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

Core Viewpoint - HighPeak Energy, Inc. reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.13 per share, and a significant decline from $0.66 per share a year ago [1][2] Financial Performance - The company experienced an earnings surprise of -53.85% for the quarter, having previously exceeded expectations in the prior quarter with earnings of $0.35 per share against an estimate of $0.23 per share, resulting in a positive surprise of 52.17% [2] - HighPeak Energy's revenues for the quarter were $234.81 million, falling short of the Zacks Consensus Estimate by 4.90%, and down from $301.15 million year-over-year [3] - Over the last four quarters, the company has surpassed consensus revenue estimates twice [3] 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% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $257.96 million, and for the current fiscal year, it is $1.01 on revenues of $1.05 billion [8] - The outlook for the industry, specifically the Oil and Gas - Exploration and Production - United States sector, is favorable, ranking in the top 13% of over 250 Zacks industries [9]