HighPeak Energy (NASDAQ:HPK) Full Year 2024 Results
Key Financial Results
- Revenue: US$1.07b (down 3.8% from FY 2023).
- Net income: US$85.9m (down 56% from FY 2023).
- Profit margin: 8.0% (down from 18% in FY 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: US$0.69 (down from US$1.64 in FY 2023).
HPK Production and Reserves
Oil reserves- Proven reserves: 135.271 MMbbls.
- Proven reserves: 177.654 Bcf.
- Proven reserves: 34.118 MMbbls.
- Oil equivalent production: 18.285 MMboe (16.635 MMboe in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
HighPeak Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 12%.
Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.8%.
Performance of the American Oil and Gas industry.
The company's shares are down 9.4% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with HighPeak Energy (including 1 which shouldn't be ignored).
If you're looking to trade HighPeak Energy, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.
With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.
Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.
Sponsored ContentValuation is complex, but we're here to simplify it.
Discover if HighPeak Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGM:HPK
HighPeak Energy
An independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico.
Moderate growth potential and slightly overvalued.
Market Insights
Community Narratives
