HighPeak Energy (HPK) Financials

$5.97 +0.15 (+2.58%)

Closing price 04:00 PM Eastern

Extended Trading

$5.97 0.00 (0.00%)

As of 04:56 PM Eastern

Annual Income Statements for HighPeak Energy

This table shows HighPeak Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-12	56	237	216	95
Consolidated Net Income / (Loss)	-12	56	237	216	95
Net Income / (Loss) Continuing Operations	-12	56	237	216	95
Total Pre-Tax Income	-12	72	312	282	131
Total Operating Income	-12	102	423	426	337
Total Gross Profit	4.74	195	686	966	937
Total Revenue	8.12	220	756	1,111	1,069
Operating Revenue	8.12	220	756	1,111	1,069
Total Cost of Revenue	3.37	25	70	145	132
Operating Cost of Revenue	3.37	25	70	145	132
Total Operating Expenses	16	93	264	531	596
Selling, General & Admin Expense	8.68	8.89	12	17	20
Marketing Expense	0.45	11	38	58	60
Exploration Expense	2.85	1.55	1.15	5.23	1.48
Depreciation Expense	4.27	65	178	424	501
Other Operating Expenses / (Income)	0.07	6.84	34	26	14
Total Other Income / (Expense), net	0.00	-29	-110	-153	-210
Interest Expense	0.00	2.48	51	175	169
Interest & Investment Income	0.00	0.00	0.27	2.91	8.69
Other Income / (Expense), net	0.00	-27	-60	19	-50
Income Tax Expense	0.00	17	75	66	36
Basic Earnings per Share	$0.00	$0.55	$2.04	$1.64	$0.69
Weighted Average Basic Shares Outstanding	0.00	93.13M	104.74M	117.96M	125.28M
Diluted Earnings per Share	$0.00	$0.54	$1.93	$1.58	$0.67
Weighted Average Diluted Shares Outstanding	0.00	94.77M	111.16M	123.02M	129.21M
Weighted Average Basic & Diluted Shares Outstanding	-	96.82M	113.17M	128.42M	126.07M
Cash Dividends to Common per Share	-	$0.13	$0.10	$0.10	$0.16

This table shows HighPeak Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	32	38	96	6.44	30	50	8.98	36	26	-19	-127
Consolidated Net Income / (Loss)	32	39	95	6.44	30	50	8.98	36	26	-18	-127
Net Income / (Loss) Continuing Operations	32	38	96	6.44	30	50	8.98	36	26	-19	-127
Total Pre-Tax Income	41	53	123	8.74	44	65	13	46	34	-22	-155
Total Operating Income	85	146	107	103	87	73	74	90	43	33	36
Total Gross Profit	206	306	263	257	242	236	201	222	167	156	169
Total Revenue	241	346	301	288	275	272	235	272	200	189	216
Operating Revenue	241	346	301	288	275	272	235	272	200	189	216
Total Cost of Revenue	35	40	38	30	33	35	34	50	34	33	47
Operating Cost of Revenue	35	40	38	30	33	35	34	50	34	33	47
Total Operating Expenses	113	159	156	154	153	161	127	132	121	123	133
Selling, General & Admin Expense	2.52	6.93	4.65	4.69	4.74	4.97	6.00	6.35	5.67	9.33	5.75
Marketing Expense	13	19	14	14	17	15	13	15	12	10	12
Exploration Expense	0.48	1.73	0.86	0.50	0.17	0.36	0.45	0.26	1.11	2.28	0.74
Depreciation Expense	93	117	133	131	128	137	106	109	101	101	113
Other Operating Expenses / (Income)	4.10	14	4.02	4.04	4.02	3.99	1.62	0.42	0.34	0.46	1.16
Total Other Income / (Expense), net	-51	-94	16	-94	-45	-9.48	-61	-44	-12	-55	-191
Interest Expense	39	64	45	44	43	43	40	37	36	63	35
Interest & Investment Income	0.16	0.73	1.99	2.39	2.40	2.17	1.72	0.81	0.36	1.17	0.95
Other Income / (Expense), net	-12	-30	58	-53	-4.70	31	-23	-7.93	24	6.69	-157
Income Tax Expense	9.64	14	28	2.30	14	15	3.87	9.94	7.66	-3.57	-28
Basic Earnings per Share	$0.26	$0.28	$0.69	$0.05	$0.21	$0.36	$0.07	$0.26	$0.19	($0.15)	($1.02)
Weighted Average Basic Shares Outstanding	111.23M	123.16M	117.96M	125.70M	125.34M	124.99M	125.28M	123.91M	123.93M	124.81M	125.27M
Diluted Earnings per Share	$0.25	$0.28	$0.66	$0.05	$0.21	$0.35	$0.06	$0.26	$0.19	($0.15)	($1.02)
Weighted Average Diluted Shares Outstanding	115.98M	127.01M	123.02M	129.64M	129.25M	129.09M	129.21M	127.21M	126.10M	124.81M	125.27M
Weighted Average Basic & Diluted Shares Outstanding	128.22M	128.42M	128.42M	127.86M	127.38M	126.63M	126.07M	126.07M	126.13M	125.59M	126.36M
Cash Dividends to Common per Share	$0.03	$0.03	$0.03	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.00

This table details how cash moves in and out of HighPeak Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	22	15	-4.37	164	-108
Net Cash From Operating Activities	-0.77	147	504	756	690
Net Cash From Continuing Operating Activities	-0.77	147	504	756	690
Net Income / (Loss) Continuing Operations	-12	56	237	216	95
Consolidated Net Income / (Loss)	-12	56	237	216	95
Depreciation Expense	4.27	65	178	424	501
Amortization Expense	0.00	0.50	13	27	18
Non-Cash Adjustments To Reconcile Net Income	2.92	23	36	6.23	47
Changes in Operating Assets and Liabilities, net	3.62	2.71	40	83	30
Net Cash From Investing Activities	-51	-250	-1,182	-1,126	-621
Net Cash From Continuing Investing Activities	-51	-250	-1,182	-1,126	-621
Purchase of Property, Plant & Equipment	-72	-291	-1,311	-1,025	-620
Divestitures	-	3.37	0.00	0.00	0.34
Other Investing Activities, net	20	37	129	-101	-1.29
Net Cash From Financing Activities	74	119	674	534	-177
Net Cash From Continuing Financing Activities	74	119	674	534	-177
Repayment of Debt	0.00	-22	-772	-1,033	-120
Repurchase of Common Equity	0.00	-2.46	-0.34	-5.37	-35
Payment of Dividends	0.00	-13	-12	-13	-22
Issuance of Debt	-	120	1,365	1,425	0.00
Issuance of Common Equity	0.00	25	85	156	0.00
Other Financing Activities, net	74	11	7.93	4.18	0.00
Cash Interest Paid	-	1.81	24	133	152
Cash Income Taxes Paid	-	0.00	0.00	0.00	0.00

This table details how cash moves in and out of HighPeak Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Change in Cash & Equivalents	-17	122	43	-21	-15	-22	-49	-35	-30	143	-66
Net Cash From Operating Activities	174	158	235	171	202	177	140	157	141	120	54
Net Cash From Continuing Operating Activities	174	158	235	171	202	177	140	157	141	120	54
Net Income / (Loss) Continuing Operations	32	39	95	6.44	30	50	8.98	36	26	-18	-127
Consolidated Net Income / (Loss)	32	39	95	6.44	30	50	8.98	36	26	-18	-127
Depreciation Expense	93	117	133	131	128	137	106	109	101	101	113
Amortization Expense	7.37	7.68	4.54	4.51	4.52	4.56	4.56	4.46	4.51	1.96	0.88
Non-Cash Adjustments To Reconcile Net Income	3.64	59	-57	52	1.37	-30	23	5.28	-18	25	141
Changes in Operating Assets and Liabilities, net	38	-65	59	-23	39	16	-2.21	1.65	27	11	-73
Net Cash From Investing Activities	-293	-325	-189	-148	-176	-151	-145	-157	-165	-105	-114
Net Cash From Continuing Investing Activities	-293	-325	-189	-148	-176	-151	-145	-157	-165	-105	-114
Purchase of Property, Plant & Equipment	-302	-164	-175	-150	-170	-143	-157	-182	-127	-89	-79
Divestitures	-	-	-	0.00	-	0.07	0.22	0.57	-	-	0.00
Other Investing Activities, net	9.67	-161	-14	1.71	-6.93	-7.99	12	25	-38	-16	-35
Net Cash From Financing Activities	102	288	-3.25	-44	-41	-48	-43	-35	-5.50	128	-6.10
Net Cash From Continuing Financing Activities	102	288	-3.25	-44	-41	-48	-43	-35	-5.50	128	-6.10
Repayment of Debt	-0.86	-1,029	-2.04	-30	-30	-30	-30	-30	-30	-42	-6.10
Payment of Dividends	-3.07	-3.49	-3.51	-5.58	-5.57	-5.53	-5.51	-5.49	-5.50	-6.15	0.00
Cash Interest Paid	33	43	40	40	38	39	35	36	32	35	34
Cash Income Taxes Paid	-	-	-	0.00	-	-	-	0.00	-	0.47	0.23

This table presents HighPeak Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	498	538	819	2,279	3,081	3,063	3,214
Total Current Assets	92	33	87	145	329	195	260
Cash & Equivalents	23	20	35	31	195	87	162
Accounts Receivable	3.36	7.72	39	97	95	85	56
Inventories, net	0.18	0.12	3.30	13	7.25	11	7.65
Prepaid Expenses	0.03	2.25	7.15	4.13	1.00	4.59	5.05
Other Current Assets	62	3.65	2.25	0.02	31	7.58	30
Plant, Property, & Equipment, net	406	504	727	2,129	2,730	2,849	2,933
Plant, Property & Equipment, gross	406	520	808	2,385	3,411	4,030	4,537
Accumulated Depreciation	1.57	17	82	260	684	1,185	1,606
Total Noncurrent Assets	0.00	0.91	4.79	6.43	22	19	20
Other Noncurrent Operating Assets	0.00	0.91	4.79	6.43	22	19	20
Total Liabilities & Shareholders' Equity	498	538	819	2,279	3,081	3,063	3,214
Total Liabilities	33	64	266	1,110	1,528	1,461	1,619
Total Current Liabilities	31	22	103	266	287	285	230
Short-Term Debt	-	-	-	0.00	120	120	60
Accounts Payable	11	7.58	38	106	64	74	84
Accrued Expenses	20	12	40	123	89	84	83
Other Current Liabilities	0.18	2.48	25	24	14	6.42	3.43
Total Noncurrent Liabilities	2.21	41	163	844	1,241	1,176	1,389
Long-Term Debt	-	0.00	98	704	1,030	928	1,133
Asset Retirement Reserve & Litigation Obligation	2.21	2.29	4.26	7.50	13	15	16
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	39	56	131	197	232	240
Other Noncurrent Operating Liabilities	0.00	0.08	4.91	0.69	0.07	0.67	0.50
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	453	474	553	1,170	1,553	1,602	1,595
Total Preferred & Common Equity	453	474	553	1,170	1,553	1,602	1,595
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	453	474	553	1,170	1,553	1,602	1,595
Common Stock	459	581	617	1,009	1,189	1,167	1,162
Retained Earnings	-5.75	-107	-64	161	363	436	433

This table presents HighPeak Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,042	2,583	2,790	2,989	3,055	3,056	3,061	3,093	3,089	3,205	3,127
Total Current Assets	149	145	144	298	299	259	249	153	122	251	212
Cash & Equivalents	34	48	30	152	173	158	136	52	22	165	96
Accounts Receivable	83	81	101	126	109	88	76	78	71	55	99
Inventories, net	8.18	16	9.20	15	11	7.82	7.97	8.71	6.82	9.91	4.36
Prepaid Expenses	5.69	1.00	3.15	3.25	2.77	3.07	3.92	8.30	4.79	4.63	5.60
Other Current Assets	17	0.00	0.44	1.73	2.64	2.28	25	5.62	17	17	7.81
Plant, Property, & Equipment, net	1,887	2,430	2,639	2,684	2,749	2,791	2,798	2,921	2,947	2,933	2,899
Plant, Property & Equipment, gross	2,060	2,768	3,070	3,232	3,561	3,730	3,873	4,212	4,339	4,426	4,615
Accumulated Depreciation	177	341	434	551	815	943	1,079	1,294	1,395	1,496	1,719
Total Noncurrent Assets	6.66	7.07	6.77	7.23	6.50	6.80	15	19	20	20	15
Other Noncurrent Operating Assets	6.66	7.07	6.77	7.23	6.50	6.80	15	19	20	20	15
Total Liabilities & Shareholders' Equity	2,042	2,583	2,790	2,989	3,055	3,056	3,061	3,093	3,089	3,205	3,127
Total Liabilities	942	1,362	1,535	1,534	1,506	1,486	1,456	1,460	1,435	1,578	1,659
Total Current Liabilities	260	561	1,138	295	288	279	260	299	141	153	317
Short-Term Debt	-	215	741	90	120	120	120	120	0.00	30	90
Accounts Payable	124	133	216	50	47	40	53	66	64	45	51
Accrued Expenses	114	176	155	125	98	99	84	103	74	77	60
Other Current Liabilities	22	22	12	28	22	18	2.65	9.10	2.28	0.89	116
Total Noncurrent Liabilities	681	800	396	1,239	1,218	1,207	1,196	1,161	1,295	1,426	1,342
Long-Term Debt	562	645	232	1,058	1,005	979	954	903	1,027	1,162	1,098
Asset Retirement Reserve & Litigation Obligation	8.25	7.76	7.89	8.02	14	14	14	15	15	16	16
Noncurrent Deferred & Payable Income Tax Liabilities	111	146	155	169	199	213	228	242	250	246	212
Other Noncurrent Operating Liabilities	0.00	1.20	1.36	3.88	1.05	0.94	0.13	0.58	1.91	1.10	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,101	1,221	1,255	1,455	1,548	1,570	1,606	1,633	1,654	1,627	1,468
Total Preferred & Common Equity	1,101	1,221	1,255	1,455	1,548	1,570	1,606	1,633	1,654	1,627	1,468
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,101	1,221	1,255	1,455	1,548	1,570	1,606	1,633	1,654	1,627	1,468
Common Stock	1,005	1,013	1,019	1,183	1,184	1,182	1,173	1,167	1,167	1,163	1,163
Retained Earnings	96	208	237	272	364	388	432	467	487	463	305

This table displays calculated financial ratios and metrics derived from HighPeak Energy's official financial filings.

Metric	2019	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	0.00%	243.30%	47.06%	-3.77%
EBITDA Growth	0.00%	0.00%	294.13%	61.97%	-10.12%
EBIT Growth	0.00%	0.00%	384.84%	22.96%	-35.59%
NOPAT Growth	0.00%	0.00%	311.19%	1.92%	-25.01%
Net Income Growth	0.00%	0.00%	326.31%	-8.86%	-55.96%
EPS Growth	0.00%	0.00%	257.41%	-18.13%	-57.59%
Operating Cash Flow Growth	0.00%	0.00%	242.83%	50.07%	-8.73%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	64.50%	158.41%
Invested Capital Growth	0.00%	0.00%	201.26%	35.18%	2.16%
Revenue Q/Q Growth	0.00%	0.00%	26.70%	4.05%	-5.84%
EBITDA Q/Q Growth	0.00%	0.00%	29.45%	13.18%	-14.98%
EBIT Q/Q Growth	0.00%	0.00%	19.41%	14.28%	-28.57%
NOPAT Q/Q Growth	0.00%	0.00%	22.18%	-4.25%	-12.10%
Net Income Q/Q Growth	0.00%	0.00%	14.99%	14.36%	-47.50%
EPS Q/Q Growth	0.00%	0.00%	15.57%	3.27%	-47.24%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	39.20%	4.63%	-12.11%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	32.33%	2.13%
Invested Capital Q/Q Growth	0.00%	0.00%	14.03%	2.36%	0.80%
Profitability Metrics	-	-	-	-	-
Gross Margin	58.45%	88.62%	90.79%	86.92%	87.63%
EBITDA Margin	-90.08%	63.82%	73.27%	80.70%	75.37%
Operating Margin	-142.69%	46.19%	55.92%	38.38%	31.55%
EBIT Margin	-142.69%	33.97%	47.98%	40.12%	26.85%
Profit (Net Income) Margin	-142.69%	25.24%	31.34%	19.42%	8.89%
Tax Burden Percent	100.00%	76.67%	75.86%	76.61%	72.62%
Interest Burden Percent	100.00%	96.90%	86.11%	63.21%	45.59%
Effective Tax Rate	0.00%	23.33%	24.14%	23.39%	27.38%
Return on Invested Capital (ROIC)	-1.83%	12.65%	25.93%	14.96%	9.66%
ROIC Less NNEP Spread (ROIC-NNEP)	29.13%	-22.77%	3.61%	1.48%	-5.97%
Return on Net Nonoperating Assets (RNNOA)	-0.72%	-2.60%	1.57%	0.89%	-3.63%
Return on Equity (ROE)	-2.55%	10.05%	27.50%	15.86%	6.03%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-74.39%	-14.96%	7.52%
Operating Return on Assets (OROA)	-2.33%	11.02%	23.40%	16.63%	9.35%
Return on Assets (ROA)	-2.33%	8.19%	15.29%	8.05%	3.09%
Return on Common Equity (ROCE)	-2.55%	10.05%	27.50%	15.86%	6.03%
Return on Equity Simple (ROE_SIMPLE)	-2.55%	10.05%	20.25%	13.90%	5.93%
Net Operating Profit after Tax (NOPAT)	-8.11	78	321	327	245
NOPAT Margin	-99.88%	35.42%	42.42%	29.40%	22.91%
Net Nonoperating Expense Percent (NNEP)	-30.96%	35.42%	22.32%	13.48%	15.63%
Return On Investment Capital (ROIC_SIMPLE)	-	-	17.11%	12.09%	9.24%
Cost of Revenue to Revenue	41.55%	11.38%	9.21%	13.08%	12.37%
SG&A Expenses to Revenue	106.99%	4.04%	1.65%	1.49%	1.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	201.13%	42.35%	34.87%	47.80%	55.73%
Earnings before Interest and Taxes (EBIT)	-12	75	363	446	287
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.31	140	554	897	806
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.49	2.17	1.16	1.16
Price to Tangible Book Value (P/TBV)	0.00	2.49	2.17	1.16	1.16
Price to Revenue (P/Rev)	0.00	6.24	3.36	1.62	1.74
Price to Earnings (P/E)	0.00	24.74	10.73	8.36	19.52
Dividend Yield	0.00%	0.69%	0.45%	0.71%	1.09%
Earnings Yield	0.00%	4.04%	9.32%	11.96%	5.12%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.33	1.73	1.10	1.10
Enterprise Value to Revenue (EV/Rev)	0.00	6.53	4.25	2.48	2.63
Enterprise Value to EBITDA (EV/EBITDA)	0.00	10.23	5.81	3.08	3.50
Enterprise Value to EBIT (EV/EBIT)	0.00	19.22	8.87	6.19	9.81
Enterprise Value to NOPAT (EV/NOPAT)	0.00	18.44	10.03	8.45	11.50
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	9.78	6.38	3.65	4.08
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	14.77
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.18	0.60	0.74	0.65
Long-Term Debt to Equity	0.00	0.18	0.60	0.66	0.58
Financial Leverage	-0.02	0.11	0.44	0.60	0.61
Leverage Ratio	1.10	1.32	1.80	1.97	1.95
Compound Leverage Factor	1.10	1.28	1.55	1.24	0.89
Debt to Total Capital	0.00%	15.04%	37.59%	42.56%	39.55%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	4.44%	4.53%
Long-Term Debt to Total Capital	0.00%	15.04%	37.59%	38.12%	35.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	84.96%	62.41%	57.44%	60.45%
Debt to EBITDA	0.00	0.70	1.27	1.28	1.30
Net Debt to EBITDA	0.00	0.45	1.22	1.07	1.19
Long-Term Debt to EBITDA	0.00	0.70	1.27	1.15	1.15
Debt to NOPAT	0.00	1.26	2.20	3.52	4.28
Net Debt to NOPAT	0.00	0.81	2.10	2.93	3.93
Long-Term Debt to NOPAT	0.00	1.26	2.20	3.15	3.79
Altman Z-Score	0.00	3.54	2.26	1.73	1.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	2.97	0.84	0.54	1.14	0.69
Quick Ratio	0.98	0.72	0.48	1.01	0.60
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-920	-327	191
Operating Cash Flow to CapEx	-1.07%	50.52%	38.43%	73.78%	111.37%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-18.17	-1.86	1.13
Operating Cash Flow to Interest Expense	0.00	59.18	9.96	4.32	4.09
Operating Cash Flow Less CapEx to Interest Expense	0.00	-57.96	-15.95	-1.53	0.42
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.02	0.32	0.49	0.41	0.35
Accounts Receivable Turnover	2.41	9.35	11.12	11.63	11.89
Inventory Turnover	18.33	14.63	8.40	14.16	14.53
Fixed Asset Turnover	0.02	0.36	0.53	0.46	0.38
Accounts Payable Turnover	0.30	1.10	0.97	1.72	1.92
Days Sales Outstanding (DSO)	151.26	39.05	32.84	31.40	30.69
Days Inventory Outstanding (DIO)	19.92	24.95	43.47	25.77	25.12
Days Payable Outstanding (DPO)	1,203.46	333.09	376.83	212.36	189.88
Cash Conversion Cycle (CCC)	-1,032.28	-269.09	-300.52	-155.19	-134.07
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	442	616	1,857	2,510	2,564
Invested Capital Turnover	0.02	0.36	0.61	0.51	0.42
Increase / (Decrease) in Invested Capital	0.00	0.00	1,240	653	54
Enterprise Value (EV)	0.00	1,438	3,214	2,760	2,817
Market Capitalization	0.00	1,374	2,540	1,805	1,856
Book Value per Share	$0.00	$5.81	$10.34	$12.09	$12.66
Tangible Book Value per Share	$0.00	$5.81	$10.34	$12.09	$12.66
Total Capital	453	651	1,874	2,703	2,651
Total Debt	0.00	98	704	1,150	1,048
Total Long-Term Debt	0.00	98	704	1,030	928
Net Debt	-23	63	674	956	962
Capital Expenditures (CapEx)	72	291	1,311	1,025	620
Debt-free, Cash-free Net Working Capital (DFCFNWC)	38	-51	-152	-33	-56
Debt-free Net Working Capital (DFNWC)	61	-16	-122	161	30
Net Working Capital (NWC)	61	-16	-122	41	-90
Net Nonoperating Expense (NNE)	3.47	22	84	111	150
Net Nonoperating Obligations (NNO)	-11	63	687	957	962
Total Depreciation and Amortization (D&A)	4.27	66	191	451	519
Debt-free, Cash-free Net Working Capital to Revenue	472.40%	-23.13%	-20.13%	-2.98%	-5.26%
Debt-free Net Working Capital to Revenue	752.26%	-7.29%	-16.09%	14.53%	2.84%
Net Working Capital to Revenue	752.26%	-7.29%	-16.09%	3.73%	-8.38%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.55	$2.04	$1.64	$0.69
Adjusted Weighted Average Basic Shares Outstanding	0.00	93.13M	104.74M	117.96M	125.28M
Adjusted Diluted Earnings per Share	$0.00	$0.54	$1.93	$1.58	$0.67
Adjusted Weighted Average Diluted Shares Outstanding	0.00	94.77M	111.16M	123.02M	129.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	96.82M	113.17M	128.42M	126.07M
Normalized Net Operating Profit after Tax (NOPAT)	-8.11	78	321	327	245
Normalized NOPAT Margin	-99.88%	35.42%	42.42%	29.40%	22.91%
Pre Tax Income Margin	-142.69%	32.92%	41.32%	25.36%	12.24%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	30.10	7.16	2.54	1.70
NOPAT to Interest Expense	0.00	31.39	6.33	1.86	1.45
EBIT Less CapEx to Interest Expense	0.00	-87.04	-18.75	-3.31	-1.97
NOPAT Less CapEx to Interest Expense	0.00	-85.76	-19.58	-3.99	-2.22
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	22.73%	4.90%	6.08%	23.34%
Augmented Payout Ratio	0.00%	27.17%	5.04%	8.56%	60.33%

This table displays calculated financial ratios and metrics derived from HighPeak Energy's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	125,587,093.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	125,587,093.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-1.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.53%	69.31%	16.76%	28.58%	14.33%	-21.42%	-22.03%	-10.54%	-27.20%	-30.46%	-20.72%
EBITDA Growth	16.60%	20.47%	52.71%	3.08%	23.81%	1.86%	-46.96%	5.88%	-19.38%	-42.21%	-103.65%
EBIT Growth	-34.10%	-24.77%	50.95%	-45.50%	12.96%	-9.97%	-69.56%	64.98%	-18.36%	-62.35%	-246.82%
NOPAT Growth	-30.43%	17.10%	-15.60%	10.45%	-9.54%	-47.65%	-37.73%	-6.54%	-43.02%	-59.31%	-64.47%
Net Income Growth	-58.97%	-64.06%	39.92%	-87.19%	-6.63%	28.76%	-90.55%	464.38%	-11.92%	-136.72%	-450.76%
EPS Growth	-60.94%	-67.06%	8.20%	-87.18%	-16.00%	25.00%	-90.91%	420.00%	-9.52%	-142.86%	-492.31%
Operating Cash Flow Growth	76.78%	2.23%	16.62%	-9.77%	16.50%	12.04%	-40.54%	-8.39%	-30.21%	-32.11%	-65.49%
Free Cash Flow Firm Growth	-0.07%	25.57%	50.06%	66.30%	69.07%	94.99%	99.51%	91.22%	53.05%	-142.85%	312.67%
Invested Capital Growth	61.89%	50.60%	35.18%	22.03%	13.58%	3.75%	2.16%	4.16%	5.85%	4.32%	-1.72%
Revenue Q/Q Growth	7.58%	43.54%	-12.86%	-4.45%	-4.34%	-1.34%	-13.54%	9.64%	-22.16%	-5.76%	0.00%
EBITDA Q/Q Growth	-3.52%	38.95%	25.49%	-38.73%	15.88%	14.31%	-34.65%	22.32%	-11.77%	-18.05%	0.00%
EBIT Q/Q Growth	-20.30%	58.62%	42.39%	-69.73%	65.20%	26.43%	-51.86%	64.10%	-18.25%	-41.70%	0.00%
NOPAT Q/Q Growth	-5.16%	64.36%	-22.81%	-8.21%	-22.32%	-4.88%	-8.18%	37.77%	-52.65%	-32.08%	0.00%
Net Income Q/Q Growth	-36.67%	21.85%	144.99%	-93.22%	361.59%	68.03%	-82.01%	304.58%	-27.96%	-170.05%	0.00%
EPS Q/Q Growth	-35.90%	12.00%	135.71%	-92.42%	320.00%	66.67%	-82.86%	333.33%	-26.92%	-178.95%	0.00%
Operating Cash Flow Q/Q Growth	-8.60%	-8.98%	48.45%	-26.94%	18.02%	-12.47%	-21.22%	12.57%	-10.09%	-14.85%	0.00%
Free Cash Flow Firm Q/Q Growth	29.94%	8.18%	20.39%	34.19%	35.70%	85.14%	92.26%	-1,087.24%	-244.04%	23.15%	0.00%
Invested Capital Q/Q Growth	7.95%	10.84%	2.36%	-0.37%	0.48%	1.25%	0.80%	1.58%	2.11%	-0.21%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	85.49%	88.48%	87.49%	89.48%	88.09%	86.96%	85.62%	86.19%	83.17%	82.36%	78.11%
EBITDA Margin	72.05%	69.75%	100.44%	64.40%	78.02%	90.40%	68.33%	76.22%	86.40%	75.13%	-3.32%
Operating Margin	35.29%	42.28%	35.46%	35.80%	31.70%	27.04%	31.38%	35.11%	21.68%	17.27%	16.68%
EBIT Margin	30.36%	33.55%	54.81%	17.37%	29.99%	38.43%	21.40%	32.03%	33.63%	20.81%	-56.08%
Profit (Net Income) Margin	13.22%	11.22%	31.55%	2.24%	10.80%	18.39%	3.82%	14.11%	13.06%	-9.71%	-59.04%
Tax Burden Percent	76.74%	73.34%	77.45%	73.70%	67.59%	76.38%	69.91%	78.52%	77.35%	83.71%	82.17%
Interest Burden Percent	56.74%	45.61%	74.30%	17.48%	53.26%	62.63%	25.57%	56.12%	50.21%	-55.73%	128.12%
Effective Tax Rate	23.26%	26.66%	22.55%	26.30%	32.41%	23.62%	30.09%	21.48%	22.65%	0.00%	0.00%
Return on Invested Capital (ROIC)	14.02%	16.23%	13.98%	13.63%	10.97%	9.39%	9.25%	11.22%	6.25%	4.10%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	9.33%	7.26%	15.48%	5.83%	7.89%	8.75%	4.81%	7.62%	5.49%	-0.09%	0.00%
Return on Net Nonoperating Assets (RNNOA)	6.16%	4.33%	9.35%	3.75%	5.30%	5.54%	2.93%	4.61%	3.32%	-0.05%	0.00%
Return on Equity (ROE)	20.18%	20.57%	23.33%	17.38%	16.27%	14.93%	12.18%	15.83%	9.57%	4.05%	0.00%
Cash Return on Invested Capital (CROIC)	-29.18%	-23.66%	-14.96%	-5.07%	1.25%	7.48%	7.52%	5.37%	2.65%	2.68%	1.74%
Operating Return on Assets (OROA)	12.39%	14.24%	22.73%	7.24%	12.41%	14.43%	7.45%	10.83%	10.55%	5.85%	0.00%
Return on Assets (ROA)	5.40%	4.76%	13.08%	0.93%	4.47%	6.90%	1.33%	4.77%	4.10%	-2.73%	0.00%
Return on Common Equity (ROCE)	20.18%	20.57%	23.33%	17.38%	16.27%	14.93%	12.18%	15.83%	9.57%	4.05%	0.00%
Return on Equity Simple (ROE_SIMPLE)	20.54%	12.97%	0.00%	11.11%	10.82%	11.28%	0.00%	7.65%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	65	107	83	76	59	56	52	71	34	23	25
NOPAT Margin	27.08%	31.01%	27.47%	26.39%	21.43%	20.66%	21.94%	27.57%	16.77%	12.09%	11.68%
Net Nonoperating Expense Percent (NNEP)	4.69%	8.97%	-1.49%	7.81%	3.08%	0.64%	4.43%	3.60%	0.76%	4.19%	14.80%
Return On Investment Capital (ROIC_SIMPLE)	-	-	3.06%	2.84%	-	-	1.94%	2.67%	1.25%	0.81%	0.95%
Cost of Revenue to Revenue	14.51%	11.52%	12.51%	10.52%	11.92%	13.04%	14.38%	13.81%	16.83%	17.64%	21.89%
SG&A Expenses to Revenue	1.05%	2.01%	1.54%	1.63%	1.72%	1.83%	2.56%	2.46%	2.83%	4.94%	2.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	47.09%	46.04%	51.96%	53.68%	55.66%	59.40%	54.07%	51.08%	60.25%	64.98%	61.40%
Earnings before Interest and Taxes (EBIT)	73	116	165	50	83	104	50	82	67	39	-121
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	173	241	302	185	215	246	160	196	173	142	-7.16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.97	1.47	1.16	1.29	1.14	1.10	1.16	0.98	0.75	0.55	0.59
Price to Tangible Book Value (P/TBV)	0.97	1.47	1.16	1.29	1.14	1.10	1.16	0.98	0.75	0.55	0.59
Price to Revenue (P/Rev)	1.32	2.01	1.62	1.70	1.49	1.56	1.74	1.54	1.28	1.01	0.00
Price to Earnings (P/E)	4.74	11.40	8.36	11.64	10.58	9.73	19.52	12.77	10.17	16.85	0.00
Dividend Yield	0.93%	0.60%	0.71%	0.74%	0.92%	1.04%	1.09%	1.26%	1.63%	2.26%	2.32%
Earnings Yield	21.11%	8.77%	11.96%	8.59%	9.45%	10.27%	5.12%	7.83%	9.83%	5.94%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.98	1.28	1.10	1.18	1.09	1.06	1.10	0.99	0.84	0.72	0.77
Enterprise Value to Revenue (EV/Rev)	2.34	2.94	2.48	2.51	2.26	2.38	2.63	2.47	2.32	2.18	0.00
Enterprise Value to EBITDA (EV/EBITDA)	2.88	3.96	3.08	3.27	2.90	2.85	3.50	3.14	2.89	2.86	0.00
Enterprise Value to EBIT (EV/EBIT)	5.05	8.05	6.19	7.31	6.62	6.73	9.81	8.03	7.36	8.02	0.00
Enterprise Value to NOPAT (EV/NOPAT)	6.69	9.21	8.45	8.79	8.30	9.71	11.50	10.66	10.40	10.68	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.01	4.34	3.65	4.00	3.57	3.45	4.08	3.80	3.64	3.44	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	92.62	14.49	14.77	18.74	32.72	27.54	43.65
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.78	0.79	0.74	0.73	0.70	0.67	0.65	0.63	0.62	0.73	0.81
Long-Term Debt to Equity	0.18	0.73	0.66	0.65	0.62	0.59	0.58	0.55	0.62	0.71	0.75
Financial Leverage	0.66	0.60	0.60	0.64	0.67	0.63	0.61	0.60	0.60	0.61	0.67
Leverage Ratio	2.11	1.97	1.97	2.04	2.07	1.98	1.95	1.93	1.91	1.94	2.01
Compound Leverage Factor	1.19	0.90	1.46	0.36	1.10	1.24	0.50	1.08	0.96	-1.08	2.57
Debt to Total Capital	43.66%	44.10%	42.56%	42.08%	41.18%	40.08%	39.55%	38.51%	38.31%	42.30%	44.72%
Short-Term Debt to Total Capital	33.26%	3.46%	4.44%	4.49%	4.49%	4.48%	4.53%	4.52%	0.00%	1.06%	3.39%
Long-Term Debt to Total Capital	10.40%	40.64%	38.12%	37.59%	36.68%	35.60%	35.02%	33.99%	38.31%	41.23%	41.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	56.34%	55.90%	57.44%	57.92%	58.82%	59.92%	60.45%	61.49%	61.69%	57.70%	55.28%
Debt to EBITDA	1.29	1.45	1.28	1.25	1.17	1.13	1.30	1.25	1.33	1.78	0.00
Net Debt to EBITDA	1.25	1.26	1.07	1.05	1.00	0.99	1.19	1.19	1.30	1.53	0.00
Long-Term Debt to EBITDA	0.31	1.34	1.15	1.11	1.04	1.01	1.15	1.11	1.33	1.73	0.00
Debt to NOPAT	3.01	3.36	3.52	3.35	3.33	3.85	4.28	4.25	4.77	6.64	0.00
Net Debt to NOPAT	2.91	2.92	2.93	2.83	2.85	3.37	3.93	4.03	4.67	5.72	0.00
Long-Term Debt to NOPAT	0.72	3.10	3.15	2.99	2.97	3.42	3.79	3.75	4.77	6.47	0.00
Altman Z-Score	0.59	1.45	1.43	1.41	1.38	1.41	1.33	1.23	1.11	0.89	0.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.13	1.01	1.14	1.04	0.93	0.96	0.69	0.51	0.87	1.65	0.67
Quick Ratio	0.12	0.94	1.01	0.98	0.88	0.82	0.60	0.43	0.66	1.44	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-781	-717	-571	-375	-241	-36	-2.78	-33	-113	-87	70
Operating Cash Flow to CapEx	57.45%	96.67%	134.26%	114.35%	119.37%	123.59%	88.78%	86.13%	110.84%	134.86%	68.58%
Free Cash Flow to Firm to Interest Expense	-19.87	-11.14	-12.79	-8.60	-5.62	-0.84	-0.07	-0.89	-3.11	-1.39	2.00
Operating Cash Flow to Interest Expense	4.42	2.46	5.26	3.93	4.71	4.16	3.53	4.25	3.88	1.92	1.55
Operating Cash Flow Less CapEx to Interest Expense	-3.27	-0.08	1.34	0.49	0.76	0.79	-0.45	-0.68	0.38	0.50	-0.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.41	0.42	0.41	0.42	0.41	0.38	0.35	0.34	0.31	0.28	0.00
Accounts Receivable Turnover	9.69	10.21	11.63	12.37	12.83	11.22	11.89	11.09	12.13	13.46	0.00
Inventory Turnover	14.46	11.29	14.16	10.59	16.52	11.79	14.53	13.83	18.92	15.26	0.00
Fixed Asset Turnover	0.44	0.47	0.46	0.45	0.45	0.41	0.38	0.37	0.34	0.31	0.00
Accounts Payable Turnover	0.70	1.51	1.72	1.58	1.10	2.65	1.92	2.42	2.64	2.81	0.00
Days Sales Outstanding (DSO)	37.66	35.74	31.40	29.50	28.44	32.53	30.69	32.91	30.09	27.12	0.00
Days Inventory Outstanding (DIO)	25.23	32.34	25.77	34.45	22.10	30.96	25.12	26.39	19.30	23.92	0.00
Days Payable Outstanding (DPO)	520.53	241.90	212.36	230.88	332.78	137.93	189.88	150.93	138.06	130.06	0.00
Cash Conversion Cycle (CCC)	-457.64	-173.82	-155.19	-166.93	-282.24	-74.44	-134.07	-91.64	-88.67	-79.02	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,212	2,452	2,510	2,501	2,513	2,544	2,564	2,605	2,660	2,654	2,560
Invested Capital Turnover	0.52	0.52	0.51	0.52	0.51	0.45	0.42	0.41	0.37	0.34	0.00
Increase / (Decrease) in Invested Capital	846	824	653	451	300	92	54	104	147	110	-45
Enterprise Value (EV)	2,164	3,141	2,760	2,955	2,739	2,706	2,817	2,567	2,241	1,919	1,958
Market Capitalization	1,221	2,145	1,805	2,003	1,798	1,768	1,856	1,596	1,235	892	867
Book Value per Share	$11.09	$11.35	$12.09	$12.06	$12.28	$12.61	$12.66	$12.96	$13.12	$12.90	$11.72
Tangible Book Value per Share	$11.09	$11.35	$12.09	$12.06	$12.28	$12.61	$12.66	$12.96	$13.12	$12.90	$11.72
Total Capital	2,228	2,603	2,703	2,673	2,670	2,680	2,651	2,656	2,681	2,819	2,656
Total Debt	973	1,148	1,150	1,125	1,099	1,074	1,048	1,023	1,027	1,192	1,188
Total Long-Term Debt	232	1,058	1,030	1,005	979	954	928	903	1,027	1,162	1,098
Net Debt	943	996	956	951	941	938	962	971	1,006	1,027	1,092
Capital Expenditures (CapEx)	302	164	175	150	170	143	157	182	127	89	79
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-283	-59	-33	-42	-58	-26	-56	-78	-40	-36	-111
Debt-free Net Working Capital (DFNWC)	-253	93	161	131	100	109	30	-26	-18	129	-15
Net Working Capital (NWC)	-994	3.25	41	11	-20	-11	-90	-146	-18	99	-105
Net Nonoperating Expense (NNE)	33	68	-12	69	29	6.17	43	35	7.43	41	153
Net Nonoperating Obligations (NNO)	957	997	957	952	942	938	962	971	1,006	1,027	1,092
Total Depreciation and Amortization (D&A)	100	125	137	135	132	141	110	114	106	103	114
Debt-free, Cash-free Net Working Capital to Revenue	-30.57%	-5.48%	-2.98%	-3.60%	-4.81%	-2.33%	-5.26%	-7.50%	-4.18%	-4.11%	0.00%
Debt-free Net Working Capital to Revenue	-27.30%	8.73%	14.53%	11.15%	8.25%	9.61%	2.84%	-2.53%	-1.92%	14.59%	0.00%
Net Working Capital to Revenue	-107.29%	0.30%	3.73%	0.94%	-1.67%	-0.96%	-8.38%	-14.08%	-1.92%	11.19%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	$0.28	$0.69	$0.05	$0.21	$0.36	$0.07	$0.26	$0.19	($0.15)	($1.02)
Adjusted Weighted Average Basic Shares Outstanding	111.23M	123.16M	117.96M	125.70M	125.34M	124.99M	125.28M	123.91M	123.93M	124.81M	125.27M
Adjusted Diluted Earnings per Share	$0.25	$0.28	$0.66	$0.05	$0.21	$0.35	$0.06	$0.26	$0.19	($0.15)	($1.02)
Adjusted Weighted Average Diluted Shares Outstanding	115.98M	127.01M	123.02M	129.64M	129.25M	129.09M	129.21M	127.21M	126.10M	124.81M	125.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	128.22M	128.42M	128.42M	127.86M	127.38M	126.63M	126.07M	126.07M	126.13M	125.59M	126.36M
Normalized Net Operating Profit after Tax (NOPAT)	65	107	83	76	59	56	52	71	34	23	25
Normalized NOPAT Margin	27.08%	31.01%	27.47%	26.39%	21.43%	20.66%	21.94%	27.57%	16.77%	12.09%	11.68%
Pre Tax Income Margin	17.22%	15.30%	40.73%	3.04%	15.97%	24.07%	5.47%	17.97%	16.89%	-11.60%	-71.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.86	1.80	3.70	1.15	1.92	2.45	1.27	2.23	1.85	0.63	-3.46
NOPAT to Interest Expense	1.66	1.67	1.85	1.74	1.37	1.32	1.30	1.92	0.92	0.36	0.72
EBIT Less CapEx to Interest Expense	-5.83	-0.74	-0.22	-2.29	-2.02	-0.91	-2.71	-2.70	-1.65	-0.80	-5.71
NOPAT Less CapEx to Interest Expense	-6.04	-0.88	-2.06	-1.70	-2.57	-2.05	-2.67	-3.01	-2.58	-1.06	-1.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.79%	6.71%	6.08%	9.09%	10.68%	11.15%	23.34%	17.68%	18.14%	42.60%	0.00%
Augmented Payout Ratio	4.79%	9.59%	8.56%	17.30%	21.96%	26.20%	60.33%	38.81%	35.11%	57.50%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here are key takeaways for HighPeak Energy (HPK) based on quarterly data over the last four years, focusing on cash flow, earnings, leverage, and capital spending. The aim is to help retail investors gauge liquidity, profitability trends, and potential risks.

Operating cash flow has remained broadly positive across the window, supporting liquidity. Notably, net cash from continuing operating activities was about $141.2M in Q2 2025 and about $177.1M in Q3 2024, with other quarters also posting solid cash from operations.
In several quarters, HPK generated meaningful free cash flow, underscoring cash generation after capex. For example, in Q2 2025, operating cash flow (~$141.2M) minus capex for PPE (~$127.4M) yielded a positive free cash flow position (~$14M).
Debt financing activity provided an infusion of liquidity in a later quarter. In Q3 2025, HPK recorded a debt issuance (about $180M) and a solid net financing cash flow (~$127.5M), signaling access to funding when needed.
Top-line recovery occurred in 2024, with Q3 2024 operating revenue roughly $271.6M, higher than the roughly $188.9M seen in Q3 2025, indicating meaningful revenue scale when oil markets were stronger.
Total assets increased to about $3.12B by 2026 Q1, reflecting asset growth driven by capex and financing activity. The mix (debt and equity) implies leverage to expand the asset base but also introduces balance-sheet risk.
Earnings and profitability have shown volatility. Some quarters delivered positive earnings metrics (e.g., Q2 2025 basic and diluted EPS at about $0.19), while others posted losses, highlighting uncertain near-term profitability.
Shares outstanding have been in the mid-120 millions range (roughly 125–126M) across several quarters, indicating modest dilution risk rather than dramatic changes in share count.
Net income attributable to common shareholders has been negative in many periods, reflecting ongoing earnings headwinds. For example, HPK reported a notable quarterly loss in Q1 2026 (-$127.4M) and other quarters showing losses as well.
Significant debt load remains a key challenge. Long-term debt hovered around $1.0–$1.1B and total liabilities have been in the $1.5–$1.7B range, signaling substantial leverage and interest obligations.
Capital intensity is high, with sizable cash outlays for PPE in most quarters (examples include PPE purchases around $79M in Q1 2026, ~$127M in Q2 2025, and well over $100M in several prior quarters). This heavy capex pressures free cash flow and balance-sheet liquidity.
Cash balance has fluctuated and, in 2026 Q1, cash & equivalents were about $95.8M, a relatively low liquidity level versus prior years’ peaks, which may affect short-term liquidity if operating cash flows thin out.

05/11/26 05:05 PM ETAI Generated. May Contain Errors.

HighPeak Energy Financials - Frequently Asked Questions

According to the most recent income statement we have on file, HighPeak Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

HighPeak Energy's net income appears to be on an upward trend, with a most recent value of $95.07 million in 2024, falling from -$11.58 million in 2019. The previous period was $215.87 million in 2023. See where experts think HighPeak Energy is headed by visiting HighPeak Energy's forecast page.

HighPeak Energy's total operating income in 2024 was $337.41 million, based on the following breakdown:

Total Gross Profit: $937.17 million
Total Operating Expenses: $595.96 million

Over the last 4 years, HighPeak Energy's total revenue changed from $8.12 million in 2019 to $1.07 billion in 2024, a change of 13,078.2%.

HighPeak Energy's total liabilities were at $1.62 billion at the end of 2025, a 10.8% increase from 2024, and a 4,778.1% increase since 2019.

In the past 6 years, HighPeak Energy's cash and equivalents has ranged from $19.55 million in 2020 to $194.52 million in 2023, and is currently $162.08 million as of their latest financial filing in 2025.

Over the last 4 years, HighPeak Energy's book value per share changed from 0.00 in 2019 to 12.66 in 2024, a change of 1,265.5%.

Related Companies

Financial statements for NASDAQ:HPK last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

HighPeak Energy (HPK) Financials

Financials Breakdown Chart

Key Financial Trends

HighPeak Energy Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

HighPeak Energy (HPK) Financials

Annual Income Statements for HighPeak Energy

Quarterly Income Statements for HighPeak Energy

Annual Cash Flow Statements for HighPeak Energy

Quarterly Cash Flow Statements for HighPeak Energy

Annual Balance Sheets for HighPeak Energy

Quarterly Balance Sheets for HighPeak Energy

Annual Metrics And Ratios for HighPeak Energy

Quarterly Metrics And Ratios for HighPeak Energy

Financials Breakdown Chart

Key Financial Trends

HighPeak Energy Financials - Frequently Asked Questions

When does HighPeak Energy's financial year end?

How has HighPeak Energy's net income changed over the last 4 years?

What is HighPeak Energy's operating income?

How has HighPeak Energy's revenue changed over the last 4 years?

How much debt does HighPeak Energy have?

How much cash does HighPeak Energy have?

How has HighPeak Energy's book value per share changed over the last 4 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools