NASDAQ$HPK

HighPeak Energy Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter 2022 results and provided operational updates.

HighPeak Energy reported a strong third quarter in 2022, with net sales volumes averaging 26,247 Boe/d, a 19% increase compared to the second quarter, and EBITDAX reaching $169.7 million, a 25% increase. The company's acreage position increased by approximately 68% since year-end 2021, reaching over 105,000 net acres. Production has continued to increase significantly since the end of the third quarter and has averaged approximately 35,750 Boe/d to date during the fourth quarter.

  • Third quarter net sales volumes averaged 26,247 Boe/d, a 19% increase compared with second quarter 2022.
  • Fourth quarter sales volumes to date have averaged approximately 35,750 Boe/d, an increase of approximately 63% compared with second quarter 2022.
  • EBITDAX associated with third quarter 2022 net sales volumes was $169.7 million, a 25% increase compared with second quarter 2022.
  • As of September 30, 2022 the Company had over 105,000 net acres, an increase of approximately 68% compared with year-end 2021.

Headline financials

Total Revenue

$204M

Previous: $47.5M+330.0%
EPS (adj)

$0.85

Previous: $0.08+962.5%
Capital Expenditures

-$983M

Previous: -$208M-373.1%
Free Cash Flow

-$876M

Previous: -$200M-338.1%
Net Income

$108M

Previous: $8.05M+1240.9%
Operating Income

$118M

Previous: $22M+438.8%
Gross Profit

$131M

Previous: $25.1M+423.7%
Cash & Equivalents

$34.3M

Previous: $12M+187.0%
Total Assets

$2.04B

Previous: $714M+186.2%
Stock-Based Comp

$10.7M

Previous: $905K+1077.3%

Revenue & EPS history

HighPeak Energy · Revenue · Quarterly

$204M

Q3 2022+330%vs Q3 2021
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

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 Q3 2022

Historical avgQ3 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%

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