Highpeak Energy Inc ( (HPK) ) has released its Q3 earnings. Here is a breakdown of the information Highpeak Energy Inc presented to its investors.
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HighPeak Energy, Inc. is a publicly traded independent crude oil and natural gas company based in Fort Worth, Texas, specializing in the acquisition, development, exploration, and exploitation of unconventional reserves in the Midland Basin.
In its third-quarter 2025 earnings report, HighPeak Energy, Inc. announced a net loss of $18.3 million, reflecting a challenging period marked by consistent sales volumes and strategic management changes. The company also highlighted its efforts to extend debt maturities and improve liquidity.
Key financial metrics for the quarter included an EBITDAX of $139.9 million and adjusted net income of $3.8 million. The company reduced capital expenditures by over 30% from the previous quarter and maintained stable lease operating expenses. Additionally, HighPeak extended all debt maturities to 2028, boosting liquidity by over $170 million.
Recent management changes saw Michael Hollis appointed as the permanent CEO and Jason Edgeworth as Chairman of the Board. The company declared a quarterly dividend of $0.04 per share, signaling a commitment to returning value to shareholders despite financial challenges.
Looking ahead, HighPeak Energy’s management is focused on addressing high debt levels and establishing a clear long-term plan. The company aims to deliver steady, consistent results through disciplined operations and strong asset management.