Financial Data and Key Metrics Changes - The company reported a 63% increase in average production from the second quarter to the fourth quarter, reaching over 35,750 barrels of oil per day [6][12] - The average production for the third quarter was 26,250 barrels per day, a 19% increase from the second quarter and a 220% increase year-over-year [11] - The unhedged cash operating margin for the third quarter was $72.01 per barrel, with a significant increase in EBITDA run rate approaching $1 billion [12][20][49] Business Line Data and Key Metrics Changes - The company has expanded its acreage position to over 105,000 net acres, a 68% increase compared to the previous year [13] - The average well results for 2022 are outperforming prior year results, indicating improved reservoir quality and operational efficiency [8][48] - The company maintained best-in-class margins, generating 36% more margin per BOE than its peer group [23] Market Data and Key Metrics Changes - The company has successfully navigated supply chain constraints and inflationary pressures while maintaining production growth [9][49] - The current production rate is expected to continue growing, with the potential for significant increases in oil prices due to low storage levels and high demand [55] Company Strategy and Development Direction - The company is focused on responsible growth, with a flexible development program that allows for adjustments based on market conditions [18][44] - HighPeak is positioned for continued margin expansion through various cost reduction initiatives, including electrification and water recycling [24][37] - The company aims to delineate significant proved reserves and expand its drilling program across multiple formations [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate significant free cash flow while maintaining production growth [50] - The company anticipates a challenging capital market environment but believes its strong asset base and liquidity position will support ongoing development [44][85] - Management highlighted the potential for higher oil prices in the coming year due to increasing demand and declining storage levels [55] Other Important Information - The company raised a total of $435 million in recent financings, significantly enhancing its liquidity [15][44] - HighPeak's ESG initiatives are integral to its operations, with a focus on reducing emissions and improving environmental impact [39][40] Q&A Session Summary Question: Can you discuss the performance improvement in the 2022 drilling program? - Management confirmed that moving to full pad development has improved results, allowing for more efficient production growth [58][60] Question: What is the average well cost and how has it progressed through the year? - The blended average well cost is approximately $7 million, with inflationary pressures leading to a 15% increase in costs due to various efficiency initiatives [74][76] Question: Can you elaborate on the capital program and production progression? - Management acknowledged delays in production due to simultaneous frac operations but expects a more normal growth pattern moving forward [79][80] Question: Does the recent private placement provide sufficient liquidity for 2023? - Management confirmed that the $225 million private placement enhances liquidity, supporting the development drilling program [85] Question: What are the company's oil price realizations and differentials? - The company has consistently averaged above WTI prices, benefiting from advantageous location and marketing strategies [86]

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | E | N | | R | G | | | 3Q22 Presentation November 2022 DISCLAIMER 2 •FORWARD-LOOKING STATEMENTS •The information in this presentation and in any oral statements made in connection herewith contains forward-looking statements that involve risks and uncertainties. When used in or in connection with this document, the words "believes," "plans," " ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-39464 HighPeak Energy, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of i ...

HighPeak Energy, Inc. (NASDAQ:HPK) Q2 2022 Earnings Conference Call August 9, 2022 11:00 AM ET Company Participants Steven Tholen - Chief Financial Officer Jack Hightower - Chairman & Chief Executive Officer Michael Hollis - President Ryan Hightower - Vice President of Business Development Conference Call Participants Nicholas Pope - Seaport Research Jeffrey Robertson - Water Tower Research Operator Good day, and thank you for standing by. Welcome to the HighPeak Energy 2022 Second Quarter Earnings Conferen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-39464 HighPeak Energy, Inc. (Exact name of Registrant as specified in its charter) Delaware 84-3533602 (State or other ju ...

HighPeak Energy, Inc. (NASDAQ:HPK) Q1 2022 Earnings Conference Call May 17, 2022 11:00 AM ET Company Participants Steven Tholen - Chief Financial Officer Jack Hightower - Chairman & Chief Executive Officer Michael Hollis - President Conference Call Participants John White - ROTH Capital Partners Nicholas Pope - Seaport Research Jeff Robertson - Water Tower Research Operator Thank you for standing by, and welcome to the First Quarter 2022 HighPeak Energy Conference Call. At this time, all participants are in ...

| --- | --- | --- | --- | --- | --- | --- | |-------|----------|-------|-------|-------|-------|-------| | | | | | | | | | E | HIGHK N | | R | G | | | 1Q22 Presentation May 2022 DISCLAIMER 2 •FORWARD-LOOKING STATEMENTS •The information in this presentation and in any oral statements made in connection herewith contains forward-looking statements that involve risks and uncertainties. When used in or in connection with this document, the words "believes," "plans," "expects," "anticipates," "forecasts," "inten ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-39464 HighPeak Energy, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incor ...

HighPeak Energy, Inc. (NASDAQ:HPK) Q4 2021 Earnings Conference Call March 8, 2022 11:00 AM ET Company Participants Steven Tholen - Chief Financial Officer Jack Hightower - Chief Executive Officer Michael Hollis - President Conference Call Participants John White - ROTH Capital Partners Nicholas Pope - Seaport Research Jeff Robertson - Water Tower Research Operator Thank you for standing by, and welcome to the HighPeak Energy’s Fourth Quarter 2021 Earnings Conference Call. At this time, all participants are ...

| --- | --- | --- | --- | --- | --- | --- | |-------|----------|-------|-------|-------|-------|-------| | | | | | | | | | E | HIGHH N | | R | G | | | 4Q21 Presentation March 2022 DISCLAIMER •FORWARD-LOOKING STATEMENTS •The information in this presentation and in any oral statements made in connection herewith contains forward-looking statements that involve risks and uncertainties. When used in or in connection with this document, the words "believes," "plans," "expects," "anticipates," "forecasts," "inten ...