HighPeak Energy reports Q1 net loss $127.4M, launches $150M at-the-market stock offering

HighPeak Energy, Inc.

2026-Q1 EPS reported -$1.02 revenue$215,885,000

Net loss $127.4M ($1.02/diluted share); adjusted net loss $2.7M ($0.02/share).
Production averaged 45.6k BOE/d, 7.5% above guidance midpoint; oil production up 10% QoQ.
Lease operating costs $6.53/BOE, 17% below guidance and 22% below Q4 2025.
Generated $20M+ free cash flow (excl. working capital changes); capex $78.4M in Q1.
New ATM sales agreement to sell up to $150M of common stock; proceeds for general corporate purposes.

item 1.01 item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HighPeak Energy, Inc. reported first quarter ended March 31, 2026 results: net income net loss of $127.4 million, EPS $1.02 per diluted share.

Period: first quarter ended March 31, 2026
Net income: net loss of $127.4 million
EPS: $1.02 per diluted share
Result: reported results

Exact text from the filing

HighPeak reported a net loss of $127.4 million for the first quarter 2026, or $1.02 per diluted share

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HighPeak Energy, Inc. entered into Sales Agreement with Roth Capital Partners, LLC and USCA Securities LLC valued at up to $150 million (effective 2026-05-06).

Action: entry
Agreement: atm program
Counterparty: Roth Capital Partners, LLC and USCA Securities LLC
Value: up to $150 million
Effective: 2026-05-06

Exact text from the filing

On May 6, 2026, HighPeak Energy, Inc., a Delaware corporation (the “Company”), entered into a Sales Agreement (the “Sales Agreement”) with Roth Capital Partners, LLC, as lead agent (the “Lead Agent”) and USCA Securities LLC (“USCA,” and together with the Lead Agent, the “Agents” and each, an “Agent”), pursuant to which the Company may offer and sell, from time to time, through or to the Agents, shares (“Placement Shares”) of common stock of the Company, $0.0001 par value per share (the “Common Stock”), having an aggregate offering price of up to $150 million (the “ATM Program”).

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HighPeak Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-015209

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