HighPeak Energy Q1: 49,729 Boe/d (+34% YoY), free cash flow $48M, dividend up 60%

HighPeak Energy, Inc.

2024-Q1 EPS reported $0.05 revenue$287,764,000

Sales volumes averaged 49,729 Boe/d (80% crude oil, 91% liquids), up 34% YoY.
Net income $6.4M ($0.05 diluted EPS); adjusted net income $48.3M ($0.37 diluted EPS).
Free cash flow $48.0M (up 42% from Q4 2023); used $30M to reduce debt and repurchased >565,000 shares.
Quarterly dividend raised 60% to $0.04/sh; new dividend declared for June 2024.
Lease operating expenses reduced to $6.30/Boe, down 26% YoY.

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. reported the first quarter ended March 31, 2024 results: net income $6.4 million, EPS $0.05 per diluted share.

Period: the first quarter ended March 31, 2024
Net income: $6.4 million
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

HighPeak reported net income of $6.4 million for the first quarter of 2024, or $0.05 per diluted share

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HighPeak Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-015353

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