Welcome to our dedicated page for Highpeak Energy，Inc SEC filings (Ticker: HPK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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. has filed a prospectus supplement for an at-the-market offering of its common stock with an aggregate offering price of $150,000,000 under its effective shelf registration (Form S-3, Reg. No. 333-291266). Sales may be made from time to time through Roth Capital Partners, LLC (lead agent) and USCA Securities LLC as agents, at market prices on Nasdaq under the symbol HPK. The Agents’ commission is up to 3.00% of gross sales. Net proceeds are planned for general corporate purposes, which may include paying or refinancing indebtedness. The offering is governed by a Sales Agreement dated May 6, 2026, and settlement is expected generally one trading day after sale.
HighPeak Energy entered a Sales Agreement for an at-the-market equity program allowing it to sell up to $150 million of common stock through Roth Capital Partners and USCA Securities, with proceeds earmarked for general corporate purposes including potential debt refinancing.
For Q1 2026, the company reported operating revenues of $215.9M and a net loss of $127.4M, or $1.02 per diluted share, driven largely by a $157.0M net loss on derivative instruments. EBITDAX was $133.5M, while average sales volumes were 45.6 MBoe/d, 68% crude oil.
Cash from operations was $54.2M against capital expenditures of $78.8M, resulting in negative free cash flow of $14.1M. Cash and cash equivalents ended the quarter at $95.8M, and no dividend was declared compared with a prior-year dividend of $0.04 per share.
HighPeak Energy, Inc. reported first-quarter 2026 operating revenues of $215.9M, down from $272.3M a year earlier, as crude oil sales declined. Income from operations fell to $36.0M from $90.4M, and a large $157.0M loss on derivative instruments drove a net loss of $127.4M compared with net income of $36.3M in 2025.
Net cash provided by operating activities decreased to $54.2M from $157.1M, while capital costs incurred, including acquisitions, were $78.6M. Cash and cash equivalents were $95.8M and total debt under the Term Loan Credit Agreement was $1.2B. The company recorded total assets of $3.13B and stockholders’ equity of $1.47B, with 126,358,104 common shares outstanding as of April 30, 2026.
HighPeak Energy, Inc. filed a current report describing a change to its corporate governance documents. On April 30, 2026, the Board of Directors approved a minor addition to the company’s Second Amended and Restated Bylaws, effective immediately. The amended Bylaws are included as Exhibit 3.1 to the report and are incorporated by reference for full details.
HighPeak Energy, Inc. is holding its 2026 Annual Meeting of Stockholders on June 2, 2026 at 10:00 a.m. Central Time in Fort Worth, Texas. Stockholders of record as of April 8, 2026 may vote in person, online, by telephone or by mailing a proxy card.
Stockholders will vote on four items: electing three Class C directors to serve until the 2029 annual meeting, an advisory vote on 2025 executive compensation, an advisory vote on how often future say‑on‑pay votes should occur, and ratifying Weaver as independent registered public accounting firm for 2026.
The proxy statement also describes Board and committee structure, governance practices, executive and director pay, the long‑term incentive plan reserving 13% of outstanding shares, and a Change in Control Plan that may provide discretionary cash payments and equity vesting protections to employees, including named executive officers.
HighPeak Energy files its annual report detailing operations in the Midland Basin and updated reserve and valuation metrics. As of December 31, 2025, it held 154,472 gross (142,560 net) acres with an average working interest of about 92% and operated roughly 98% of its net acreage.
Proved reserves were 173,891 MBoe, down from 198,998 MBoe a year earlier, and were 83% crude oil and NGL with 55% developed. 2025 production totaled 17,628 Mboe, and PV-10 of proved reserves was reported at about $2.06 billion, below prior-year levels, reflecting lower commodity prices and reserve revisions. The company plans $255–$285 million of 2026 capital spending and expects to fund this through cash, operating cash flow and credit facilities while running about one drilling rig and one frac crew.
HighPeak Energy reported weaker 2025 results and is pivoting to balance sheet protection. Full-year net income was $19.0 million, or $0.14 per diluted share, down sharply from $95.1 million in 2024, and the fourth quarter showed a $25.2 million net loss. Sales volumes averaged 48.3 MBoe/d in 2025, 68% oil, generating EBITDAX of $607.1 million but negative free cash flow of $37.8 million after $511.8 million of capital spending.
For 2026, the company plans a more conservative program with one rig and one frac crew, targeting 28–30 operated wells drilled, 36–38 wells turned-in-line, and total capital expenditures of $255–$285 million. Expected 2026 production is 41,000–44,000 Boe/d with 67–68% oil, and unit lease operating, gathering and G&A costs are guided to mid-teens dollars per Boe. To increase liquidity by an estimated $20–$25 million annually and accelerate debt reduction, the board has suspended the dividend after paying $0.16 per share in 2025.
Year-end 2025 proved reserves were 174 MMBoe, 66% oil, with PV‑10 of about $2.1 billion, and proved developed reserves of 96 MMBoe. HighPeak has also expanded its crude oil and natural gas hedging program through 2027 at fixed and collar prices around SEC pricing levels to mitigate commodity volatility while it focuses on strengthening its financial position.
HighPeak Energy, Inc. President and CEO Michael L. Hollis, who also serves as a director, reported the acquisition of 550,000 shares of restricted common stock on January 9, 2026 at a price of $0 per share. After this grant, he directly holds 1,978,312 shares of HighPeak common stock.
The restricted shares vest in three equal installments: one-third on the first anniversary of the grant date, one-third on the second anniversary, and one-third on the third anniversary. The filing also notes 1,860 shares held by each of his sons as indirect holdings, and Hollis expressly disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.
HighPeak Energy, Inc. reported that its Chief Accounting Officer and Controller, Keith E. Forbes, received an award of 25,000 shares of restricted common stock on 01/09/2026 at a stated price of $0 per share. These restricted shares vest in three equal installments: one-third on each of the first, second, and third anniversaries of the grant date.
After this award, Mr. Forbes directly holds 25,000 shares of common stock. He also has indirect ownership of 14,000 shares held through his investment vehicle and an additional 250 shares held by his wife, for which he disclaims beneficial ownership except to the extent of any pecuniary interest.