Highpeak Energy Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters11-05

* Highpeak Energy Inc reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of three analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 20 cents to 25 cents per share.

* Revenue fell 21.4% to $271.58 million from a year ago; analysts expected $267.61 million.

* Highpeak Energy Inc's reported EPS for the quarter was 35 cents​.

* The company reported quarterly net income of $49.93 million.

* Highpeak Energy Inc shares had fallen by 5.9% this quarter and lost 8.3% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 54.2% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the oil & gas exploration and production peer group is "hold."

Wall Street's median 12-month price target for Highpeak Energy Inc is 21.75 This summary was machine generated from LSEG data November 5 at 07:56 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.23 0.35 Beat

Jun. 30 2024 0.50 0.21 Missed

Mar. 31 2024 0.37 0.37 Met

Dec. 31 2023 0.65 0.66 Beat

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