HighPeak Energy reports FY2024 net income $95.1M, EPS $0.67; 2025 production guidance 47-50.5 MBoe/d

HighPeak Energy, Inc.

Full-year 2024 sales volumes avg 50.0 MBoe/d (+10% YoY); proved reserves up 29% to 199 MMBoe.
Q4 2024 net income $9.0M ($0.06/diluted); adjusted net income $28.2M ($0.19/diluted).
Reduced long-term debt by $120M in 2024; quarterly dividend maintained at $0.04/share; share repurchase authorization extended to $75M.
2025 capital budget $448-490M (down ~20% YoY); production guidance 47,000-50,500 Boe/d.
Lease operating expenses fell 17% YoY to $7.23/Boe; Middle Spraberry zone adds 200+ sub-$50/Bbl locations.

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