Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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<div><ul><li style="list-style-type: square;">We expect HighPeak will continue to balance the company’s development program with its long-term goal of reducing leverage. </li><li style="list-style-type: square;">The FY25 estimated capital program is $448-490 million, including ~$35 million of one-time infrastructure projects that were completed in 1H25. </li><li style="list-style-type: square;">Estimated drilling-related capital is $375-405 million. </li></ul></div>

We expect HighPeak will continue to balance the company’s development program with its long-term goal of reducing leverage. The FY25 estimated capital program is $448-490 million, including ~$35 million of one-time infrastructure projects that were completed in 1H25. Estimated drilling-related capital is $375-405 million. 

Highpeak Energy Inc.: Seeking Balance Between Development and Deleveraging - 28 October 2025

HighPeak Energy Inc

Highpeak Energy Inc.: Seeking Balance Between Development and Deleveraging - 28 October 2025