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HPK (HighPeak Energy) EBIT : $406 Mil (TTM As of Sep. 2024)


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What is HighPeak Energy EBIT?

HighPeak Energy's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $106 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $406 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HighPeak Energy's annualized ROC % for the quarter that ended in Sep. 2024 was 7.66%. HighPeak Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 15.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HighPeak Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 14.66%.


HighPeak Energy EBIT Historical Data

The historical data trend for HighPeak Energy's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

HighPeak Energy EBIT Chart

HighPeak Energy Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-11.58 - 74.95 357.19 418.26

HighPeak Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.25 165.22 50.32 84.89 105.87

Competitive Comparison of HighPeak Energy's EBIT

For the Oil & Gas E&P subindustry, HighPeak Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HighPeak Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, HighPeak Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where HighPeak Energy's EV-to-EBIT falls into.



HighPeak Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $406 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


HighPeak Energy  (NAS:HPK) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

HighPeak Energy's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=294.5 * ( 1 - 23.62% )/( (2936.146 + 2935.371)/ 2 )
=224.9391/2935.7585
=7.66 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3056.457 - 140.532 - ( 157.911 - max(0, 278.861 - 258.64+157.911))
=2936.146

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3061.466 - 136.976 - ( 135.573 - max(0, 259.628 - 248.747+135.573))
=2935.371

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

HighPeak Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=423.48/( ( (2791.013 + max(-57.71, 0)) + (2797.586 + max(-26.164, 0)) )/ 2 )
=423.48/( ( 2791.013 + 2797.586 )/ 2 )
=423.48/2794.2995
=15.16 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(87.561 + 7.817 + 5.351) - (140.532 + 5.308 + 12.599)
=-57.71

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(76.444 + 7.966 + 28.764) - (136.976 + 0.425 + 1.937)
=-26.164

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

HighPeak Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=406.3/2772.201
=14.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


HighPeak Energy EBIT Related Terms

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HighPeak Energy Business Description

Traded in Other Exchanges
Address
421 West 3rd Street, Suite 1000, Fort Worth, TX, USA, 76102
HighPeak Energy Inc is an independent oil and natural gas company focused on the development of unconventional oil and natural gas reserves in Howard County of the Midland Basin. The company operates in a single segment, which is oil and natural gas development, exploration, and production.
Executives
Jack Hightower director, 10 percent owner, officer: Chief Executive Officer 1700 PACIFIC, SUYITE 3300, DALLAS TX 75201
Jay M. Chernosky director 602 FALL RIVER ROAD, HOUSTON TX 77024
Michael L. Hollis director, officer: President 500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
John Paul Dejoria 10 percent owner 2934 OESTRICK LANE, AUSTIN TX 78733
Steven W Tholen officer: Chief Financial Officer 1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
Rodney L Woodard officer: Chief Operating Officer C/O PURE RESOURCES, 500 W. ILLINOIS, MIDLAND TX 79701
Larry Oldham director 1004 N BIG SPRING, C/O PARALLEL PETROLEUM, MIDLAND TX 79701
Keith E Forbes officer: Vice President and Controller 421 W. 3RD STREET, SUITE 1000, FORT WORTH TX 76102
Jason A. Edgeworth director 421 W. 3RD STREET, SUITE 1000, FORT WORTH TX 76101
Michael H. Gustin director 208 HEWITT DRIVE, #103-113, WOODWAY TX 76712
Keith Covington director 500 WEST ILLINOIS, MIDLAND TX 79701
Highpeak Energy Partners, Lp other: . 421 W. 3RD STREET, SUITE 1000, FORT WORTH TX 76102
Highpeak Energy Partners Ii, Lp other: . 421 W. 3RD STREET, SUITE 1000, FORT WORTH TX 76102
Highpeak Pure Acquisition, Llc other: . 421 W 3RD STREET, SUITE 1000, FORT WORTH TX 76102
Sharon F. Fulgham director 4354 W. VICKERY BOULEVARD, FORT WORTH TX 76107