Highpeak Energy Inc
NASDAQ:HPK

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Highpeak Energy Inc
NASDAQ:HPK
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Price: 14.44 USD 1.91% Market Closed
Market Cap: 1.8B USD

Highpeak Energy Inc
Investor Relations

Highpeak Energy Inc. is a dynamic player in the oil and natural gas exploration sector, operating predominantly in the vibrant Midland Basin of the Permian Basin, one of the most prolific oil regions in the United States. The company, through a blend of seasoned expertise and strategic exploration, delves into the subsurface layers, unearthing rich deposits of hydrocarbons. Highpeak's operations revolve around acquiring, exploring, developing, and producing oil and natural gas properties. The Midland Basin, where Highpeak's primary ventures unfold, offers geological diversity, which the company adeptly navigates to optimize its drilling programs and well completions. This operational keenness allows Highpeak to harness the potential of its assets efficiently, driving both production levels and company growth.

Revenue generation for Highpeak Energy emerges from selling the crude oil and natural gas it extracts. Leveraging pipeline infrastructure and favorable market conditions, the company markets its production to refiners, marketers, and other buyers. Highpeak's financial viability is intertwined with the prevailing oil prices and its ability to manage operational costs, making market volatility both a challenge and an opportunity. The company's keen emphasis on optimizing production techniques and maintaining cost discipline is vital in maximizing profit margins. By continuously exploring new opportunities within its asset base and strategically expanding its portfolio, Highpeak Energy aims to solidify its standing within the fiercely competitive energy industry, adjusting to market dynamics while capitalizing on technological advancements in exploration and production.

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Earnings Calls

2024 Q3
Nov 5, 2024
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HighPeak Energy Sees Production Growth and Operational Efficiency
2024 Q3
Nov 5, 2024

HighPeak Energy reported a strong Q3, achieving average production over 51,000 barrels of oil per day, surpassing guidance. They raised their full-year 2024 production guidance to 48,000-51,000 BOEs per day, reflecting a 10% increase from previous estimates. The company generated positive free cash flow for the fifth consecutive quarter, using funds to pay down debt while initiating a share buyback program. With a commitment to operational excellence, HighPeak's EBITDAX per BOE reached $45.68, 65% higher than peers. The company remains focused on enhancing shareholder value through strategic initiatives and optimal cost structures, reinforcing its competitive position in the Midland Basin.

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Management

Mr. Michael L. Hollis
President & Director
No Bio Available
Mr. Steven W. Tholen
Chief Financial Officer
No Bio Available
Mr. Keith E. Forbes
VP & Chief Accounting Officer
No Bio Available
Dr. Alan R. Huffman
Executive VP & CTO
No Bio Available

Contacts

Address
TEXAS
Fort Worth
421 W. 3Rd Street, Suite 1000
Contacts