HighPeak Energy (HPK) Company Report

HighPeak Energy reported Q3 2025 production of 47.8 MBoe/d and EBITDAX of $139.9 million.
Capital expenditures decreased by over 30% from Q2 to $86.6 million in Q3 2025, while the company generated $1.6 million in Free Cash Flow.
As of September 30, 2025, the company's total liquidity stood at $265 million, with total net debt of $1,035 million.
Operational updates include picking up a second rig in mid-October and a second successful simul-frac completion, which delivered estimated savings of $2.5 million.

Nov 6, 2025, 5:00 PM

HighPeak Energy Reports Solid Q3 2025 Results, Outlines Strategic Shift to Debt Reduction and Improved Governance

HPK

Earnings

CEO Change

Board Change

HighPeak Energy reported solid Q3 2025 results, with CapEx down 30% from Q2 and production consistent with the prior quarter, while operating one rig for the entirety of Q3.
The company announced a strategic shift towards strengthening its balance sheet and reducing debt, with Michael Hollis accepting the role of permanent President and CEO and Jason Edgeworth appointed as the new independent Chairman, alongside the establishment of fully independent board committees.
Management outlined a capital allocation framework for 2026 and beyond, with activity levels and debt paydown strategies dependent on long-term oil prices, ranging from operating within cash flow with less than two rigs below $60/barrel to moderate production growth with two or more rigs above $70/barrel.
HighPeak's majority private equity owners plan to methodically distribute their shares over the next two years, starting with HighPeak Two in 2026 and HighPeak One in 2027, which is expected to address the company's low stock float.

Nov 6, 2025, 5:00 PM

HighPeak Energy, Inc. Announces Q3 2025 Results and Leadership Changes

HPK

Earnings

CEO Change

Dividends

HighPeak Energy, Inc. reported a net loss of $18.3 million, or ($0.15) per diluted share, and Adjusted net income of $3.8 million, or $0.03 per diluted share, for the third quarter of 2025. Sales volumes averaged approximately 47.8 MBoe/d, and capital expenditures, excluding acquisitions, were $86.6 million, a reduction of over 30% compared to the second quarter.
The company extended all debt maturities to September 2028 and increased liquidity by over $170 million.
Michael Hollis was appointed as the permanent Chief Executive Officer on November 5, 2025, and Jason Edgeworth was named Chairman of the Board.
A quarterly dividend of $0.04 per common share was declared on November 4, 2025, payable in December 2025.

Nov 5, 2025, 9:08 PM

HighPeak Energy, Inc. Announces Q3 2025 Results and Management Changes

HPK

Earnings

Management Change

Dividends

For Q3 2025, HighPeak Energy, Inc. reported a net loss of $18.3 million, or ($0.15) per diluted share, and EBITDAX of $139.9 million, or $1.01 per diluted share.
Sales volumes averaged 47.8 MBoe/d in Q3 2025, with capital expenditures (excluding acquisitions) decreasing by 31% from Q2 to $86.6 million.
The company extended all debt maturities to September 2028 and increased liquidity by over $170 million.
Michael Hollis was appointed permanent Chief Executive Officer and Jason Edgeworth was appointed Chairman of the Board on November 5, 2025.
A quarterly dividend of $0.04 per common share was declared, payable in December 2025.

Nov 5, 2025, 9:06 PM

HighPeak Energy Announces Q3 2025 Results and Management Changes

HPK

Earnings

Management Change

Dividends

For the third quarter ended September 30, 2025, HighPeak Energy reported a net loss of $18.3 million, or ($0.15) per diluted share, with Adjusted net income of $3.8 million, or $0.03 per diluted share, and EBITDAX of $139.9 million, or $1.01 per diluted share.
Sales volumes for Q3 2025 averaged approximately 47.8 thousand barrels of crude oil equivalent per day (MBoe/d), consistent with the second quarter, and capital expenditures were $86.6 million, representing a reduction of over 30% compared to the second quarter.
On November 5, 2025, the company announced Michael Hollis as permanent Chief Executive Officer and Jason Edgeworth as Chairman of the Board.
All debt maturities were extended to September 2028, and liquidity increased by over $170 million. Additionally, a quarterly dividend of $0.04 per common share was declared, payable in December 2025.