HighPeak Energy, Inc. (NASDAQ:HPK) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET

Company Participants

Steven Tholen - Chief Financial Officer

Jack Hightower - Chairman and Chief Executive Officer

Michael Hollis - President

Conference Call Participants

Jeff Robertson - Water Tower Research

Nicholas Pope - Seaport Research

Operator

Welcome to the HighPeak Energy 2023 First Quarter Earnings Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a Q&A session. [Operator Instructions] Please be advised that today's conference is being recorded.

I will now hand it over to Steven Tholen, Chief Financial Officer. Please go ahead.

Steven Tholen

Good morning, everyone, and welcome to HighPeak Energy's first quarter 2023 earnings call.

Representing HighPeak today are Chairman and CEO, Jack Hightower; President, Michael Hollis; and I am Steven Tholen, the Chief Financial Officer.

During today's call, we will make reference to our May Investor Presentation, and our first quarter earnings release, which can be found on HighPeak's website.

Today's call participants may make certain forward-looking statements relating to the company's financial condition, results of operations, expectations, plans, goals, assumptions and future performance. So please refer to the cautionary information regarding forward-looking statements and related risks in the Company's SEC filings, including the fact that actual results may differ materially from our expectations due to a variety of reasons, many of which are beyond our control.

We will also refer to certain non-GAAP financial measures on today's call, so please see the reconciliations in the earnings release and our May Investor Presentation.

I will now turn the call over to our Chairman and CEO, Jack Hightower.

Jack Hightower

Thanks, Steve, and good morning, ladies and gentlemen.

I'm going to start my prepared remarks on Slide 4 of our May Investor Presentation. This is an important slide. Of course, I have the old adage, you can lead a horse to water, but you can't make him drink. But everything that we're doing, relative to our plan going forward this year and next year can be synopsized on this slide. And I know that the market hadn't liked our stock today and our press release, but I think when I made the statement, you can lead a horse to water, but you can't make them drink.

It's really hard for me and for the management team not to be able to buy stock right now as low as it is because we're more excited about the company right now than we ever have been and if we weren't restricted in our ability to buy because of strategic alternatives and because of all the things we have ongoing, we would be buying our stock profusely at the present stock price.