HighPeak Energy Inc
HPK
ISIN US43114Q1058 / Valor 56614400
HighPeak Energy Inc
UMushroom community rating:
About company
HighPeak Energy Inc is an independent oil and natural gas company focused on the acquisition, development, and production of oil, natural gas, and NGL reserves. Led by industry veteran Jack Hightower, the company's senior management team brings extensive experience in various disciplines within the E&P industry, ensuring a well-rounded approach to business operations. Located primarily in Howard County, Texas, within the oil-rich Midland Basin, HighPeak Energy boasts the best operating margins among its Permian peers, with a contiguous position of over 100,000 net acres providing the scale and depth of inventory necessary to maximize capital and operating efficiencies.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (07.08.2024):
Sales Volumes
HighPeak Energy Inc. reported that their sales volumes for the second quarter of 2024 averaged 48,531 barrels of crude oil equivalent per day (Boe/d). This represents a 15% increase compared to the second quarter of 2023. The sales volumes consisted of approximately 89% liquids, including crude oil and natural gas liquids (NGL).
Net Income
For the second quarter of 2024, HighPeak Energy Inc. achieved a net income of $29.7 million, or $0.21 per diluted share. Additionally, the company reported an adjusted net income of $39.4 million, or $0.28 per diluted share. EBITDAX for the quarter was $215.8 million, or $1.51 per diluted share.
Free Cash Flow
HighPeak Energy Inc. generated free cash flow of $13.4 million during the second quarter of 2024. This marks the fourth consecutive quarter of positive free cash flow for the company, highlighting its strong financial performance and operational efficiency.
Dividends
During the second quarter of 2024, HighPeak Energy Inc.'s Board of Directors approved a quarterly dividend of $0.04 per share, resulting in $5.0 million in dividends paid to stockholders. Additionally, in August 2024, the Board declared another quarterly dividend of $0.04 per share, payable on September 25, 2024, to stockholders of record on September 3, 2024.
Debt Reduction
HighPeak Energy Inc. successfully reduced its long-term debt by $30 million during the second quarter of 2024. This debt reduction is part of the company's ongoing efforts to strengthen its balance sheet and enhance financial stability.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1851 M
Market cap (USD)
42,830
Daily traded volume (Shares)
14.62 / 14.28
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Tej Ram Kumpakha
EQUITIES OF THE SAME SECTOR
