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HighPeak Energy Inc - HPK STOCK NEWS

Welcome to our dedicated news page for HighPeak Energy (Ticker: HPK), a resource for investors and traders seeking the latest updates and insights on HighPeak Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect HighPeak Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of HighPeak Energy's position in the market.

News
HighPeak Energy, Inc. Announces 2024 First Quarter Earnings Release and Conference Call Dates
Rhea-AI Summary
HighPeak Energy, Inc. announces the release of its 2024 first quarter financial and operating results on May 8, 2024, followed by a conference call on May 9, 2024, to discuss the results and operational highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
earnings
-
News
HighPeak Energy, Inc. Announces Fourth Quarter and Yearend 2023 Financial and Operating Results and Provides 2024 Guidance
Rhea-AI Summary
HighPeak Energy, Inc. announced financial results for Q4 2023, with revenues exceeding $1 billion and free cash flow of $33.7 million. The Company's net income was $95.0 million and EBITDAX was $241.6 million. HighPeak increased its net acreage position to 132,000 acres, completed a $100 million credit facility, and increased its quarterly dividend by 60%. The Company's 2024 outlook includes drilling 55-60 net operated wells, with a focus on capital discipline and shareholder value. HighPeak's proved reserves increased over 25% to 154.2 MMBoe, with a PV-10 of $2.9 billion. The Company's 2023 reserve replacement ratio was 295%. HighPeak's Q4 2023 sales volumes grew by 34% over Q4 2022, with 81% crude oil and 92% liquids. The Company reduced its development program to two drilling rigs and one frac crew for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.67%
Tags
earnings
-
News
HighPeak Energy, Inc. Announces 2023 Fourth Quarter and Yearend Earnings Release and Conference Call Dates
Rhea-AI Summary
HighPeak Energy, Inc. (HPK) will release its 2023 fourth quarter and yearend financial results on March 6, 2024, followed by a conference call on March 7, 2024, to discuss the results and operational highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.3%
Tags
earnings
News
HighPeak Energy, Inc. Announces Quarterly Dividend Increase and $75 Million Share Repurchase Authorization
Rhea-AI Summary
HighPeak Energy, Inc. announced a 60% increase in its quarterly dividend to $0.04 per share and a $75 million share repurchase authorization. The dividend will be paid on March 25, 2024, to stockholders of record on March 1, 2024. The stock repurchase program is the company's first since its founding and will be funded from available working capital, cash provided from operations, and borrowings under its super priority revolving credit facility. The program does not obligate the company to acquire any particular dollar amount or number of shares of its common stock and may be suspended, modified, extended, or discontinued by the Board of Directors. The program will expire on December 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
Tags
buyback dividends
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News
HighPeak Energy, Inc. Announces Third Quarter 2023 Financial and Operating Results
Rhea-AI Summary
HighPeak Energy, Inc. (NASDAQ: HPK) reported strong financial and operating results for Q3 2023. Sales volumes increased by 25% compared to Q2 2023 and 101% compared to Q3 2022. Net income was $38.8 million, and EBITDAX was $266.2 million. The company generated $75.7 million of free cash flow. HighPeak completed a $1.2 billion term loan financing and closed a $100 million credit facility for additional liquidity. The average realized price per Boe was $71.27, and cash operating margin was $59.17 per Boe. HighPeak added a third drilling rig and plans to focus on generating free cash flow and reducing debt levels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.14%
Tags
earnings
-
News
HighPeak Energy, Inc. Announces 2023 Third Quarter Earnings Release and Conference Call Dates
Rhea-AI Summary
HighPeak Energy to release 2023 Q3 financial results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
earnings
News
HighPeak Energy, Inc. Declares Quarterly Cash Dividend
Rhea-AI Summary
HighPeak Energy, Inc. declares quarterly dividend of $0.025 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.07%
Tags
dividends
-
News
HighPeak Energy, Inc. Announces the Closing of a $1.2 Billion Term Loan Financing and Company Update
Rhea-AI Summary
HighPeak Energy successfully completes transformative debt refinancing, extending debt maturities to September 2026 and increasing liquidity. Proforma liquidity at June 30, 2023, would have been approximately $200 million. Third-quarter production averaging over 50,000 Boe per day. Proved developed reserves increased approximately 50% from year-end. Planning to add a third drilling rig in the fourth quarter. Current production generates an annualized EBITDA run-rate of approximately $1.2 billion at current prices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
none
-
News
HighPeak Energy, Inc. Announces Second Quarter 2023 Financial and Operating Results
Rhea-AI Summary
HighPeak Energy, Inc. (NASDAQ: HPK) reported its financial and operating results for Q2 2023. Sales volumes increased by 13% compared to Q1 2023 and by 92% compared to Q2 2022. Net income was $31.8 million, and EBITDAX was $185.0 million. The realized price averaged $62.68 per Boe, representing 85% of the weighted average of NYMEX WTI crude oil prices. HighPeak completed a public equity offering, raising net proceeds of $151.2 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.8%
Tags
earnings
News
HighPeak Energy, Inc. Announces 2023 Second Quarter Earnings Release and Conference Call Dates
Rhea-AI Summary
HighPeak Energy, Inc. plans to release its 2023 second quarter financial and operating results on August 7, 2023. They will host a conference call and webcast on August 8, 2023, to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.26%
Tags
earnings
Stock HPK logo
HighPeak Energy Inc

Nasdaq:HPK

HPK Rankings

#1909 Ranked by Market Cap
#3587 Ranked by Stock Gains
#1786 Ranked by Dividends

HPK Stock Data

1.96B
20.67M
83.81%
19.93%
3.07%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Fort Worth

About HPK

highpeak energy, inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the united states. its primary assets are located in howard county of the midland basin, texas. the company was founded in 2019 and is headquartered in fort worth, texas.