.5%
Cash & Equivalents

$35.9M

Previous: $9.64M+272.0%
Total Assets

$1.14B

Previous: $564M+102.8%
Stock-Based Comp

$3.98M

Previous: $966K+311.6%

Revenue & EPS history

HighPeak Energy · Revenue · Quarterly

$92.2M

Q1 2022+258.6%vs Q1 2021
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Forward guidance

HighPeak Energy anticipates continued growth and development in the Permian Basin, focusing on operational efficiencies and infrastructure improvements to drive future production and profitability.

Tailwinds

  • Expected growth in production volumes.
  • Continued infrastructure development.
  • Focus on operational efficiencies.
  • Potential for increased profitability.
  • Ongoing development in the Permian Basin.

Headwinds

  • Potential weather-related disruptions.
  • Operational challenges.
  • Commodity price volatility.
  • Increased operating costs.
  • Uncertainty in future drilling results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.2%

Avg return

Earnings day

-1.3%

Avg return

5 days after

+6.5%

Avg return

30 days after

46%

13 / 28 earnings

Positive

+15.9%

Q3 2024

Best reaction

-11.9%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.0%-12.1%+11.5%
Q4 2025-2.7%+14.5%+8.4%
Q3 2025-1.0%-7.3%-0.2%
Q1 2025+3.4%-1.2%+14.0%
Q4 2024-7.4%+1.4%-28.3%
Q3 2024+15.9%+13.6%+16.5%
Q2 2024+7.0%+11.4%-0.8%
Q1 2024+9.2%-2.8%-3.5%
Q4 2023+1.2%-5.8%-1.0%
Q3 2023-3.4%-7.5%-15.2%
Q2 2023-2.8%-0.8%+5.4%
Q1 2023+1.2%-13.8%-6.3%
Q4 2022-10.7%-19.5%-16.6%
Q3 2022+6.2%-2.2%-12.5%
Q2 2022-0.8%-1.4%+14.3%
Q1 2022+8.5%-1.5%+25.8%
Q4 2021-11.0%-9.4%-7.0%
Q3 2021-2.0%-0.1%+5.7%
Q2 2021-3.3%-18.3%-14.3%
Q1 2021+5.0%+9.3%+17.6%
Q4 2020-11.9%-6.7%+13.2%
Q3 2020+13.8%+22.2%+151.1%
Q2 2020+0.5%+0.9%+1.1%
Q1 2020+0.5%+0.7%+0.9%
Q4 2019+0.0%+0.0%+0.7%
Q3 2019+0.0%-0.1%+0.1%
Q2 2019+0.3%+0.2%+0.3%
Q1 2019+0.0%+0.3%+0.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro