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Dec 31, 2024
HighPeak Energy Q4 2024 Earnings Report
HighPeak Energy reported steady production and profitability in Q4 FY24, despite lower realized oil prices.
Key Takeaways
HighPeak Energy's Q4 FY24 revenue reached $234.8 million, primarily driven by crude oil sales. Net income was $9.0 million, with an EPS of $0.06. Adjusted net income stood at $28.2 million, or $0.19 per share. Average daily production was 50.2 thousand barrels of oil equivalent per day, a slight increase year-over-year.
Q4 revenue was $234.8 million, with crude oil sales contributing $232.9 million.
Average daily production reached 50.2 thousand barrels of oil equivalent per day.
Net income was $9.0 million, with an EPS of $0.06.
Adjusted net income was $28.2 million, or $0.19 per share.
HighPeak Energy
HighPeak Energy
HighPeak Energy Revenue by Segment
Revenue by Segment
Crude Oil Sales Revenue
CapyFin.comNGL and Natural Gas Sales Revenue
CapyFin.com Forward Guidance
HighPeak Energy expects stable production in 2025 while maintaining capital discipline with a two-rig drilling program and optimizing cash flow.
Positive Outlook
- Production expected to remain between 47,000 and 50,500 Boe/d in FY25.
- Continued capital discipline with a reduced drilling budget.
- Expansion of low-pressure gas gathering and power distribution infrastructure.
- Increased inventory in primary drilling zones supports future growth.
- Maintained strong cash flow and shareholder returns through dividends and buybacks.
Challenges Ahead
- Lower realized oil prices impacting revenue growth.
- Potential cost inflation in drilling and completion activities.
- Market volatility could impact capital allocation decisions.
- Increased debt servicing costs affecting profitability.
- Regulatory uncertainties in the energy sector.
Revenue & Expenses
Visualization of income flow from segment revenue to net income