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HPK logoHighPeak Energy, Inc.(HPK)Earnings, Financials & Key Ratios

HPK•NASDAQ
$6.18
$781M mkt cap·47.5× P/E·Price updated May 6, 2026
SectorEnergyIndustryOil & Gas E&PSub-IndustryU.S. shale oil focused producers
AboutHighPeak Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the Midland Basin in West Texas. As of December 31, 2021, the company had approximately 64,213 MBoe of proved reserves. HighPeak Energy, Inc. was incorporated in 2019 and is headquartered in Fort Worth, Texas.Show more
  • Revenue$863M-19.3%
  • EBITDA$573M-31.7%
  • Net Income$19M-80.1%
  • EPS (Diluted)0.13-80.6%
  • Gross Margin20.7%-41.2%
  • EBITDA Margin66.35%-15.3%
  • Operating Margin17.37%-44.9%
  • Net Margin2.2%-75.3%
  • ROE1.19%-80.3%
  • ROIC4.33%-56.6%
  • Debt/Equity0.75+14.3%
  • Interest Coverage1.02-41.0%
Technical→

HPK Key Insights

HighPeak Energy, Inc. (HPK) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 103.7%
  • ✓Healthy dividend yield of 3.0%
  • ✓Share count reduced 3.0% through buybacks
  • ✓Healthy 5Y average net margin of 17.4%
  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

HPK Price & Volume

HighPeak Energy, Inc. (HPK) stock price & volume — 10-year historical chart

Loading chart...

HPK Growth Metrics

HighPeak Energy, Inc. (HPK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years103.69%
3 Years4.54%
TTM-24.02%

Profit CAGR

10 Years-
5 Years-
3 Years-56.9%
TTM-80.05%

EPS CAGR

10 Years-
5 Years-
3 Years-59.31%
TTM-82.04%

Return on Capital

10 Years10.58%
5 Years16.49%
3 Years11.65%
Last Year5.09%

HPK Recent Earnings

HighPeak Energy, Inc. (HPK) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Mar 11, 2026
EPS
$0.21
Est $0.04
-425.0%
Revenue
$166M
Est $187M
-11.5%
Q4 2025
Nov 5, 2025
EPS
$0.03
Est $0.08
-62.5%
Revenue
$189M
Est $191M
-0.9%
Q3 2025
Aug 11, 2025
EPS
$0.10
Est $0.12
-16.7%
Revenue
$200M
Est $225M
-10.9%
Q2 2025
May 12, 2025
EPS
$0.31
Est $0.22
+40.9%
Revenue
$257M
Est $203M
+26.8%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 11, 2026
$0.21vs $0.04-425.0%
$166Mvs $187M-11.5%
Q4 2025Nov 5, 2025
$0.03vs $0.08-62.5%
$189Mvs $191M-0.9%
Q3 2025Aug 11, 2025
$0.10vs $0.12-16.7%
$200Mvs $225M-10.9%
Q2 2025May 12, 2025
$0.31vs $0.22+40.9%
$257Mvs $203M+26.8%
Based on last 12 quarters of dataView full earnings history →

HPK Peer Comparison

HighPeak Energy, Inc. (HPK) competitors in U.S. shale oil focused producers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CIVI logoCIVICivitas Resources, Inc.Direct Competitor2.34B27.383.2449.76%13.56%9.55%0.68
MTDR logoMTDRMatador Resources CompanyDirect Competitor7.18B57.769.485.1%14.38%8.23%0.59
REI logoREIRing Energy, Inc.Direct Competitor376.91M1.80-10.59-16.15%-115.94%-33.01%0.51
BATL logoBATLBattalion Oil CorporationDirect Competitor48.6M2.95-1.32-14.92%7.2%14.53%
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Direct Competitor225.54M5.574.5736.55%13.09%1.33
FANG logoFANGDiamondback Energy, Inc.Product Competitor54.88B195.1034.0536.31%2.65%0.93%0.34
CTRA logoCTRACoterra Energy Inc.Product Competitor24.72B32.5514.47-49.62%25.71%11.26%0.27
OXY logoOXYOccidental Petroleum CorporationProduct Competitor54.58B55.0434.18-20.32%20.31%12.63%0.65

Compare HPK vs Peers

HighPeak Energy, Inc. (HPK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CIVI

Most directly comparable listed peer for HPK.

Scale Benchmark

vs SLB

Larger-name benchmark to compare HPK against a more recognizable public peer.

Peer Set

Compare Top 5

vs CIVI, MTDR, REI, BATL

HPK Income Statement

HighPeak Energy, Inc. (HPK) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue8.12M24.62M220.12M755.69M1.11B1.07B863.36M
Revenue Growth %-203.43%793.98%243.3%47.06%-3.77%-19.27%
Cost of Goods Sold8.09M30.41M101M285.78M628.26M692.67M684.65M
COGS % of Revenue99.69%123.51%45.88%37.82%56.53%64.77%79.3%
Gross Profit
25K▲ 0%
-5.79M▼ 23260.0%
119.12M▲ 2157.4%
469.9M▲ 294.5%
483.04M▲ 2.8%
376.74M▼ 22.0%
178.71M▼ 52.6%
Gross Margin %0.31%-23.51%54.12%62.18%43.47%35.23%20.7%
Gross Profit Growth %--23260%2157.41%294.47%2.79%-22.01%-52.57%
Operating Expenses11.6M23.39M17.28M47.34M56.57M39.33M28.73M
OpEx % of Revenue142.99%95%7.85%6.26%5.09%3.68%3.33%
Selling, General & Admin8.68M23.39M15.56M45.82M42.55M33.09M25.89M
SG&A % of Revenue106.99%95%7.07%6.06%3.83%3.09%3%
Research & Development0000000
R&D % of Revenue-------
Other Operating Expenses2.92M01.72M1.52M14.02M6.24M2.84M
Operating Income
-11.58M▲ 0%
-29.18M▼ 152.0%
101.85M▲ 449.0%
422.56M▲ 314.9%
426.46M▲ 0.9%
337.41M▼ 20.9%
149.98M▼ 55.5%
Operating Margin %-142.69%-118.51%46.27%55.92%38.38%31.55%17.37%
Operating Income Growth %--152.02%449.02%314.9%0.92%-20.88%-55.55%
EBITDA-7.24M-12.78M167.22M600.68M850.89M838.16M572.83M
EBITDA Margin %-89.19%-51.9%75.96%79.49%76.57%78.38%66.35%
EBITDA Growth %--76.55%1408.51%259.22%41.65%-1.5%-31.66%
D&A (Non-Cash Add-back)4.34M16.4M65.37M178.11M424.42M500.75M422.85M
EBIT-11.58M-29.18M74.95M362.82M418.26M291.35M149.98M
Net Interest Income0-2K-2.48M-50.34M-144.99M-160.03M-143.29M
Interest Income06K1K266K2.91M8.69M3.85M
Interest Expense08K2.48M50.61M147.9M168.71M147.14M
Other Income/Expense0-76.5M-29.38M-110.35M-144.69M-206.49M-123.81M
Pretax Income
-11.58M▲ 0%
-105.69M▼ 812.7%
72.46M▲ 168.6%
312.21M▲ 330.9%
281.77M▼ 9.8%
130.92M▼ 53.5%
26.17M▼ 80.0%
Pretax Margin %-142.69%-429.22%32.92%41.32%25.36%12.24%3.03%
Income Tax0-4.22M16.9M75.36M65.91M35.85M7.21M
Effective Tax Rate %0%4%23.33%24.14%23.39%27.38%27.53%
Net Income
-11.58M▲ 0%
-101.46M▼ 776.3%
55.56M▲ 154.8%
236.85M▲ 326.3%
215.87M▼ 8.9%
95.07M▼ 56.0%
18.96M▼ 80.1%
Net Margin %-142.69%-412.07%25.24%31.34%19.42%8.89%2.2%
Net Income Growth %--776.27%154.76%326.31%-8.86%-55.96%-80.05%
Net Income (Continuing)-11.58M-101.46M55.56M236.85M215.87M95.07M18.96M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)
-0.13▲ 0%
-1.10▼ 746.2%
0.54▲ 149.1%
1.93▲ 257.4%
1.58▼ 18.1%
0.67▼ 57.6%
0.13▼ 80.6%
EPS Growth %--746.15%149.09%257.41%-18.13%-57.59%-80.6%
EPS (Basic)-0.13-1.100.552.041.640.690.13
Diluted Shares Outstanding91.59M91.97M94.77M111.16M123.02M129.21M125.27M
Basic Shares Outstanding91.59M91.97M93.13M104.74M117.96M125.28M125.27M
Dividend Payout Ratio--22.73%4.9%6.08%23.34%121.31%

HPK Balance Sheet

HighPeak Energy, Inc. (HPK) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets92.03M33.3M86.95M144.53M328.83M195.01M259.9M
Cash & Short-Term Investments22.71M19.55M34.87M30.5M194.51M86.65M162.07M
Cash Only22.71M19.55M34.87M30.5M194.51M86.65M162.07M
Short-Term Investments0000000
Accounts Receivable7.56M11.32M39.38M96.6M94.59M85.24M55.55M
Days Sales Outstanding339.86167.7765.2946.6631.0729.0923.48
Inventory184K121K3.3M13.28M7.25M10.95M7.65M
Days Inventory Outstanding8.31.4511.9416.954.215.774.08
Other Current Assets050K2.2M17K31.48M7.58M29.57M
Total Non-Current Assets405.88M504.63M732.01M2.13B2.75B2.87B3.08B
Property, Plant & Equipment405.88M502.64M727.22M2.13B2.73B2.85B2.93B
Fixed Asset Turnover0.02x0.05x0.30x0.36x0.41x0.38x0.29x
Goodwill0000000
Intangible Assets580K725K00000
Long-Term Investments0-38.9M0016.06M04.2M
Other Non-Current Assets-580K1.27M4.79M6.43M5.68M19.35M15.21M
Total Assets
497.91M▲ 0%
537.93M▲ 8.0%
818.96M▲ 52.2%
2.28B▲ 178.3%
3.08B▲ 35.2%
3.06B▼ 0.6%
3.34B▲ 9.0%
Asset Turnover0.02x0.05x0.27x0.33x0.36x0.35x0.26x
Asset Growth %-8.04%52.24%178.34%35.15%-0.57%9.04%
Total Current Liabilities30.98M22.43M103M266.13M287.39M284.63M230.26M
Accounts Payable11.12M7.58M38.14M105.56M63.58M74.01M84.31M
Days Payables Outstanding501.6290.98137.85134.8336.943944.95
Short-Term Debt0508K00120M120M60.84M
Deferred Revenue (Current)0000000
Other Current Liabilities184K1.97M24.95M24M13.32M89.9M85.1M
Current Ratio2.97x1.48x0.84x0.54x1.14x0.69x1.13x
Quick Ratio2.96x1.48x0.81x0.49x1.12x0.65x1.10x
Cash Conversion Cycle-153.4678.24-60.61-71.22-1.66-4.13-17.39
Total Non-Current Liabilities13.7M41.27M162.9M843.71M1.24B1.18B1.52B
Long-Term Debt0097.93M704.35M1.03B928.38M1.13B
Capital Lease Obligations078K000670K142K
Deferred Tax Liabilities038.9M55.8M131.16M197.07M232.4M365.99M
Other Non-Current Liabilities13.7M2.37M9.17M8.19M13.31M14.75M16.3M
Total Liabilities44.68M63.7M265.9M1.11B1.53B1.46B1.75B
Total Debt0586K97.93M704.69M1.15B1.05B1.19B
Net Debt-22.71M-18.97M63.06M674.19M956.31M963.12M1.03B
Debt / Equity-0.00x0.18x0.60x0.74x0.66x0.75x
Debt / EBITDA--0.59x1.17x1.35x1.25x2.08x
Net Debt / EBITDA--0.38x1.12x1.12x1.15x1.80x
Interest Coverage--3647.63x30.17x7.17x2.83x1.73x1.02x
Total Equity
453.22M▲ 0%
474.23M▲ 4.6%
553.06M▲ 16.6%
1.17B▲ 111.5%
1.55B▲ 32.8%
1.6B▲ 3.2%
1.59B▼ 0.5%
Equity Growth %-4.63%16.62%111.49%32.75%3.2%-0.49%
Book Value per Share4.955.165.8410.5212.6212.4012.73
Total Shareholders' Equity453.22M474.23M553.06M1.17B1.55B1.6B1.59B
Common Stock09K10K11K13K13K13K
Retained Earnings-5.75M-107.21M-64.44M160.74M363.28M435.83M432.55M
Treasury Stock0000000
Accumulated OCI0000000
Minority Interest0000000

HPK Cash Flow Statement

HighPeak Energy, Inc. (HPK) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-772K1.31M147.01M504.01M756.39M690.39M511.6M
Operating CF Margin %-9.51%5.32%66.79%66.7%68.06%64.56%59.26%
Operating CF Growth %-269.82%11113.96%242.83%50.07%-8.73%-25.9%
Net Income-11.58M-101.46M55.56M236.85M215.87M85.91M16.87M
Depreciation & Amortization4.34M16.4M65.2M177.74M11.41M0422.85M
Stock-Based Compensation015.78M6.68M33.35M25.96M00
Deferred Taxes0016.9M75.36M65.91M35.33M7.24M
Other Non-Cash Items2.85M80.31M16.87M15.79M419.83M574.55M24.33M
Working Capital Changes3.62M-9.72M-14.2M-35.09M17.42M-5.41M40.31M
Change in Receivables70K-4.33M-31.66M-57.22M2.01M9.35M29.7M
Change in Inventory-209K-702K00000
Change in Payables3.75M-4.68M24.51M34.09M8.49M4.72M4.98M
Cash from Investing-51.43M-139.82M-250.37M-1.18B-1.13B-620.84M-515.34M
Capital Expenditures-71.92M-124.69M-291M-1.31B-1.13B-621.18M-522.16M
CapEx % of Revenue886.3%506.4%132.2%173.53%101.32%58.09%60.48%
Acquisitions24.68M7.35M0128.94M0339K6.82M
Investments-------
Other Investing-4.19M-22.48M40.63M0000
Cash from Financing74.02M135.35M118.67M674.03M533.56M-177.41M79.17M
Debt Issued (Net)00100M610.18M425M-120M107.39M
Equity Issued (Net)74.02M138.44M25.3M85M155.77M-35.17M-154K
Dividends Paid0-2.78M-12.63M-11.61M-13.12M-22.19M-23M
Share Repurchases00000-35.17M0
Other Financing0-305K6M-9.54M-34.1M-57K-5.07M
Net Change in Cash
22.71M▲ 0%
-3.16M▼ 113.9%
15.32M▲ 584.9%
-4.37M▼ 128.5%
164.01M▲ 3857.4%
-107.87M▼ 165.8%
75.43M▲ 169.9%
Free Cash Flow
-72.69M▲ 0%
-123.38M▼ 69.7%
-143.98M▼ 16.7%
-807.33M▼ 460.7%
-369.55M▲ 54.2%
69.21M▲ 118.7%
-10.56M▼ 115.3%
FCF Margin %-895.81%-501.08%-65.41%-106.83%-33.25%6.47%-1.22%
FCF Growth %--69.72%-16.7%-460.72%54.23%118.73%-115.26%
FCF per Share-0.79-1.34-1.52-7.26-3.000.54-0.08
FCF Conversion (FCF/Net Income)0.07x-0.01x2.65x2.13x3.50x7.26x26.98x
Interest Paid001.81M0000
Taxes Paid0000000

HPK Key Ratios

HighPeak Energy, Inc. (HPK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2019202020212022202320242025
Return on Equity (ROE)-2.55%-21.88%10.82%27.5%15.86%6.03%1.19%
Return on Invested Capital (ROIC)--4.94%14.26%25.77%14.7%9.97%4.33%
Gross Margin0.31%-23.51%54.12%62.18%43.47%35.23%20.7%
Net Margin-142.69%-412.07%25.24%31.34%19.42%8.89%2.2%
Debt / Equity-0.00x0.18x0.60x0.74x0.66x0.75x
Interest Coverage--3647.63x30.17x7.17x2.83x1.73x1.02x
FCF Conversion0.07x-0.01x2.65x2.13x3.50x7.26x26.98x
Revenue Growth-203.43%793.98%243.3%47.06%-3.77%-19.27%

HPK SEC Filings & Documents

HighPeak Energy, Inc. (HPK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Nov 5, 2025·SEC

Material company update

Nov 5, 2025·SEC

Material company update

Sep 16, 2025·SEC

10-K Annual Reports

2
FY 2025

Mar 10, 2025·SEC

FY 2024

Mar 6, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 11, 2025·SEC

FY 2025

May 12, 2025·SEC

HPK Frequently Asked Questions

HighPeak Energy, Inc. (HPK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

HighPeak Energy, Inc. (HPK) reported $812.5M in revenue for fiscal year 2025. This represents a 9913% increase from $8.1M in 2019.

HighPeak Energy, Inc. (HPK) saw revenue decline by 19.3% over the past year.

Yes, HighPeak Energy, Inc. (HPK) is profitable, generating $19.0M in net income for fiscal year 2025 (2.2% net margin).

Dividend & Returns

Yes, HighPeak Energy, Inc. (HPK) pays a dividend with a yield of 2.97%. This makes it attractive for income-focused investors.

HighPeak Energy, Inc. (HPK) has a return on equity (ROE) of 1.2%. This is below average, suggesting room for improvement.

HighPeak Energy, Inc. (HPK) generated $45.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More HPK

HighPeak Energy, Inc. (HPK) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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