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HighPeak Energy (HPK)
NASDAQ:HPK
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: 7.20%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by HighPeak Energy with significant achievements in production growth, reserve increases, and cost efficiency. However, the high interest expense on the term loan and slightly higher fourth quarter CapEx were notable challenges. The company is optimistic about its future outlook with plans to improve its capital structure and maintain operational efficiency.Company Guidance
During HighPeak Energy's fourth-quarter 2024 earnings call, CEO Jack Hightower highlighted the company's significant achievements and laid out guidance for 2025. In 2024, HighPeak managed to increase production by 10% year-over-year while reducing capital expenditures by 40% compared to 2023. The company also reduced lease operating expenses by 17% on a BOE basis and decreased absolute debt by $120 million, with plans to pay down an additional $30 million by the end of March 2025. For 2025, HighPeak aims to maintain capital discipline with a 20% lower capital budget while keeping production volumes flat. The company expects to further improve corporate efficiency and increase levered free cash flow by optimizing its capital structure, potentially lowering interest expenses significantly. HighPeak plans to continue shareholder-friendly initiatives such as maintaining dividends and opportunistically buying back shares. The company's 2025 plan includes a focus on co-developing high-return zones and connecting newly acquired acreage to its infrastructure, anticipating a 29% increase in proved reserves from 2023.Increased Production and Efficiency
HighPeak Energy achieved a 10% increase in production year over year, exceeding initial expectations of flat production volumes. This was achieved alongside a capital spend that was 40% less than in 2023.
Proved Reserves Growth
Proved reserves increased by almost 30% by year-end 2023, with a 36% increase in proved developed reserves, despite using lower SEC guideline prices for 2024.
Reduction in Lease Operating Expenses
There was a 17% decrease in lease operating expenses on a BOE basis, attributed to efficient infrastructure and operations.
Debt Reduction and Shareholder Initiatives
HighPeak reduced absolute debt by $120 million, paid $22 million in dividends, and repurchased approximately 2.4 million shares, totaling $177 million in shareholder-friendly initiatives.
Operational Improvements and Cost Reductions
The company realized efficiency gains in drilling and completion, leading to more work being done with the same number of rigs, and expects a further 20% reduction in capital budget for 2025.
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HPK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HPK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $11.81 | $10.94 | -7.37% |
| Nov 04, 2024 | $12.98 | $14.44 | +11.25% |
| Aug 05, 2024 | $13.95 | $13.70 | -1.79% |
| May 08, 2024 | $14.19 | $15.54 | +9.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does HighPeak Energy (HPK) report earnings?
HighPeak Energy (HPK) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is HighPeak Energy (HPK) earnings time?
HighPeak Energy (HPK) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HPK EPS forecast?
HPK EPS forecast for the fiscal quarter 2025 (Q1) is 0.32.
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