HighPeak Energy Q3 revenue rises on higher production
HPK•HighPeak Energy reported Q3 revenue of $256.82 million and average production of 44,200 Boe/d. It raised 2026 production guidance, lowered lease operating expense guidance and increased capital expenditure guidance.
1. Higher production lifts revenue
HighPeak Energy said Q3 production averaged 44,200 Boe/d, exceeding expectations, as operational efficiency improvements supported higher production. Revenue was $256.82 million, compared with a consensus estimate of $240.65 million; adjusted EPS was $0.32 versus an estimate of $0.03.
2. Financing and 2026 guidance
The company announced a $450 million preferred equity investment and an $800 million credit facility to refinance debt. It raised its 2026 average daily production guidance to 44,500–45,500 Boe/d, lowered lease operating expense guidance to $8.00–$8.25 per Boe and increased capital expenditure guidance to $310–$320 million.
3. Quarterly costs and results
Q3 lease operating expenses fell to $6.70 per Boe. HighPeak reported a net loss of $55.70 million, or $0.44 per share, and EBITDAX of $163.80 million.
