earnings
confidence high
sentiment positive
materiality 0.75
HighPeak Energy Q3 net income $49.9M; raises 2024 production guidance 10%
HighPeak Energy, Inc.
2024-Q3 EPS reported
$0.60
revenue$834,608,000
- Q3 sales volumes 51,346 Boe/d, up 6% QoQ; 88% liquids (crude oil + NGL).
- Net income $49.9M ($0.35 diluted EPS); EBITDAX $214.3M ($1.51 per share).
- Free cash flow $36.1M; reduced debt $30M in Q3, $90M YTD; repurchased >870k shares.
- Declared $0.04 quarterly dividend payable Dec 23, 2024 to holders of record Dec 2.
- Raised 2024 production guidance to 48,000–51,000 Boe/d, up 10% from original forecast.