NASDAQ$HPK

HighPeak Energy Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

HighPeak Energy reported Q1 2026 net loss of $127.4M ($(1.02) per diluted share) after derivative losses.

HighPeak Energy posted a net loss of $127.4 million, or $1.02 per diluted share, compared with net income of $36.3 million in Q1 2025. Results were driven by a $127.0 million net loss on derivatives and other items, partially offset by higher oil and gas sales. The company remains focused on Permian Basin development and hedge portfolio management.

  • Net loss $127.4M ($(1.02) per share) vs income $36.3M prior year.
  • Derivative losses $(127.0)M dominated the quarter.
  • Oil and gas operations remained core earnings driver before hedging.
  • Leverage and commodity price exposure remain key variables.

Headline financials

Total Revenue

$216M

Previous: $257M-16.1%
EPS (adj)

-$1.02

Previous: $0.26-492.3%
Capital Expenditures

-$78.9M

Previous: -$182M+56.7%
Net Income

-$127M

Previous: $36.3M-450.8%
Operating Income

$36M

Previous: $90.4M-60.1%

Revenue & EPS history

HighPeak Energy · Revenue · Quarterly

$216M

Q1 2026-16.1%vs Q1 2025
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Forward guidance

MD&A discusses drilling activity, hedge positions, and liquidity without quantitative production guidance in the 10-Q.

Tailwinds

  • Operational oil and gas cash flow before hedge marks.
  • Active development in Permian assets.

Headwinds

  • Mark-to-market derivative volatility can overwhelm operating results.
  • Commodity price and basis risk remain elevated.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.2%

Avg return

Earnings day

-1.3%

Avg return

5 days after

+6.5%

Avg return

30 days after

46%

13 / 28 earnings

Positive

+15.9%

Q3 2024

Best reaction

-11.9%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.0%-12.1%+11.5%
Q4 2025-2.7%+14.5%+8.4%
Q3 2025-1.0%-7.3%-0.2%
Q1 2025+3.4%-1.2%+14.0%
Q4 2024-7.4%+1.4%-28.3%
Q3 2024+15.9%+13.6%+16.5%
Q2 2024+7.0%+11.4%-0.8%
Q1 2024+9.2%-2.8%-3.5%
Q4 2023+1.2%-5.8%-1.0%
Q3 2023-3.4%-7.5%-15.2%
Q2 2023-2.8%-0.8%+5.4%
Q1 2023+1.2%-13.8%-6.3%
Q4 2022-10.7%-19.5%-16.6%
Q3 2022+6.2%-2.2%-12.5%
Q2 2022-0.8%-1.4%+14.3%
Q1 2022+8.5%-1.5%+25.8%
Q4 2021-11.0%-9.4%-7.0%
Q3 2021-2.0%-0.1%+5.7%
Q2 2021-3.3%-18.3%-14.3%
Q1 2021+5.0%+9.3%+17.6%
Q4 2020-11.9%-6.7%+13.2%
Q3 2020+13.8%+22.2%+151.1%
Q2 2020+0.5%+0.9%+1.1%
Q1 2020+0.5%+0.7%+0.9%
Q4 2019+0.0%+0.0%+0.7%
Q3 2019+0.0%-0.1%+0.1%
Q2 2019+0.3%+0.2%+0.3%
Q1 2019+0.0%+0.3%+0.5%

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