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.

Gas reserves

Proven reserves: 177.654 Bcf.

LNG reserves

Proven reserves: 34.118 MMbbls.

Combined production

Oil equivalent production: 18.285 MMboe (16.635 MMboe in FY 2023).NasdaqGM:HPK Earnings and Revenue History March 12th 2025

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

We should say that we've discovered 2 warning signs for HighPeak Energy (1 doesn't sit too well with us!) that you should be aware of before investing here.

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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.

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