HighPeak Energy(US:HPK)2025-05-12 21:14Financial Performance & Operational Efficiency - HighPeak Energy reported Q1 2025 EBITDAX of $197.3 million[13,41] - Q1 2025 Unhedged EBITDAX per BOE was $41.90[13,35] - Q1 2025 total daily sales volumes were 53.1 MBoe/d, with oil accounting for 72% of production[13,41] - The company achieved faster drilling pace translating to ~33 wells drilled/year/rig[15] Capital Expenditure & Drilling Plan - Total capital expenditure for Q1 2025 was $179.8 million, excluding acquisitions[41] - The company is revising its rig plan, dropping one rig from May through August and planning to return the second rig in September, with no change to 2025 guided TILs and Capex budget[25] Reserves & Profitability - HighPeak Energy has >143,000 net acres and >1,000 sub $50/Bbl break-even locations in primary zones[13,35] - The company highlights a 3-year reserve replacement ratio of >400% driven by drill bit reserve additions[27] - HighPeak Energy emphasizes profitable development at $60/Bbl (WTI)[28] Hedging - The company has hedged a portion of its oil and gas production for 2025 and 2026 using swaps, puts, and collars, with average prices detailed in the hedge profile summary[40]