Highpeak Energy，Inc Financials
This page shows Highpeak Energy，Inc (HPK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Large non-cash charges keep cash flow stronger than earnings, while reinvestment and interest costs absorb most of the cushion each year.
In FY2025, cash generation stayed far ahead of accounting profit: operating cash flow was$512M against net income of$19M , so reported earnings understate how much cash the asset base actually produced. That cushion still did not become much residual profit because interest expense nearly consumed operating income, with$147M of interest against$150M of operating income.
From FY2023 to FY2025, revenue fell from
The balance sheet shows a split picture: near-term liquidity improved, with current ratio rising from 0.7x to 1.1x, but leverage kept climbing, with debt-to-equity moving from 0.6x to 0.7x. That means short-term obligations look better covered even as the business relies more heavily on debt to finance a large, depreciation-heavy asset base.
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Highpeak Energy，Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Highpeak Energy，Inc scores 0.97, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Highpeak Energy，Inc passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). All 1 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
Highpeak Energy，Inc earns $1.0 in operating income for every $1 of interest expense ($150.0M vs $147.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Highpeak Energy，Inc generated $863.4M in revenue in fiscal year 2025. This represents a decrease of 22.7% from the prior year.
Highpeak Energy，Inc's EBITDA was $571.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.8% from the prior year.
Highpeak Energy，Inc earned $0.14 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 79.1% from the prior year.
Cash & Balance Sheet
Highpeak Energy，Inc held $162.1M in cash against $1.1B in long-term debt as of fiscal year 2025.
Highpeak Energy，Inc paid $0.16 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Highpeak Energy，Inc had 125M shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.
Margins & Returns
Highpeak Energy，Inc's operating margin was 17.4% in fiscal year 2025, reflecting core business profitability. This is down 12.8 percentage points from the prior year.
Capital Allocation
Highpeak Energy，Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
HPK Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $215.9M+7.0% | $201.8M+6.8% | $188.9M-5.8% | $200.4M-26.4% | $272.3M-3.6% | $282.6M+4.0% | $271.6M-1.3% | $275.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $5.7M+46.4% | $3.9M-57.9% | $9.3M+64.5% | $5.7M-10.6% | $6.3M+5.7% | $6.0M+20.7% | $5.0M+5.0% | $4.7M |
| Operating Income | $36.0M+319.0% | -$16.4M-150.4% | $32.6M-24.9% | $43.4M-51.9% | $90.4M+22.7% | $73.7M+0.3% | $73.4M-15.8% | $87.3M |
| Interest Expense | $35.0M-4.2% | $36.6M-1.5% | $37.1M+2.0% | $36.4M-1.6% | $37.0M-6.4% | $39.5M-7.2% | $42.6M-1.0% | $43.0M |
| Income Tax | -$27.7M-304.8% | -$6.8M-91.5% | -$3.6M-146.5% | $7.7M-22.9% | $9.9M+157.1% | $3.9M-75.0% | $15.4M+8.3% | $14.3M |
| Net Income | -$127.4M | N/A | -$18.3M-170.0% | $26.2M-28.0% | $36.3M | N/A | $49.9M+68.0% | $29.7M |
| EPS (Diluted) | $-1.02 | N/A | $-0.15-178.9% | $0.19-26.9% | $0.26 | N/A | $0.35+66.7% | $0.21 |
HPK Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.1B-2.7% | $3.2B+0.3% | $3.2B+3.7% | $3.1B-0.1% | $3.1B+1.0% | $3.1B+0.1% | $3.1B+0.2% | $3.1B |
| Current Assets | $212.1M-18.4% | $259.9M+3.4% | $251.3M+105.7% | $122.2M-19.9% | $152.6M-21.7% | $195.0M-21.6% | $248.7M-3.8% | $258.6M |
| Cash & Equivalents | $95.8M-40.9% | $162.1M-1.7% | $164.9M+654.6% | $21.9M-57.7% | $51.6M-40.4% | $86.6M-36.1% | $135.6M-14.1% | $157.9M |
| Inventory | $4.4M-43.0% | $7.6M-22.8% | $9.9M+45.2% | $6.8M-21.6% | $8.7M-20.5% | $11.0M+37.5% | $8.0M+1.9% | $7.8M |
| Accounts Receivable | $98.5M+77.3% | $55.5M+1.8% | $54.6M-23.6% | $71.4M-8.8% | $78.4M-8.1% | $85.2M+11.5% | $76.4M-12.7% | $87.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.7B+2.4% | $1.6B+2.6% | $1.6B+10.0% | $1.4B-1.7% | $1.5B-0.1% | $1.5B+0.3% | $1.5B-2.0% | $1.5B |
| Current Liabilities | $317.1M+37.7% | $230.3M+50.8% | $152.7M+8.5% | $140.7M-52.9% | $298.9M+5.0% | $284.6M+9.6% | $259.6M-6.9% | $278.9M |
| Long-Term Debt | $1.1B-3.1% | $1.1B-2.5% | $1.2B+13.1% | $1.0B+13.8% | $902.8M-2.8% | $928.4M-2.7% | $953.8M-2.6% | $979.3M |
| Total Equity | $1.5B-7.9% | $1.6B-2.0% | $1.6B-1.7% | $1.7B+1.3% | $1.6B+1.9% | $1.6B-0.2% | $1.6B+2.2% | $1.6B |
| Retained Earnings | $305.1M-29.5% | $432.5M-6.6% | $463.3M-4.9% | $487.2M+4.4% | $466.6M+7.1% | $435.8M+0.8% | $432.4M+11.4% | $388.1M |
HPK Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $54.2M-41.8% | $93.1M-22.6% | $120.2M-14.9% | $141.2M-10.1% | $157.1M+12.6% | $139.5M-21.2% | $177.1M-12.5% | $202.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$114.4M-29.2% | -$88.5M+15.5% | -$104.7M+36.7% | -$165.5M-5.7% | -$156.6M-8.0% | -$145.0M+4.1% | -$151.2M+14.3% | -$176.4M |
| Financing Cash Flow | -$6.1M+17.6% | -$7.4M-105.8% | $127.5M+2421.1% | -$5.5M+84.5% | -$35.5M+18.3% | -$43.4M+10.0% | -$48.2M-16.5% | -$41.4M |
| Dividends Paid | $0-100.0% | $5.4M-4.6% | $5.6M+13.3% | $5.0M+0.2% | $5.0M-0.4% | $5.0M-0.4% | $5.0M-0.8% | $5.0M |
| Share Buybacks | N/A | $0 | $0 | $0 | $0-100.0% | $7.9M-37.6% | $12.7M+119.4% | $5.8M |
HPK Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 16.7%+24.8pp | -8.2%-25.4pp | 17.3%-4.4pp | 21.7%-11.5pp | 33.2%+7.1pp | 26.1%-1.0pp | 27.0%-4.7pp | 31.7% |
| Net Margin | -59.0% | N/A | -9.7%-22.8pp | 13.1%-0.3pp | 13.3% | N/A | 18.4%+7.6pp | 10.8% |
| Return on Equity | -8.7% | N/A | -1.1%-2.7pp | 1.6%-0.6pp | 2.2% | N/A | 3.1%+1.2pp | 1.9% |
| Return on Assets | -4.1% | N/A | -0.6%-1.4pp | 0.9%-0.3pp | 1.2% | N/A | 1.6%+0.7pp | 1.0% |
| Current Ratio | 0.67-0.5 | 1.13-0.5 | 1.65+0.8 | 0.87+0.4 | 0.51-0.2 | 0.69-0.3 | 0.96+0.0 | 0.93 |
| Debt-to-Equity | 0.75+0.0 | 0.710.0 | 0.71+0.1 | 0.62+0.1 | 0.55-0.0 | 0.58-0.0 | 0.59-0.0 | 0.62 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Highpeak Energy，Inc's annual revenue?
Highpeak Energy，Inc (HPK) reported $863.4M in total revenue for fiscal year 2025. This represents a -22.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Highpeak Energy，Inc's revenue growing?
Highpeak Energy，Inc (HPK) revenue declined by 22.7% year-over-year, from $1.1B to $863.4M in fiscal year 2025.
What is Highpeak Energy，Inc's EBITDA?
Highpeak Energy，Inc (HPK) had EBITDA of $571.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Highpeak Energy，Inc have?
As of fiscal year 2025, Highpeak Energy，Inc (HPK) had $162.1M in cash and equivalents against $1.1B in long-term debt.
What is Highpeak Energy，Inc's operating margin?
Highpeak Energy，Inc (HPK) had an operating margin of 17.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Does Highpeak Energy，Inc pay dividends?
Yes, Highpeak Energy，Inc (HPK) paid $0.16 per share in dividends during fiscal year 2025.
What is Highpeak Energy，Inc's operating cash flow?
Highpeak Energy，Inc (HPK) generated $511.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Highpeak Energy，Inc's total assets?
Highpeak Energy，Inc (HPK) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Highpeak Energy，Inc's current ratio?
Highpeak Energy，Inc (HPK) had a current ratio of 1.13 as of fiscal year 2025, which is considered adequate.
What is Highpeak Energy，Inc's debt-to-equity ratio?
Highpeak Energy，Inc (HPK) had a debt-to-equity ratio of 0.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Highpeak Energy，Inc's Altman Z-Score?
Highpeak Energy，Inc (HPK) has an Altman Z-Score of 0.97, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Highpeak Energy，Inc's Piotroski F-Score?
Highpeak Energy，Inc (HPK) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Can Highpeak Energy，Inc cover its interest payments?
Highpeak Energy，Inc (HPK) has an interest coverage ratio of 1.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Highpeak Energy，Inc?
Highpeak Energy，Inc (HPK) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.