HighPeak Energy reported second-quarter results with production above its guidance range and lease operating expenses about 13% below the midpoint of full-year guidance. For the first half of 2026, production averaged 45,500 barrels of oil equivalent per day, while unit lease operating expense averaged $7.56 per BOE. Adjusted EBITDAX reached approximately $281 million in the first half. The company invested $185.9 million in the first half after accelerating completion work to capture favorable pricing and efficiency gains, and expects materially lower spending in the second half while maintaining strong production and free cash flow. HighPeak ended the quarter with $146 million in cash and plans to make $30 million quarterly term-loan payments beginning in the third quarter.
HighPeak Energy, IncQ2 production and costs beat guidance, with strong EBITDAX and plans for lower spending and free cash flow.
