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HighPeak Energy (HPK) Financials

HighPeak Energy logo
$8.32 +0.01 (+0.12%)
As of 08/21/2026 04:00 PM Eastern
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Annual Income Statements for HighPeak Energy

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

Quarterly Income Statements for HighPeak Energy

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 38 96 6.44 30 50 8.98 36 26 -19 -127 82
Consolidated Net Income / (Loss)		 39 95 6.44 30 50 8.98 36 26 -18 -127 82
Net Income / (Loss) Continuing Operations		 38 96 6.44 30 50 8.98 36 26 -19 -127 82
Total Pre-Tax Income 		53 123 8.74 44 65 13 46 34 -22 -155 99
Total Operating Income		 146 107 103 87 73 74 90 43 33 36 80
Total Gross Profit		 306 263 257 242 236 201 222 167 156 169 223
Total Revenue		 346 301 288 275 272 235 272 216 189 216 272
Operating Revenue		 346 301 288 275 272 235 272 216 189 216 272
Total Cost of Revenue		 40 38 30 33 35 34 50 50 33 47 50
Operating Cost of Revenue		 40 38 30 33 35 34 50 50 33 47 50
Total Operating Expenses		 159 156 154 153 161 127 132 121 123 133 139
Selling, General & Admin Expense		 6.93 4.65 4.69 4.74 4.97 6.00 6.35 5.67 9.33 5.75 7.00
Marketing Expense		 19 14 14 17 15 13 15 12 10 12 13
Exploration Expense		 1.73 0.86 0.50 0.17 0.36 0.45 0.26 1.11 2.28 0.74 4.44
Depreciation Expense		 117 133 131 128 137 106 109 101 101 113 113
Other Operating Expenses / (Income)		 14 4.02 4.04 4.02 3.99 1.62 0.42 0.34 0.46 1.16 1.17
Total Other Income / (Expense), net		 -94 16 -94 -45 -9.48 -61 -44 -12 -55 -191 15
Interest Expense		 64 45 44 43 43 40 37 36 63 35 36
Interest & Investment Income		 0.73 1.99 2.39 2.40 2.17 1.72 0.81 0.36 1.17 0.95 1.03
Other Income / (Expense), net		 -30 58 -53 -4.70 31 -23 -7.93 24 6.69 -157 50
Income Tax Expense		 14 28 2.30 14 15 3.87 9.94 7.66 -3.57 -28 16
Basic Earnings per Share		 $0.28 $0.69 $0.05 $0.21 $0.36 $0.07 $0.26 $0.19 ($0.15) ($1.02) $0.60
Weighted Average Basic Shares Outstanding		 123.16M 117.96M 125.70M 125.34M 124.99M 125.28M 123.91M 123.93M 124.81M 125.27M 125.29M
Diluted Earnings per Share		 $0.28 $0.66 $0.05 $0.21 $0.35 $0.06 $0.26 $0.19 ($0.15) ($1.02) $0.59
Weighted Average Diluted Shares Outstanding		 127.01M 123.02M 129.64M 129.25M 129.09M 129.21M 127.21M 126.10M 124.81M 125.27M 126.41M
Weighted Average Basic & Diluted Shares Outstanding		 128.42M 128.42M 127.86M 127.38M 126.63M 126.07M 126.07M 126.13M 125.59M 126.36M 126.45M
Cash Dividends to Common per Share		 $0.03 $0.03 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.04 $0.00 $0.00

Annual Cash Flow Statements for HighPeak Energy

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

Quarterly Cash Flow Statements for HighPeak Energy

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 122 43 -21 -15 -22 -49 -35 -30 143 -66 51
Net Cash From Operating Activities		 158 235 171 202 177 140 157 141 120 54 126
Net Cash From Continuing Operating Activities		 158 235 171 202 177 140 157 141 120 54 126
Net Income / (Loss) Continuing Operations		 39 95 6.44 30 50 8.98 36 26 -18 -127 82
Consolidated Net Income / (Loss)		 39 95 6.44 30 50 8.98 36 26 -18 -127 82
Depreciation Expense		 117 133 131 128 137 106 109 101 101 113 113
Amortization Expense		 7.68 4.54 4.51 4.52 4.56 4.56 4.46 4.51 1.96 0.88 1.35
Non-Cash Adjustments To Reconcile Net Income		 59 -57 52 1.37 -30 23 5.28 -18 25 141 -103
Changes in Operating Assets and Liabilities, net		 -65 59 -23 39 16 -2.21 1.65 27 11 -73 32
Net Cash From Investing Activities		 -325 -189 -148 -176 -151 -145 -157 -165 -105 -114 -76
Net Cash From Continuing Investing Activities		 -325 -189 -148 -176 -151 -145 -157 -165 -105 -114 -76
Purchase of Property, Plant & Equipment		 -164 -175 -150 -170 -143 -157 -182 -127 -89 -79 -110
Divestitures		 - - 0.00 - 0.07 0.22 0.57 - - 0.00 0.02
Other Investing Activities, net		 -161 -14 1.71 -6.93 -7.99 12 25 -38 -16 -35 35
Net Cash From Financing Activities		 288 -3.25 -44 -41 -48 -43 -35 -5.50 128 -6.10 -0.04
Net Cash From Continuing Financing Activities		 288 -3.25 -44 -41 -48 -43 -35 -5.50 128 -6.10 -0.04
Repayment of Debt		 -1,029 -2.04 -30 -30 -30 -30 -30 -30 -42 -6.10 -0.04
Cash Interest Paid		 43 40 40 38 39 35 36 32 35 34 35
Cash Income Taxes Paid		 - - 0.00 - - - 0.00 - 0.47 0.23 0.01

Annual Balance Sheets for HighPeak Energy

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

Quarterly Balance Sheets for HighPeak Energy

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Total Assets		 2,583 2,790 2,989 3,055 3,056 3,061 3,093 3,089 3,205 3,127 3,175
Total Current Assets		 145 144 298 299 259 249 153 122 251 212 264
Cash & Equivalents		 48 30 152 173 158 136 52 22 165 96 146
Accounts Receivable		 81 101 126 109 88 76 78 71 55 99 83
Inventories, net		 16 9.20 15 11 7.82 7.97 8.71 6.82 9.91 4.36 3.82
Prepaid Expenses		 1.00 3.15 3.25 2.77 3.07 3.92 8.30 4.79 4.63 5.60 3.22
Other Current Assets		 0.00 0.44 1.73 2.64 2.28 25 5.62 17 17 7.81 28
Plant, Property, & Equipment, net		 2,430 2,639 2,684 2,749 2,791 2,798 2,921 2,947 2,933 2,899 2,892
Plant, Property & Equipment, gross		 2,768 3,070 3,232 3,561 3,730 3,873 4,212 4,339 4,426 4,615 4,721
Accumulated Depreciation		 341 434 551 815 943 1,079 1,294 1,395 1,496 1,719 1,833
Total Noncurrent Assets		 7.07 6.77 7.23 6.50 6.80 15 19 20 20 15 19
Other Noncurrent Operating Assets		 7.07 6.77 7.23 6.50 6.80 15 19 20 20 15 19
Total Liabilities & Shareholders' Equity		 2,583 2,790 2,989 3,055 3,056 3,061 3,093 3,089 3,205 3,127 3,175
Total Liabilities		 1,362 1,535 1,534 1,506 1,486 1,456 1,460 1,435 1,578 1,659 1,623
Total Current Liabilities		 561 1,138 295 288 279 260 299 141 153 317 305
Short-Term Debt		 215 741 90 120 120 120 120 0.00 30 90 120
Accounts Payable		 133 216 50 47 40 53 66 64 45 51 53
Accrued Expenses		 176 155 125 98 99 84 103 74 77 60 92
Other Current Liabilities		 22 12 28 22 18 2.65 9.10 2.28 0.89 116 41
Total Noncurrent Liabilities		 800 396 1,239 1,218 1,207 1,196 1,161 1,295 1,426 1,342 1,318
Long-Term Debt		 645 232 1,058 1,005 979 954 903 1,027 1,162 1,098 1,069
Asset Retirement Reserve & Litigation Obligation		 7.76 7.89 8.02 14 14 14 15 15 16 16 17
Noncurrent Deferred & Payable Income Tax Liabilities		 146 155 169 199 213 228 242 250 246 212 228
Other Noncurrent Operating Liabilities		 1.20 1.36 3.88 1.05 0.94 0.13 0.58 1.91 1.10 16 3.96
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		 1,221 1,255 1,455 1,548 1,570 1,606 1,633 1,654 1,627 1,468 1,551
Total Preferred & Common Equity		 1,221 1,255 1,455 1,548 1,570 1,606 1,633 1,654 1,627 1,468 1,551
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		 1,221 1,255 1,455 1,548 1,570 1,606 1,633 1,654 1,627 1,468 1,551
Common Stock		 1,013 1,019 1,183 1,184 1,182 1,173 1,167 1,167 1,163 1,163 1,164
Retained Earnings		 208 237 272 364 388 432 467 487 463 305 387

Annual Metrics And Ratios for HighPeak Energy

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%

Quarterly Metrics And Ratios for HighPeak Energy

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 125,587,093.00 126,358,104.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 125,587,093.00 126,358,104.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -1.01 0.65
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 69.31% 16.76% 28.58% 14.33% -21.42% -22.03% -10.54% -27.20% -30.46% -20.72% 25.84%
EBITDA Growth		 20.47% 52.71% 3.08% 23.81% 1.86% -46.96% 5.88% -19.38% -42.21% -103.65% 41.77%
EBIT Growth		 -24.77% 50.95% -45.50% 12.96% -9.97% -69.56% 64.98% -18.36% -62.35% -246.82% 93.87%
NOPAT Growth		 17.10% -15.60% 10.45% -9.54% -47.65% -37.73% -6.54% -43.02% -59.31% -64.47% 98.99%
Net Income Growth		 -64.06% 39.92% -87.19% -6.63% 28.76% -90.55% 464.38% -11.92% -136.72% -450.76% 214.31%
EPS Growth		 -67.06% 8.20% -87.18% -16.00% 25.00% -90.91% 420.00% -9.52% -142.86% -492.31% 210.53%
Operating Cash Flow Growth		 2.23% 16.62% -9.77% 16.50% 12.04% -40.54% -8.39% -30.21% -32.11% -65.49% -10.53%
Free Cash Flow Firm Growth		 25.57% 50.06% 66.30% 69.07% 94.99% 99.51% 91.22% 53.05% -142.85% 312.67% 217.12%
Invested Capital Growth		 50.60% 35.18% 22.03% 13.58% 3.75% 2.16% 4.16% 5.85% 4.32% -1.72% -2.48%
Revenue Q/Q Growth		 43.54% -12.86% -4.45% -4.34% -1.34% -13.54% 9.64% -22.16% -5.76% 0.00% 26.19%
EBITDA Q/Q Growth		 38.95% 25.49% -38.73% 15.88% 14.31% -34.65% 22.32% -11.77% -18.05% 0.00% 3,527.14%
EBIT Q/Q Growth		 58.62% 42.39% -69.73% 65.20% 26.43% -51.86% 64.10% -18.25% -41.70% 0.00% 207.94%
NOPAT Q/Q Growth		 64.36% -22.81% -8.21% -22.32% -4.88% -8.18% 37.77% -52.65% -32.08% 0.00% 165.25%
Net Income Q/Q Growth		 21.85% 144.99% -93.22% 361.59% 68.03% -82.01% 304.58% -27.96% -170.05% 0.00% 164.56%
EPS Q/Q Growth		 12.00% 135.71% -92.42% 320.00% 66.67% -82.86% 333.33% -26.92% -178.95% 0.00% 157.84%
Operating Cash Flow Q/Q Growth		 -8.98% 48.45% -26.94% 18.02% -12.47% -21.22% 12.57% -10.09% -14.85% 0.00% 133.10%
Free Cash Flow Firm Q/Q Growth		 8.18% 20.39% 34.19% 35.70% 85.14% 92.26% -1,087.24% -244.04% 23.15% 0.00% 89.46%
Invested Capital Q/Q Growth		 10.84% 2.36% -0.37% 0.48% 1.25% 0.80% 1.58% 2.11% -0.21% 0.00% 1.33%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 88.48% 87.49% 89.48% 88.09% 86.96% 85.62% 86.19% 83.17% 82.36% 78.11% 81.69%
EBITDA Margin		 69.75% 100.44% 64.40% 78.02% 90.40% 68.33% 76.22% 86.40% 75.13% -3.32% 90.10%
Operating Margin		 42.28% 35.46% 35.80% 31.70% 27.04% 31.38% 35.11% 21.68% 17.27% 16.68% 29.46%
EBIT Margin		 33.55% 54.81% 17.37% 29.99% 38.43% 21.40% 32.03% 33.63% 20.81% -56.08% 47.97%
Profit (Net Income) Margin		 11.22% 31.55% 2.24% 10.80% 18.39% 3.82% 14.11% 13.06% -9.71% -59.04% 30.20%
Tax Burden Percent		 73.34% 77.45% 73.70% 67.59% 76.38% 69.91% 78.52% 77.35% 83.71% 82.17% 83.34%
Interest Burden Percent		 45.61% 74.30% 17.48% 53.26% 62.63% 25.57% 56.12% 50.21% -55.73% 128.12% 75.55%
Effective Tax Rate		 26.66% 22.55% 26.30% 32.41% 23.62% 30.09% 21.48% 22.65% 0.00% 0.00% 16.66%
Return on Invested Capital (ROIC)		 16.23% 13.98% 13.63% 10.97% 9.39% 9.25% 11.22% 6.25% 4.10% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.26% 15.48% 5.83% 7.89% 8.75% 4.81% 7.62% 5.49% -0.09% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 4.33% 9.35% 3.75% 5.30% 5.54% 2.93% 4.61% 3.32% -0.05% 0.00% 0.00%
Return on Equity (ROE)		 20.57% 23.33% 17.38% 16.27% 14.93% 12.18% 15.83% 9.57% 4.05% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 -23.66% -14.96% -5.07% 1.25% 7.48% 7.52% 5.37% 2.65% 2.68% 1.74% 2.51%
Operating Return on Assets (OROA)		 14.24% 22.73% 7.24% 12.41% 14.43% 7.45% 10.83% 10.55% 5.85% 0.00% 0.00%
Return on Assets (ROA)		 4.76% 13.08% 0.93% 4.47% 6.90% 1.33% 4.77% 4.10% -2.73% 0.00% 0.00%
Return on Common Equity (ROCE)		 20.57% 23.33% 17.38% 16.27% 14.93% 12.18% 15.83% 9.57% 4.05% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 12.97% 0.00% 11.11% 10.82% 11.28% 0.00% 7.65% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 107 83 76 59 56 52 71 34 23 25 67
NOPAT Margin		 31.01% 27.47% 26.39% 21.43% 20.66% 21.94% 27.57% 16.77% 12.09% 11.68% 24.55%
Net Nonoperating Expense Percent (NNEP)		 8.97% -1.49% 7.81% 3.08% 0.64% 4.43% 3.60% 0.76% 4.19% 14.80% -1.50%
Return On Investment Capital (ROIC_SIMPLE)		 - 3.06% 2.84% - - 1.94% 2.67% 1.25% 0.81% 0.95% 2.44%
Cost of Revenue to Revenue		 11.52% 12.51% 10.52% 11.92% 13.04% 14.38% 13.81% 16.83% 17.64% 21.89% 18.31%
SG&A Expenses to Revenue		 2.01% 1.54% 1.63% 1.72% 1.83% 2.56% 2.46% 2.83% 4.94% 2.66% 2.57%
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		 46.04% 51.96% 53.68% 55.66% 59.40% 54.07% 51.08% 60.25% 64.98% 61.40% 51.13%
Earnings before Interest and Taxes (EBIT)		 116 165 50 83 104 50 82 67 39 -121 131
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 241 302 185 215 246 160 196 173 142 -7.16 245
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.47 1.16 1.29 1.14 1.10 1.16 0.98 0.75 0.55 0.59 0.57
Price to Tangible Book Value (P/TBV)		 1.47 1.16 1.29 1.14 1.10 1.16 0.98 0.75 0.55 0.59 0.57
Price to Revenue (P/Rev)		 2.01 1.62 1.70 1.49 1.56 1.74 1.54 1.28 1.01 0.00 0.00
Price to Earnings (P/E)		 11.40 8.36 11.64 10.58 9.73 19.52 12.77 10.17 16.85 0.00 0.00
Dividend Yield		 0.60% 0.71% 0.74% 0.92% 1.04% 1.09% 1.26% 1.63% 2.26% 2.32% 2.29%
Earnings Yield		 8.77% 11.96% 8.59% 9.45% 10.27% 5.12% 7.83% 9.83% 5.94% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.28 1.10 1.18 1.09 1.06 1.10 0.99 0.84 0.72 0.77 0.74
Enterprise Value to Revenue (EV/Rev)		 2.94 2.48 2.51 2.26 2.38 2.63 2.47 2.32 2.18 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 3.96 3.08 3.27 2.90 2.85 3.50 3.14 2.89 2.86 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 8.05 6.19 7.31 6.62 6.73 9.81 8.03 7.36 8.02 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 9.21 8.45 8.79 8.30 9.71 11.50 10.66 10.40 10.68 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.34 3.65 4.00 3.57 3.45 4.08 3.80 3.64 3.44 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 92.62 14.49 14.77 18.74 32.72 27.54 43.65 29.23
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.79 0.74 0.73 0.70 0.67 0.65 0.63 0.62 0.73 0.81 0.77
Long-Term Debt to Equity		 0.73 0.66 0.65 0.62 0.59 0.58 0.55 0.62 0.71 0.75 0.69
Financial Leverage		 0.60 0.60 0.64 0.67 0.63 0.61 0.60 0.60 0.61 0.67 0.64
Leverage Ratio		 1.97 1.97 2.04 2.07 1.98 1.95 1.93 1.91 1.94 2.01 1.95
Compound Leverage Factor		 0.90 1.46 0.36 1.10 1.24 0.50 1.08 0.96 -1.08 2.57 1.48
Debt to Total Capital		 44.10% 42.56% 42.08% 41.18% 40.08% 39.55% 38.51% 38.31% 42.30% 44.72% 43.39%
Short-Term Debt to Total Capital		 3.46% 4.44% 4.49% 4.49% 4.48% 4.53% 4.52% 0.00% 1.06% 3.39% 4.38%
Long-Term Debt to Total Capital		 40.64% 38.12% 37.59% 36.68% 35.60% 35.02% 33.99% 38.31% 41.23% 41.33% 39.01%
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		 55.90% 57.44% 57.92% 58.82% 59.92% 60.45% 61.49% 61.69% 57.70% 55.28% 56.61%
Debt to EBITDA		 1.45 1.28 1.25 1.17 1.13 1.30 1.25 1.33 1.78 0.00 0.00
Net Debt to EBITDA		 1.26 1.07 1.05 1.00 0.99 1.19 1.19 1.30 1.53 0.00 0.00
Long-Term Debt to EBITDA		 1.34 1.15 1.11 1.04 1.01 1.15 1.11 1.33 1.73 0.00 0.00
Debt to NOPAT		 3.36 3.52 3.35 3.33 3.85 4.28 4.25 4.77 6.64 0.00 0.00
Net Debt to NOPAT		 2.92 2.93 2.83 2.85 3.37 3.93 4.03 4.67 5.72 0.00 0.00
Long-Term Debt to NOPAT		 3.10 3.15 2.99 2.97 3.42 3.79 3.75 4.77 6.47 0.00 0.00
Altman Z-Score		 1.45 1.43 1.41 1.38 1.41 1.33 1.23 1.11 0.89 0.28 0.62
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		 1.01 1.14 1.04 0.93 0.96 0.69 0.51 0.87 1.65 0.67 0.87
Quick Ratio		 0.94 1.01 0.98 0.88 0.82 0.60 0.43 0.66 1.44 0.61 0.75
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -717 -571 -375 -241 -36 -2.78 -33 -113 -87 70 133
Operating Cash Flow to CapEx		 96.67% 134.26% 114.35% 119.37% 123.59% 88.78% 86.13% 110.84% 134.86% 68.58% 114.53%
Free Cash Flow to Firm to Interest Expense		 -11.14 -12.79 -8.60 -5.62 -0.84 -0.07 -0.89 -3.11 -1.39 2.00 3.69
Operating Cash Flow to Interest Expense		 2.46 5.26 3.93 4.71 4.16 3.53 4.25 3.88 1.92 1.55 3.51
Operating Cash Flow Less CapEx to Interest Expense		 -0.08 1.34 0.49 0.76 0.79 -0.45 -0.68 0.38 0.50 -0.71 0.45
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.42 0.41 0.42 0.41 0.38 0.35 0.34 0.31 0.28 0.00 0.00
Accounts Receivable Turnover		 10.21 11.63 12.37 12.83 11.22 11.89 11.09 12.13 13.46 0.00 0.00
Inventory Turnover		 11.29 14.16 10.59 16.52 11.79 14.53 13.83 18.92 15.26 0.00 0.00
Fixed Asset Turnover		 0.47 0.46 0.45 0.45 0.41 0.38 0.37 0.34 0.31 0.00 0.00
Accounts Payable Turnover		 1.51 1.72 1.58 1.10 2.65 1.92 2.42 2.64 2.81 0.00 0.00
Days Sales Outstanding (DSO)		 35.74 31.40 29.50 28.44 32.53 30.69 32.91 30.09 27.12 0.00 0.00
Days Inventory Outstanding (DIO)		 32.34 25.77 34.45 22.10 30.96 25.12 26.39 19.30 23.92 0.00 0.00
Days Payable Outstanding (DPO)		 241.90 212.36 230.88 332.78 137.93 189.88 150.93 138.06 130.06 0.00 0.00
Cash Conversion Cycle (CCC)		 -173.82 -155.19 -166.93 -282.24 -74.44 -134.07 -91.64 -88.67 -79.02 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,452 2,510 2,501 2,513 2,544 2,564 2,605 2,660 2,654 2,560 2,594
Invested Capital Turnover		 0.52 0.51 0.52 0.51 0.45 0.42 0.41 0.37 0.34 0.00 0.00
Increase / (Decrease) in Invested Capital		 824 653 451 300 92 54 104 147 110 -45 -66
Enterprise Value (EV)		 3,141 2,760 2,955 2,739 2,706 2,817 2,567 2,241 1,919 1,958 1,926
Market Capitalization		 2,145 1,805 2,003 1,798 1,768 1,856 1,596 1,235 892 867 883
Book Value per Share		 $11.35 $12.09 $12.06 $12.28 $12.61 $12.66 $12.96 $13.12 $12.90 $11.72 $12.28
Tangible Book Value per Share		 $11.35 $12.09 $12.06 $12.28 $12.61 $12.66 $12.96 $13.12 $12.90 $11.72 $12.28
Total Capital		 2,603 2,703 2,673 2,670 2,680 2,651 2,656 2,681 2,819 2,656 2,740
Total Debt		 1,148 1,150 1,125 1,099 1,074 1,048 1,023 1,027 1,192 1,188 1,189
Total Long-Term Debt		 1,058 1,030 1,005 979 954 928 903 1,027 1,162 1,098 1,069
Net Debt		 996 956 951 941 938 962 971 1,006 1,027 1,092 1,043
Capital Expenditures (CapEx)		 164 175 150 170 143 157 182 127 89 79 110
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -59 -33 -42 -58 -26 -56 -78 -40 -36 -111 -68
Debt-free Net Working Capital (DFNWC)		 93 161 131 100 109 30 -26 -18 129 -15 79
Net Working Capital (NWC)		 3.25 41 11 -20 -11 -90 -146 -18 99 -105 -41
Net Nonoperating Expense (NNE)		 68 -12 69 29 6.17 43 35 7.43 41 153 -15
Net Nonoperating Obligations (NNO)		 997 957 952 942 938 962 971 1,006 1,027 1,092 1,043
Total Depreciation and Amortization (D&A)		 125 137 135 132 141 110 114 106 103 114 115
Debt-free, Cash-free Net Working Capital to Revenue		 -5.48% -2.98% -3.60% -4.81% -2.33% -5.26% -7.50% -4.18% -4.11% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 8.73% 14.53% 11.15% 8.25% 9.61% 2.84% -2.53% -1.92% 14.59% 0.00% 0.00%
Net Working Capital to Revenue		 0.30% 3.73% 0.94% -1.67% -0.96% -8.38% -14.08% -1.92% 11.19% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.28 $0.69 $0.05 $0.21 $0.36 $0.07 $0.26 $0.19 ($0.15) ($1.02) $0.60
Adjusted Weighted Average Basic Shares Outstanding		 123.16M 117.96M 125.70M 125.34M 124.99M 125.28M 123.91M 123.93M 124.81M 125.27M 125.29M
Adjusted Diluted Earnings per Share		 $0.28 $0.66 $0.05 $0.21 $0.35 $0.06 $0.26 $0.19 ($0.15) ($1.02) $0.59
Adjusted Weighted Average Diluted Shares Outstanding		 127.01M 123.02M 129.64M 129.25M 129.09M 129.21M 127.21M 126.10M 124.81M 125.27M 126.41M
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		 128.42M 128.42M 127.86M 127.38M 126.63M 126.07M 126.07M 126.13M 125.59M 126.36M 126.45M
Normalized Net Operating Profit after Tax (NOPAT)		 107 83 76 59 56 52 71 34 23 25 67
Normalized NOPAT Margin		 31.01% 27.47% 26.39% 21.43% 20.66% 21.94% 27.57% 16.77% 12.09% 11.68% 24.55%
Pre Tax Income Margin		 15.30% 40.73% 3.04% 15.97% 24.07% 5.47% 17.97% 16.89% -11.60% -71.84% 36.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.80 3.70 1.15 1.92 2.45 1.27 2.23 1.85 0.63 -3.46 3.63
NOPAT to Interest Expense		 1.67 1.85 1.74 1.37 1.32 1.30 1.92 0.92 0.36 0.72 1.86
EBIT Less CapEx to Interest Expense		 -0.74 -0.22 -2.29 -2.02 -0.91 -2.71 -2.70 -1.65 -0.80 -5.71 0.57
NOPAT Less CapEx to Interest Expense		 -0.88 -2.06 -1.70 -2.57 -2.05 -2.67 -3.01 -2.58 -1.06 -1.54 -1.21
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 6.71% 6.08% 9.09% 10.68% 11.15% 23.34% 17.68% 18.14% 42.60% 0.00% 0.00%
Augmented Payout Ratio		 9.59% 8.56% 17.30% 21.96% 26.20% 60.33% 38.81% 35.11% 57.50% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

HighPeak Energy’s Q1 2026 results show a sharp deterioration in profitability and cash generation compared with the same quarter of 2025, despite continued investment in its asset base. Revenue declined to $215.9 million from $272.3 million, while operating income fell to $36.0 million from $90.4 million. The company also reported a $127.4 million net loss, compared with net income of $36.3 million in Q1 2025.

The longer-term trend is mixed. HighPeak expanded its asset base substantially, with net property, plant and equipment increasing to $2.90 billion in Q1 2026 from $2.43 billion in Q1 2023. However, quarterly revenue and earnings have generally weakened from the much stronger levels recorded in 2022 and 2023. The company’s results have also become more volatile, with profitable quarters in 2024 and early 2025 followed by losses in Q3 2025 and Q1 2026.

  • Asset base continues to expand. Gross property, plant and equipment increased to $4.62 billion in Q1 2026 from $3.56 billion in Q1 2024 and $2.77 billion in Q1 2023, indicating continued development of HighPeak’s production infrastructure.
  • Liquidity improved versus Q1 2025. Cash and equivalents rose to $95.8 million from $51.6 million a year earlier, while total current assets increased to $212.1 million from $152.6 million.
  • Short-term debt declined year over year. Short-term debt was $90.0 million in Q1 2026, down from $120.0 million in Q1 2025. The current ratio also improved to approximately 0.67 from 0.51, although it remains below 1.0.
  • Capital spending moderated. Purchases of property, plant and equipment fell to $79.0 million in Q1 2026 from $182.3 million in Q1 2025 and $157.2 million in Q4 2024, reducing the immediate funding burden from development spending.
  • Revenue remains meaningful but has trended lower. Q1 2026 revenue of $215.9 million was higher than Q3 2025 revenue of $188.9 million, but substantially below the $345.6 million reported in Q3 2023 and $287.8 million in Q1 2024.
  • Operating cash flow remains positive but is increasingly dependent on noncash items. Q1 2026 operating cash flow was $54.2 million, supported by $113.0 million of depreciation and $141.2 million of other noncash adjustments. This compares with operating cash flow of $157.1 million in Q1 2025 and $177.1 million in Q3 2024.
  • Profitability deteriorated sharply. Gross profit declined to $168.6 million from $221.9 million year over year, and the gross margin narrowed to about 78% from 82%. Operating income fell approximately 60%.
  • Q1 2026 produced a substantial net loss. HighPeak reported a $127.4 million loss, or $1.02 per diluted share, compared with earnings of $36.3 million, or $0.26 per diluted share, in Q1 2025. A $157.1 million net other expense was the primary reported drag below operating income.
  • Free cash flow was negative. Operating cash flow of $54.2 million did not cover $114.4 million of investing outflows, resulting in an approximate $60.1 million negative free cash flow before financing activities. Cash declined by $66.2 million during the quarter.
  • Debt and interest costs remain significant. Total short- and long-term debt was approximately $1.19 billion at March 31, 2026, up from $1.02 billion a year earlier. Q1 interest expense was $35.0 million, consuming a large portion of operating income, while total liabilities increased to $1.66 billion and equity declined to $1.47 billion.

For investors, the key issue is whether HighPeak can stabilize production-related revenue and return to positive free cash flow while managing its substantial debt load. The improved cash balance and lower capital spending provide some support, but the combination of falling revenue, recurring losses, negative free cash flow and higher leverage remains a significant risk. The company also reported no common dividend in Q1 2026, compared with $0.04 per share in each quarter of 2025, signaling a more conservative approach to cash preservation.

08/23/26 08:19 AM 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%.


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Financial statements for NASDAQ:HPK last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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