Highpeak Energy，Inc Stock Price, News & Analysis

HighPeak Energy, Inc. (HPK) announced its Q2 2022 results, reporting an 83% increase in net sales volumes to 21,995 Boe/d, primarily driven by a significant acquisition of 18,600 net acres from Hannathon Petroleum. Pro forma EBITDAX for the quarter was approximately $155 million, with net income of $77.6 million, a 150% rise from Q1. The company increased its borrowing base from $138.8 million to $400 million. Additionally, HighPeak plans to sustain a six-rig drilling program through 2022 and mitigate costs via local sand projects and electrification, enhancing operational efficiency.

HighPeak Energy, Inc. (NASDAQ: HPK) announced plans to release its second quarter 2022 financial and operational results on August 8, 2022, after trading hours. A conference call will be held on August 9, 2022, at 10:00 a.m. Central Time to discuss the results and operational highlights. Investors can access the call through HighPeak Energy’s website or via a registered link. This event is crucial for stakeholders to evaluate the company's performance and future outlook in the competitive oil and gas sector.

HighPeak Energy, Inc. (NASDAQ: HPK) declared a quarterly dividend of $0.025 per share, set to be paid on August 25, 2022, to shareholders on record by the close of business on August 1, 2022. This decision reflects the company's ongoing commitment to provide returns to its investors. HighPeak, based in Fort Worth, Texas, specializes in the acquisition and development of oil and natural gas reserves in the Midland Basin, solidifying its position within the energy sector.

HighPeak Energy, Inc. (NASDAQ: HPK) has successfully closed the acquisition of Howard County assets from Hannathon Petroleum, LLC on June 27, 2022. The cash component of the deal was approximately $237 million, with equity consideration set at around 3.5 million shares of Common Stock. This acquisition is expected to enhance HighPeak's operational presence in the Signal Peak region, promoting development and efficiency improvements. Additionally, the company's bank group, led by Fifth Third Bank, has increased its borrowing base to $400 million, reflecting enhanced financial support for future growth.

HighPeak Energy, Inc. reported first quarter 2022 results, showing average net production exceeding 28,000 Boe/d after the Hannathon acquisition. This marks a substantial increase from 12,052 Boe/d in Q1 2022. The company targets six drilling rigs and forecasts 2023 production between 62,000 and 72,000 Boe/d. Despite a net loss of $16.5 million, EBITDAX reached $51.1 million. Capital expenditures are projected at $825-$900 million. The company maintains flexibility in its capital plan amidst ongoing global uncertainties.

HighPeak Energy (NASDAQ: HPK) announced it will release its first quarter 2022 financial results after market close on May 16, 2022. A conference call is scheduled for May 17, 2022, at 10:00 a.m. CT to discuss these results and operational highlights. Investors can join the call by dialing (833) 362-0226 from the US or (914) 987-7683 internationally, using confirmation code 8847326. A live broadcast will be available on the company's website, with a replay accessible afterward.

HighPeak Energy, Inc. (NASDAQ: HPK) announced its acquisition of Howard County assets from Hannathon Petroleum for $255 million in cash and approximately 3.78 million shares. This strategic move is expected to enhance HighPeak's growth strategy, adding 150 net locations and 18,600 acres to its holdings around Signal Peak. The company anticipates improved cash flow and production growth, with projected average production rising to 32,000 – 37,500 Boe/d in 2022. The acquisition, which is expected to close in Q3 2022, demonstrates HighPeak's commitment to expanding its market presence.

HighPeak Energy, Inc. (NASDAQ: HPK) announced a quarterly dividend of $0.025 per share on April 13, 2022. This dividend is set to be paid on May 25, 2022, to shareholders registered by the close of business on May 2, 2022. The company, based in Fort Worth, Texas, specializes in the acquisition and development of oil and natural gas reserves in the Midland Basin of West Texas, emphasizing its commitment to generating returns for its investors.

HighPeak Energy, Inc. (HPK) reported strong fourth quarter 2021 results, with production increasing by 81% to 14,881 Boe/d. The year-end PV-10 reserve value surged to approximately $1.5 billion, with proved reserves rising 185% to 64.2 MMBoe. The company plans to operate four drilling rigs and is actively acquiring new properties, adding about 9,500 net acres. HighPeak's financials showed EBITDAX of $72.4 million for Q4 2021 and net income of $37 million. The company remains flexible amid fluctuating market conditions and is positioned for growth despite geopolitical uncertainties.