HighPeak Energy Q1 revenue falls, net loss widens

HighPeak Energy

06/05/2026 22:02

Overview

U.S. oil and gas producer's Q1 rev declined yr/yr as net loss widened

Adjusted EPS for Q1 was negative

Q1 production volumes rose 7.5% above guidance midpoint, driven by new wells and optimization

Outlook

Company plans to run one drilling rig and one frac crew for most of 2026

Company says it will continue maintenance capital program and prioritize corporate efficiency in 2026

Result Drivers

PRODUCTION OUTPERFORMANCE - Q1 production averaged 46,000 BOE/d, about 7.5% above guidance midpoint, driven by new wells and base optimization

LOWER OPERATING EXPENSES - Lease operating expenses were 17% below guidance and 22% below Q4 levels

DISCIPLINED CAPITAL SPENDING - Capital expenditures were kept under 30% of full-year plan, with 18 wells in progress at quarter end

Company press release: ID:nGNX7z5zbn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Miss
-$0.02
$0.04 (2 Analysts)
Q1 EPS
-$1.02
Q1 Net Income
-$127.45 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 $7.88, about 16% above its May 5 closing price of $6.79

The stock recently traded at 121 times the next 12-month earnings vs. a P/E of 76 three months ago

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.)