HighPeak Energy Q3 net loss $55.7 million on $256.8 million revenue; 2026 outlook updated
HighPeak Energy reported a third-quarter 2026 net loss of $55.7 million, wider than the $18.3 million loss a year earlier, while revenue rose to $256.8 million from $208.7 million. The company raised its 2026 production range and increased its capital expenditure range to $310 million to $320 million, and it said a pending refinancing would replace its $1.2 billion term loan. The filing notes the refinancing may not be completed on the contemplated terms or at all.
Key points
- Q3 2026 net loss of $55.7 million, or $(0.44) per diluted share, vs. a net loss of $18.3 million, or $(0.15), in Q3 2025; loss on derivative instruments of $107.5 million
- Adjusted net income of $38.5 million, or $0.32 per diluted share; EBITDAX of $163.8 million; free cash flow of $22.4 million
- 2026 outlook: production raised to 44,500 to 45,500 Boe/d; lease operating expenses lowered to $8.00 to $8.25 per Boe; total capital expenditures raised to $310 million to $320 million
- Pending refinancing: $450 million preferred equity investment and $800 million credit facility, with the $1.2 billion term loan to be paid off; closing expected later in November 2026
The filing
Written by AI on Nov 9, 2026, 5:16 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.