HighPeak Energy, Inc. filings document the regulatory record for a public oil and natural gas exploration and production company operating in the Midland Basin. Form 8-K disclosures cover quarterly financial and operating results, Regulation FD materials, capital budget and guidance releases, debt and liquidity matters, leadership appointments, control-related governance changes, and material definitive agreements.
The company’s SEC record also includes proxy materials addressing board matters, executive compensation, equity awards, and shareholder voting procedures; bylaws amendments; shelf registration and at-the-market common stock offering disclosures; and Form 25 notices related to warrant listing and registration status. These filings describe HighPeak’s capital structure, governance framework, securities offerings, and public-company reporting obligations.
HighPeak Energy, Inc. (HPK) agreed to sell 450,000 shares of Series A 6.0% Perpetual Convertible Preferred Stock for approximately $450 million in gross proceeds. PT Danantara Energy International agreed to purchase 250,000 shares and PT Tunas Harapan Perkasa 200,000. An $800 million debt commitment letter with Citigroup, N.A. and Fifth Third Bank, National Association is for refinancing the revolving credit agreement; a new reserve-based facility is expected to be completed with the investment closing. The investment is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Its proceeds, initial facility borrowings and available cash are expected to repay the existing $1.17 billion term loan in full.
Series A has no maturity date and cumulative quarterly dividends, expected to commence December 31, 2026, when, as and if declared by the board. From closing to, but excluding, the second anniversary, dividends are 6.0% cash or 7.5% in kind; from the second to, but excluding, the fifth anniversary, 7.5% cash or 9.0% in kind; thereafter, 10.0% per annum. Holders may convert at an initial $9.50 per-share conversion price, subject to customary adjustments.
HighPeak Energy, Inc. reported strong second-quarter 2026 results, with operating revenues of $272.4 million, up from $216.5 million a year earlier, driven mainly by higher crude oil sales of $260.4 million. Net income for the quarter rose to $82.3 million versus $26.2 million in 2025, and diluted EPS increased to $0.59. For the first six months of 2026, however, the company posted a net loss of $45.2 million compared with net income of $62.5 million in the prior-year period, largely influenced by a $103.6 million loss on derivative instruments year-to-date.
Total assets were $3.17 billion at June 30, 2026, including crude oil and natural gas properties, net, of $2.89 billion. Long-term debt, net of issuance costs, was $1.19 billion, with $120 million due within 12 months. Operating cash flow for the first half of 2026 was $180.5 million, down from $298.3 million a year earlier, while capital spending on oil and gas properties and acquisitions totaled about $188.5 million. The company is required under its amended Term Loan Credit Agreement to maintain significant crude oil hedging and is prohibited from paying quarterly common stock dividends until September 30, 2026. As of August 6, 2026, 126.5 million common shares were outstanding.
HighPeak Energy, Inc. reported strong second-quarter 2026 results, with sales volumes averaging 45.3 MBoe/d, 64% crude oil and 83% liquids. The company ran one rig and one frac crew, drilling 8 gross (7.7 net) wells, completing 16 gross (16.0 net) and turning in line 8 gross (8.0 net) wells. At June 30, 2026, it had 21 gross (20.4 net) horizontal wells in progress.
For the quarter, HighPeak generated $272.4 million in operating revenues and net income of $82.3 million, or $0.59 per diluted share. EBITDAX was $147.6 million, or $1.06 per diluted share, with unhedged EBITDAX of $49.09 per Boe. Average realized prices (unhedged) were $98.82/Bbl for oil and $66.11/Boe overall, while cash costs totaled $17.02 per Boe. Second-quarter capital expenditures were $107.5 million. For the first half of 2026, the company reported a net loss of $45.2 million but positive free cash flow of $23.5 million, supported by hedging, cost control and a detailed crude oil and natural gas derivatives portfolio.
HighPeak Energy, Inc. updated two of its key debt agreements to align their leverage covenant terms. On June 30, 2026, the company entered into a Fourth Amendment to its revolving Credit Agreement with Fifth Third Bank and other lenders. On June 25, 2026, it entered into a Third Amendment to its Term Loan Credit Agreement with Texas Capital Bank, Chambers Energy Management and other lenders. Both amendments, upon effectiveness, set the Total Net Leverage Ratio covenant to not exceed 2.25 to 1.00 for the fiscal quarter ending June 30, 2026.
HighPeak Energy, Inc. filed an amended report to disclose how often it will hold non-binding stockholder votes on executive pay. Based on stockholder voting at the June 2, 2026 annual meeting, the Board chose an advisory vote on compensation for Named Executive Officers every one year.
The company also noted it is required to hold a separate advisory vote on how often these say-on-pay votes should occur every six years, and the annual frequency will apply until that next required frequency vote.
COVINGTON KEITH reported acquisition or exercise transactions in this Form 4 filing.
HighPeak Energy director Keith Covington reported an equity grant of 18,940 shares of common stock. The award is structured as restricted stock with a stated price of $0.0000 per share, reflecting that it is compensation rather than an open-market purchase.
The restricted shares vest only if he continues serving on the board until the earlier of a change of control of HighPeak Energy, Inc. or the company’s next annual meeting. After this grant, he directly holds 83,711 shares of common stock.
Chernosky Jay M. reported acquisition or exercise transactions in this Form 4 filing.
HighPeak Energy director Jay M. Chernosky received an equity award of 18,940 shares of restricted common stock. The shares were granted at no cash cost and will vest if he continues serving on the board until the earlier of a change of control or the company’s next annual meeting. Following this grant, he directly holds 79,897 shares of HighPeak Energy common stock.
Fulgham Sharon F. reported acquisition or exercise transactions in this Form 4 filing.
HighPeak Energy, Inc. director Sharon F. Fulgham received an award of 18,940 shares of common stock as restricted stock. The grant carried a stated price of $0.00 per share, indicating it is compensation rather than an open-market purchase. After this award, she directly holds 84,427 shares. The restricted stock will vest only if she continues to serve on the board until the earlier of a change of control of the company or the date of the next annual meeting.
OLDHAM LARRY reported acquisition or exercise transactions in this Form 4 filing.
HighPeak Energy, Inc. director Larry Oldham reported an award of 18,940 shares of common stock as restricted stock compensation. The award carries a price of $0.00 per share and vests if he continues serving on the board until the earlier of a change of control or the next annual shareholder meeting.
After this grant, Oldham directly holds 85,710 shares of HighPeak Energy common stock. He also has an additional 28,500 shares held indirectly through a family limited partnership, which are reported as indirect ownership.
Edgeworth Jason A. reported acquisition or exercise transactions in this Form 4 filing.
HighPeak Energy, Inc. director Jason A. Edgeworth received a grant of 18,940 shares of common stock as a restricted stock award. The grant carries no cash purchase price. Following this award, he directly holds 60,683 shares of HighPeak Energy common stock.
The restricted shares vest only if he continues serving on the board until the earlier of a change of control of the company or the date of the next annual meeting. This grant represents compensation rather than an open-market share purchase or sale.