HighPeak Energy, Inc. (NASDAQ:HPK) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET
Company Participants
Steven Tholen - Chief Financial Officer
Jack Hightower - Chairman and Chief Executive Officer
Michael Hollis - President
Conference Call Participants
John White - ROTH MKM Capital
Jeffrey Robertson - Water Tower Research
Operator
Good day and thank you for standing by. Welcome to the HighPeak Energy 2024 Third Quarter Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Steven Tholen, Chief Financial Officer. Please go ahead.
Steven Tholen
Good morning everyone, and welcome to HighPeak Energy's third quarter 2024 earnings call. Representing HighPeak today are, Chairman and CEO, Jack Hightower; President, Michael Hollis; and I'm Steven Tholen, the Chief Financial Officer. During today's call we will make reference to our November investor presentation and our third 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 in our November investor presentation.
I will now turn the call over to our Chairman and CEO, Jack Hightower.
Jack Hightower
Thank you Steve. Good morning ladies and gentlemen, and thank you for joining us today.
My prepared remarks will begin on Slide 4 of our November Investor presentation. And after looking at our press release and seeing our results, I'm extremely excited to report yet again that HighPeak has achieved another solid quarter of execution across the board. Heading into the 2024 calendar year, we laid out a set of core values, including maintaining disciplined operations, strengthening our balance sheet, and focus on maximizing shareholder value. Our unwavering commitment to these values has driven our continued success.
Operationally, our drilling program has continued to deliver strong well results, and production levels have continued to outperform initial expectations. This has resulted in another beat-and-raise of our production guidance this quarter, and our operations team has remained aggressively focused on production optimization, and reducing our cost structure across the board.