Filing Flows › HighPeak Energy (HPK) › Q4 2024
HighPeak Energy (HPK) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 10, 2025
HighPeak Energy (HPK) reported revenue of $283M for the fourth quarter 2024 (Q4 2024), -12% from a year earlier and +4% from the quarter before. Operating margin was 26.1%, net earnings $9.0M (3.2% of revenue).
HighPeak Energy, Q4 2024: revenue $283M (-12% year over year), operating margin 26.1%, net earnings $9.0M, operating cash flow $140M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $283M | +4% | -12% |
| Operating profit | $73.7M | +0.3% | -31% |
| Net earnings | $9.0M | -82% | -91% |
| Operating cash flow | $140M | -21% | -41% |
What changed
Revenue was $282.6M in Q4 2024, down 12% year over year and up 4% from the previous quarter.
Operating profit was $73.7M, a 26.1% margin (down 7.2 points year over year). Total costs fell 2% while revenue fell 12%. The fastest-growing cost line was SG&A (+29%). Net earnings were $9.0M, down 91% year over year. The effective tax rate was 30.1%.
Operating cash flow was $139.5M (down 41% year over year), 1553% of net earnings. Non-cash charges added back $105.6M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $23.5M. Capital expenditures of $152.7M exceeded it, leaving free cash flow of −$13.2M.
Questions
What was HighPeak Energy's revenue in the fourth quarter 2024?
HighPeak Energy (HPK) reported revenue of $283M for the fourth quarter 2024 (Q4 2024), -12% from a year earlier and +4% from the quarter before.
Was HighPeak Energy profitable in the fourth quarter 2024?
Operating profit was $73.7M (26.1% of revenue) and net earnings $9.0M.
Source: HighPeak Energy 10-K on SEC EDGAR.