$HPK

Danantara Indonesia's investment arm, DIM, is investing $250 million in HighPeak Energy Inc., a U.S. oil and gas company operating in the Permian Basin. The investment, via convertible preferred stocks, aims to support HighPeak's asset development and aligns with DIM's strategic sector focus. HighPeak plans to use the funds to strengthen its capital structure and expand drilling programs, with potential benefits for Indonesia's energy sector.

Danantara and Energi Mega Persada (EMP) will invest $450m in US oil producer HighPeak Energy via preferred shares. The funds will refinance HighPeak's debt, with shares convertible to common stock. HighPeak aims to strengthen its balance sheet and develop Permian Basin assets. The transaction is expected to close in Q4 2026, subject to conditions.

HighPeak Energy (HPK) issued 450,000 Series A 6% Perpetual Convertible Preferred Shares to Danantara Energy and Tunas Harapan Perkasa. The shares have a $1,000 liquidation preference, convertible to common stock at $9.50, and offer dividend and redemption options. The company aims to raise capital and strengthen liquidity.

HighPeak Energy (NASDAQ: HPK) announced a $450M preferred equity investment and a new $800M credit facility. The company will use proceeds to repay its $1.17B term loan. Investors include PT Danantara Investment Management and PT Energi Mega Persada Tbk (IDX: ENRG). The transaction is expected to close in Q4 2026.

HighPeak Energy (HPK) shares increased 8% after Reuters reported the company is considering a potential sale. The oil and gas firm has received acquisition interest and is working with Evercore and Texas Capital Securities. No deal is certain yet.

Talos Energy (TALO), Transocean (RIG), HighPeak Energy (HPK), and Murphy Oil (MUR) shares rose 5.1%, 2.9%, 3.1%, and 4.3% respectively, following President Trump's announcement of economic measures against Iran, which drove up oil prices. Talos Energy has gained 60.3% year-to-date, reaching a 52-week high of $18.04 per share.

HighPeak Energy (HPK) reported Q2 2026 revenue of $272.4 million, including $260.4 million from crude oil sales, and net income of $82.3 million ($0.59/diluted share). EBITDAX was $147.6 million. Production averaged 45.3 MBoe/d, with liquids 83%. Management said 69% of annual development work was completed in H1 and expects lower capex in H2.

Bloomberg reports U.S. shale operators are cutting spending despite higher international oil prices to reduce debt and increase shareholder returns. Chevron and ConocoPhillips cut first-half spending 10%, and Occidental reduced Permian operations by up to a fifth. IEA projects a 1.8 million bpd global deficit; EIA shows May U.S. crude output at 13.714 million bpd.

Stocks rose after Iran said it would not extend a 60-day US memorandum aimed at reopening the Strait of Hormuz and negotiating a nuclear deal. CNBC and Reuters cited US timing uncertainty and an Iranian shift to offense if talks fail. Energy shares including ProPetro (PUMP), Patterson-UTI (PTEN) and HighPeak Energy (HPK) gained, with WTI above $81 and Brent near $90.

HighPeak Energy held its Q2 earnings call, with management citing pull-forward of well completions, drilling and completion efficiency gains, and lower operating costs to support improved returns and free cash flow. CEO Michael Hollis said $30 million per quarter debt paydown will continue, with caution on extra prepayments. Analysts asked about production timing, drilling into 2027, liquidity, workovers, and gas volumes. HPK trades at $7.44.