HighPeak Energy Q4 net income $67.9M, production up 42% QoQ, reaffirms 2023 outlook

HighPeak Energy, Inc.

Net income $67.9M ($0.53 diluted EPS); EBITDAX $220.9M for Q4, $577.1M for FY 2022.
Q4 sales volumes averaged 37,348 Boe/d (+42% QoQ, +151% YoY); 85% oil, 94% liquids.
Year-end proved reserves 123.0 MMBoe (+92% YoY); PV-10 $3.9B using SEC pricing.
2023 guidance: production 47,000-53,000 Boe/d; total capex $1.15-1.26B.
Completed $250M senior unsecured note offering due 2024; net proceeds $223.7M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HighPeak Energy, Inc. updated its the fiscal year ended December 31, 2022 guidance (reaffirmed).

Period: the fiscal year ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

EBITDAX (a non-GAAP financial measure defined and reconciled below) was $220.9 million and $577.1 million for the three months and year ended December 31, 2022, respectively.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HighPeak Energy, Inc. reported the fourth quarter ended December 31, 2022 results: net income $67.9 million, EPS $0.53 per diluted share. Guidance reaffirmed.

Period: the fourth quarter ended December 31, 2022
Net income: $67.9 million
EPS: $0.53 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

HighPeak reported net income of $67.9 million for the fourth quarter of 2022, or $0.53 per diluted share.

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HighPeak Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-005529

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