earnings
confidence high
sentiment neutral
materiality 0.75
HighPeak Energy Q2 net income $31.8M; production up 92% YoY; raises $151.2M equity
HighPeak Energy, Inc.
2023-Q2 EPS reported
$0.64
revenue$464,554,000
- Sales volumes 42,207 Boe/d (+13% QoQ, +92% YoY); Q3-to-date >50,000 Boe/d.
- Net income $31.8M ($0.25 diluted EPS); EBITDAX $185.0M ($1.45 diluted).
- Realized price $62.68/boe (85% of NYMEX WTI); cash margin $49.48/boe (79%).
- Completed public equity offering on Jul 21: 14.8M shares, net proceeds $151.2M.
- Board declared $0.025/share quarterly dividend, payable Aug 25, 2023.