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Jun 30, 2021

HighPeak Energy Q2 2021 Earnings Report

Reported increased production and sales volumes, resulting in revenue growth.

Key Takeaways

HighPeak Energy, Inc. reported a strong second quarter in 2021, marked by increased production and sales volumes. This growth led to a significant rise in revenue and improved financial performance compared to the previous year.

Increased production and sales volumes during the quarter.

Revenue growth driven by higher sales volumes.

Strengthened financial performance compared to the previous year.

Focused on operational efficiencies and cost management.

Total Revenue
$48.3M
Previous year: $944K
+5013.3%
EPS
$0.06
Previous year: -$0.00032
-18850.0%
Average Daily Production
9.9K
Gross Profit
$27.2M
Previous year: -$2.7M
-1106.0%
Cash and Equivalents
$74.5M
Total Assets
$448M

HighPeak Energy

HighPeak Energy

Forward Guidance

HighPeak Energy anticipates continued growth and operational improvements in the coming periods, focusing on strategic development and financial discipline.

Positive Outlook

  • Expected increase in production volumes.
  • Anticipated higher revenue based on current market trends.
  • Continued focus on cost efficiencies.
  • Further development of key assets.
  • Commitment to financial discipline and strategic growth.

Challenges Ahead

  • Potential fluctuations in commodity prices.
  • Uncertainty in the regulatory environment.
  • Possible disruptions in supply chains.
  • Increased competition in the market.
  • Geopolitical risks affecting operations.