HPK Earnings Prediction
The chart below shows how HPK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HPK sees a +5.95% change in stock price 10 days leading up to the earnings, and a -2.07% change 10 days following the report. On the earnings day itself, the stock moves by -0.15%. This data can give you a slight idea of what to expect for the next quarter's release.
HPK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
271.58M
-21.42%
-1.34%
Gross Margin
36.67%
-32.72%
-12.06%
Operating Margin
27.65%
-34.91%
-14.95%
Net Margin
18.39%
63.90%
70.28%
EPS
0.35
25.00%
66.67%
No Data Available
HPK Earnings Analysis
HighPeak Energy, Inc. Common Stock Corporation (HPK.O) Earnings Conference Call
Positive
Free Cash Flow Success: 1. Consistent Free Cash Flow Generation: HighPeak Energy has achieved positive free cash flow for five consecutive quarters, allowing for substantial debt reduction and share buybacks.
Production Guidance Increase: 2. Increased Production Guidance: The company raised its full-year 2024 production guidance to a range of 48,000 to 51,000 BOEs per day, reflecting a 10% increase compared to the initial guidance.
Production Volume Surge: 3. Strong Production Volumes: In Q3 2024, HighPeak averaged over 51,000 barrels of oil per day, surpassing previous quarter averages despite operational challenges from a major storm.
Superior Operational Efficiency: 4. High EBITDAX per BOE: HighPeak's EBITDAX per BOE was reported at $45.68, which is over 65% higher than the peer group average, showcasing superior operational efficiency.
Cost Management Success: 5. Cost Reduction Achievements: The company's drilling and completions costs are currently running 9% below Q1 levels, demonstrating effective cost management and operational optimization.
Negative
Storm Impact on Production: 1. Production Disruption: A major storm caused a loss of approximately 800 high oil cut BOEs per day during Q3, impacting overall production volumes.
Rising Operating Expenses: 2. Increased Operating Expenses: Lease operating expenses ran higher than expected due to remedial work associated with storm damage, affecting cost management efforts.
Customer Acquisition Stagnation: 3. Limited Customer Growth: Despite strong operational performance, there was no mention of new customer acquisitions or growth in customer base during the quarter.
Debt Stability Issues: 4. Debt Management Concerns: Although free cash flow was positive, the company did not specify the total debt amount, raising concerns about long-term financial stability.
High Capital Expenditure Outlook: 5. Capital Expenditure Guidance: The capital expenditure guidance remains high at $540 million to $580 million, indicating ongoing significant financial commitments without clear immediate returns.
HPK FAQs
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HPK Earning Call Sentiment
HighPeak Energy, Inc. (HPK) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HPK.O
-1.87%Positive
The earnings call summary indicates strong financial performance with high production volumes, positive free cash flow, and competitive EBITDAX per BOE. Despite challenges like storm impacts and regulatory risks, the company maintains a positive outlook with strategic share buybacks and operational efficiencies. The Q&A section highlights confidence in de-risking strategies and potential for growth, although some responses lacked clarity. Given the market cap of $1.8 billion, the stock is likely to experience a positive movement of 2% to 8% over the next two weeks.
