HighPeak Energy Q3 revenue rises on higher production
Overview
US oil and gas producer's Q3 revenue rose yr/yr
HighPeak announced $450 mln preferred equity investment and $800 mln credit facility to refinance debt
Outlook
Company raises 2026 average daily production guidance to 44,500–45,500 Boe/d
HighPeak lowers 2026 lease operating expense guidance to $8.00–$8.25 per Boe
Company increases 2026 capital expenditures guidance to $310–$320 mln
Result Drivers
HIGHER PRODUCTION - Co said Q3 production exceeded expectations, averaging 44,200 Boe/d, supported by operational efficiency improvements
IMPROVED EFFICIENCY - Drilling efficiencies allowed co to maintain steady activity and reinvest gains into additional opportunities
LOWER OPERATING COSTS - Lease operating expenses fell to $6.70 per Boe in Q3, contributing to margin improvement
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $256.82 mln | $240.65 mln (2 Analysts) |
Q3 Adjusted EPS | Beat | $0.32 | $0.03 (2 Analysts) |
Q3 Loss Per Share | $0.44 | ||
Q3 Net Loss | $55.70 mln | ||
Q3 EBITDAX | $163.80 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
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 $10.00, about 40.1% above its November 6 closing price of $7.14
Reuters Recommended Reads
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(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.)