HighPeak Energy reported second quarter 2026 net income of $82.3 million, or $0.59 per diluted share, driven by average production of 45.3 MBoe/d and favorable commodity pricing with an overall realized price of $66.11 per Boe. The company incurred total capital expenditures of $107.5 million while maintaining one drilling rig and one frac crew, resulting in first-half operating expenses that were 13% below guidance midpoint. HighPeak operates as an independent crude oil and natural gas exploration and production company focused on the Midland Basin.

HighPeak Energy, Inc. entered into two credit agreement amendments to adjust the Total Net Leverage Ratio to not exceed 2.25 to 1.00 for the fiscal quarter ending June 30, 2026. The Fourth Amendment to the Credit Agreement with Fifth Third Bank, National Association, is effective June 30, 2020, and the Third Amendment to the Term Loan Credit Agreement with Texas Capital Bank and Chambers Energy Management, LP, is effective June 25, 2026. HighPeak Energy, Inc. operates in the energy sector as an oil and gas exploration and production company.