HighPeak Energy, Inc. Announces Third Quarter 2025 Financial and Operating Results and Recent Management Changes

Core Viewpoint HighPeak Energy, Inc. reported its financial and operational results for the third quarter of 2025, highlighting a net loss, management changes, and a focus on improving operational efficiency and financial discipline. Financial Results - HighPeak reported a net loss of $18.3 million for Q3 2025, equating to a loss of $0.15 per diluted share [6][29] - EBITDAX for the quarter was $139.9 million, or $1.01 per diluted share [6][39] - Adjusted net income was $2.9 million, or $0.02 per diluted share [6][43] - Capital expenditures totaled $86.6 million, a reduction of over 30% compared to the previous quarter [7][9] - The company extended all debt maturities to September 2028 and increased liquidity by over $170 million [7] Operational Update - Average sales volumes for Q3 2025 were 47.8 MBoe/d, with approximately 66% being crude oil and 83% liquids [4][34] - The company operated one drilling rig and less than one frac crew, drilling 6 gross (6.0 net) horizontal wells and turning in line 9 gross (8.9 net) producing wells [5] - As of September 30, 2025, HighPeak had 19 gross (19.0 net) horizontal wells in various stages of drilling and completion [5] Management Changes - Michael Hollis was appointed as the permanent Chief Executive Officer, with Jason Edgeworth as Chairman of the Board [7][14] - The management emphasized a commitment to rebuilding trust through consistent results and disciplined operations [3] Dividend Declaration - The Board of Directors declared a quarterly dividend of $0.04 per share, amounting to approximately $5.0 million, payable in December 2025 [7][14] Hedging Activities - As of September 30, 2025, HighPeak had various outstanding crude oil and natural gas derivative instruments, with specific prices and volumes outlined for future settlements [10][11]