HighPeak Energy, Inc. Announces Third Quarter 2026 Financial and Operating Results and Guidance Update
Key Highlights
- ➤$450 million preferred equity investment and $800 million credit facility announced
- ➤2026 production guidance increased to 44,500–45,500 Boe/d
- ➤2026 lease operating expense guidance reduced to $8.00–$8.25 per Boe
- ➤2026 capital expenditure guidance increased to $310–$320 million
- ➤Third-quarter free cash flow reached $22.4 million; debt reduced $30 million
Expert Statements
Michael Hollis, President and CEO of HighPeak Energy
“The third quarter was an important one for HighPeak. Operationally, the team continued to execute at a high level, delivering production above expectations and improving efficiency.”
Michael Hollis, President and CEO of HighPeak Energy
“Financially, we generated meaningful free cash flow, reduced debt, and took a major step toward strengthening our balance sheet with the comprehensive refinancing transaction we recently announced.”
Michael Hollis, President and CEO of HighPeak Energy
“As drilling efficiencies continue to improve, rather than releasing a rig, we plan to keep activity steady and reinvest those efficiency gains into additional high-return opportunities, resulting in a modest increase in capital investment while maintaining financial discipline.”
Michael Hollis, President and CEO of HighPeak Energy
“Over the past two years, we have remained focused on a clear set of priorities: practicing capital discipline, driving corporate efficiencies, strengthening our capital structure, and ensuring every decision we make is guided by the goal of creating long-term shareholder value.”
Michael Hollis, President and CEO of HighPeak Energy
“With the announcement of our pending refinance, which dramatically improves our capital structure, we can confidently say that we have made meaningful progress on all these objectives.”
Michael Hollis, President and CEO of HighPeak Energy
“While we are proud of what we have accomplished, we view these achievements not as a finish line, but as a foundation for continued success.”
Michael Hollis, President and CEO of HighPeak Energy
“We remain committed to these principles and to delivering sustainable value for all our stakeholders, including our employees, royalty owners, vendors, community partners, and shareholders.”
Michael Hollis, President and CEO of HighPeak Energy
“We believe this new and improved HighPeak enhances our ability to execute our strategy, capitalize on opportunities and build a stronger company for the future.”
FORT WORTH, Texas, Nov. 09, 2026 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter ended September 30, 2026, and updated guidance for the full year 2026.
The third quarter was an important one for HighPeak. Operationally, the team continued to execute at a high level, delivering production above expectations and improving efficiency. Financially, we generated meaningful free cash flow, reduced debt, and took a major step toward strengthening our balance sheet with the comprehensive refinancing transaction we recently announced. As drilling efficiencies continue to improve, rather than releasing a rig, we plan to keep activity steady and reinvest those efficiency gains into additional high-return opportunities, resulting in a modest increase in capital investment while maintaining financial discipline.
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