HighPeak Energy turns to Q1 FY26 net loss of $127.4 million; revenue drops 21% to $215.9 million

• HighPeak Energy posted a net loss of $127.4 million, or $(1.02) per diluted share, swinging from net income of $36.3 million.
• Revenue fell 21% to $215.9 million on a 14% drop in average daily sales volumes to 45,629 Boepd.
• Loss on derivative instruments widened to $157 million, including a $139.6 million noncash mark-to-market loss.
• Cash provided by operating activities slid to $54.2 million from $157.1 million.
• Company maintained one drilling rig, completed 12 gross horizontal wells, guided 2026 capital budget to $255 million-$285 million, and flagged uncertainty around covenant compliance when leverage and asset coverage tests reset to more stringent levels in second-quarter 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highpeak Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-015191), on May 06, 2026, and is solely responsible for the information contained therein.