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

Equity Research Firm

Equity Bottom-Up

<div><ul><li>HighPeak is singularly focused on deleveraging the balance sheet to place it in a better position to realize long-term value from converting its inventory of development locations into proved reserves and cash flow. </li><li>The strategy, adopted in 2H25, emphasizes maximizing the company’s corporate efficiency though capital discipline to generate free cash flow for debt reduction.</li><li>The midpoint of FY26 capex guidance is ~50% lower than 2025 capex. </li></ul></div>

HighPeak is singularly focused on deleveraging the balance sheet to place it in a better position to realize long-term value from converting its inventory of development locations into proved reserves and cash flow. The strategy, adopted in 2H25, emphasizes maximizing the company’s corporate efficiency though capital discipline to generate free cash flow for debt reduction.The midpoint of FY26 capex guidance is ~50% lower than 2025 capex. 

HPK: 2026 Focused on Strengthening HPK's Foundation to Realize Future Value

HighPeak Energy Inc

HPK: 2026 Focused on Strengthening HPK's Foundation to Realize Future Value