HPK · Highpeak Energy, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $215.88M | - | $188.86M | $200.40M | $257.45M | - | $271.58M | $275.27M | $287.76M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $5.75M | - | $9.33M | $5.67M | $6.34M | - | $4.97M | $4.74M | $4.68M | - |
| Total Operating Expenses | $179.82M | - | $156.03M | $154.47M | $167.07M | - | $196.73M | $186.01M | $184.74M | - |
| D&A | $113.01M | - | $100.64M | $101.23M | $109.33M | - | $136.58M | $127.69M | $130.85M | - |
| Operating Income | $36.02M | - | $32.61M | $43.44M | $90.38M | - | $73.44M | $87.26M | $103.02M | - |
| Interest Expense | $35.04M | - | $37.15M | $36.41M | $36.99M | - | $42.58M | $42.99M | $43.63M | - |
| Income Tax | ($27.65M) | - | ($3.57M) | $7.66M | $9.94M | - | $15.44M | $14.25M | $2.30M | - |
| Net Income | ($127.45M) | - | ($18.34M) | $26.18M | $36.34M | - | $49.93M | $29.72M | $6.44M | - |
| EPS - Basic | ($1.02) | - | ($0.15) | $0.19 | $0.26 | - | $0.36 | $0.21 | $0.05 | - |
| EPS - Diluted | ($1.02) | - | ($0.15) | $0.19 | $0.26 | - | $0.35 | $0.21 | $0.05 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $95.83M | $162.07M | $164.91M | $21.85M | $51.62M | $86.65M | $135.57M | $157.91M | $173.38M | $194.51M |
| Accounts Receivable | $98.50M | $55.55M | $54.56M | $71.42M | $78.36M | $85.24M | $76.44M | $87.56M | $109.00M | $94.59M |
| Inventory | $4.36M | $7.65M | $9.91M | $6.82M | $8.71M | $10.95M | $7.97M | $7.82M | $11.18M | $7.25M |
| Accounts Payable | $51.20M | $84.31M | $44.62M | $64.29M | $66.47M | $74.01M | $52.56M | $40.45M | $47.27M | $63.58M |
| Current Assets | $212.10M | $259.90M | $251.34M | $122.22M | $152.60M | $195.01M | $248.75M | $258.64M | $298.98M | $328.83M |
| Total Assets | $3.13B | $3.21B | $3.20B | $3.09B | $3.09B | $3.06B | $3.06B | $3.06B | $3.05B | $3.08B |
| Current Liabilities | $317.08M | $230.26M | $152.69M | $140.69M | $298.87M | $284.63M | $259.63M | $278.86M | $287.96M | $287.39M |
| Long-term Debt | $1.10B | $1.13B | $1.16B | $1.03B | $902.84M | $928.38M | $953.83M | $979.27M | $1.00B | $1.03B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.47B | $1.59B | $1.63B | $1.65B | $1.63B | $1.60B | $1.61B | $1.57B | $1.55B | $1.55B |
| Retained Earnings | $305.10M | $432.55M | $463.29M | $487.20M | $466.60M | $435.83M | $432.45M | $388.13M | $364.05M | $363.28M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $54.20M | - | - | - | $157.05M | - | - | - | $171.44M | - |
| Investing Cash Flow | ($114.35M) | - | - | - | ($156.59M) | - | - | - | ($148.22M) | - |
| Financing Cash Flow | ($6.09M) | - | - | - | ($35.49M) | - | - | - | ($44.35M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 16.7% | - | 17.3% | 21.7% | 35.1% | - | 27.0% | 31.7% | 35.8% | - |
| EBITDA margin | 69.0% | - | 70.6% | 72.2% | 77.6% | - | 77.3% | 78.1% | 81.3% | - |
| Net margin | -59.0% | - | -9.7% | 13.1% | 14.1% | - | 18.4% | 10.8% | 2.2% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.7% | - | 4.9% | 2.8% | 2.5% | - | 1.8% | 1.7% | 1.6% | - |
| Effective tax rate | - | - | - | 22.6% | 21.5% | - | 23.6% | 32.4% | 26.3% | - |
| Return on assets | -4.1% | - | -0.6% | 0.8% | 1.2% | - | 1.6% | 1.0% | 0.2% | - |
| Return on equity | -8.7% | - | -1.1% | 1.6% | 2.2% | - | 3.1% | 1.9% | 0.4% | - |
| Return on invested capital | 1.1% | - | 0.9% | 1.3% | 2.8% | - | 2.2% | 2.3% | 3.0% | - |
| Liquidity | ||||||||||
| Current ratio | 0.67 | 1.13 | 1.65 | 0.87 | 0.51 | 0.69 | 0.96 | 0.93 | 1.04 | 1.14 |
| Quick ratio | 0.66 | 1.10 | 1.58 | 0.82 | 0.48 | 0.65 | 0.93 | 0.90 | 1.00 | 1.12 |
| Cash ratio | 0.30 | 0.70 | 1.08 | 0.16 | 0.17 | 0.30 | 0.52 | 0.57 | 0.60 | 0.68 |
| Leverage | ||||||||||
| Debt / Equity | 0.75 | 0.71 | 0.71 | 0.62 | 0.55 | 0.58 | 0.59 | 0.62 | 0.65 | 0.66 |
| Debt / Assets | 0.35 | 0.35 | 0.36 | 0.33 | 0.29 | 0.30 | 0.31 | 0.32 | 0.33 | 0.33 |
| Debt / EBITDA | 7.36 | - | 8.72 | 7.10 | 4.52 | - | 4.54 | 4.56 | 4.30 | - |
| Interest coverage | 1.0x | - | 0.9x | 1.2x | 2.4x | - | 1.7x | 2.0x | 2.4x | - |
| Equity multiplier | 2.13 | 2.02 | 1.97 | 1.87 | 1.89 | 1.91 | 1.91 | 1.95 | 1.97 | 1.98 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.06 | 0.06 | 0.08 | - | 0.09 | 0.09 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 167d | - | 105d | 130d | 111d | - | 103d | 116d | 138d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 51.6x | 48.7x | - | 39.7x | 67.0x | 315.4x | - |
| P / B | 0.6x | - | 0.5x | 0.7x | 1.0x | - | 1.1x | 1.2x | 1.3x | - |
| P / S | 4.0x | - | 4.7x | 6.2x | 6.3x | - | 6.6x | 6.6x | 7.1x | - |
| EV / EBITDA | 12.5x | - | 14.1x | 15.5x | 12.3x | - | 12.4x | 12.3x | 12.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -16.1% | - | -30.5% | -27.2% | -10.5% | - | -21.4% | 14.3% | 28.6% | - |
| Revenue CAGR (3y) | -1.2% | - | -2.6% | -0.2% | 40.8% | - | 78.8% | 78.7% | 296.3% | - |
| Revenue CAGR (5y) | 115.7% | - | 165.1% | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -60.1% | - | -55.6% | -50.2% | -12.3% | - | -49.7% | 2.7% | 16.3% | - |
| Net income growth (YoY) | - | - | - | -11.9% | 464.4% | - | 28.8% | -6.6% | -87.2% | - |
| EPS growth (YoY) | - | - | - | -9.5% | 420.0% | - | 25.0% | -16.0% | -87.2% | - |
| EPS CAGR (3y) | - | - | - | -33.3% | - | - | 63.6% | 51.8% | 0.0% | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -10.1% | -0.5% | 1.3% | 5.3% | 5.5% | 3.2% | 10.3% | 25.1% | 26.8% | 32.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$863.36M totalCrude Oil Sales$785.98M · 91.0%
Natural Gas And NGLSales$77.38M · 9.0%
Peer comparison
Same SIC group: Drilling Oil & Gas Wells
Comparing HighPeak Energy against the 5 most active filers in the same SIC group.
Dividends
$0.08/share trailing 12 months · -50.0% YoY
| Ex-date | Per share |
|---|---|
| Dec 1, 2025 | $0.0400 |
| Sep 2, 2025 | $0.0400 |
| Jun 2, 2025 | $0.0400 |
| Mar 3, 2025 | $0.0400 |
| Dec 2, 2024 | $0.0400 |
| Sep 3, 2024 | $0.0400 |
| Jun 3, 2024 | $0.0400 |
| Feb 29, 2024 | $0.0400 |
| Oct 31, 2023 | $0.0250 |
| Aug 7, 2023 | $0.0250 |
| Apr 28, 2023 | $0.0250 |
| Jan 31, 2023 | $0.0250 |
| Oct 31, 2022 | $0.0250 |
| Jul 29, 2022 | $0.0250 |
| Apr 29, 2022 | $0.0250 |
| Jan 31, 2022 | $0.0250 |
| Oct 14, 2021 | $0.0250 |
| Jul 14, 2021 | $0.1000 |