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MARKETS / NASDAQ / HPK
NASDAQ · DRILLING OIL & GAS WELLS · MID CAP

HighPeak Energy, Inc. HPK

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$863.4M
▼ 22.7% YoY
$19.0M
▼ 80.1% YoY
$504.9M
▼ 25.3% YoY
In brief

What this company does

HighPeak Energy, Inc. is an independent crude oil and natural gas exploration and production company that explores for, develops, and produces crude oil, NGL, and natural gas in the Permian Basin in West Texas, primarily in Howard and Borden Counties, Texas, and to a lesser extent Scurry and Mitchell Counties. As of December 31, 2025, the Company's assets consisted of two generally contiguous leasehold positions of approximately 154,472 gross and 142,560 net acres, approximately 72% of which were held by production. It operates approximately 98% of the net acreage across the Company's assets. Its acreage is composed of two core areas, Flat Top in the northern portion of Howard County extending into southern Borden County, southwest Scurry County and northwest Mitchell County, and Signal Peak in the southern portion of Howard County. As of December 31, 2025, the Company's assets contained approximately 173,891 MBoe of estimated proved reserves. As of December 31, 2025, HighPeak Energy had fifty full-time employees. HighPeak Energy, Inc. was formed as a Delaware corporation on October 29, 2019.

Written from the business description in HighPeak Energy, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 11 March 2026. Every sentence was checked against that document before publication.

Growth
USD 863.4M
Revenue, FY2025 · full 6-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.9 · Net income 0.0
0.4B0.8B201920212022202320242025
Compound annual growth
+4.5%
−56.9%
−58.3%
+17.0%
+26.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 17.4% · Net 2.2%
20%40%-50%-100%201920212022202320242025
ROE
FY2025 · ROE 1.2%
10%20%201920212022202320242025

Each USD of equity produced 1 cents of profit this year.

Cash & shareholders
USD 20.9M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 504.9
250.0M500.0M201920212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 20.9 · Net buybacks 0.0
20M40MDividendsNet buybacks20212022202320242025

USD 20.9M in dividends — 110% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 3.2B
EquityUSD 1.6B
CashUSD 162.1M
Gross debtUSD 1.2B
Net debtUSD 1.0B
Current ratio1.13×

Net debt stands at 65% of equity.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212019
Revenue $B0.91.11.10.80.20.0
Operating income $B0.10.30.40.40.1−0.0
EBITDA $B0.60.80.90.60.2−0.0
Income tax $B0.00.00.10.10.0·
Net income $B0.00.10.20.20.1−0.0
Free cash flow $B0.50.70.70.20.1−0.0
EPS, diluted $0.140.671.581.930.54·
Dividend / sh $0.160.160.100.100.12·
Payout %110215421·
ROE %1.26.015.927.510.8·
Shares out B0.130.130.130.110.10·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 50 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityDrilling Oil & Gas Wells
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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