---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013574"
form_type: "8-K"
ticker: "HPK"
cik: "0001792849"
company_name: "HighPeak Energy, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:51:24.252865+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HighPeak Energy Q1 net income $50.3M; cuts 2023 drilling rigs from 4 to 2, lowers capex ~$250M

## Summary
- Net income $50.3M ($0.39 EPS), EBITDAX $173.9M; production 37,222 Boe/d (85% oil, up >200% YoY).
- Reduces 2023 drilling rigs to 2 (from 4) effective June; completion crews to 2; capex lowered ~$250M.
- 2023 production guidance 45-51k Boe/d avg, exit 55-61k; 2024 guidance 60-66k avg, exit 68-76k.
- Cash margin $52.56/Boe (79% of realized); realized price $66.80/Boe (88% of WTI); cash costs $14.25/Boe.
- Long-term debt $895M, cash $47.5M; quarterly dividend $0.025/share ($2.8M).

## SEC filing metadata
- accession: 0001437749-23-013574
- form_type: 8-K
- ticker: HPK
- cik: 0001792849
- company_name: HighPeak Energy, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792849/000143774923013574/0001437749-23-013574-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792849/000143774923013574/hpe20230508_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013574
- JSON: https://secwatch.observer/filing/0001437749-23-013574.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013574.txt

## Key facts
- Earnings Releases
  HighPeak Energy, Inc. reported the quarter ended March 31, 2023 results: net income $50.3 million, EPS $0.39 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Net income: $50.3 million
  - EPS: $0.39 per diluted share
  - Result: reported results
  source text: HighPeak reported net income of $50.3 million for the first quarter of 2023, or $0.39 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1792849/000143774923013574/0001437749-23-013574-index.htm

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