Saturday 17 October 2026
Export HPK’s income statement to Excel — free account
HighPeak Energy, Inc.
HPK Energy Oil & Gas E&P
HighPeak Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $863.4 million, down 22.7% from fiscal 2024. In the quarter to June 2026, revenue grew 25.8%, EPS grew 215.8%, free cash flow grew 41.0% and total debt rose 15.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
10.55
0.60
+6.03%
Follow HPK
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | 9.59 | 9.83 | 4.20 | 6.00 | 14.56 | 10.44 | 12.47 | 4.19 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | — | — | 9.88 | 10.60 | 19.97 | 21.82 | 38.21 | 30.15 | 17.48 | 15.72 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | 4 | 25 | 30 | 47 | 48 | 47 | 50 | ||||
| Revenue/emp, $m | — | — | — | 2.03 | 0.98 | 7.34 | 16.08 | 23.57 | 23.77 | 17.27 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 8 | 25 | 220 | 756 | 1,131 | 1,117 | 863 | ||||
| Gross margin, % | — | — | — | 52.91 | 63.55 | 83.74 | 85.70 | 81.98 | 82.82 | 79.53 | |||||
| EBT | — | 0 | 5 | (12) | (106) | 72 | 312 | 282 | 131 | 26 | |||||
| EBT margin, % | — | 0.00 | 0.00 | (142.69) | (429.22) | 32.92 | 41.32 | 24.91 | 11.72 | 3.03 | |||||
| Net income | — | 0 | 4 | (12) | (101) | 56 | 237 | 216 | 95 | 19 | |||||
| Depreciation | — | 0 | — | 4 | 16 | 66 | 191 | 451 | 519 | 433 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | 0.00 | 0.09 | 0.27 | 2.36 | 7.22 | 9.59 | 8.92 | 6.89 | ||||
| Earnings | — | — | 0.08 | 0.12 | (1.11) | 0.55 | 2.04 | 1.64 | 0.69 | 0.13 | |||||
| Cash flow | — | 0.00 | (0.02) | (0.01) | 0.01 | 1.58 | 4.81 | 6.41 | 5.51 | 4.08 | |||||
| Capex | — | 0.00 | 0.00 | (0.79) | (1.30) | (3.09) | (12.52) | (8.69) | (4.95) | (4.16) | |||||
| Free cash flow | — | 0.00 | (0.02) | (0.79) | (1.28) | (1.51) | (7.71) | (2.28) | 0.57 | (0.08) | |||||
| Book value | — | 0.00 | 0.10 | 5.07 | 5.18 | 5.94 | 11.17 | 13.16 | 12.79 | 12.73 | |||||
| Shares, m | — | — | 52 | 92 | 92 | 93 | 105 | 118 | 125 | 125 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 74.18 | 113.91 | 27.11 | 11.70 | 9.14 | 21.30 | 52.67 | ||||
| P/S | — | — | — | 0.00 | 59.43 | 6.19 | 3.21 | 1.55 | 1.65 | 0.69 | |||||
| P/B | — | — | — | 1.15 | 3.09 | 2.47 | 2.07 | 1.13 | 1.15 | 0.37 | |||||
| EV/Sales | — | — | — | 0.00 | 58.66 | 6.48 | 4.10 | 2.40 | 2.51 | 1.88 | |||||
| EV/FCF | — | — | — | (665.72) | (12.27) | (10.15) | (3.84) | (10.09) | 39.57 | (162.61) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | 0 | (1) | (1) | 1 | 147 | 504 | 756 | 690 | 512 | ||||
| Capex | — | 0 | — | (72) | (119) | (288) | (1,311) | (1,025) | (620) | (522) | |||||
| Free cash flow | — | 0 | (1) | (73) | (118) | (141) | (807) | (269) | 71 | (10) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | 0 | 0 | 61 | 11 | (16) | (122) | 41 | (90) | 30 | ||||
| Total debt | — | — | — | — | 1 | 99 | 704 | 1,150 | 1,048 | 1,193 | |||||
| Net debt | — | 0 | (1) | (23) | (19) | 64 | 674 | 956 | 962 | 1,031 | |||||
| Shareholders’ equity | — | 0 | 5 | 465 | 474 | 553 | 1,170 | 1,553 | 1,602 | 1,595 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | 0.00 | 2.04 | (2.52) | (19.59) | 7.51 | 13.83 | 8.05 | 3.09 | 0.60 | ||||
| ROIC | — | 0.00 | (4.61) | (1.64) | (4.00) | 10.30 | 14.33 | 10.63 | 8.22 | 3.57 | |||||
| ROE | — | 0.00 | 168.09 | (4.93) | (21.61) | 9.92 | 24.88 | 15.86 | 6.03 | 1.19 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
HighPeak Energy, Inc. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| VET Vermilion Energy Inc. | $1.9B | — (loss-making) | 21.3× | +17.00% (above 0%: growing) | n/m | +110.78% (above 0%: growing) | 67.53% | 29.66% | Compare |
| MNR Mach Natural Resources LP | $1.8B | 18.4× | 13.1× | +40.70% (above 0%: growing) | −22.37% (below 0%: shrinking) | −13.11% (below 0%: shrinking) | 61.56% | 30.17% | Compare |
| KOS Kosmos Energy Ltd. | $1.6B | — (loss-making) | — (loss-making) | +56.80% (above 0%: growing) | n/m | +405.33% (above 0%: growing) | 70.40% | 47.75% | Compare |
| GFR Greenfire Resources Ltd. | $1.6B | — (loss-making) | — | +21.83% (above 0%: growing) | −38.00% (below 0%: shrinking) | −386.50% (below 0%: shrinking) | 93.25% | 38.51% | Compare |
| DMLP Dorchester Minerals, L.P. | $1.5B | 17.3× | — | +73.10% (above 0%: growing) | +148.00% (above 0%: growing) | +110.38% (above 0%: growing) | 100.00% | 55.05% | Compare |
| HPK HighPeak Energy, Inc. | $1.3B | — (loss-making) | — (loss-making) | +25.84% (above 0%: growing) | +215.79% (above 0%: growing) | +41.01% (above 0%: growing) | 76.83% | 29.46% | |
| TBN Tamboran Resources Corporation | $1.1B | — (loss-making) | — | — | n/m | −72.13% (below 0%: shrinking) | — | 0.00% | Compare |
| REPX Riley Exploration Permian, Inc. | $1.0B | 8.7× | 14.6× | +94.22% (above 0%: growing) | +189.58% (above 0%: growing) | −366.95% (below 0%: shrinking) | 100.00% | 52.60% | Compare |
| INR Infinity Natural Resources Inc. | $824.5M | 4.5× | 4.4× | +129.63% (above 0%: growing) | +14.41% (above 0%: growing) | +3,802.98% (above 0%: growing) | 82.81% | 41.23% | Compare |
| Median of peers | $1.5B | 13.0× | 13.9× | +56.80% | +14.41% | +48.63% | 82.81% | 39.87% |
HighPeak Energy, Inc. (HPK) key facts
- Concern: HighPeak Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $863.4 million, down 22.7% from fiscal 2024.
- HighPeak Energy, Inc. (HPK) is an Oil & Gas E&P company in the Energy sector, listed on Nasdaq.
- As of October 16, 2026, HPK traded at $10.55, a market capitalization of $1.3 billion.
- HighPeak Energy, Inc. pays an annual dividend of $0.04 per share, a yield of 0.38%.
- Return on equity was 1.19% and debt-to-equity 0.77.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.84 (distress zone) for fiscal 2025.