HighPeak Energy posts Q4 net loss, suspends dividend in Q1

HighPeak Energy

11/03/2026 20:17

Overview

U.S. oil and gas producer posted Q4 net loss and negative EPS as revenues declined yr/yr

Company cut 2026 capital budget by nearly 50% to align spending with cash flow

Board suspended dividend in Q1 2026 to boost annual liquidity by $20-$25 mln

Outlook

HighPeak expects 2026 capital expenditures of $255-$285 mln, down nearly 50% yr-over-yr

Company forecasts 2026 average daily production of 41,000–44,000 Boe/d, with oil at 67-68%

Result Drivers

LOWER REALIZED PRICES - Co said Q4 average realized prices for crude oil and NGLs declined compared to prior periods, affecting revenues

HIGHER OPERATING COSTS - Lease operating expenses per Boe increased in Q4, partially offsetting cost reductions elsewhere

Company press release: ID:nGNXwj4GQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$0.21
Q4 Net Income
-$25.2 mln
Q4 EBITDAX
$113.9 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

Wall Street's median 12-month price target for Highpeak Energy Inc is $8.50, about 54.5% above its March 10 closing price of $5.50

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)