Filing Flows › HighPeak Energy (HPK) › Q3 2026
HighPeak Energy (HPK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
HighPeak Energy (HPK) reported revenue of $257M for the third quarter 2026 (Q3 2026), +23% from a year earlier and -6% from the quarter before. Operating margin was 27.9%, net loss $55.7M (21.7% of revenue).
HighPeak Energy, Q3 2026: revenue $257M (+23% year over year), operating margin 27.9%, net loss $55.7M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $257M | -6% | +23% |
| Operating profit | $71.7M | -11% | +120% |
| Net earnings | −$55.7M | -168% | — |
| Operating cash flow | $110M | -13% | -9% |
| Free cash flow | $38.4M | +105% | +20% |
What changed
Revenue was $256.8M in Q3 2026, up 23% year over year and down 6% from the previous quarter. Crude Oil Sales was the largest line at 92% of revenue. Crude Oil Sales added $45.0M year over year (up 24%), 94% of the total change.
Operating profit was $71.7M, a 27.9% margin (up 12.3 points year over year). Of the extra revenue versus Q3 2025, 81% reached operating profit, above the 16% margin then. Total costs grew 5% against revenue growth of 23%. The quarter ended with a net loss of $55.7M, after a profit of $82.3M the previous quarter. Net interest and other expense of $142.8M was the main reason.
Operating cash flow was $109.6M (down 9% year over year). Non-cash charges added back $101.2M of depreciation and amortization and $875K of share-based compensation. Working capital and other items added $63.2M. Capital expenditures of $71.2M left free cash flow of $38.4M.
Questions
What was HighPeak Energy's revenue in the third quarter 2026?
HighPeak Energy (HPK) reported revenue of $257M for the third quarter 2026 (Q3 2026), +23% from a year earlier and -6% from the quarter before.
Was HighPeak Energy profitable in the third quarter 2026?
Operating profit was $71.7M (27.9% of revenue) and net loss $55.7M.
Source: HighPeak Energy 10-Q on SEC EDGAR.