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Mar 31, 2021

HighPeak Energy Q1 2021 Earnings Report

HighPeak Energy reported results for Q1 2021

Key Takeaways

HighPeak Energy, Inc. reported a net loss of $13.7 million for the first quarter of 2021. The company's average daily production was 8,344 barrels of oil equivalent (BOE) per day, with 77% oil.

Reported net loss of $13.7 million, or $0.14 loss per share.

Achieved average daily production of 8,344 BOE per day (77% oil).

Drilled 6 horizontal wells and completed 10 horizontal wells.

Reduced lease operating expense (LOE) to $4.98 per BOE.

Total Revenue
$25.7M
Previous year: $4.62M
+456.3%
EPS
$0.05
Previous year: -$0.883
-105.7%
Average Daily Production
8.34K
Gross Profit
$8.86M
Previous year: -$1.43M
-719.8%
Cash and Equivalents
$9.64M
Total Assets
$564M

HighPeak Energy

HighPeak Energy