NASDAQ$HPK

HighPeak Energy Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

HighPeak Energy reported mixed Q4 2023 results, with production increases offset by lower oil prices.

HighPeak Energy, Inc. announced its Q4 2023 financial results, demonstrating increased production volumes but facing challenges from decreased oil prices. The company's strategic focus remains on operational efficiency and disciplined capital management.

  • Increased production volumes despite weather-related downtime.
  • Realized lower oil prices impacted revenue and profitability.
  • Focus on operational efficiencies and cost management.
  • Continued development of high-quality drilling locations.

Headline financials

Total Revenue

$301M

Previous: $258M+16.8%
EPS (adj)

$0.66

Previous: $0.53+24.5%
Average Daily Sales Volumes

50.0K

Previous: 42.1K+18.7%
Capital Expenditures

-$189M

No prior period
Net Income

$1.25M

Previous: $119M-98.9%
Operating Income

$49.5M

Previous: $141M-65.0%
Gross Profit

$116M

Previous: $138M-16.4%
Stock-Based Comp

$3.86M

Previous: $4.14M-6.8%

Revenue & EPS history

HighPeak Energy · Revenue · Quarterly

$301M

Q4 2023+16.8%vs Q4 2022
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Forward guidance

HighPeak Energy anticipates continued production growth and operational efficiencies in the coming year, while remaining cautious about commodity price volatility.

Tailwinds

  • Focus on high-return drilling locations.
  • Advancements in completion techniques.
  • Operational synergies from acquisitions.
  • Strong balance sheet to support development.
  • Commitment to disciplined capital allocation.

Headwinds

  • Potential for weather-related disruptions.
  • Volatility in commodity prices.
  • Increased operating costs.
  • Uncertainty in regulatory environment.
  • Limitations in transportation capacity.

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 2023

Historical avgQ4 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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