Highpeak Energy Inc (OQ:HPK)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 421 W. 3Rd Street, Suite 1000 FORT WORTH TX 76102 |
| Tel: | N/A |
| Website: | https://www.highpeakenergy.com |
| IR: | See website |
| Key People | ||
| Jack Hightower Chairman of the Board, Chief Executive Officer | Michael L. Hollis President, Director | Steven W. Tholen Chief Financial Officer |
| Rodney L. Woodard Chief Operating Officer | Keith E. Forbes Chief Accounting Officer, Vice President | |
| Business Overview |
| HighPeak Energy, Inc. is an independent crude oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. It focuses on brownfield the Midland Basin and specifically the Howard and Borden Counties area of the Midland Basin. Its assets include certain rights, title and interests in crude oil and natural gas assets located primarily in Howard and Borden Counties, Texas, and to a lesser extent, Scurry and Mitchell Counties, Texas. Its assets are located in the northeastern part of the Midland Basin. The Midland Basin is part of the Permian Basin of West Texas and Eastern New Mexico. The Permian Basin covers an area of about 96,000 square miles and is comprised of five sub-regions including the Midland Basin, the Central Basin Platform, the Delaware Basin, the Northwest Shelf and the Eastern Shelf. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Highpeak Energy Inc revenues increased 47% to $1.11B. Net income applicable to common stockholders decreased 9% to $194M. Revenues reflect Crude Oil - Production - Total increase of 84% to 13.9M barrels, Oil Equivalent Production (Units/day) - increase of 86% to 46K barrels per day, Crude oil sales increase of 52% to $1.09B. |
| Employees: | 48 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,948M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,111M as of Dec 31, 2023 |
| EBITDA (TTM): | $859.15M as of Dec 31, 2023 |
| Net annual income (TTM): | $193.98M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$266.77M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $955.78M as of Dec 31, 2023 |
| Shares outstanding: | 127,855,383 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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