---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-021485"
form_type: "8-K"
ticker: "HPK"
cik: "0001792849"
company_name: "HighPeak Energy, Inc."
filed_at: "2025-06-30T23:59:59+00:00"
generated_at: "2026-05-18T14:25:57.759386+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HighPeak Energy announces $725M senior notes offering to refinance debt, discloses operational updates

## Summary
- $725M aggregate principal of Senior Notes due 2030 offered; proceeds to refinance existing debt and establish new $2.0B revolver with $720M initial borrowing base.
- Production grew from 1.9 MBoe/d in 2020 to ~50 MBoe/d in 2024; proved reserves increased from 22.5 MMBoe to 199.0 MMBoe (72% CAGR).
- 2024 reserve replacement ratio of 345%; 2025 capex budget ~20% lower than 2024, expected to hold production flat.
- Net leverage pro forma ~1.3x, target <1.0x; quarterly dividend unchanged at $0.04/share until target reached.
- Hedging in place for 18.1 MBbl/d oil and 30,000 MMBtu/d gas through Q4 2025, plus 2026 and Q1 2027 positions.

## SEC filing metadata
- accession: 0001437749-25-021485
- form_type: 8-K
- ticker: HPK
- cik: 0001792849
- company_name: HighPeak Energy, Inc.
- filed_at: 2025-06-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792849/000143774925021485/0001437749-25-021485-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792849/000143774925021485/hpe20250623_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-021485
- JSON: https://secwatch.observer/filing/0001437749-25-021485.json
- Plain text: https://secwatch.observer/filing/0001437749-25-021485.txt

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