HighPeak Energy stock posts Q3 loss as refinancing advances
Published on 11/10/2026 at 00:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSHighPeak updates its outlook
- HighPeak Energy reported a third-quarter net loss but positive adjusted earnings and free cash flow.
- Management raised production guidance, lowered operating-cost guidance and increased planned capital spending for 2026.
- A conference call on Tuesday will address the results and the pending refinancing.
HighPeak Energy reported its third-quarter 2026 results on Monday, November 9, after the close of trading. The company posted a net loss of USD 55.7 million, or USD 0.44 per diluted share, while adjusted net income reached USD 38.5 million, or USD 0.32 per diluted share, according to Morningstar, which republished the company release.
Results sharpen the refinancing focus
HighPeak generated USD 256.8 million in third-quarter revenue and USD 163.8 million in EBITDAX. Free cash flow was USD 22.4 million, while debt fell by USD 30 million during the quarter.
The reported loss was affected by a net loss of USD 107.5 million on derivative instruments. HighPeak said the pending refinancing includes USD 450 million of preferred equity and an USD 800 million credit facility intended to repay its existing USD 1.2 billion term loan. Closing is expected later in November, subject to the transaction terms and conditions.
Production outlook moves higher
Management raised its 2026 average daily production guidance to 44,500 to 45,500 barrels of oil equivalent per day. The lease operating expense range was reduced to USD 8.00 to USD 8.25 per barrel of oil equivalent, while total capital expenditure guidance increased to USD 310 million to USD 320 million.
Third-quarter sales volumes averaged 44.2 thousand barrels of oil equivalent per day, including approximately 67% crude oil and 84% liquids. The company will discuss the results with investors and analysts on Tuesday, November 10, at 10:00 a.m. Central Time.
HighPeak Energy stock traded at 6.23 euros on Lang & Schwarz at 11:00 p.m. CET on Monday, November 9. The quote provides the latest reported evening price for investors, while the company results and refinancing remain the main near-term operating themes.
HighPeak operates in West Texas
HighPeak Energy is an independent crude oil and natural gas company headquartered in Fort Worth, Texas. It acquires, develops, explores and exploits unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. Its production mix is weighted toward crude oil and liquids, leaving results sensitive to commodity prices, hedging and financing conditions.
HighPeak Energy at a glance
- Company: HighPeak Energy, Inc.
- ISIN: US43114Q1058
- Ticker: HPK
- Trading venue: Lang & Schwarz
- Price: 6.23 euros on November 9, 2026, at 11:00 p.m. CET
- Business: Crude oil and natural gas exploration and production in the Midland Basin
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