HighPeak Energy, Inc. announces 4Q release

HighPeak Energy

HighPeak Energy Inc. announced Monday, March 7, 2022, as the release date of full-year 2021 and fourth-quarter 2021 financial results. They will release it after the close of trading.

Moreover, the company will host a conference call and Webcast on Tuesday, March 8, 2022, at 10:00 a.m. CST. This conference call is mainly addressed to investors and analysts to discuss its full-year 2021 and 4Q 2021 financial results, as well as operational highlights.

HighPeak Energy has provided the following numbers for conference call participants. Firstly, participants in the United States and Canada may call this number (833) 362-0226. Secondly, those calling internationally may call (914) 987-7683. In both cases, they will need to enter this confirmation code 4378555.

Additionally, the company reports a live broadcast of the earnings conference call. It will be available on HighPeak Energy’s website under the “Investors” section. A replay will be available on the website following the call.

3Q results

Released on November 8, 2021, third-quarter results had firstly sales volumes of 8,168 barrels of oil equivalent per day. Secondly, an EBITDAX of $33.3 million and $91.8 million for the three and nine months. Thirdly, ended this period with a revolving credit facility balance of $95 million and a $12 million cash balance or net debt of $83 million. More information can be found on the company’s website.

Preliminary 4Q results

For the preliminary fourth-quarter results, HighPeak Energy reported an expectation for net daily sales volumes to be between 14,500-15,500 Boe per day; an increase of approximately 77%-80% compared with third-quarter 2021. Additionally, the company expects 4Q EBITDAX to range from approximately $70 million to $75 million.

Moreover, closed on the previously announced private placement of $225 million principal amount of 10.0% senior unsecured notes due 2021. Simultaneously with the closing of the notes, the company paid down its revolving credit facility to zero.

Also recommended for you: Drilling Company, HighPeak Energy, Inc. Announces Preliminary 4Q 2021. Read here!

About HighPeak Energy, Inc.

HighPeak Energy is an independent oil and natural gas company. It is engaged in the acquisition, development and production of oil, natural gas and NGL reserves. Moreover is primarily located in Howard County, Texas; within the northeastern part of the oil-rich Midland Basin. Mainly in this location, HighPeak Energy has a contiguous position of approximately 51,000 net acres; with greater than 90% operated.

In addition, the company, formed in 2020 is a result of the combination between HighPeak Energy and Pure Acquisition Corporation. Its headquarters are based in Fort Worth, Texas.

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