HighPeak Energy (HPK)
NASDAQ:HPK
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
<0.01Last Year’s EPS
0.1Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, meaningful cost and capital efficiency gains, a material free-cash-flow turnaround (adjusted for working capital), and strategic balance-sheet optionality. Key positives include production above guidance, LOE down significantly, >60% improvement in oil produced per capital dollar, and high-margin production from workovers. Negatives include a sizable derivatives mark-to-market loss, a one-time working capital drag (~USD 35M), removal of ~18 wells from inventory due to water encroachment, and a deliberate reduction in growth-oriented capital spending that limits near-term volume expansion. On balance, highlights materially outweigh the lowlights given the operational and cash-generation improvements and management's clear capital discipline.Company Guidance
Production Beats Guidance
Total production averaged ~46,000 BOE/day in Q1, ~7.5% above the midpoint of guidance; oil production rose ~10% quarter-over-quarter, driven by new wells and base optimization.
Significant LOE Improvement
Lease operating expense (LOE) per BOE came in >17% below guided range and ~22% below Q4 levels; absolute operating cost declined by ~USD 7.4 million quarter-over-quarter.
Capital Discipline and Spend Pace
Capital spending was ~29% of full-year budget in Q1 (drilling/turn-in-line activity ~1/3 of planned 2026 program); company remains on track to deploy ~60% of 2026 capital in H1.
Efficiency: More Oil Per Dollar Invested
Net oil produced per million dollars of capital improved >60% QoQ, from ~21,500 to ~35,400 barrels per $1MM of capital, indicating a large step-change in capital efficiency.
Workover Program Yielding High-Margin Volume
Executed 16 targeted workover projects that increased production from ~1,600 BOPD to ~2,600 BOPD (≈+1,000 BOPD total), representing ~63% average production uplift per well with low capital intensity.
Free Cash Flow Turnaround
Excluding working capital effects, generated >USD 21 million of free cash flow in Q1 versus negative USD 42 million in the prior quarter (≈USD 63M improvement).
Hedge Positioning and Commodity Exposure
Management reports ~40% average exposure to spot oil (midpoint of guidance and current hedge book) with a hedge floor in the mid‑USD 60s per barrel, providing upside participation and downside protection.
Balance Sheet Optionality
Established an at-the-market (ATM) program to issue up to USD 150 million of common stock for balance sheet flexibility (no obligation to issue shares).
Infrastructure and Water Handling Capacity
Water-handling infrastructure (SWD and pipelines) capacity exceeds ~400,000 barrels/day; current produced water ~210–220k bbl/day (~45–50% utilization), supporting operational scale and recycling (~95% reuse for stimulation).
Strategic Shift to Maintenance-Mode Development
Capital program reduced ~50% versus prior year, aiming to hold production roughly flat while maximizing free cash flow and prioritizing returns over volume growth.
HPK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HPK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $6.18 | $5.59 | -9.55% |
Mar 11, 2026 | $5.85 | $5.69 | -2.74% |
Nov 05, 2025 | $6.08 | $5.21 | -14.30% |
Aug 11, 2025 | $8.34 | $7.22 | -13.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does HighPeak Energy (HPK) report earnings?
HighPeak Energy (HPK) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is HighPeak Energy (HPK) earnings time?
HighPeak Energy (HPK) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HPK EPS forecast?
HPK EPS forecast for the fiscal quarter 2026 (Q2) is <0.01.