HighPeak Energy, Inc. (HPK) Misses Q4 Earnings and Revenue Estimates

Core Viewpoint - HighPeak Energy, Inc. reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of$ 0.13 per share, and showing a significant decline from $0.66 per share a year ago, indicating a -53.85% earnings surprise [1][2] Financial Performance - The company posted revenues of$ 234.81 million for the quarter ended December 2024, which was 4.90% below the Zacks Consensus Estimate and down from $301.15 million year-over-year [2] - Over the last four quarters, HighPeak Energy has surpassed consensus EPS estimates only once and topped consensus revenue estimates two times [2] Stock Performance - HighPeak Energy shares have declined approximately 18.7% since the beginning of the year, contrasting with the S&P 500's decline of -1.9% [3] Future Outlook - The company's earnings outlook is mixed, with current consensus EPS estimates at$ 0.24 for the coming quarter and $1.01 for the current fiscal year, with revenues expected to be$ 257.96 million and $1.05 billion respectively [7] - The Zacks Rank for HighPeak Energy is currently 3 (Hold), suggesting that shares are expected to perform in line with the market in the near future [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently in the top 13% of Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]