Earnings Releases·Nov 9, 2026, 4:02 PM ET

HighPeak Energy, Inc. — Third Quarter 2026 Earnings Summary

Reported Q3 2026 net loss of $55.7 million ($0.44/share) versus $18.3 million ($0.15/share) in the prior year period; adjusted net income was $38.5 million ($0.32/share) with EBITDAX of $163.8 million.
Total operating revenues rose to $256.8 million from $208.7 million year-over-year, driven by average realized prices (excluding derivatives) increasing to $63.18/Boe from $47.43/Boe.
Updated 2026 guidance to 44,500–45,500 Boe/d production, $8.00–$8.25/Boe lease operating expenses, and $310–$320 million total capital expenditures.
Announced a transformational refinancing transaction involving a $450 million preferred equity investment and a new $800 million credit facility to retire existing $1.2 billion term debt, pending closing in October 2026.
Generated $22.4 million in free cash flow for the quarter and reduced total debt by $30 million; no dividends were declared for the quarter.