In This Article:
HighPeak Energy (NASDAQ:HPK) First Quarter 2024 Results
Key Financial Results
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Revenue: US$287.8m (up 29% from 1Q 2023).
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Net income: US$6.44m (down 86% from 1Q 2023).
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Profit margin: 2.2% (down from 20% in 1Q 2023). The decrease in margin was driven by higher expenses.
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EPS: US$0.051 (down from US$0.41 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
HighPeak Energy Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 88%.
Looking ahead, revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.2%.
Performance of the American Oil and Gas industry.
The company's shares are up 11% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for HighPeak Energy (1 shouldn't be ignored!) that you should be aware of.
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