HighPeak Energy reports Q4 EPS 19c, consensus 13c

HighPeak reported net income of $9M for the fourth quarter of 2024, or 6c per diluted share, and EBITDAX of $179.4M , or $1.27 per diluted share. HighPeak reported adjusted net income of $28.2M for the fourth quarter of 2024, or 19c per diluted share. Fourth quarter average realized prices were $70.46 per Bbl of crude oil, $22.30 per Bbl of NGL and $0.29 per Mcf of natural gas, resulting in an overall realized price of $50.83 per Boe, or 72% of the weighted average of NYMEX crude oil prices, excluding the effects of derivatives. HighPeak’s cash costs for the fourth quarter were $11.48 per Boe, including lease operating expenses of $6.81 per Boe, workover expenses of 50c per Boe, production and ad valorem taxes of $2.87 per Boe and G&A expenses of $1.30 per Boe. As a result, the Company’s unhedged EBITDAX per Boe was $39.35 per Boe, or 77% of the overall realized price per Boe for the quarter, excluding the effects of derivatives. HighPeak’s fourth quarter 2024 capital expenditures to drill, complete, equip, provide facilities and for infrastructure were $152.5 million. Hedging Crude oil.