HighPeak Energy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:04 pm EDT
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HighPeak Energy, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 240.76 million compared to USD 201.43 million a year ago. Net income was USD 31.83 million compared to USD 77.56 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.25 compared to USD 0.64 a year ago.
For the six months, revenue was USD 464.55 million compared to USD 293.66 million a year ago. Net income was USD 82.08 million compared to USD 61.05 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to USD 0.52 a year ago.
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.
HIGHPEAK ENERGY, INC. 
