NASDAQ$HPK

HighPeak Energy Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported increased production and financial results for the fourth quarter of 2021.

HighPeak Energy, Inc. reported strong fourth-quarter results, marked by increased production and significant financial growth. The company's performance reflects its successful development strategies and operational efficiencies.

  • Total oil and gas production increased to 104,000 barrels of oil equivalent (BOE) per day.
  • Net income for the quarter reached $222.9 million, a substantial increase from prior periods.
  • The company continued to expand its acreage position, enhancing its development potential.
  • HighPeak Energy focused on cost management and operational improvements, contributing to profitability.

Headline financials

Total Revenue

$98.7M

Previous: $11.6M+753.1%
EPS (adj)

$0.35

Previous: -$0.05+752.9%
Average Daily Sales Volumes

104.0K

Previous: 7.5K+1279.5%
Net Income

$223M

Previous: -$25.1M+988.0%
Operating Income

$234M

Previous: -$6.82M+3533.5%
Gross Profit

$61M

Previous: $1.41M+4243.1%
Cash & Equivalents

$34.9M

Previous: $19.6M+78.3%
Total Assets

$819M

Previous: $538M+52.2%
Stock-Based Comp

$3.78M

Previous: $15.8M-76.0%

Revenue & EPS history

HighPeak Energy · Revenue · Quarterly

$98.7M

Q4 2021+753.1%vs Q4 2020
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Forward guidance

HighPeak Energy anticipates continued growth and operational success, focusing on strategic development and financial discipline.

Tailwinds

  • Expected increase in production capacity through ongoing drilling and completion activities.
  • Continued focus on cost efficiencies and operational improvements.
  • Strategic expansion of acreage position to enhance long-term growth prospects.
  • Strong financial position to support development plans.
  • Positive outlook for oil and gas prices.

Headwinds

  • Potential for operational delays due to weather or logistical challenges.
  • Uncertainty in commodity prices could impact revenue and profitability.
  • Increased competition in the Permian Basin.
  • Regulatory changes could affect drilling permits and environmental compliance.
  • Supply chain disruptions could increase costs and delay project timelines.

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 Q4 2021

Historical avgQ4 2021

+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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