Short answer
HighPeak Energy, Inc. (HPK) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $216M (down 16.1% year over year) with net income of −$127M.
Q1 2026 key financials · XBRL
- Revenue
- $216M
- −16.1% YoY
- Net income
- −$127M
- −450.8% YoY
- Operating margin
- 16.7%
- EPS (diluted)
- −$1.02
- −492.3% YoY
Source: XBRL data from the HighPeak Energy, Inc. (HPK) Q1 2026 10-Q on SEC EDGAR. USD.
HighPeak Energy, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $215.885M, down 21% YoY from $272.311M
- Net loss $127.4M vs net income $36.3M YoY, driven by $157.0M derivative loss
- Realized price per Boe $52.57 vs $56.95, while crude oil $71.79/Bbl outperformed NGL $17.22/Bbl and gas $1.32/Mcf
- Operating cash flow $54.2M vs $157.1M YoY; development and exploration costs $78.443M
- Outlook: one drilling rig, monthly activity reviews, covenant pressure as ratios reset in second quarter 2026
Risk Factors
- No material changes to Annual Report risk factors during quarter
- Term Loan Credit Agreement amended March 5, 2026, indicating updated financing arrangements
- Senior Credit Facility Agreement amended March 5, 2026, affecting borrowing terms
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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