NASDAQ$HPK
HighPeak Energy Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
HighPeak Energy reported mixed Q2 2023 results, with increased production and revenue but a net loss.
HighPeak Energy, Inc. reported a net loss of $25.3 million for Q2 2023, compared to a net income of $132.5 million in Q2 2022. Despite the net loss, the company saw an increase in production to 108.4 MBoe/d and an increase in revenue to $261.4 million.
- Reported a net loss of $25.3 million, a significant decrease compared to the net income of $132.5 million in the same quarter last year.
- Increased production to 108.4 MBoe/d, demonstrating operational growth.
- Revenue increased to $261.4 million, driven by higher production volumes.
- Realized pricing averaged $71.21 per barrel of oil and $1.42 per Mcf of natural gas.
Headline financials
Revenue & EPS history
HighPeak Energy · Revenue · Quarterly
$241M
Forward guidance
HighPeak Energy anticipates continued growth and development in the Permian Basin.
Tailwinds
- Focus on operational efficiency to enhance production rates.
- Continued development in the core acreage of the Permian Basin.
- Aim to increase shareholder value through strategic growth.
- Plans to optimize well spacing and completion techniques.
- Committed to maintaining a strong balance sheet.
Headwinds
- Subject to fluctuations in commodity prices.
- Exposed to potential increases in operating costs.
- Faces risks associated with drilling and production activities.
- Vulnerable to changes in regulatory environment.
- Dependent on the availability of capital resources.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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% |
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