HighPeak Energy, Inc. (HPK) Misses Q2 EPS by 14c, Misses on Revenue

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Go back to HighPeak Energy, Inc. (HPK) Misses Q2 EPS by 14c, Misses on Revenue

HighPeak Energy, Inc. Announces Second Quarter 2024 Financial and Operating Results

August 5, 2024 4:01 PM EDT

FORT WORTH, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (HighPeak or the Company) (NASDAQ: HPK) today announced financial and operating results for the quarter and the six months ended June 30, 2024, and provided updated 2024 guidance.

Highlights
Second Quarter 2024

Sales volumes averaged 48,531 barrels of crude oil equivalent per day (Boe/d), consisting of 89% liquids (crude oil and NGL), representing a 15% increase over the second quarter 2023.Lease operating expenses were $6.79 per Boe compared with $8.39 per Boe in the second quarter 2023.Net income was $29.7 million, or $0.21 per diluted share,... More