HighPeak Energy Q3 net income $107.9M; production up 19% QoQ; Q4 to date up 63%

HighPeak Energy, Inc.

2022-Q3 EPS reported $1.40 revenue$497,771,000

Net income $107.9M ($0.85 diluted EPS); EBITDAX $169.7M (+25% QoQ).
Q3 net sales 26,247 Boe/d (+19% QoQ); Q4 to date avg ~35,750 Boe/d (+63% vs Q2).
Realized price $84.53/boe; cash margin $72.01/boe (85% of realized price).
Post-quarter: borrowing base raised to $550M; issued $225M of 10.625% Senior Notes due 2024.
Acreage expanded 68% to over 105,000 net acres; $85M equity private placement closed in Q3.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HighPeak Energy, Inc. reported the third quarter ended September 30, 2022 results: net income $107.9 million.

Period: the third quarter ended September 30, 2022
Net income: $107.9 million
Result: reported results

Exact text from the filing

HighPeak reported net income of $107.9 million for the thir

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Source: SEC EDGAR

accession 0001437749-22-027260

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