HighPeak Energy Shares Rise Following 4Q Adjusted EPS Beat

Dow Jones
2025/03/11
 

By Connor Hart

 

Shares of HighPeak Energy rose after the company logged higher-than-expected adjusted earnings in the fourth quarter and said it would further limit capital expenditures in the current year.

The stock gained 5.8%, to $12.50, in after-hours trading Monday. Shares ended the regular session 1.2% lower, at $11.81, having lost nearly one-quarter of their value in the past year.

The Fort Worth, Texas, company posted a profit of $9 million, or 6 cents a share, for its three months ended Dec. 31, compared with $95 million, or 66 cents a share, a year earlier.

Adjusted earnings came in at 19 cents a share, topping the 15 cents a share that analysts surveyed by FactSet expected.

Revenue fell 22%, to $234.8 million, and missed the $251.7 million that analysts modeled.

Chief Executive Jack Hightower called 2024 a solid year for HighPeak, during which it reduced its capital expenditures budget by 40% and increased production by 10%, averaging approximately 50,000 barrels of crude oil equivalent per day.

Looking forward, Hightower said the company's focus on corporate efficiency will keep production flat in 2025, while reducing capital expenditures by an additional 20%.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

March 10, 2025 17:02 ET (21:02 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10