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Sep 30, 2023

HighPeak Energy Q3 2023 Earnings Report

HighPeak Energy reported results for Q3 2023

Key Takeaways

HighPeak Energy, Inc. reported a net loss of $20.4 million, or $0.19 per share, for the third quarter of 2023. Adjusted EBITDA for the quarter was $104.9 million. Average daily production was 96.4 MBOE/d.

Net loss of $20.4 million, or $0.19 per share

Adjusted EBITDA of $104.9 million

Average daily production of 96.4 MBOE/d

Pro forma average daily production of approximately 106.0 MBOE/d

Total Revenue
$346M
Previous year: $204M
+69.3%
EPS
$0.49
Previous year: $0.85
-42.4%
Average Daily Production
96.4K
Gross Profit
$170M
Previous year: $131M
+29.1%
Cash and Equivalents
$152M
Previous year: $34.3M
+342.6%
Free Cash Flow
-$91.9M
Total Assets
$3.05B
Previous year: $1.89B
+60.9%

HighPeak Energy

HighPeak Energy

Forward Guidance

The company provided forward guidance, but the details were not available in the provided document.