NASDAQ$HPK

HighPeak Energy Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

HighPeak Energy reported results for Q3 2023

HighPeak Energy, Inc. reported a net loss of $20.4 million, or $0.19 per share, for the third quarter of 2023. Adjusted EBITDA for the quarter was $104.9 million. Average daily production was 96.4 MBOE/d.

  • Net loss of $20.4 million, or $0.19 per share
  • Adjusted EBITDA of $104.9 million
  • Average daily production of 96.4 MBOE/d
  • Pro forma average daily production of approximately 106.0 MBOE/d

Headline financials

Total Revenue

$346M

Previous: $204M+69.3%
EPS (adj)

$0.49

Previous: $0.85-42.4%
Average Daily Sales Volumes

96.4K

No prior period
Capital Expenditures

-$850M

Previous: -$983M+13.5%
Free Cash Flow

-$811M

Previous: -$876M+7.3%
Net Income

$38.8M

Previous: $108M-64.1%
Operating Income

$146M

Previous: $118M+23.5%
Gross Profit

$170M

Previous: $131M+29.1%
Cash & Equivalents

$152M

Previous: $34.3M+342.0%
Total Assets

$2.99B

Previous: $2.04B+46.4%
Stock-Based Comp

$14.1M

Previous: $10.7M+31.9%

Revenue & EPS history

HighPeak Energy · Revenue · Quarterly

$346M

Q3 2023+69.3%vs Q3 2022
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Forward guidance

The company provided forward guidance, but the details were not available in the provided document.

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 2023

Historical avgQ3 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

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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