---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-001620"
form_type: "8-K"
ticker: "HPK"
cik: "0001792849"
company_name: "HighPeak Energy, Inc."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:55:28.881754+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HighPeak Energy initiates strategic alternatives review including potential sale; provides 2023-2024 guidance

## Summary
- Board evaluates strategic alternatives to maximize shareholder value, including a potential sale; retained Credit Suisse and Wells Fargo as financial advisors.
- 2023 production guidance: 47-53 MBoe/d average; 2024 production guidance: 70-76 MBoe/d average.
- 2023 capex guidance: $1.15-$1.26B; 2024 capex guidance: $0.87-$0.93B.
- Identified ~2,500 total locations, including ~1,300 primary locations with 95% average return at $90 WTI oil.
- Expects to become cash flow positive in second half of 2023 and generate consistent free cash flow thereafter.

## SEC filing metadata
- accession: 0001437749-23-001620
- form_type: 8-K
- ticker: HPK
- cik: 0001792849
- company_name: HighPeak Energy, Inc.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792849/000143774923001620/0001437749-23-001620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792849/000143774923001620/hpe20230120_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-001620
- JSON: https://secwatch.observer/filing/0001437749-23-001620.json
- Plain text: https://secwatch.observer/filing/0001437749-23-001620.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.