HighPeak Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:02 pm EST
Share
HighPeak Energy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 345.59 million compared to USD 204.11 million a year ago. Net income was USD 38.78 million compared to USD 107.9 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.9 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.85 a year ago.
For the nine months, revenue was USD 810.14 million compared to USD 497.77 million a year ago. Net income was USD 120.86 million compared to USD 168.96 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 1.48 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 1.4 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. 
